Microsoft Co. (NASDAQ:MSFT) EVP Sells $1,389,000.00 in Stock

Microsoft Co. (NASDAQ:MSFT - Get Free Report) EVP Takeshi Numoto sold 3,000 shares of Microsoft stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total value of $1,389,000.00. Following the sale, the executive vice president now owns 43,930 shares of the company's stock, valued at approximately $20,339,590. This represents a 6.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Takeshi Numoto also recently made the following trade(s):

• On Friday, May 30th, Takeshi Numoto sold 1,000 shares of Microsoft stock. The stock was sold at an average price of $460.01, for a total value of $460,010.00.

Microsoft Price Performance

Shares of Microsoft stock traded up $3.81 during trading on Thursday, hitting $467.68. 20,083,146 shares of the company's stock traded hands, compared to its average volume of 21,471,689. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $469.58. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The company has a market cap of $3.48 trillion, a PE ratio of 37.66, a PEG ratio of 2.21 and a beta of 1.03. The firm's fifty day moving average price is $413.59 and its 200 day moving average price is $415.95.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The company had revenue of $70.07 billion during the quarter, compared to analysts' expectations of $68.54 billion. During the same period last year, the business earned $2.94 earnings per share. The business's revenue was up 13.3% on a year-over-year basis. Analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's dividend payout ratio is currently 25.66%.

Institutional Trading of Microsoft

Several large investors have recently added to or reduced their stakes in the company. Newton One Investments LLC increased its stake in shares of Microsoft by 66.7% in the first quarter. Newton One Investments LLC now owns 75 shares of the software giant's stock valued at $28,000 after buying an additional 30 shares in the last quarter. Ball & Co Wealth Management Inc. bought a new stake in Microsoft during the 4th quarter worth about $31,000. Fiduciary Advisors Inc. acquired a new stake in Microsoft in the 4th quarter valued at about $38,000. IFS Advisors LLC increased its position in Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after acquiring an additional 35 shares in the last quarter. Finally, LSV Asset Management bought a new position in shares of Microsoft in the fourth quarter worth about $44,000. 71.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MSFT has been the subject of several recent research reports. DA Davidson boosted their target price on shares of Microsoft from $450.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Scotiabank upped their price objective on shares of Microsoft from $470.00 to $500.00 and gave the stock a "sector outperform" rating in a report on Thursday, May 1st. Guggenheim reissued a "neutral" rating on shares of Microsoft in a research report on Thursday, May 1st. Piper Sandler restated an "overweight" rating on shares of Microsoft in a report on Wednesday, May 21st. Finally, Bank of America decreased their price target on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Four equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $513.13.

About Microsoft

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.