Microsoft Corporation (NASDAQ:MSFT) EVP Takeshi Numoto Sells 4,850 Shares

Key Points

• Microsoft EVP Takeshi Numoto sold 4,850 shares of the company's stock on August 12th for a total of $2,557,502, resulting in an 11.03% decrease in his ownership.
• Following Numoto's sale, Microsoft stock traded down 1.6% to $520.58, with a market capitalization of $3.87 trillion and a price-to-earnings ratio of 38.17.
• Microsoft announced a quarterly dividend of $0.83 per share, to be paid on September 11th, with a current dividend yield of 0.6%.

Microsoft Corporation (NASDAQ:MSFT - Get Free Report) EVP Takeshi Numoto sold 4,850 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $527.32, for a total value of $2,557,502.00. Following the transaction, the executive vice president directly owned 39,111 shares in the company, valued at $20,624,012.52. This represents a 11.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, June 3rd, Takeshi Numoto sold 3,000 shares of Microsoft stock. The stock was sold at an average price of $463.00, for a total value of $1,389,000.00.
• 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 Trading Down 1.6%

Microsoft stock traded down $8.66 during trading on Wednesday, hitting $520.58. The company's stock had a trading volume of 19,581,882 shares, compared to its average volume of 20,377,714. The stock has a market capitalization of $3.87 trillion, a price-to-earnings ratio of 38.17, a P/E/G ratio of 2.32 and a beta of 1.06. The stock's fifty day moving average is $499.37 and its 200 day moving average is $439.35. Microsoft Corporation has a 1-year low of $344.79 and a 1-year high of $555.45. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.35 and a current ratio of 1.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results on Wednesday, July 30th. The software giant reported $3.65 EPS for the quarter, beating the consensus estimate of $3.35 by $0.30. The firm had revenue of $76.44 billion during the quarter, compared to analyst estimates of $73.79 billion. Microsoft had a return on equity of 32.44% and a net margin of 36.15%. The business's quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.95 earnings per share. As a group, equities research analysts predict that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend payout ratio is presently 24.34%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Stifel Nicolaus upped their price objective on Microsoft from $500.00 to $550.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Morgan Stanley upped their price objective on Microsoft from $530.00 to $582.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Jefferies Financial Group upped their price objective on Microsoft from $600.00 to $675.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Benchmark reiterated a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Finally, Cantor Fitzgerald boosted their target price on Microsoft from $581.00 to $639.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Two analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $609.86.

Institutional Investors Weigh In On Microsoft

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Microsoft by 2.0% in the second quarter. Vanguard Group Inc. now owns 705,077,786 shares of the software giant's stock valued at $350,712,742,000 after buying an additional 13,691,572 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Microsoft by 2.0% in the second quarter. Geode Capital Management LLC now owns 179,001,751 shares of the software giant's stock valued at $88,714,256,000 after purchasing an additional 3,532,054 shares during the last quarter. Norges Bank purchased a new position in Microsoft in the fourth quarter valued at about $44,343,058,000. Kingstone Capital Partners Texas LLC boosted its holdings in Microsoft by 564,387.1% in the second quarter. Kingstone Capital Partners Texas LLC now owns 90,549,369 shares of the software giant's stock valued at $45,040,162,000 after purchasing an additional 90,533,328 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Microsoft by 16.1% in the fourth quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant's stock valued at $35,316,535,000 after purchasing an additional 11,600,470 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Company Profile

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.

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