Microsoft Co. (NASDAQ:MSFT) CMO Takeshi Numoto Sells 244 Shares

Microsoft Co. (NASDAQ:MSFT - Get Free Report) CMO Takeshi Numoto sold 244 shares of Microsoft stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $415.53, for a total transaction of $101,389.32. Following the transaction, the chief marketing officer now directly owns 47,011 shares in the company, valued at $19,534,480.83. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Friday, May 31st, Takeshi Numoto sold 322 shares of Microsoft stock. The stock was sold at an average price of $416.60, for a total transaction of $134,145.20.

Microsoft Price Performance

Shares of Microsoft stock traded up $2.55 on Tuesday, hitting $416.07. The company's stock had a trading volume of 14,334,283 shares, compared to its average volume of 21,360,268. Microsoft Co. has a 1 year low of $309.45 and a 1 year high of $433.60. The company has a market capitalization of $3.09 trillion, a price-to-earnings ratio of 35.66, a price-to-earnings-growth ratio of 2.19 and a beta of 0.89. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24. The firm has a fifty day moving average price of $416.12 and a 200-day moving average price of $401.43.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.81 by $0.13. The firm had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The company's quarterly revenue was up 17.0% on a year-over-year basis. During the same period last year, the company earned $2.45 EPS. As a group, sell-side analysts anticipate that Microsoft Co. will post 11.77 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be given a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a yield of 0.72%. Microsoft's dividend payout ratio (DPR) is presently 25.97%.

Hedge Funds Weigh In On Microsoft

Hedge funds have recently made changes to their positions in the company. Grandview Asset Management LLC acquired a new position in Microsoft during the third quarter worth $12,602,000. Klingenstein Fields & Co. LP increased its holdings in shares of Microsoft by 2.3% in the 3rd quarter. Klingenstein Fields & Co. LP now owns 254,527 shares of the software giant's stock valued at $80,367,000 after purchasing an additional 5,686 shares in the last quarter. Northern Capital Management Inc. lifted its stake in shares of Microsoft by 5.4% in the third quarter. Northern Capital Management Inc. now owns 6,163 shares of the software giant's stock valued at $1,946,000 after purchasing an additional 317 shares during the period. Sanchez Wealth Management Group boosted its holdings in Microsoft by 10.2% during the third quarter. Sanchez Wealth Management Group now owns 994 shares of the software giant's stock worth $314,000 after buying an additional 92 shares in the last quarter. Finally, Colorado Capital Management Inc. boosted its holdings in Microsoft by 3.5% during the third quarter. Colorado Capital Management Inc. now owns 3,390 shares of the software giant's stock worth $1,070,000 after buying an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on MSFT shares. Citigroup dropped their price objective on Microsoft from $480.00 to $475.00 and set a "buy" rating for the company in a research note on Thursday, April 18th. Wedbush reiterated an "outperform" rating and issued a $500.00 price objective on shares of Microsoft in a report on Wednesday, May 22nd. Wells Fargo & Company increased their price objective on Microsoft from $480.00 to $500.00 and gave the stock an "overweight" rating in a report on Friday, April 26th. Jefferies Financial Group increased their price objective on Microsoft from $465.00 to $550.00 and gave the stock a "buy" rating in a report on Monday, April 1st. Finally, Evercore ISI raised their price target on Microsoft from $475.00 to $485.00 and gave the company an "outperform" rating in a report on Friday, April 26th. Three analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $457.91.

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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