Takeshi Numoto Sells 2,500 Shares of Microsoft Co. (NASDAQ:MSFT) Stock

Microsoft Co. (NASDAQ:MSFT) CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $430.87, for a total value of $1,077,175.00. Following the completion of the sale, the chief marketing officer now owns 53,852 shares in the company, valued at $23,203,211.24. This trade represents a 4.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, November 27th, Takeshi Numoto sold 1,000 shares of Microsoft stock. The stock was sold at an average price of $423.48, for a total value of $423,480.00.
• On Friday, November 22nd, Takeshi Numoto sold 1,000 shares of Microsoft stock. The stock was sold at an average price of $414.72, for a total value of $414,720.00.
• On Tuesday, September 10th, Takeshi Numoto sold 2,500 shares of Microsoft stock. The shares were sold at an average price of $411.04, for a total value of $1,027,600.00.

Microsoft Stock Performance

Shares of Microsoft stock traded up $7.52 during midday trading on Monday, hitting $430.98. The company had a trading volume of 20,184,242 shares, compared to its average volume of 20,556,076. The business’s 50 day simple moving average is $420.84 and its two-hundred day simple moving average is $426.55. The stock has a market cap of $3.20 trillion, a PE ratio of 35.56, a P/E/G ratio of 2.25 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. Microsoft Co. has a 1-year low of $362.90 and a 1-year high of $468.35.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. The business had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.99 earnings per share. As a group, equities analysts predict that Microsoft Co. will post 12.93 EPS for the current fiscal year.

Microsoft Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be given a $0.83 dividend. The ex-dividend date is Thursday, November 21st. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 annualized dividend and a dividend yield of 0.77%. Microsoft’s payout ratio is currently 27.39%.

Microsoft announced that its board has authorized a share repurchase plan on Monday, September 16th that allows the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization allows the software giant to buy up to 1.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Institutional Trading of Microsoft

Several large investors have recently modified their holdings of the stock. Christopher J. Hasenberg Inc raised its position in shares of Microsoft by 169.2% during the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after acquiring an additional 44 shares during the last quarter. Quarry LP bought a new position in Microsoft during the 2nd quarter valued at $45,000. MidAtlantic Capital Management Inc. bought a new position in Microsoft during the 3rd quarter valued at $62,000. Innealta Capital LLC bought a new stake in shares of Microsoft during the 2nd quarter worth $75,000. Finally, Bellevue Group AG raised its stake in shares of Microsoft by 47.5% during the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after purchasing an additional 58 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MSFT. TD Cowen decreased their price objective on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a report on Thursday, October 31st. UBS Group lowered their price target on shares of Microsoft from $510.00 to $500.00 and set a “buy” rating for the company in a report on Thursday, October 31st. KeyCorp raised their price objective on shares of Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. DA Davidson lowered shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price objective on the stock. in a report on Monday, September 23rd. Finally, Morgan Stanley lifted their price target on shares of Microsoft from $506.00 to $548.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and a consensus price target of $503.03.

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.