JPMorgan Chase & Co. reaffirmed their buy rating on shares of Microsoft (NASDAQ:MSFT) in a research report report published on Friday morning, Borsen Zeitung reports. They currently have a $155.00 price target on the software giant’s stock.
MSFT has been the subject of several other reports. Wedbush boosted their target price on Mastercard from $261.00 to $287.00 and gave the stock an outperform rating in a research report on Thursday, June 13th. BMO Capital Markets reiterated an outperform rating and set a $115.00 price objective (down previously from $118.00) on shares of New Relic in a report on Tuesday, July 16th. Wells Fargo & Co set a $29.00 price objective on Establishment Labs and gave the company a buy rating in a report on Friday, July 12th. Deutsche Bank lifted their price objective on Canadian Pacific Railway from $230.00 to $260.00 and gave the company a buy rating in a report on Wednesday, July 17th. Finally, Oppenheimer lifted their price objective on Chipotle Mexican Grill from $400.00 to $525.00 and gave the company an underperform rating in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-seven have issued a buy rating and three have issued a strong buy rating to the company. The stock currently has an average rating of Buy and an average price target of $146.41.
Microsoft stock opened at $136.62 on Friday. The firm has a market cap of $1,046.89 billion, a price-to-earnings ratio of 28.76, a P/E/G ratio of 2.43 and a beta of 1.21. Microsoft has a 1 year low of $93.96 and a 1 year high of $140.67. The stock’s 50-day moving average is $133.73. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.53 and a quick ratio of 2.50.
Microsoft (NASDAQ:MSFT) last posted its earnings results on Thursday, July 18th. The software giant reported $1.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.16. The company had revenue of $33.72 billion during the quarter, compared to analyst estimates of $32.80 billion. Microsoft had a return on equity of 39.26% and a net margin of 31.18%. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.13 EPS. On average, equities research analysts expect that Microsoft will post 5.15 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.35%. The ex-dividend date is Wednesday, August 14th. Microsoft’s payout ratio is 38.74%.
In other Microsoft news, EVP Kathleen T. Hogan sold 15,947 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $133.17, for a total transaction of $2,123,661.99. Following the transaction, the executive vice president now owns 202,518 shares of the company’s stock, valued at approximately $26,969,322.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $126.02, for a total value of $630,100.00. Following the transaction, the executive vice president now directly owns 144,934 shares in the company, valued at approximately $18,264,582.68. The disclosure for this sale can be found here. Insiders sold a total of 216,247 shares of company stock worth $28,204,754 in the last 90 days. Company insiders own 1.38% of the company’s stock.
Several large investors have recently bought and sold shares of the business. Alpha Cubed Investments LLC increased its position in shares of Microsoft by 6.7% during the 2nd quarter. Alpha Cubed Investments LLC now owns 249,997 shares of the software giant’s stock worth $33,490,000 after purchasing an additional 15,713 shares during the last quarter. Private Vista LLC increased its holdings in shares of Microsoft by 3.5% during the 2nd quarter. Private Vista LLC now owns 26,507 shares of the software giant’s stock worth $3,552,000 after acquiring an additional 893 shares during the last quarter. Garner Asset Management Corp increased its holdings in shares of Microsoft by 2.8% during the 2nd quarter. Garner Asset Management Corp now owns 8,599 shares of the software giant’s stock worth $1,152,000 after acquiring an additional 235 shares during the last quarter. Lenox Wealth Management Inc. increased its holdings in shares of Microsoft by 23.6% during the 2nd quarter. Lenox Wealth Management Inc. now owns 7,589 shares of the software giant’s stock worth $1,016,000 after acquiring an additional 1,447 shares during the last quarter. Finally, Destination Wealth Management increased its holdings in shares of Microsoft by 17.8% during the 2nd quarter. Destination Wealth Management now owns 16,015 shares of the software giant’s stock worth $2,145,000 after acquiring an additional 2,418 shares during the last quarter. 72.04% of the stock is currently owned by hedge funds and other institutional investors.
Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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