Microsoft Corporation (MSFT) Has Risen 0.68%, Becoming A Winning Stock For Investors

Microsoft Corporation (NASDAQ:MSFT) has a beta value of 0.90 and has seen 16.48 million shares traded in the last trading session. The company, currently valued at $3115.48B, closed the last trade at $419.14 per share which meant it gained $2.82 on the day or 0.68% during that session. The MSFT stock price is -11.74% off its 52-week high price of $468.35 and 22.61% above the 52-week low of $324.39. If we look at the company’s 10-day average daily trading volume, we find that it stood at 16.83 million shares traded. The 3-month trading volume is 19.88 million shares.

The consensus among analysts is that Microsoft Corporation (MSFT) is Buy stock at the moment, with a recommendation rating of 1.33. 2 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 40 have rated it as a Hold, with 34 advising it as a Buy. 1 have rated the stock as Underweight.

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Microsoft Corporation (NASDAQ:MSFT) trade information

Sporting 0.68% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the MSFT stock price touched $419.14 or saw a rise of 1.16%. Year-to-date, Microsoft Corporation shares have moved 11.46%, while the 5-day performance has seen it change 2.34%. Over the past 30 days, the shares of Microsoft Corporation (NASDAQ:MSFT) have changed -2.66%. Short interest in the company has seen 59.53 million shares shorted with days to cover at 3.12.

Wall Street analysts have a consensus price target for the stock at $475, which means that the shares’ value could jump 11.76% from current levels. The projected low price target is $232.0 while the price target rests at a high of $600.0. In that case, then, we find that the current price level is -43.15% off the targeted high while a plunge would see the stock lose 44.65% from current levels.

Microsoft Corporation (MSFT) estimates and forecasts

Figures show that Microsoft Corporation shares have underperformed across the wider relevant industry. The company’s shares have gained 1.33% over the past 6 months, with this year growth rate of 10.34%, compared to 13.50% for the industry.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 18.45% over the past 5 years. Earnings growth for 2024 is a modest 11.83% while over the next 5 years, the company’s earnings are expected to increase by 14.72%.

MSFT Dividends

Microsoft Corporation is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 3.00 at a share yield of 0.72%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 0.89%.

Microsoft Corporation (NASDAQ:MSFT)’s Major holders

Insiders own 0.06% of the company shares, while shares held by institutions stand at 73.70% with a share float percentage of 73.74%. Investors are also buoyed by the number of investors in a company, with Microsoft Corporation having a total of 6856.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 675.91 million shares worth more than $302.1 billion. As of 2024-06-30, VANGUARD GROUP INC held 9.0958% of shares outstanding.

The other major institutional holder is BLACKROCK INC., with the holding of over 553.98 million shares as of 2024-06-30. The firm’s total holdings are worth over $247.6 billion and represent 7.4549% of shares outstanding.