Allred Capital Management LLC Cuts Stake in Microsoft Co. (NASDAQ:MSFT)

Allred Capital Management LLC lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,038 shares of the software giant’s stock after selling 55 shares during the period. Microsoft accounts for about 8.3% of Allred Capital Management LLC’s investment portfolio, making the stock its biggest holding. Allred Capital Management LLC’s holdings in Microsoft were worth $13,679,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MSFT. Advisor Group Holdings Inc. bought a new stake in shares of Microsoft during the first quarter valued at approximately $328,820,000. Nordea Investment Management AB raised its holdings in shares of Microsoft by 105.3% during the second quarter. Nordea Investment Management AB now owns 20,872,802 shares of the software giant’s stock valued at $4,168,090,000 after buying an additional 10,705,657 shares during the last quarter. APG Asset Management N.V. raised its holdings in shares of Microsoft by 40.2% during the second quarter. APG Asset Management N.V. now owns 13,477,185 shares of the software giant’s stock valued at $2,442,009,000 after buying an additional 3,863,058 shares during the last quarter. Viking Global Investors LP increased its stake in shares of Microsoft by 257.7% during the first quarter. Viking Global Investors LP now owns 4,900,338 shares of the software giant’s stock valued at $772,832,000 after acquiring an additional 3,530,518 shares during the period. Finally, Capital International Investors increased its stake in shares of Microsoft by 3.5% during the first quarter. Capital International Investors now owns 103,523,946 shares of the software giant’s stock valued at $16,326,780,000 after acquiring an additional 3,527,148 shares during the period. 69.93% of the stock is currently owned by institutional investors.

Microsoft stock opened at $219.66 on Friday. The company has a 50 day moving average price of $211.82 and a 200 day moving average price of $196.06. Microsoft Co. has a 52 week low of $132.52 and a 52 week high of $232.86. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.49 and a current ratio of 2.52. The firm has a market capitalization of $1,662.31 billion, a price-to-earnings ratio of 38.20, a P/E/G ratio of 2.54 and a beta of 0.92.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, July 22nd. The software giant reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.12. The company had revenue of $38.03 billion during the quarter, compared to analyst estimates of $36.59 billion. Microsoft had a net margin of 30.96% and a return on equity of 39.45%. Equities analysts forecast that Microsoft Co. will post 6.36 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, November 19th will be paid a dividend of $0.56 per share. The ex-dividend date is Wednesday, November 18th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.02%. This is a positive change from Microsoft’s previous quarterly dividend of $0.51. Microsoft’s dividend payout ratio (DPR) is 35.42%.

In other Microsoft news, EVP Jean Philippe Courtois sold 15,140 shares of Microsoft stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $215.00, for a total transaction of $3,255,100.00. Following the completion of the sale, the executive vice president now owns 560,498 shares of the company’s stock, valued at approximately $120,507,070. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kathleen T. Hogan sold 30,871 shares of Microsoft stock in a transaction on Monday, August 17th. The shares were sold at an average price of $209.90, for a total transaction of $6,479,822.90. Following the sale, the executive vice president now directly owns 176 shares of the company’s stock, valued at approximately $36,942.40. The disclosure for this sale can be found here. Insiders have sold a total of 164,067 shares of company stock valued at $35,247,737 in the last three months. Company insiders own 1.39% of the company’s stock.

A number of research analysts recently commented on the stock. BidaskClub upgraded shares of Microsoft from a “sell” rating to a “hold” rating in a research note on Tuesday, September 29th. JPMorgan Chase & Co. raised their price objective on shares of Microsoft from $190.00 to $220.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Goldman Sachs Group set a $215.00 price objective on shares of Microsoft and gave the company a “buy” rating in a research note on Monday, July 20th. Jefferies Financial Group raised their price objective on shares of Microsoft from $200.00 to $240.00 and gave the company a “buy” rating in a research note on Sunday, July 19th. Finally, Bank of America reiterated a “buy” rating and set a $230.00 price objective on shares of Microsoft in a research note on Monday, July 20th. Four analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. Microsoft presently has a consensus rating of “Buy” and an average target price of $220.30.

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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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