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

Allred Capital Management LLC lowered its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,038 shares of the software giant’s stock after selling 55 shares during the period. Microsoft comprises 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 as of its most recent filing with the Securities & Exchange Commission.

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 raised its holdings 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 buying an additional 3,530,518 shares during the last quarter. Finally, Capital International Investors raised its holdings 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 buying an additional 3,527,148 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors.

A number of research firms have recently weighed in on MSFT. Barclays lifted their price target on Microsoft from $204.00 to $234.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Raymond James raised their price objective on shares of Microsoft from $208.00 to $225.00 and gave the company a “strong-buy” rating in a research note on Monday, July 20th. Wedbush raised their price objective on shares of Microsoft from $220.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. 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, William Blair reiterated a “buy” rating on shares of Microsoft in a research note on Monday, July 20th. Four equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $220.30.

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.

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 posted its quarterly earnings data on Wednesday, July 22nd. The software giant reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.12. Microsoft had a net margin of 30.96% and a return on equity of 39.45%. The firm had revenue of $38.03 billion during the quarter, compared to analyst estimates of $36.59 billion. Equities analysts forecast that Microsoft Co. will post 6.36 earnings per share for the current fiscal year.

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

About Microsoft

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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