Allred Capital Management LLC trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 65,038 shares of the software giant’s stock after selling 55 shares during the quarter. Microsoft accounts for 8.3% of Allred Capital Management LLC’s portfolio, making the stock its biggest position. 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 bought and sold shares of the stock. Virtus ETF Advisers LLC increased its stake in Microsoft by 230.5% in the second quarter. Virtus ETF Advisers LLC now owns 195 shares of the software giant’s stock valued at $40,000 after purchasing an additional 136 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in Microsoft in the third quarter valued at approximately $45,000. Selective Wealth Management Inc. increased its stake in Microsoft by 26.9% in the second quarter. Selective Wealth Management Inc. now owns 236 shares of the software giant’s stock valued at $48,000 after purchasing an additional 50 shares in the last quarter. Virtus Alternative Investment Advisers Inc. bought a new stake in Microsoft in the second quarter valued at approximately $48,000. Finally, Your Advocates Ltd. LLP increased its stake in Microsoft by 588.2% in the second quarter. Your Advocates Ltd. LLP now owns 351 shares of the software giant’s stock valued at $71,000 after purchasing an additional 300 shares in the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Shares of MSFT stock opened at $219.66 on Friday. The stock has a market cap of $1,662.31 billion, a P/E ratio of 38.20, a P/E/G ratio of 2.54 and a beta of 0.92. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.52 and a quick ratio of 2.49. The company has a fifty day moving average price of $211.82 and a two-hundred day moving average price of $196.06. Microsoft Co. has a one year low of $132.52 and a one year high of $232.86.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, July 22nd. The software giant reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.12. The firm had revenue of $38.03 billion during the quarter, compared to analysts’ expectations of $36.59 billion. Microsoft had a net margin of 30.96% and a return on equity of 39.45%. As a group, equities research analysts anticipate that Microsoft Co. will post 6.36 EPS for the current fiscal year.

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

Several equities research analysts have commented on the stock. Tigress Financial reaffirmed a “buy” rating on shares of Microsoft in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Microsoft from $230.00 to $245.00 and gave the stock a “buy” rating in a research report on Monday, October 12th. Fundamental Research increased their price objective on shares of Microsoft from $212.58 to $220.41 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Goldman Sachs Group set a $215.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a research report on Monday, July 20th. Finally, Morgan Stanley increased their price objective on shares of Microsoft from $230.00 to $245.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 9th. Four research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the stock. Microsoft currently has a consensus rating of “Buy” and a consensus target price of $220.30.

In other Microsoft news, CFO Amy Hood sold 80,000 shares of the stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $218.14, for a total value of $17,451,200.00. Following the completion of the sale, the chief financial officer now owns 452,720 shares in the company, valued at $98,756,340.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Jean Philippe Courtois sold 15,140 shares of the firm’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $215.00, for a total transaction of $3,255,100.00. Following the sale, the executive vice president now owns 560,498 shares of the company’s stock, valued at approximately $120,507,070. The disclosure for this sale can be found here. In the last quarter, insiders sold 164,067 shares of company stock valued at $35,247,737. Corporate insiders own 1.39% of the company’s stock.

Microsoft 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.

Further Reading: What is Green Investing?

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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