Allred Capital Management LLC cut its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 65,038 shares of the software giant’s stock after selling 55 shares during the quarter. Microsoft comprises about 8.3% of Allred Capital Management LLC’s holdings, making the stock its largest position. Allred Capital Management LLC’s holdings in Microsoft were worth $13,679,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of MSFT. Advisor Group Holdings Inc. acquired a new stake in Microsoft during the 1st quarter worth approximately $328,820,000. Nordea Investment Management AB boosted its position in Microsoft by 105.3% during the 2nd quarter. Nordea Investment Management AB now owns 20,872,802 shares of the software giant’s stock worth $4,168,090,000 after buying an additional 10,705,657 shares during the period. APG Asset Management N.V. boosted its position in Microsoft by 40.2% during the 2nd quarter. APG Asset Management N.V. now owns 13,477,185 shares of the software giant’s stock worth $2,442,009,000 after buying an additional 3,863,058 shares during the period. Viking Global Investors LP boosted its position in Microsoft by 257.7% during the 1st quarter. Viking Global Investors LP now owns 4,900,338 shares of the software giant’s stock worth $772,832,000 after buying an additional 3,530,518 shares during the period. Finally, Capital International Investors boosted its position in Microsoft by 3.5% during the 1st quarter. Capital International Investors now owns 103,523,946 shares of the software giant’s stock worth $16,326,780,000 after buying an additional 3,527,148 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.

Shares of MSFT stock opened at $219.66 on Friday. The firm has a market capitalization of $1,662.31 billion, a PE ratio of 38.20, a price-to-earnings-growth ratio of 2.54 and a beta of 0.92. The firm has a fifty day simple moving average of $211.82 and a two-hundred day simple moving average of $196.06. The company has a current ratio of 2.52, a quick ratio of 2.49 and a debt-to-equity ratio of 0.50. Microsoft Co. has a 12 month low of $132.52 and a 12 month 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 the Zacks’ consensus estimate of $1.34 by $0.12. The business 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%. On average, equities analysts predict that Microsoft Co. will post 6.36 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders 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 annualized dividend and a dividend yield of 1.02%. Microsoft’s dividend payout ratio is presently 35.42%.

MSFT has been the topic of several recent research reports. Sanford C. Bernstein reiterated a “buy” rating and set a $233.00 target price on shares of Microsoft in a research report on Thursday, July 23rd. Morgan Stanley boosted their price target 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. Barclays boosted their price target on shares of Microsoft from $204.00 to $234.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. Citigroup boosted their price target on shares of Microsoft from $179.00 to $216.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Finally, Stifel Nicolaus boosted their price target on shares of Microsoft from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Four 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. The stock currently has a consensus rating of “Buy” and an average target price of $220.30.

In other news, CMO Christopher C. Capossela sold 23,000 shares of the company’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $210.70, for a total value of $4,846,100.00. Following the completion of the sale, the chief marketing officer now owns 122,943 shares in the company, valued at approximately $25,904,090.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Amy Hood sold 80,000 shares of the company’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $218.14, for a total transaction of $17,451,200.00. Following the completion of the sale, the chief financial officer now owns 452,720 shares of the company’s stock, valued at approximately $98,756,340.80. 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. Company insiders own 1.39% of the company’s stock.

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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