Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Allred Capital Management LLC

Allred Capital Management LLC raised its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,154 shares of the software giant’s stock after purchasing an additional 119 shares during the quarter. Microsoft accounts for 6.7% of Allred Capital Management LLC’s portfolio, making the stock its largest position. Allred Capital Management LLC’s holdings in Microsoft were worth $14,890,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MSFT. Sittner & Nelson LLC grew its position in shares of Microsoft by 0.9% in the 1st quarter. Sittner & Nelson LLC now owns 15,395 shares of the software giant’s stock worth $3,630,000 after acquiring an additional 136 shares in the last quarter. Fernwood Investment Management LLC grew its position in shares of Microsoft by 2.3% in the 1st quarter. Fernwood Investment Management LLC now owns 6,811 shares of the software giant’s stock worth $1,606,000 after acquiring an additional 151 shares in the last quarter. Cranbrook Wealth Management LLC grew its position in shares of Microsoft by 5.0% in the 1st quarter. Cranbrook Wealth Management LLC now owns 2,773 shares of the software giant’s stock worth $654,000 after acquiring an additional 133 shares in the last quarter. Portland Hill Asset Management Ltd grew its position in shares of Microsoft by 110.7% in the 1st quarter. Portland Hill Asset Management Ltd now owns 731 shares of the software giant’s stock worth $172,000 after acquiring an additional 384 shares in the last quarter. Finally, Prospera Financial Services Inc lifted its holdings in shares of Microsoft by 22.1% in the 1st quarter. Prospera Financial Services Inc now owns 140,697 shares of the software giant’s stock worth $33,181,000 after purchasing an additional 25,459 shares during the last quarter. Hedge funds and other institutional investors own 69.38% of the company’s stock.

In other Microsoft news, CMO Christopher C. Capossela sold 1,500 shares of the business’s stock in a transaction dated Wednesday, May 12th. The stock was sold at an average price of $240.00, for a total value of $360,000.00. Following the transaction, the chief marketing officer now owns 87,703 shares in the company, valued at $21,048,720. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Christopher C. Capossela sold 6,086 shares of the business’s stock in a transaction dated Friday, May 7th. The shares were sold at an average price of $252.66, for a total value of $1,537,688.76. Following the completion of the transaction, the chief marketing officer now owns 92,119 shares in the company, valued at approximately $23,274,786.54. The disclosure for this sale can be found here. Insiders sold 15,586 shares of company stock worth $3,899,849 in the last 90 days. Corporate insiders own 0.05% of the company’s stock.

Several analysts recently issued reports on the company. Wedbush reissued a “buy” rating and issued a $310.00 price target on shares of Microsoft in a report on Wednesday, May 26th. Fundamental Research raised their price target on Microsoft from $236.60 to $256.70 and gave the stock a “hold” rating in a report on Wednesday, May 26th. Barclays raised their price target on Microsoft from $269.00 to $288.00 and gave the stock an “overweight” rating in a report on Wednesday, April 28th. Exane BNP Paribas initiated coverage on Microsoft in a report on Thursday, April 22nd. They issued an “outperform” rating and a $330.00 price target on the stock. Finally, Bank of America lifted their target price on Microsoft from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, April 21st. Two investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and two have assigned a strong buy rating to the company. Microsoft currently has a consensus rating of “Buy” and an average target price of $290.70.

Shares of NASDAQ MSFT opened at $257.24 on Friday. The company has a quick ratio of 2.26, a current ratio of 2.29 and a debt-to-equity ratio of 0.37. The firm has a market cap of $1.94 trillion, a PE ratio of 35.05, a price-to-earnings-growth ratio of 2.54 and a beta of 0.79. The stock has a fifty day moving average of $251.46. Microsoft Co. has a 52-week low of $184.01 and a 52-week high of $263.19.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Tuesday, April 27th. The software giant reported $1.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.76 by $0.19. Microsoft had a return on equity of 43.75% and a net margin of 35.02%. The business had revenue of $41.71 billion for the quarter, compared to analysts’ expectations of $40.83 billion. During the same period in the previous year, the firm posted $1.40 EPS. The company’s quarterly revenue was up 19.1% on a year-over-year basis. As a group, sell-side analysts expect that Microsoft Co. will post 7.71 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 10th. Shareholders of record on Thursday, May 20th were paid a $0.56 dividend. The ex-dividend date was Wednesday, May 19th. This represents a $2.24 dividend on an annualized basis and a yield of 0.87%. Microsoft’s dividend payout ratio (DPR) is currently 38.89%.

Microsoft Profile

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions 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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