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

Posted by Defense World Staff on Oct 19th, 2023

Allred Capital Management LLC lessened its stake in Microsoft Co. (NASDAQ:MSFT – Free Report) by 2.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,601 shares of the software giant’s stock after selling 1,261 shares during the quarter. Microsoft makes up about 8.3% of Allred Capital Management LLC’s holdings, making the stock its 2nd largest position. Allred Capital Management LLC’s holdings in Microsoft were worth $16,891,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Private Wealth Advisors LLC bought a new position in shares of Microsoft in the second quarter valued at approximately $205,000. Investment Research & Advisory Group Inc. lifted its holdings in shares of Microsoft by 1.6% in the second quarter. Investment Research & Advisory Group Inc. now owns 26,924 shares of the software giant’s stock valued at $9,169,000 after purchasing an additional 436 shares in the last quarter. Duncker Streett & Co. Inc. lifted its holdings in shares of Microsoft by 1.6% in the second quarter. Duncker Streett & Co. Inc. now owns 44,737 shares of the software giant’s stock valued at $15,235,000 after purchasing an additional 709 shares in the last quarter. Argus Investors Counsel Inc. lifted its holdings in Microsoft by 1.1% during the second quarter. Argus Investors Counsel Inc. now owns 9,631 shares of the software giant’s stock worth $3,280,000 after acquiring an additional 106 shares during the period. Finally, Redwood Wealth Management Group LLC lifted its holdings in Microsoft by 1.0% during the second quarter. Redwood Wealth Management Group LLC now owns 11,082 shares of the software giant’s stock worth $3,774,000 after acquiring an additional 108 shares during the period. Institutional investors own 69.20% of the company’s stock.

Analyst Upgrades and Downgrades

MSFT has been the topic of a number of recent analyst reports. Sanford C. Bernstein lifted their price target on Microsoft from $398.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, September 20th. Morgan Stanley lifted their price target on Microsoft from $335.00 to $415.00 in a report on Thursday, July 6th. Fundamental Research set a $298.10 price target on Microsoft and gave the stock a “hold” rating in a report on Wednesday, August 9th. Royal Bank of Canada reiterated an “outperform” rating and set a $390.00 price target on shares of Microsoft in a report on Friday, September 22nd. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a $385.00 price target on shares of Microsoft in a report on Friday, September 22nd. Five equities research analysts have rated the stock with a hold rating and thirty-five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $377.85.

View Our Latest Stock Analysis on Microsoft

Microsoft Trading Down 0.6 %

Shares of MSFT stock opened at $330.11 on Thursday. The company has a quick ratio of 1.75, a current ratio of 1.77 and a debt-to-equity ratio of 0.20. The business has a 50-day moving average price of $325.22 and a two-hundred day moving average price of $322.57. Microsoft Co. has a 12-month low of $213.43 and a 12-month high of $366.78. The firm has a market cap of $2.45 trillion, a P/E ratio of 34.07, a price-to-earnings-growth ratio of 2.45 and a beta of 0.91.

Microsoft (NASDAQ:MSFT – Get Free Report) last issued its quarterly earnings results on Tuesday, July 25th. The software giant reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.14. Microsoft had a return on equity of 38.70% and a net margin of 34.15%. The firm had revenue of $56.19 billion during the quarter, compared to analyst estimates of $55.49 billion. During the same quarter in the previous year, the company posted $2.23 earnings per share. The company’s revenue was up 8.3% compared to the same quarter last year. Equities analysts anticipate that Microsoft Co. will post 10.9 EPS for the current fiscal year.

Microsoft Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Wednesday, November 15th. This is a positive change from Microsoft’s previous quarterly dividend of $0.68. Microsoft’s payout ratio is 28.07%.

Insider Activity

In other news, CEO Satya Nadella sold 38,234 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $328.43, for a total value of $12,557,192.62. Following the completion of the sale, the chief executive officer now owns 800,668 shares of the company’s stock, valued at approximately $262,963,391.24. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Bradford L. Smith sold 50,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $337.20, for a total value of $16,860,000.00. Following the completion of the sale, the insider now owns 588,084 shares of the company’s stock, valued at approximately $198,301,924.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Satya Nadella sold 38,234 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $328.43, for a total value of $12,557,192.62. Following the completion of the sale, the chief executive officer now directly owns 800,668 shares of the company’s stock, valued at approximately $262,963,391.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 115,049 shares of company stock valued at $38,195,619. Insiders own 0.03% of the company’s stock.

About Microsoft

(Free Report)

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.