Central Pacific Bank Trust Division trimmed its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 12.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,321 shares of the software giant's stock after selling 7,310 shares during the quarter. Microsoft makes up 2.6% of Central Pacific Bank Trust Division's investment portfolio, making the stock its 4th largest position. Central Pacific Bank Trust Division's holdings in Microsoft were worth $18,890,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also bought and sold shares of MSFT. Norges Bank bought a new stake in shares of Microsoft in the 4th quarter worth approximately $44,343,058,000. Proficio Capital Partners LLC boosted its position in shares of Microsoft by 34,643.3% during the fourth quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant's stock valued at $7,096,913,000 after purchasing an additional 16,788,816 shares in the last quarter. Northern Trust Corp boosted its position in shares of Microsoft by 16.1% during the fourth quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant's stock valued at $35,316,535,000 after purchasing an additional 11,600,470 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Microsoft by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant's stock valued at $288,336,224,000 after purchasing an additional 10,431,988 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Microsoft during the fourth quarter valued at approximately $3,035,987,000. 71.13% of the stock is currently owned by institutional investors.
Insider Activity at Microsoft
In other news, insider Bradford L. Smith sold 75,000 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $436.05, for a total value of $32,703,750.00. Following the sale, the insider now directly owns 476,999 shares in the company, valued at approximately $207,995,413.95. This represents a 13.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Takeshi Numoto sold 3,000 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total value of $1,389,000.00. Following the transaction, the executive vice president now owns 43,930 shares in the company, valued at $20,339,590. The trade was a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 135,743 shares of company stock valued at $60,224,683. Insiders own 0.03% of the company's stock.
Microsoft Stock Up 0.8%
Microsoft stock opened at $490.11 on Wednesday. The stock has a market cap of $3.64 trillion, a PE ratio of 37.88, a price-to-earnings-growth ratio of 2.47 and a beta of 1.03. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. Microsoft Corporation has a one year low of $344.79 and a one year high of $491.85. The stock has a fifty day moving average of $441.90 and a 200 day moving average of $420.91.
Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. The business had revenue of $70.07 billion during the quarter, compared to analysts' expectations of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The business's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.94 earnings per share. As a group, sell-side analysts predict that Microsoft Corporation will post 13.08 EPS for the current year.
Microsoft Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Thursday, August 21st. Microsoft's payout ratio is presently 25.66%.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the company. TD Securities lifted their price target on Microsoft from $475.00 to $490.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. KeyCorp restated a "sector weight" rating on shares of Microsoft in a research report on Thursday, April 17th. JPMorgan Chase & Co. lifted their price target on Microsoft from $465.00 to $475.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Barclays lifted their price target on Microsoft from $430.00 to $494.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, Morgan Stanley restated an "overweight" rating on shares of Microsoft in a research report on Wednesday, June 4th. Four investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company's stock. According to data from MarketBeat, Microsoft currently has an average rating of "Moderate Buy" and a consensus price target of $515.68.
Read Our Latest Stock Analysis on Microsoft
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.
Further Reading
Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Corporation (NASDAQ:MSFT - Free Report).
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