First Hawaiian Bank Cuts Holdings in Microsoft Corporation (NASDAQ:MSFT)

First Hawaiian Bank lessened its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 4.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,052 shares of the software giant's stock after selling 3,483 shares during the quarter. Microsoft comprises approximately 1.8% of First Hawaiian Bank's portfolio, making the stock its 9th biggest position. First Hawaiian Bank's holdings in Microsoft were worth $30,051,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Boston Common Asset Management LLC increased its stake in shares of Microsoft by 9.2% during the first quarter. Boston Common Asset Management LLC now owns 155,868 shares of the software giant's stock worth $58,511,000 after acquiring an additional 13,182 shares during the period. Adirondack Trust Co. increased its holdings in Microsoft by 0.5% during the 1st quarter. Adirondack Trust Co. now owns 24,449 shares of the software giant's stock valued at $9,178,000 after acquiring an additional 114 shares in the last quarter. First Citizens Financial Corp lifted its holdings in shares of Microsoft by 4.9% in the first quarter. First Citizens Financial Corp now owns 7,701 shares of the software giant's stock valued at $2,891,000 after purchasing an additional 363 shares in the last quarter. Insight Wealth Strategies LLC lifted its stake in Microsoft by 0.7% in the 1st quarter. Insight Wealth Strategies LLC now owns 12,648 shares of the software giant's stock valued at $4,748,000 after buying an additional 89 shares in the last quarter. Finally, Legacy Wealth Management LLC MS boosted its stake in shares of Microsoft by 20.2% during the first quarter. Legacy Wealth Management LLC MS now owns 52,875 shares of the software giant's stock valued at $19,849,000 after acquiring an additional 8,900 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the transaction, the executive vice president now directly owns 43,100 shares in the company, valued at approximately $19,481,631. This trade represents a 23.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Takeshi Numoto sold 1,000 shares of the company's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $460.01, for a total value of $460,010.00. Following the sale, the executive vice president now owns 47,058 shares in the company, valued at $21,647,150.58. The trade was a 2.08% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 135,743 shares of company stock worth $60,224,683. Insiders own 0.03% of the company's stock.

Wall Street Analyst Weigh In

MSFT has been the topic of a number of analyst reports. Wedbush raised their target price on shares of Microsoft from $515.00 to $600.00 and gave the stock an "outperform" rating in a research report on Wednesday. Wells Fargo & Company boosted their price objective on shares of Microsoft from $565.00 to $585.00 and gave the company an "overweight" rating in a research note on Wednesday. Westpark Capital restated a "hold" rating on shares of Microsoft in a report on Thursday, May 1st. Piper Sandler reiterated an "overweight" rating on shares of Microsoft in a report on Wednesday, May 21st. Finally, Scotiabank upped their price target on Microsoft from $470.00 to $500.00 and gave the stock a "sector outperform" rating in a research note on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $521.14.

Microsoft Stock Down 0.3%

Shares of NASDAQ MSFT traded down $1.51 during midday trading on Friday, reaching $495.94. 34,519,707 shares of the company's stock were exchanged, compared to its average volume of 21,630,309. 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 52-week low of $344.79 and a 52-week high of $499.30. The business's fifty day moving average price is $449.47 and its two-hundred day moving average price is $421.93. The stock has a market capitalization of $3.69 trillion, a PE ratio of 38.33, a price-to-earnings-growth ratio of 2.52 and a beta of 1.03.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The firm had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. During the same quarter last year, the firm earned $2.94 EPS. Microsoft's quarterly revenue was up 13.3% on a year-over-year basis. Analysts forecast that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The business 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 $0.83 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.67%. Microsoft's dividend payout ratio (DPR) is presently 25.66%.

About Microsoft

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.