First National Bank of Hutchinson Has $6.33 Million Position in Microsoft Co. (NASDAQ:MSFT)

First National Bank of Hutchinson grew its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 10.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 15,015 shares of the software giant's stock after purchasing an additional 1,466 shares during the period. Microsoft makes up about 3.8% of First National Bank of Hutchinson's portfolio, making the stock its 7th biggest position. First National Bank of Hutchinson's holdings in Microsoft were worth $6,329,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. WFA Asset Management Corp grew its position in Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock worth $427,000 after acquiring an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. grew its position in Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after acquiring an additional 38 shares during the last quarter. Discipline Wealth Solutions LLC grew its position in shares of Microsoft by 410.4% in the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock valued at $1,144,000 after buying an additional 2,138 shares during the last quarter. Swedbank AB increased its stake in shares of Microsoft by 0.4% in the third quarter. Swedbank AB now owns 13,689,356 shares of the software giant's stock valued at $5,890,530,000 after buying an additional 49,288 shares during the period. Finally, United Bank increased its stake in shares of Microsoft by 4.1% in the third quarter. United Bank now owns 18,378 shares of the software giant's stock valued at $7,908,000 after buying an additional 730 shares during the period. Institutional investors own 71.13% of the company's stock.

Insider Activity

In other news, EVP Judson Althoff sold 16,000 shares of the company's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $458.18, for a total value of $7,330,880.00. Following the completion of the transaction, the executive vice president now directly owns 98,010 shares of the company's stock, valued at $44,906,221.80. This represents a 14.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Amy Coleman sold 13,243 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The shares were 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 of the company's stock, valued at approximately $19,481,631. This represents a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 131,743 shares of company stock valued at $58,375,673 over the last three months. Corporate insiders own 0.03% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on MSFT shares. Jefferies Financial Group raised their price objective on Microsoft from $475.00 to $550.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Mizuho raised their price objective on Microsoft from $475.00 to $500.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. DA Davidson raised their price objective on Microsoft from $450.00 to $500.00 and gave the stock 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. Finally, Westpark Capital restated a "hold" rating on shares of Microsoft in a research report on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $513.13.

Microsoft Stock Down 0.7%

Shares of Microsoft stock traded down $3.33 on Wednesday, hitting $457.36. The company had a trading volume of 16,984,314 shares, compared to its average volume of 21,567,190. The stock has a market capitalization of $3.40 trillion, a price-to-earnings ratio of 36.82, a P/E/G ratio of 2.21 and a beta of 0.99. Microsoft Co. has a 1 year low of $344.79 and a 1 year high of $468.35. The stock has a 50 day moving average of $405.09 and a 200-day moving average of $414.29. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping the consensus estimate of $3.22 by $0.24. The firm had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The company's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.94 earnings per share. As a group, sell-side analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio is presently 25.66%.

Microsoft Company Profile

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.