Microsoft Co. (NASDAQ:MSFT) Holdings Trimmed by Bank of Hawaii

Bank of Hawaii lowered its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.2% in the third quarter, Holdings Channel.com reports. The firm owned 132,362 shares of the software giant’s stock after selling 330 shares during the period. Microsoft comprises approximately 2.4% of Bank of Hawaii’s investment portfolio, making the stock its 11th largest position. Bank of Hawaii’s holdings in Microsoft were worth $56,955,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of MSFT. Christopher J. Hasenberg Inc raised its holdings in Microsoft by 35.7% during the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after buying an additional 25 shares in the last quarter. Quarry LP bought a new position in shares of Microsoft in the 2nd quarter valued at approximately $45,000. MidAtlantic Capital Management Inc. acquired a new stake in Microsoft in the 3rd quarter worth approximately $62,000. Innealta Capital LLC bought a new stake in Microsoft during the second quarter worth approximately $75,000. Finally, Carolina Wealth Advisors LLC grew its holdings in Microsoft by 10.1% during the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after purchasing an additional 31 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Truist Financial reiterated a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a research note on Monday, October 28th. DA Davidson restated a “neutral” rating and issued a $425.00 price target on shares of Microsoft in a research report on Thursday. Oppenheimer lowered shares of Microsoft from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. Wedbush reissued an “outperform” rating and set a $550.00 target price on shares of Microsoft in a research report on Tuesday, November 19th. Finally, BMO Capital Markets cut their price target on Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $510.96.

Microsoft Price Performance

MSFT stock opened at $415.06 on Friday. The company has a market capitalization of $3.09 trillion, a P/E ratio of 33.42, a PEG ratio of 2.38 and a beta of 0.90. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. Microsoft Co. has a 52-week low of $385.58 and a 52-week high of $468.35. The company has a fifty day moving average price of $432.56 and a 200-day moving average price of $424.88.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 34.38%. During the same quarter in the previous year, the firm earned $2.93 earnings per share. As a group, equities analysts expect that Microsoft Co. will post 12.89 EPS for the current year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a dividend yield of 0.80%. Microsoft’s dividend payout ratio is currently 26.73%.

Insider Buying and Selling

In related news, CMO Takeshi Numoto sold 1,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $414.72, for a total value of $414,720.00. Following the completion of the sale, the chief marketing officer now directly owns 57,511 shares of the company’s stock, valued at $23,850,961.92. The trade was a 1.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Christopher David Young sold 7,200 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the transaction, the executive vice president now owns 103,366 shares in the company, valued at approximately $43,792,039.56. The trade was a 6.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,200 shares of company stock valued at $17,383,892 over the last ninety days. 0.03% of the stock is owned by corporate insiders.

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.