Microsoft Co. (NASDAQ:MSFT) is First Hawaiian Bank's 10th Largest Position

First Hawaiian Bank lessened its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 6.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,518 shares of the software giant's stock after selling 5,799 shares during the period. Microsoft comprises 1.1% of First Hawaiian Bank's holdings, making the stock its 10th biggest holding. First Hawaiian Bank's holdings in Microsoft were worth $35,138,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MSFT. GAMMA Investing LLC boosted its holdings in shares of Microsoft by 21.0% during the 1st quarter. GAMMA Investing LLC now owns 57,483 shares of the software giant's stock valued at $24,184,000 after acquiring an additional 9,978 shares in the last quarter. Compass Wealth Management LLC boosted its stake in shares of Microsoft by 4.1% during the first quarter. Compass Wealth Management LLC now owns 12,194 shares of the software giant's stock valued at $5,130,000 after purchasing an additional 475 shares in the last quarter. NBC Securities Inc. grew its holdings in shares of Microsoft by 0.5% during the first quarter. NBC Securities Inc. now owns 82,250 shares of the software giant's stock worth $34,614,000 after purchasing an additional 418 shares during the last quarter. Norman Fields Gottscho Capital Management LLC raised its holdings in Microsoft by 9.2% in the 1st quarter. Norman Fields Gottscho Capital Management LLC now owns 3,494 shares of the software giant's stock valued at $1,470,000 after buying an additional 294 shares during the last quarter. Finally, Madison Park Capital Advisors LLC boosted its position in Microsoft by 0.6% during the 1st quarter. Madison Park Capital Advisors LLC now owns 14,215 shares of the software giant's stock worth $5,981,000 after buying an additional 86 shares during the period. Institutional investors own 71.13% of the company's stock.

Microsoft Stock Up 0.9 %

MSFT traded up $4.08 during midday trading on Friday, reaching $449.78. 34,473,197 shares of the company were exchanged, compared to its average volume of 21,042,416. Microsoft Co. has a one year low of $309.45 and a one year high of $450.94. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24. The company's fifty day moving average price is $419.96 and its 200 day moving average price is $406.93. The company has a market cap of $3.34 trillion, a price-to-earnings ratio of 38.94, a price-to-earnings-growth ratio of 2.36 and a beta of 0.89.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.13. The business had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. Microsoft's revenue was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.45 earnings per share. As a group, analysts expect that Microsoft Co. will post 11.77 EPS for the current year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Thursday, August 15th. Microsoft's payout ratio is 25.97%.

Insider Buying and Selling at Microsoft

In other news, EVP Judson Althoff sold 25,000 shares of the business's stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total value of $10,642,000.00. Following the transaction, the executive vice president now owns 104,949 shares in the company, valued at approximately $44,674,690.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the sale, the executive vice president now directly owns 104,949 shares in the company, valued at approximately $44,674,690.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Takeshi Numoto sold 244 shares of the business's stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $415.53, for a total transaction of $101,389.32. Following the completion of the transaction, the chief marketing officer now directly owns 47,011 shares in the company, valued at $19,534,480.83. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,566 shares of company stock worth $10,877,535. Insiders own 0.03% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on MSFT shares. JPMorgan Chase & Co. upped their price target on shares of Microsoft from $440.00 to $470.00 and gave the company an "overweight" rating in a research report on Friday, April 26th. StockNews.com downgraded Microsoft from a "buy" rating to a "hold" rating in a report on Thursday, February 22nd. Evercore ISI increased their price target on Microsoft from $475.00 to $485.00 and gave the company an "outperform" rating in a research note on Friday, April 26th. Jefferies Financial Group lifted their price objective on Microsoft from $465.00 to $550.00 and gave the stock a "buy" rating in a research note on Monday, April 1st. Finally, Macquarie increased their target price on shares of Microsoft from $460.00 to $475.00 and gave the company an "outperform" rating in a research report on Friday, May 17th. Three investment analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $467.12.

Microsoft 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.