Microsoft Co. (NASDAQ:MSFT) is Central Pacific Bank Trust Division’s 2nd Largest Position

Central Pacific Bank Trust Division decreased its position in Microsoft Co. (NASDAQ:MSFT) by 6.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,631 shares of the software giant’s stock after selling 3,982 shares during the quarter. Microsoft makes up 3.2% of Central Pacific Bank Trust Division’s investment portfolio, making the stock its 2nd largest position. Central Pacific Bank Trust Division’s holdings in Microsoft were worth $24,291,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC increased its holdings in Microsoft by 48,526.1% during the 3rd quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock valued at $16,567,258,000 after purchasing an additional 38,422,466 shares during the period. Wulff Hansen & CO. increased its stake in shares of Microsoft by 47,196.6% during the second quarter. Wulff Hansen & CO. now owns 4,834,658 shares of the software giant’s stock valued at $2,160,850,000 after buying an additional 4,824,436 shares during the period. Geode Capital Management LLC raised its holdings in shares of Microsoft by 2.0% during the third quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock valued at $70,790,682,000 after acquiring an additional 3,264,648 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Microsoft by 67.5% in the third quarter. Assenagon Asset Management S.A. now owns 5,963,863 shares of the software giant’s stock worth $2,566,250,000 after acquiring an additional 2,404,348 shares during the period. Finally, Baillie Gifford & Co. boosted its holdings in Microsoft by 46.1% in the third quarter. Baillie Gifford & Co. now owns 7,048,244 shares of the software giant’s stock valued at $3,032,859,000 after acquiring an additional 2,222,483 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

Microsoft Stock Down 0.5 %

MSFT opened at $408.43 on Friday. Microsoft Co. has a twelve month low of $385.58 and a twelve month high of $468.35. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average price of $428.76 and a 200-day moving average price of $422.94. The stock has a market capitalization of $3.04 trillion, a price-to-earnings ratio of 32.88, a PEG ratio of 2.21 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same quarter in the previous year, the business posted $2.93 EPS. Equities research analysts forecast that Microsoft Co. will post 13.07 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid a dividend of $0.83 per share. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.81%. Microsoft’s dividend payout ratio is currently 26.73%.

Insider Activity

In other news, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the completion of the sale, the executive vice president now owns 117,294 shares of the company’s stock, valued at $48,911,598. The trade was a 17.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CMO Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction on 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 transaction, the chief marketing officer now directly owns 57,511 shares in the company, valued at approximately $23,850,961.92. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,000 shares of company stock valued at $14,333,540 in the last quarter. 0.03% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on MSFT. Truist Financial restated a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a report on Monday, October 28th. TD Cowen decreased their price target on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Citigroup cut their price objective on Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Mizuho decreased their target price on Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $510.96.

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.