First Financial Bank Trims Microsoft Holdings by 2.4% in Q3

In its most recent statement with the Securities and Exchange Commission (SEC), First Financial Bank Trust Division reported a 2.4% fall in its holdings in Microsoft Co. during the third quarter. After selling 1,907 shares of the software giant’s stock during the quarter, the institutional investor now held 76,911 shares. Microsoft is the seventh-largest stock in the First Financial Bank Trust Division’s portfolio, accounting for around 3.0% of the total. As of the last quarter, First Financial Bank Trust Division’s Microsoft holdings were valued at $33,095,000.

Company Executives Sell $16.6 Million in Shares, Reducing Stakes

In other developments, on Thursday, September 5th, CFO Amy Hood sold 38,000 shares of the company’s stock. The shares were worth $15,600,900.00 when they were sold, with an average price of $410.55. The CEO now directly controls 496,369 shares of the business, which are worth about $203,784,292.95 after the sale. As a result of the deal, their position dropped by 7.11%.

The Securities & Exchange Commission received a filing disclosing the sale. Additionally, on Tuesday, September 10th, CMO Takeshi Numoto sold 2,500 shares of the company. The stock was sold for a total of $1,027,600.00 at an average price of $411.04. 50,000 shares of the company’s stock, worth around $20,552,000, are now directly owned by the chief marketing officer as a result of the transaction. Their position has decreased by 4.76% as a result of this move.

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