PICTET BANK & TRUST Ltd Has $3.37 Million Holdings in Microsoft Corporation (NASDAQ:MSFT)

PICTET BANK & TRUST Ltd lowered its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 11.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,018 shares of the software giant's stock after selling 1,200 shares during the period. Microsoft makes up approximately 4.1% of PICTET BANK & TRUST Ltd's holdings, making the stock its 9th largest holding. PICTET BANK & TRUST Ltd's holdings in Microsoft were worth $3,371,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of MSFT. Brady Martz Wealth Solutions LLC increased its holdings in Microsoft by 1.4% during the 1st quarter. Brady Martz Wealth Solutions LLC now owns 6,650 shares of the software giant's stock valued at $2,496,000 after purchasing an additional 95 shares during the period. Mcdaniel Terry & Co. increased its holdings in Microsoft by 6.1% during the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock valued at $133,023,000 after purchasing an additional 18,052 shares during the period. Strategic Financial Services Inc. increased its holdings in Microsoft by 7.8% during the 4th quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant's stock valued at $7,345,000 after purchasing an additional 1,268 shares during the period. Elevate Wealth Advisory Inc. increased its holdings in Microsoft by 147.9% during the 4th quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant's stock valued at $737,000 after purchasing an additional 1,043 shares during the period. Finally, Intellus Advisors LLC purchased a new position in Microsoft during the 4th quarter valued at about $16,075,000. Hedge funds and other institutional investors own 71.13% of the company's stock.

Insider Buying and Selling at Microsoft

In other news, EVP Judson Althoff sold 16,000 shares of the stock in a transaction on Monday, May 19th. The stock was sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the transaction, the executive vice president directly owned 98,010 shares of the company's stock, valued at $44,906,221.80. This represents a 14.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Kathleen T. Hogan sold 21,500 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total value of $9,756,055.00. Following the transaction, the executive vice president directly owned 134,888 shares in the company, valued at $61,208,127.76. The trade was a 13.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,350 shares of company stock worth $21,493,447. Insiders own 0.03% of the company's stock.

Microsoft Stock Performance

Shares of MSFT opened at $520.17 on Friday. The business's fifty day simple moving average is $502.60 and its two-hundred day simple moving average is $441.02. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $555.45. The company has a market cap of $3.87 trillion, a price-to-earnings ratio of 38.14, a P/E/G ratio of 2.29 and a beta of 1.06.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its earnings results on Wednesday, July 30th. The software giant reported $3.65 EPS for the quarter, beating the consensus estimate of $3.35 by $0.30. Microsoft had a return on equity of 32.44% and a net margin of 36.15%. The business had revenue of $76.44 billion for the quarter, compared to the consensus estimate of $73.79 billion. During the same period last year, the business posted $2.95 EPS. The company's revenue was up 18.1% compared to the same quarter last year. Research analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is currently 24.34%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Evercore ISI upped their target price on Microsoft from $515.00 to $545.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. BMO Capital Markets upped their target price on Microsoft from $550.00 to $650.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Morgan Stanley upped their target price on Microsoft from $530.00 to $582.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Wall Street Zen upgraded Microsoft from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Westpark Capital reiterated a "hold" rating on shares of Microsoft in a report on Thursday, July 31st. Two analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $609.86.

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.

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Corporation (NASDAQ:MSFT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.