Gamble Jones Investment Counsel Lowers stake in Microsoft Corporation (MSFT)

Microsoft Corporation (MSFT) : Gamble Jones Investment Counsel reduced its stake in Microsoft Corporation by 9.09% during the most recent quarter end. The investment management company now holds a total of 458,189 shares of Microsoft Corporation which is valued at $23,088,144 after selling 45,820 shares in Microsoft Corporation , the firm said in a disclosure report filed with the SEC on May 2, 2016.Microsoft Corporation makes up approximately 2.57% of Gamble Jones Investment Counsel’s portfolio.

Microsoft Corporation opened for trading at $49.92 and hit $50.39 on the upside on Friday, eventually ending the session at $50.39, with a gain of 0.90% or 0.45 points. The heightened volatility saw the trading volume jump to 2,47,87,301 shares. Company has a market cap of $396,089 M.

Other Hedge Funds, Including , Hamilton Point Investment Advisors boosted its stake in MSFT in the latest quarter, The investment management firm added 390 additional shares and now holds a total of 44,115 shares of Microsoft Corporation which is valued at $2,222,955. Microsoft Corporation makes up approx 1.51% of Hamilton Point Investment Advisors’s portfolio.Nordea Investment Management Ab boosted its stake in MSFT in the latest quarter, The investment management firm added 156,260 additional shares and now holds a total of 7,926,487 shares of Microsoft Corporation which is valued at $395,293,907. Microsoft Corporation makes up approx 1.19% of Nordea Investment Management Ab’s portfolio.Rand Wealth boosted its stake in MSFT in the latest quarter, The investment management firm added 1,085 additional shares and now holds a total of 87,434 shares of Microsoft Corporation which is valued at $4,360,334. Microsoft Corporation makes up approx 0.60% of Rand Wealth’s portfolio. Killen Group Inc sold out all of its stake in MSFT during the most recent quarter. The investment firm sold 4,945 shares of MSFT which is valued $246,607.Hudson Valley Investment Advisors Inc Adv reduced its stake in MSFT by selling 124 shares or 0.09% in the most recent quarter. The Hedge Fund company now holds 134,489 shares of MSFT which is valued at $6,706,966. Microsoft Corporation makes up approx 2.16% of Hudson Valley Investment Advisors Inc Adv’s portfolio.

On the company’s financial health, Microsoft Corporation reported $0.62 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Apr 21, 2016. Analyst had a consensus of $0.64. The company had revenue of $22076.00 million for the quarter, compared to analysts expectations of $22107.44 million. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS.

Investors should note that on Mar 15, 2016, Microsoft Corporation announced a cash dividend of $0.3600. The company’s management has announced May 17, 2016 as the ex-dividend date and fixed the record date on May 19, 2016. The payable date has been fixed on Jun 9, 2016.

Many Wall Street Analysts have commented on Microsoft Corporation. Shares were Reiterated by BMO Capital Markets on Apr 22, 2016 to “Outperform” and Lowered the Price Target to $ 57 from a previous price target of $58 .Microsoft Corporation was Initiated by Macquarie to “Neutral” on Mar 4, 2016.

Microsoft Corporation is engaged in developing licensing and supporting a range of software products and services. The Company also designs and sells hardware and delivers online advertising to the customers. The Company operates in five segments: Devices and Consumer (D&C) Licensing D&C Hardware D&C Other Commercial Licensing and Commercial Other. The Company’s products include operating systems for computing devices servers phones and other intelligent devices; server applications for distributed computing environments; productivity applications; business solution applications; desktop and server management tools; software development tools; video games; and online advertising. It also offers cloud-based solutions that provide customers with software services and content over the Internet by way of shared computing resources located in centralized data centers. It provides consulting and product and solution support services.

Leave a Reply

Microsoft Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Microsoft Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.