Estabrook Capital Management Lowers stake in Microsoft Corporation (MSFT)

Microsoft Corporation (MSFT) : Estabrook Capital Management reduced its stake in Microsoft Corporation by 1.22% during the most recent quarter end. The investment management company now holds a total of 577,872 shares of Microsoft Corporation which is valued at $29.5 Million after selling 7,158 shares in Microsoft Corporation , the firm said in a disclosure report filed with the SEC on May 11, 2016.Microsoft Corporation makes up approximately 4.40% of Estabrook Capital Management’s portfolio.

Other Hedge Funds, Including , Adell Harriman Carpenter Inc boosted its stake in MSFT in the latest quarter, The investment management firm added 2,513 additional shares and now holds a total of 118,266 shares of Microsoft Corporation which is valued at $6 Million. Microsoft Corporation makes up approx 1.64% of Adell Harriman Carpenter Inc’s portfolio.Vision Capital Management boosted its stake in MSFT in the latest quarter, The investment management firm added 1,985 additional shares and now holds a total of 96,478 shares of Microsoft Corporation which is valued at $4.9 Million. Microsoft Corporation makes up approx 1.17% of Vision Capital Management’s portfolio.Bruderman Asset Management boosted its stake in MSFT in the latest quarter, The investment management firm added 7,347 additional shares and now holds a total of 55,755 shares of Microsoft Corporation which is valued at $2.8 Million. Microsoft Corporation makes up approx 1.00% of Bruderman Asset Management’s portfolio.First Washington Corp boosted its stake in MSFT in the latest quarter, The investment management firm added 27,900 additional shares and now holds a total of 94,660 shares of Microsoft Corporation which is valued at $4.8 Million. Microsoft Corporation makes up approx 2.91% of First Washington Corp’s portfolio.Mizuho Trust Banking Ltd. boosted its stake in MSFT in the latest quarter, The investment management firm added 393,865 additional shares and now holds a total of 12,155,852 shares of Microsoft Corporation which is valued at $606.2 Million. Microsoft Corporation makes up approx 1.91% of Mizuho Trust Banking Ltd.’s portfolio.

Microsoft Corporation opened for trading at $50.8 and hit $51.96 on the upside on Monday, eventually ending the session at $51.83, with a gain of 1.47% or 0.75 points. The heightened volatility saw the trading volume jump to 2,00,32,017 shares. Company has a market cap of $407,408 M.

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.

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.

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