Wellington Shields buys $3.9 Million stake in Microsoft Corporation (MSFT)

Microsoft Corporation (MSFT) : Wellington Shields scooped up 1,407 additional shares in Microsoft Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 26, 2016. The investment management firm now holds a total of 74,604 shares of Microsoft Corporation which is valued at $3.9 Million.Microsoft Corporation makes up approximately 2.54% of Wellington Shields’s portfolio.

Other Hedge Funds, Including , Bangor Savings Bank boosted its stake in MSFT in the latest quarter, The investment management firm added 890 additional shares and now holds a total of 18,865 shares of Microsoft Corporation which is valued at $987,017. Microsoft Corporation makes up approx 0.24% of Bangor Savings Bank’s portfolio.Cs Mckee Lp reduced its stake in MSFT by selling 165,719 shares or 10.38% in the most recent quarter. The Hedge Fund company now holds 1,430,923 shares of MSFT which is valued at $72.4 Million. Microsoft Corporation makes up approx 2.76% of Cs Mckee Lp’s portfolio.Two Sigma Investments Lp boosted its stake in MSFT in the latest quarter, The investment management firm added 149,500 additional shares and now holds a total of 189,653 shares of Microsoft Corporation which is valued at $9.6 Million. Microsoft Corporation makes up approx 0.05% of Two Sigma Investments Lp’s portfolio.Cannell Peter B Co Inc reduced its stake in MSFT by selling 210,619 shares or 12.32% in the most recent quarter. The Hedge Fund company now holds 1,499,556 shares of MSFT which is valued at $76.6 Million. Microsoft Corporation makes up approx 2.77% of Cannell Peter B Co Inc’s portfolio.

Microsoft Corporation closed down -0.15 points or -0.28% at $52.85 with 2,53,24,828 shares getting traded on Wednesday. Post opening the session at $52.44, the shares hit an intraday low of $52.44 and an intraday high of $52.95 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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