Carl Domino Inc Lowers stake in Microsoft Corporation (MSFT)

Microsoft Corporation (MSFT) : Carl Domino Inc reduced its stake in Microsoft Corporation by 19.45% during the most recent quarter end. The investment management company now holds a total of 50,803 shares of Microsoft Corporation which is valued at $2,630,579 after selling 12,266 shares in Microsoft Corporation , the firm said in a disclosure report filed with the SEC on Apr 19, 2016.Microsoft Corporation makes up approximately 2.36% of Carl Domino Inc’s portfolio.

Microsoft Corporation closed down -4 points or -7.17% at $51.78 with 12,68,34,091 shares getting traded on Friday. Post opening the session at $51.91, the shares hit an intraday low of $50.77 and an intraday high of $52.4297 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Parasol Investment Management reduced its stake in MSFT by selling 23 shares or 0.19% in the most recent quarter. The Hedge Fund company now holds 12,127 shares of MSFT which is valued at $627,936. Microsoft Corporation makes up approx 0.61% of Parasol Investment Management’s portfolio. Santa Fe Partners added MSFT to its portfolio by purchasing 54,849 company shares during the most recent quarter which is valued at $3,052,347. Microsoft Corporation makes up approx 0.50% of Santa Fe Partners’s portfolio.Wunderlich Securities reduced its stake in MSFT by selling 7,086 shares or 51.83% in the most recent quarter. The Hedge Fund company now holds 6,585 shares of MSFT which is valued at $366,455. Microsoft Corporation makes up approx 0.54% of Wunderlich Securities’s portfolio.Keystone Financial Planning reduced its stake in MSFT by selling 60,368 shares or 62.84% in the most recent quarter. The Hedge Fund company now holds 35,700 shares of MSFT which is valued at $1,938,867. Microsoft Corporation makes up approx 1.39% of Keystone Financial Planning’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. Shares were Reiterated by RBC Capital Mkts on Feb 1, 2016 to “Outperform” and Lowered the Price Target to $ 63 from a previous price target of $65 .

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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