Microsoft Corporation (MSFT) : Salem Capital Management Inc reduced its stake in Microsoft Corporation by 0.91% during the most recent quarter end. The investment management company now holds a total of 139,559 shares of Microsoft Corporation which is valued at $7,766,458 after selling 1,275 shares in Microsoft Corporation , the firm said in a disclosure report filed with the SEC on Apr 11, 2016.Microsoft Corporation makes up approximately 4.29% of Salem Capital Management Inc’s portfolio.
Microsoft Corporation opened for trading at $55.3 and hit $55.92 on the upside on Friday, eventually ending the session at $55.65, with a gain of 0.52% or 0.29 points. The heightened volatility saw the trading volume jump to 2,87,93,753 shares. Company has a market cap of $440,153 M.
Other Hedge Funds, Including , Atlas Browninc. boosted its stake in MSFT in the latest quarter, The investment management firm added 462 additional shares and now holds a total of 16,810 shares of Microsoft Corporation which is valued at $935,477. Microsoft Corporation makes up approx 0.40% of Atlas Browninc.’s portfolio.Chicago Trust Co Na reduced its stake in MSFT by selling 8,850 shares or 7.9% in the most recent quarter. The Hedge Fund company now holds 103,142 shares of MSFT which is valued at $5,601,642. Microsoft Corporation makes up approx 2.43% of Chicago Trust Co Na’s portfolio.First American Bank boosted its stake in MSFT in the latest quarter, The investment management firm added 2,156 additional shares and now holds a total of 155,149 shares of Microsoft Corporation which is valued at $8,426,142. Microsoft Corporation makes up approx 0.88% of First American Bank’s portfolio.First Financial Bank N.a. – Trust Division boosted its stake in MSFT in the latest quarter, The investment management firm added 331 additional shares and now holds a total of 171,687 shares of Microsoft Corporation which is valued at $9,324,321. Microsoft Corporation makes up approx 1.86% of First Financial Bank N.a. – Trust Division’s portfolio.First National Bank Of Mount Dora Trust Investment Services reduced its stake in MSFT by selling 100 shares or 0.98% in the most recent quarter. The Hedge Fund company now holds 10,113 shares of MSFT which is valued at $549,237. Microsoft Corporation makes up approx 0.33% of First National Bank Of Mount Dora Trust Investment Services’s portfolio.
On the company’s financial health, Microsoft Corporation reported $0.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $0.71. The company had revenue of $25693.00 million for the quarter, compared to analysts expectations of $25213.70 million. The company’s revenue was down -1.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.71 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. 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 .Company shares were Reiterated by FBN Securities on Feb 1, 2016 to “Outperform”, Firm has raised the Price Target to $ 70 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 Companys 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.