Blue Chip Partners buys $6,528,484 stake in Microsoft Corporation (MSFT)

Microsoft Corporation (MSFT) : Blue Chip Partners scooped up 2,588 additional shares in Microsoft Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 10, 2016. The investment management firm now holds a total of 127,809 shares of Microsoft Corporation which is valued at $6,528,484.Microsoft Corporation makes up approximately 3.18% of Blue Chip Partners’s portfolio.

Other Hedge Funds, Including , Hillsdale Investment Management boosted its stake in MSFT in the latest quarter, The investment management firm added 6,050 additional shares and now holds a total of 6,260 shares of Microsoft Corporation which is valued at $319,761. Microsoft Corporation makes up approx 0.10% of Hillsdale Investment Management’s portfolio.Cornerstone Financial Partners boosted its stake in MSFT in the latest quarter, The investment management firm added 38,101 additional shares and now holds a total of 67,501 shares of Microsoft Corporation which is valued at $3,401,375. Microsoft Corporation makes up approx 1.32% of Cornerstone Financial Partners’s portfolio.Benedict Financial Advisors Inc reduced its stake in MSFT by selling 1,831 shares or 1.48% in the most recent quarter. The Hedge Fund company now holds 121,877 shares of MSFT which is valued at $6,141,382. Microsoft Corporation makes up approx 3.76% of Benedict Financial Advisors Inc’s portfolio.Raab Moskowitz Asset Management boosted its stake in MSFT in the latest quarter, The investment management firm added 6,865 additional shares and now holds a total of 15,371 shares of Microsoft Corporation which is valued at $774,545. Microsoft Corporation makes up approx 0.46% of Raab Moskowitz Asset Management’s portfolio.Polaris Greystone Financial Group boosted its stake in MSFT in the latest quarter, The investment management firm added 241,986 additional shares and now holds a total of 252,908 shares of Microsoft Corporation which is valued at $12,612,522. Microsoft Corporation makes up approx 1.99% of Polaris Greystone Financial Group’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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