Microsoft Corporation (MSFT) : Gavekal Capital reduced its stake in Microsoft Corporation by 22.88% during the most recent quarter end. The investment management company now holds a total of 154,565 shares of Microsoft Corporation which is valued at $8,875,122 after selling 45,849 shares in Microsoft Corporation , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.Microsoft Corporation makes up approximately 3.03% of Gavekal Capital’s portfolio.
Other Hedge Funds, Including , Laurel Grove Capital boosted its stake in MSFT in the latest quarter, The investment management firm added 1,150 additional shares and now holds a total of 12,950 shares of Microsoft Corporation which is valued at $743,589. Microsoft Corporation makes up approx 0.43% of Laurel Grove Capital’s portfolio.Private Trust Co Na boosted its stake in MSFT in the latest quarter, The investment management firm added 6,050 additional shares and now holds a total of 133,567 shares of Microsoft Corporation which is valued at $7,602,634. Microsoft Corporation makes up approx 1.89% of Private Trust Co Na’s portfolio.Baker Boyer National Bank boosted its stake in MSFT in the latest quarter, The investment management firm added 150 additional shares and now holds a total of 15,597 shares of Microsoft Corporation which is valued at $891,992. Microsoft Corporation makes up approx 3.70% of Baker Boyer National Bank’s portfolio.New England Research Management reduced its stake in MSFT by selling 17,175 shares or 53.54% in the most recent quarter. The Hedge Fund company now holds 14,902 shares of MSFT which is valued at $858,951. Microsoft Corporation makes up approx 0.72% of New England Research Management’s portfolio.
Microsoft Corporation opened for trading at $57.12 and hit $57.74 on the upside on Friday, eventually ending the session at $57.42, with a gain of 0.88% or 0.5 points. The heightened volatility saw the trading volume jump to 2,74,02,451 shares. Company has a market cap of $447,446 M.
On the company’s financial health, Microsoft Corporation reported $0.69 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $0.58. The company had revenue of $22642.00 million for the quarter, compared to analysts expectations of $22137.35 million. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS.
Investors should note that on Sep 20, 2016, Microsoft Corporation announced a cash dividend of $0.3900. The company’s management has announced Nov 15, 2016 as the ex-dividend date and fixed the record date on Nov 17, 2016. The payable date has been fixed on Dec 8, 2016.
Many Wall Street Analysts have commented on Microsoft Corporation. Company shares were Reiterated by FBN Securities on Jul 20, 2016 to “Outperform”, Firm has raised the Price Target to $ 65 from a previous price target of $55 .Company shares were Reiterated by UBS on Jul 20, 2016 to “Buy”, Firm has raised the Price Target to $ 62 from a previous price target of $59 .Company shares were Reiterated by BMO Capital Markets on Jul 20, 2016 to “Outperform”, Firm has raised the Price Target to $ 62 from a previous price target of $57 .
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.