Fil Ltd Lowers stake in Microsoft Corporation (MSFT)

Microsoft Corporation (MSFT) : Fil Ltd reduced its stake in Microsoft Corporation by 19.85% during the most recent quarter end. The investment management company now holds a total of 10,598,094 shares of Microsoft Corporation which is valued at $614,053,566 after selling 2,625,475 shares in Microsoft Corporation , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Microsoft Corporation makes up approximately 1.87% of Fil Ltd’s portfolio.

Other Hedge Funds, Including , Cibc World Markets Corp boosted its stake in MSFT in the latest quarter, The investment management firm added 538,708 additional shares and now holds a total of 1,512,958 shares of Microsoft Corporation which is valued at $87,660,787. Microsoft Corporation makes up approx 2.81% of Cibc World Markets Corp’s portfolio.Spinnaker Trust boosted its stake in MSFT in the latest quarter, The investment management firm added 8,902 additional shares and now holds a total of 117,372 shares of Microsoft Corporation which is valued at $6,686,683. Microsoft Corporation makes up approx 0.91% of Spinnaker Trust’s portfolio.Destination Wealth Management boosted its stake in MSFT in the latest quarter, The investment management firm added 2,083 additional shares and now holds a total of 5,952 shares of Microsoft Corporation which is valued at $334,443. Microsoft Corporation makes up approx 0.03% of Destination Wealth Management’s portfolio.Goelzer Investment Management reduced its stake in MSFT by selling 507 shares or 0.38% in the most recent quarter. The Hedge Fund company now holds 134,181 shares of MSFT which is valued at $7,590,619. Microsoft Corporation makes up approx 1.01% of Goelzer Investment Management’s portfolio.Focused Investors reduced its stake in MSFT by selling 52,600 shares or 1.56% in the most recent quarter. The Hedge Fund company now holds 3,308,500 shares of MSFT which is valued at $187,161,845. Microsoft Corporation makes up approx 7.05% of Focused Investors’s portfolio.

Microsoft Corporation opened for trading at $57.9 and hit $58.18 on the upside on Tuesday, eventually ending the session at $57.89, with a gain of 0.38% or 0.22 points. The heightened volatility saw the trading volume jump to 1,87,32,373 shares. Company has a market cap of $451,109 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.

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 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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