Barrett Asset Management Lowers stake in Microsoft Corporation (MSFT)

Microsoft Corporation (MSFT) : Barrett Asset Management reduced its stake in Microsoft Corporation by 0.16% during the most recent quarter end. The investment management company now holds a total of 443,667 shares of Microsoft Corporation which is valued at $24,805,422 after selling 698 shares in Microsoft Corporation , the firm said in a disclosure report filed with the SEC on Jul 18, 2016.Microsoft Corporation makes up approximately 2.07% of Barrett Asset Management’s portfolio.

Other Hedge Funds, Including , First National Bank Of Mount Dora Trust Investment Services boosted its stake in MSFT in the latest quarter, The investment management firm added 250 additional shares and now holds a total of 10,363 shares of Microsoft Corporation which is valued at $579,395. Microsoft Corporation makes up approx 0.32% of First National Bank Of Mount Dora Trust Investment Services’s portfolio.Sonora Investment Management boosted its stake in MSFT in the latest quarter, The investment management firm added 8,312 additional shares and now holds a total of 50,405 shares of Microsoft Corporation which is valued at $2,719,854. Microsoft Corporation makes up approx 1.50% of Sonora Investment Management’s portfolio.Windward Capital Management Co Ca boosted its stake in MSFT in the latest quarter, The investment management firm added 179 additional shares and now holds a total of 4,676 shares of Microsoft Corporation which is valued at $252,317. Microsoft Corporation makes up approx 0.05% of Windward Capital Management Co Ca’s portfolio.Physicians Financial Services boosted its stake in MSFT in the latest quarter, The investment management firm added 733 additional shares and now holds a total of 33,992 shares of Microsoft Corporation which is valued at $1,834,208. Microsoft Corporation makes up approx 1.56% of Physicians Financial Services’s portfolio.Mutual Of Omaha Bank Wealth Management boosted its stake in MSFT in the latest quarter, The investment management firm added 17,872 additional shares and now holds a total of 65,286 shares of Microsoft Corporation which is valued at $3,493,454. Microsoft Corporation makes up approx 1.14% of Mutual Of Omaha Bank Wealth Management’s portfolio.

Microsoft Corporation opened for trading at $56.15 and hit $56.84 on the upside on Wednesday, eventually ending the session at $55.91, with a gain of 5.31% or 2.82 points. The heightened volatility saw the trading volume jump to 8,98,93,301 shares. Company has a market cap of $439,479 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 Jun 14, 2016, Microsoft Corporation announced a cash dividend of $0.3600. The company’s management has announced Aug 16, 2016 as the ex-dividend date and fixed the record date on Aug 18, 2016. The payable date has been fixed on Sep 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 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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