Millie Capital Management buys $1,037,494 stake in Microsoft Corporation (MSFT)

Microsoft Corporation (MSFT) : Millie Capital Management scooped up 4,400 additional shares in Microsoft Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 20, 2016. The investment management firm now holds a total of 18,340 shares of Microsoft Corporation which is valued at $1,037,494.Microsoft Corporation makes up approximately 1.07% of Millie Capital Management’s portfolio.

Other Hedge Funds, Including , Rockland Trust Co boosted its stake in MSFT in the latest quarter, The investment management firm added 633 additional shares and now holds a total of 35,695 shares of Microsoft Corporation which is valued at $2,019,266. Microsoft Corporation makes up approx 0.33% of Rockland Trust Co’s portfolio.Tnb Financial boosted its stake in MSFT in the latest quarter, The investment management firm added 93,097 additional shares and now holds a total of 124,284 shares of Microsoft Corporation which is valued at $6,948,718. Microsoft Corporation makes up approx 1.78% of Tnb Financial’s portfolio.First Western Capital Management Co reduced its stake in MSFT by selling 32,045 shares or 21.94% in the most recent quarter. The Hedge Fund company now holds 113,980 shares of MSFT which is valued at $6,099,070. Microsoft Corporation makes up approx 2.17% of First Western Capital Management Co’s portfolio.Osborn Rohs Williams Donohoe Ltd boosted its stake in MSFT in the latest quarter, The investment management firm added 61 additional shares and now holds a total of 156,027 shares of Microsoft Corporation which is valued at $8,160,212. Microsoft Corporation makes up approx 1.57% of Osborn Rohs Williams Donohoe Ltd’s portfolio.First Financial Bank N.a. – Trust Division boosted its stake in MSFT in the latest quarter, The investment management firm added 4,175 additional shares and now holds a total of 175,862 shares of Microsoft Corporation which is valued at $8,998,859. Microsoft Corporation makes up approx 1.74% of First Financial Bank N.a. – Trust Division’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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