Microsoft (NASDAQ:MSFT) Shares Unloaded Rep. Josh Gottheimer

Representative Josh Gottheimer (D-New Jersey) recently sold shares of Microsoft Co. NASDAQ: MSFT. In a filing disclosed on December 05th, the Representative disclosed that they had sold between $1,001 and $15,000 in Microsoft stock on November 12th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Regeneron Pharmaceuticals NASDAQ: REGN on 11/29/2024.
• Purchased $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 11/27/2024.
• Sold $1,001 - $15,000 in shares of Netflix NASDAQ: NFLX on 11/27/2024.
• Sold $1,001 - $15,000 in shares of Vertiv NYSE: VRT on 11/27/2024.
• Purchased $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 11/26/2024.
• Purchased $1,001 - $15,000 in shares of Dominion Energy NYSE: D on 11/26/2024.
• Purchased $1,001 - $15,000 in shares of Johnson & Johnson NYSE: JNJ on 11/26/2024.
• Sold $1,001 - $15,000 in shares of Eaton NYSE: ETN on 11/25/2024.
• Sold $1,001 - $15,000 in shares of ConocoPhillips NYSE: COP on 11/22/2024.
• Purchased $1,001 - $15,000 in shares of Johnson & Johnson NYSE: JNJ on 11/22/2024.

Microsoft Trading Up 0.2 %

Shares of Microsoft stock traded up $0.95 during trading on Friday, reaching $443.57. 18,811,895 shares of the stock were exchanged, compared to its average volume of 20,931,472. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The firm has a market cap of $3.30 trillion, a price-to-earnings ratio of 36.60, a price-to-earnings-growth ratio of 2.32 and a beta of 0.90. Microsoft Co. has a 1 year low of $364.13 and a 1 year high of $468.35. The stock's fifty day moving average is $421.47 and its 200 day moving average is $427.00.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.20. The business had revenue of $65.59 billion during the quarter, compared to analysts' expectations of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The business's revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the business posted $2.99 EPS. As a group, equities research analysts expect that Microsoft Co. will post 12.93 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Thursday, February 20th. Microsoft's dividend payout ratio (DPR) is presently 27.39%.

Microsoft declared that its Board of Directors has approved a stock repurchase plan on Monday, September 16th that permits the company to buyback $60.00 billion in shares. This buyback authorization permits the software giant to purchase up to 1.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its stock is undervalued.

Insider Activity

In related news, CMO Takeshi Numoto sold 1,000 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total transaction of $414,720.00. Following the completion of the transaction, the chief marketing officer now directly owns 57,511 shares in the company, valued at approximately $23,850,961.92. The trade was a 1.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kathleen T. Hogan sold 17,378 shares of Microsoft stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $411.85, for a total transaction of $7,157,129.30. Following the transaction, the executive vice president now directly owns 150,161 shares in the company, valued at $61,843,807.85. This represents a 10.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 98,578 shares of company stock valued at $40,553,696 in the last 90 days. Company insiders own 0.03% of the company's stock.

Wall Street Analyst Weigh In

MSFT has been the topic of a number of research analyst reports. Royal Bank of Canada reissued an "outperform" rating and set a $500.00 price objective on shares of Microsoft in a research report on Tuesday, November 5th. TD Cowen reduced their price target on shares of Microsoft from $495.00 to $475.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st. Wells Fargo & Company restated a "buy" rating on shares of Microsoft in a report on Friday, October 18th. Wedbush reiterated an "outperform" rating and set a $550.00 target price on shares of Microsoft in a report on Tuesday, November 19th. Finally, Oppenheimer cut Microsoft from an "outperform" rating to a "market perform" rating in a research note on Tuesday, October 8th. Two research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $504.36.

Hedge Funds Weigh In On Microsoft

A number of institutional investors and hedge funds have recently modified their holdings of MSFT. Christopher J. Hasenberg Inc increased its position in shares of Microsoft by 169.2% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant's stock valued at $31,000 after purchasing an additional 44 shares during the last quarter. Quarry LP bought a new stake in Microsoft during the second quarter valued at approximately $45,000. MidAtlantic Capital Management Inc. purchased a new stake in Microsoft during the third quarter valued at approximately $62,000. Innealta Capital LLC bought a new position in Microsoft in the second quarter worth approximately $75,000. Finally, Bellevue Group AG boosted its stake in shares of Microsoft by 47.5% during the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant's stock worth $76,000 after acquiring an additional 58 shares during the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2025. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2024 election. Gottheimer was first elected to the House in 2016. Prior to his election, Gottheimer worked for Microsoft, the Federal Communications Commission, and for the administration of President Bill Clinton (D). Click here for more information about Gottheimer's career. Gottheimer serves on the House Financial Services Committee, where is a member of three subcommittees. For more on Gottheimer's committee assignments, click here. Gottheimer became a co-chair of the Problem Solvers Caucus in February 2017. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

Microsoft Company Profile

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.