Microsoft (NASDAQ:MSFT) Shares Acquired Rep. Marjorie Taylor Greene

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Microsoft Co. (NASDAQ:MSFT). In a filing disclosed on November 27th, the Representative disclosed that they had bought between $1,001 and $15,000 in Microsoft stock on November 25th.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Charles Schwab (NYSE:SCHW) on 11/25/2024.
• Purchased $1,001 – $15,000 in shares of GSK (NYSE:GSK) on 11/25/2024.
• Purchased $1,001 – $15,000 in shares of Costco Wholesale (NASDAQ:COST) on 11/25/2024.
• Purchased $1,001 – $15,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 11/25/2024.
• Purchased $1,001 – $15,000 in shares of NextEra Energy (NYSE:NEE) on 11/25/2024.
• Purchased $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 11/25/2024.
• Purchased $1,001 – $15,000 in shares of Berkshire Hathaway (NYSE:BRK.B) on 11/25/2024.
• Purchased $1,001 – $15,000 in shares of Nestlé (OTCMKTS:NSRGY) on 11/25/2024.
• Purchased $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 11/25/2024.
• Purchased $1,001 – $15,000 in shares of Lam Research (NASDAQ:LRCX) on 11/25/2024.

Microsoft Trading Down 1.2 %

Shares of MSFT opened at $422.99 on Friday. The firm has a market cap of $3.14 trillion, a P/E ratio of 34.90, a price-to-earnings-growth ratio of 2.24 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. Microsoft Co. has a 1 year low of $362.90 and a 1 year high of $468.35. The company has a 50 day simple moving average of $421.07 and a two-hundred day simple moving average of $426.39.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.20. The company had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. Microsoft’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period last year, the company posted $2.99 earnings per share. On average, equities analysts expect that Microsoft Co. will post 12.93 earnings per share for the current fiscal year.

Microsoft declared that its board has authorized a stock buyback program on Monday, September 16th that allows the company to repurchase $60.00 billion in shares. This repurchase authorization allows the software giant to repurchase up to 1.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Microsoft Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a $0.83 dividend. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.78%. Microsoft’s dividend payout ratio is 27.39%.

Analyst Ratings Changes

Several brokerages have recently issued reports on MSFT. TD Cowen reduced their target price on Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Wedbush reaffirmed an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a report on Tuesday, November 19th. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a report on Tuesday, November 5th. Citigroup decreased their price target on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Finally, UBS Group dropped their price objective on shares of Microsoft from $510.00 to $500.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and a consensus target price of $503.03.

Insider Activity

In other news, CMO Takeshi Numoto sold 1,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $414.72, for a total transaction of $414,720.00. Following the transaction, the chief marketing officer now owns 57,511 shares in the company, valued at $23,850,961.92. This represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Satya Nadella sold 78,353 shares of Microsoft stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the completion of the sale, the chief executive officer now owns 864,327 shares of the company’s stock, valued at $353,189,942.01. This trade represents a 8.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 209,431 shares of company stock worth $85,796,688. Insiders own 0.03% of the company’s stock.

Institutional Investors Weigh In On Microsoft

Several large investors have recently modified their holdings of the business. WFA Asset Management Corp raised its holdings in Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after purchasing an additional 216 shares in the last quarter. China Universal Asset Management Co. Ltd. lifted its position in Microsoft by 62.0% during the first quarter. China Universal Asset Management Co. Ltd. now owns 113,168 shares of the software giant’s stock valued at $47,612,000 after acquiring an additional 43,327 shares during the last quarter. Quent Capital LLC boosted its stake in Microsoft by 4.3% in the first quarter. Quent Capital LLC now owns 35,888 shares of the software giant’s stock valued at $15,099,000 after acquiring an additional 1,467 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in Microsoft by 1.9% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 587,516 shares of the software giant’s stock worth $247,174,000 after purchasing an additional 11,026 shares during the last quarter. Finally, Compass Financial Group Inc. increased its position in shares of Microsoft by 104.4% during the first quarter. Compass Financial Group Inc. now owns 1,764 shares of the software giant’s stock worth $742,000 after purchasing an additional 901 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia’s 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2025. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia’s 14th Congressional District. She declared candidacy for the 2024 election. Marjorie Taylor Greene earned a bachelor’s degree in business administration from the University of Georgia. Greene’s career experience includes co-owning construction company Taylor Commercial and founding and owning a CrossFit gym.

About Microsoft

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.