Rep. Thomas H. Kean, Jr. Buys Microsoft Co. (NASDAQ:MSFT) Stock

Representative Thomas H. Kean, Jr. (R-New Jersey) recently bought shares of Microsoft Co. NASDAQ: MSFT. In a filing disclosed on February 19th, the Representative disclosed that they had bought between $1,001 and $15,000 in Microsoft stock on January 31st. The trade occurred in the Representative's "KEAN FAMILY PARTNERSHIP" account.

Representative Thomas H. Kean, Jr. also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 1/16/2025.
• Purchased $1,001 - $15,000 in shares of Canadian Pacific Kansas City NYSE: CP on 12/27/2024.
• Purchased $1,001 - $15,000 in shares of Pernod Ricard OTC: PRNDY on 12/27/2024.
• Sold $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 12/19/2024.
• Sold $1,001 - $15,000 in shares of Franklin Resources NYSE: BEN on 12/16/2024.
• Purchased $1,001 - $15,000 in shares of Prologis NYSE: PLD on 12/16/2024.
• Purchased $1,001 - $15,000 in shares of Abbott Laboratories NYSE: ABT on 12/16/2024.
• Purchased $1,001 - $15,000 in shares of Analog Devices NASDAQ: ADI on 12/13/2024.

Microsoft Price Performance

Shares of NASDAQ:MSFT traded down $7.88 during trading on Friday, hitting $408.25. 27,440,364 shares of the stock were exchanged, compared to its average volume of 22,515,041. Microsoft Co. has a 12-month low of $385.58 and a 12-month high of $468.35. The company has a market cap of $3.03 trillion, a PE ratio of 32.87, a P/E/G ratio of 2.20 and a beta of 0.90. The company has a fifty day moving average price of $425.98 and a two-hundred day moving average price of $422.79. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same period in the prior year, the firm earned $2.93 EPS. On average, analysts forecast that Microsoft Co. will post 13.07 EPS for the current year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.81%. Microsoft's payout ratio is currently 26.73%.

Insider Buying and Selling

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the business's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $430.87, for a total transaction of $1,077,175.00. Following the sale, the chief marketing officer now directly owns 53,852 shares in the company, valued at approximately $23,203,211.24. The trade was a 4.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 8,000 shares of company stock valued at $3,493,820 over the last 90 days. 0.03% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $500.00 price target on shares of Microsoft in a research note on Thursday, January 30th. UBS Group decreased their target price on shares of Microsoft from $525.00 to $510.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. DA Davidson reiterated a "neutral" rating and issued a $425.00 price target on shares of Microsoft in a report on Thursday, January 30th. Piper Sandler restated an "overweight" rating and set a $520.00 price objective on shares of Microsoft in a report on Monday, January 27th. Finally, Morgan Stanley dropped their target price on Microsoft from $540.00 to $530.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. Three analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company's stock. According to MarketBeat, Microsoft has an average rating of "Moderate Buy" and an average price target of $510.96.

Hedge Funds Weigh In On Microsoft

Institutional investors have recently modified their holdings of the company. Ball & Co Wealth Management Inc. bought a new position in Microsoft in the 4th quarter worth approximately $31,000. Fiduciary Advisors Inc. bought a new position in shares of Microsoft in the fourth quarter worth $38,000. Christopher J. Hasenberg Inc grew its stake in shares of Microsoft by 35.7% in the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant's stock worth $39,000 after purchasing an additional 25 shares in the last quarter. IFS Advisors LLC increased its holdings in shares of Microsoft by 53.8% during the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after purchasing an additional 35 shares during the period. Finally, LSV Asset Management bought a new stake in shares of Microsoft during the fourth quarter valued at about $44,000. Institutional investors own 71.13% of the company's stock.

About Representative Kean

Thomas Kean Jr. (Republican Party) is a member of the U.S. House, representing New Jersey's 7th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027. Kean (Republican Party) is running for re-election to the U.S. House to represent New Jersey's 7th Congressional District. He declared candidacy for the 2026 election. Thomas Kean Jr. lives in Westfield, New Jersey. Kean earned a master’s degree from the Tufts University Fletcher School of Law and Diplomacy. His career experience includes working with the Environmental Protection Agency during the George H.W. Bush administration and as an advisor to former U.S. Representative Bob Franks, a firefighter, and an emergency medical technician. Kean has served as the vice president of a fire department.

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.