Microsoft (NASDAQ:MSFT) Shares Unloaded Sen. Tommy Tuberville

Senator Tommy Tuberville (R-Alabama) recently sold shares of Microsoft Co. NASDAQ: MSFT. In a filing disclosed on November 15th, the Senator disclosed that they had sold between $15,001 and $50,000 in Microsoft stock on October 29th.

Senator Tommy Tuberville also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Travelers Companies NYSE: TRV on 10/29/2024.
• Sold $15,001 - $50,000 in shares of Apple NASDAQ: AAPL on 10/29/2024.
• Sold $15,001 - $50,000 in shares of Johnson & Johnson NYSE: JNJ on 10/29/2024.
• Sold $15,001 - $50,000 in shares of Kimberly-Clark NYSE: KMB on 10/29/2024.
• Sold $1,001 - $15,000 in shares of Corteva NYSE: CTVA on 10/29/2024.
• Sold $15,001 - $50,000 in shares of Honeywell International NASDAQ: HON on 10/29/2024.
• Sold $15,001 - $50,000 in shares of Owens Corning NYSE: OC on 10/29/2024.
• Sold $15,001 - $50,000 in shares of Adobe NASDAQ: ADBE on 10/29/2024.
• Sold $15,001 - $50,000 in shares of McDonald's NYSE: MCD on 10/29/2024.
• Sold $15,001 - $50,000 in shares of Medtronic NYSE: MDT on 8/26/2024.

Microsoft Stock Down 2.8 %

Shares of NASDAQ:MSFT opened at $415.00 on Friday. The firm has a fifty day moving average price of $422.08 and a two-hundred day moving average price of $425.44. The company has a market cap of $3.09 trillion, a price-to-earnings ratio of 34.24, a PEG ratio of 2.25 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 one year low of $362.90 and a one year high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) 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 analyst estimates of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The firm's quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the company earned $2.99 earnings per share. Analysts anticipate that Microsoft Co. will post 12.94 EPS for the current fiscal year.

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

Microsoft Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a $0.83 dividend. This is a positive change from Microsoft's previous quarterly dividend of $0.75. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Thursday, November 21st. Microsoft's dividend payout ratio (DPR) is 27.39%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on MSFT shares. Morgan Stanley boosted their price objective on Microsoft from $506.00 to $548.00 and gave the stock an "overweight" rating in a report on Thursday, October 31st. Wedbush reissued an "underperform" rating on shares of Microsoft in a report on Friday, October 18th. BMO Capital Markets dropped their price objective on shares of Microsoft from $500.00 to $495.00 and set an "outperform" rating for the company in a report on Thursday, October 31st. DA Davidson cut Microsoft from a "buy" rating to a "neutral" rating and set a $475.00 target price on the stock. in a research note on Monday, September 23rd. Finally, KeyCorp raised their price objective on Microsoft from $490.00 to $505.00 and gave the company an "overweight" rating in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $503.03.

Insider Buying and Selling at Microsoft

In related news, insider Bradford L. Smith sold 40,000 shares of Microsoft stock in a transaction on Monday, September 9th. The stock was sold at an average price of $402.59, for a total value of $16,103,600.00. Following the completion of the sale, the insider now owns 544,847 shares of the company's stock, valued at $219,349,953.73. The trade was a 6.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Satya Nadella sold 78,353 shares of the business's stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total value of $32,017,386.39. Following the sale, the chief executive officer now owns 864,327 shares of the company's stock, valued at approximately $353,189,942.01. This represents a 8.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 197,829 shares of company stock worth $80,966,837. 0.03% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Microsoft

Several hedge funds and other institutional investors have recently modified their holdings of MSFT. Christopher J. Hasenberg Inc increased its stake in shares of Microsoft by 169.2% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant's stock worth $31,000 after acquiring an additional 44 shares in the last quarter. Quarry LP bought a new position in shares of Microsoft during the second quarter valued at approximately $45,000. MidAtlantic Capital Management Inc. purchased a new stake in shares of Microsoft in the 3rd quarter worth approximately $62,000. Innealta Capital LLC purchased a new position in Microsoft during the second quarter valued at $75,000. Finally, Bellevue Group AG raised its position in shares of Microsoft by 47.5% in the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant's stock worth $76,000 after purchasing an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

About Senator Tuberville

Tommy Tuberville (Republican Party) (also known as Coach) is a member of the U.S. Senate from Alabama. He assumed office on January 3, 2021. His current term ends on January 3, 2027. Tuberville (Republican Party) ran for election to the U.S. Senate to represent Alabama. He won in the general election on November 3, 2020. Tuberville was head coach for several college football teams between 1995 and 2016, including at Auburn University and the University of Cincinnati. Tommy Tuberville was born in Camden, Arkansas, and lives in Auburn, Alabama. Tuberville's career experience includes working as a studio analyst with ESPN and as the head football coach of the University of Mississippi, the University of Auburn, Texas Tech University, and the University of Cincinnati.

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.