Microsoft (NASDAQ:MSFT) Shares Acquired Rep. James Comer

15 Jan 2025, 17:35 by Michael Walen · The Markets Daily

Representative James Comer (R-Kentucky) recently bought shares of Microsoft Co. (NASDAQ:MSFT). In a filing disclosed on January 10th, the Representative disclosed that they had bought between $1,001 and $15,000 in Microsoft stock on January 2nd.

Representative James Comer also recently made the following trade(s):

Purchased $1,001 – $15,000 in shares of Arista Networks (NYSE:ANET) on 1/2/2025.
Purchased $1,001 – $15,000 in shares of Dover (NYSE:DOV) on 1/2/2025.
Purchased $1,001 – $15,000 in shares of PayPal (NASDAQ:PYPL) on 1/2/2025.
Purchased $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 1/2/2025.
Purchased $1,001 – $15,000 in shares of Uber Technologies (NYSE:UBER) on 1/2/2025.
Purchased $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 1/2/2025.
Purchased $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 1/2/2025.
Purchased $1,001 – $15,000 in shares of Amphenol (NYSE:APH) on 1/2/2025.
Purchased $1,001 – $15,000 in shares of Apple (NASDAQ:AAPL) on 1/2/2025.
Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 1/2/2025.

Microsoft Trading Up 2.2 %

Shares of MSFT stock traded up $9.34 on Wednesday, hitting $425.01. 6,396,695 shares of the company’s stock traded hands, compared to its average volume of 16,472,900. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. The stock has a market capitalization of $3.16 trillion, a price-to-earnings ratio of 35.07, a P/E/G ratio of 2.37 and a beta of 0.90. The company’s fifty day simple moving average is $429.08 and its 200 day simple moving average is $426.72. Microsoft Co. has a one year low of $384.81 and a one year high of $468.35.

Microsoft (NASDAQ:MSFT – Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The business had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. During the same period last year, the company earned $2.99 EPS. Microsoft’s revenue for the quarter was up 16.0% compared to the same quarter last year. Equities analysts forecast that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently declared 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. This represents a $3.32 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s payout ratio is currently 27.39%.

Insider Activity

In related news, EVP Christopher David Young sold 7,200 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the completion of the sale, the executive vice president now directly owns 103,366 shares in the company, valued at $43,792,039.56. This represents a 6.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CMO Takeshi Numoto sold 1,000 shares of the firm’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 completion of the sale, 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 41,200 shares of company stock valued at $17,383,892. Corporate insiders own 0.03% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Net Worth Advisory Group bought a new stake in shares of Microsoft during the third quarter worth $2,645,000. Oak Ridge Investments LLC lifted its holdings in Microsoft by 7.6% during the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock valued at $113,399,000 after buying an additional 18,544 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Microsoft by 1.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant’s stock valued at $882,816,000 after buying an additional 31,401 shares during the period. Jacobs & Co. CA grew its stake in Microsoft by 0.9% in the 3rd quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock worth $41,318,000 after acquiring an additional 880 shares in the last quarter. Finally, Focus Financial Network Inc. increased its position in shares of Microsoft by 2.0% during the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after acquiring an additional 1,489 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

MSFT has been the subject of several analyst reports. Loop Capital increased their price target on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Stifel Nicolaus boosted their price target on Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Citigroup cut their price objective on Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Morgan Stanley boosted their price objective on shares of Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Finally, Oppenheimer lowered shares of Microsoft from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $511.62.

Get Our Latest Analysis on MSFT

About Representative Comer

James Comer Jr. (Republican Party) is a member of the U.S. House, representing Kentucky’s 1st Congressional District. He assumed office on November 14, 2016. His current term ends on January 3, 2025. Comer (Republican Party) ran for re-election to the U.S. House to represent Kentucky’s 1st Congressional District. He won in the general election on November 8, 2022. Prior to serving in Congress, Comer was the Kentucky Commissioner of Agriculture from 2012 to 2016, and the Kentucky House of Representatives from 2001 to 2012. He also unsuccessfully ran for Governor of Kentucky in 2015. A writer for the Louisville Courier-Journal called Comer “instrumental in the final passage of a five-year farm bill,” noting that he served on the conference committee that produced the final version of the bill. Comer is from Tompkinsville, Ky. He acted as the director of South Central Bank for 12 years and has been the co-owner of the Comer Land and Cattle Company. He previously served as president of CFB Foods Incorporated from 2001 to 2003 and president of Comer and Polston Insurance Incorporated from 1993 to 1995.

Microsoft Company Profile

(Get Free Report)

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.