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

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Microsoft Co. (NASDAQ:MSFT). In a filing disclosed on December 27th, the Representative disclosed that they had bought between $1,001 and $15,000 in Microsoft stock on December 24th.

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

• Purchased $1,001 – $15,000 in shares of Norfolk Southern (NYSE:NSC) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of Applied Materials (NASDAQ:AMAT) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of Gilead Sciences (NASDAQ:GILD) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of Adobe (NASDAQ:ADBE) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of Eli Lilly and Company (NYSE:LLY) on 12/24/2024.
• Purchased $1,001 – $15,000 in shares of Hershey (NYSE:HSY) on 12/24/2024.

Microsoft Stock Performance

Shares of MSFT traded down $1.28 during trading hours on Tuesday, hitting $423.55. The company had a trading volume of 2,877,823 shares, compared to its average volume of 20,548,330. The firm has a market cap of $3.15 trillion, a price-to-earnings ratio of 34.95, a PEG ratio of 2.37 and a beta of 0.90. 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 business has a fifty day moving average of $428.90 and a 200-day moving average of $428.85. Microsoft Co. has a 12 month low of $366.50 and a 12 month high of $468.35.

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

Microsoft Dividend Announcement

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 paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio is currently 27.39%.

Microsoft declared that its board has approved a stock buyback plan on Monday, September 16th that authorizes the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization authorizes the software giant to purchase up to 1.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

MSFT has been the subject of a number of research analyst reports. Wells Fargo & Company reissued a “buy” rating on shares of Microsoft in a report on Friday, October 18th. Mizuho raised their price objective on Microsoft from $480.00 to $510.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Citigroup decreased their target price on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Finally, Loop Capital boosted their target price on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Three analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $509.90.

Insiders Place Their Bets

In other news, CMO Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction that occurred on 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 transaction, the chief marketing officer now directly owns 57,511 shares in the company, valued at approximately $23,850,961.92. This trade represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $417.00, for a total value of $10,425,000.00. Following the transaction, the executive vice president now directly owns 117,294 shares of the company’s stock, valued at approximately $48,911,598. This trade represents a 17.57 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,200 shares of company stock worth $17,383,892. 0.03% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Microsoft

Institutional investors and hedge funds have recently made changes to their positions in the business. WFA Asset Management Corp raised its holdings in Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after buying an additional 216 shares during the last quarter. Lynx Investment Advisory purchased a new stake in shares of Microsoft during the second quarter worth about $3,699,000. Magnolia Capital Management Ltd. raised its position in Microsoft by 1.9% during the 2nd quarter. Magnolia Capital Management Ltd. now owns 6,489 shares of the software giant’s stock valued at $2,900,000 after purchasing an additional 120 shares during the last quarter. Baker Ellis Asset Management LLC raised its holdings in shares of Microsoft by 4.4% during the second quarter. Baker Ellis Asset Management LLC now owns 55,964 shares of the software giant’s stock valued at $25,013,000 after acquiring an additional 2,373 shares in the last quarter. Finally, Value Partners Investments Inc. boosted its holdings in Microsoft by 1.9% in the second quarter. Value Partners Investments Inc. now owns 50,742 shares of the software giant’s stock valued at $22,679,000 after acquiring an additional 969 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.