Microsoft (NASDAQ:MSFT) Shares Purchased Rep. Thomas H. Kean, Jr.

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 Trading Up 0.3 %

Shares of MSFT stock opened at $416.13 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The firm has a fifty day moving average of $425.98 and a 200-day moving average of $422.79. Microsoft Co. has a 52-week low of $385.58 and a 52-week high of $468.35. The stock has a market cap of $3.09 trillion, a price-to-earnings ratio of 33.50, a P/E/G ratio of 2.17 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the business earned $2.93 earnings per share. On average, equities research analysts forecast that Microsoft Co. will post 13.07 earnings per share for the current fiscal year.

Microsoft Announces Dividend

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 issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is presently 26.73%.

Insider Activity

In other news, CMO Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $423.48, for a total transaction of $423,480.00. Following the transaction, the chief marketing officer now owns 56,511 shares in the company, valued at $23,931,278.28. The trade was a 1.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 8,000 shares of company stock valued at $3,493,820 in the last quarter. Company insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on MSFT shares. Truist Financial reiterated a “buy” rating and issued a $600.00 price target on shares of Microsoft in a research report on Monday, October 28th. StockNews.com raised shares of Microsoft from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. DA Davidson reissued a “neutral” rating and set a $425.00 price target on shares of Microsoft in a report on Thursday, January 30th. Mizuho decreased their price objective on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $520.00 price objective on shares of Microsoft in a report on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. Based on data from MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and an average price target of $510.96.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. WFA Asset Management Corp increased its stake in shares of Microsoft by 27.0% in the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after acquiring an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. increased its stake in Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after purchasing an additional 38 shares in the last quarter. Nicholas Investment Partners LP increased its stake in Microsoft by 3.0% in the second quarter. Nicholas Investment Partners LP now owns 39,743 shares of the software giant’s stock valued at $17,763,000 after purchasing an additional 1,164 shares in the last quarter. Advisor OS LLC raised its holdings in Microsoft by 7.2% in the second quarter. Advisor OS LLC now owns 37,802 shares of the software giant’s stock worth $16,896,000 after purchasing an additional 2,549 shares during the period. Finally, Sivia Capital Partners LLC boosted its position in shares of Microsoft by 2.0% during the second quarter. Sivia Capital Partners LLC now owns 19,577 shares of the software giant’s stock worth $8,750,000 after purchasing an additional 383 shares in the last quarter. Institutional investors and hedge funds 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.