Sen. Tommy Tuberville Sells Microsoft Co. (NASDAQ:MSFT) Stock

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 Trading Down 2.8 %

NASDAQ:MSFT opened at $415.00 on Friday. The firm has a market capitalization of $3.09 trillion, a PE ratio of 34.24, a price-to-earnings-growth ratio of 2.25 and a beta of 0.91. The business’s 50-day moving average is $422.08 and its two-hundred day moving average is $425.44. Microsoft Co. has a 12 month low of $362.90 and a 12 month high of $468.35. 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 (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The business had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. During the same quarter in the prior year, the firm earned $2.99 EPS. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. Research analysts predict that Microsoft Co. will post 12.94 earnings per share for the current fiscal year.

Microsoft declared that its board has approved a share repurchase 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 an indication that the company’s board of directors believes its stock is undervalued.

Microsoft Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a $0.83 dividend. This is a boost from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, November 21st. Microsoft’s payout ratio is presently 27.39%.

Hedge Funds Weigh In On Microsoft

Several institutional investors have recently made changes to their positions in the stock. WFA Asset Management Corp boosted its holdings in Microsoft by 27.0% during the first 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 period. First Trust Direct Indexing L.P. lifted its stake in shares of Microsoft by 16.9% in the first quarter. First Trust Direct Indexing L.P. now owns 189,809 shares of the software giant’s stock valued at $79,856,000 after buying an additional 27,415 shares during the period. Legacy Wealth Asset Management LLC lifted its stake in shares of Microsoft by 3.5% in the first quarter. Legacy Wealth Asset Management LLC now owns 829 shares of the software giant’s stock valued at $349,000 after buying an additional 28 shares during the period. Accel Wealth Management lifted its stake in shares of Microsoft by 12.1% in the first quarter. Accel Wealth Management now owns 7,047 shares of the software giant’s stock valued at $2,965,000 after buying an additional 758 shares during the period. Finally, RBA Wealth Management LLC lifted its stake in shares of Microsoft by 5.0% in the first quarter. RBA Wealth Management LLC now owns 20,602 shares of the software giant’s stock valued at $8,668,000 after buying an additional 983 shares during the period. 71.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MSFT has been the topic of several research reports. Piper Sandler reiterated an “overweight” rating and issued a $470.00 price objective on shares of Microsoft in a research note on Thursday, October 31st. BMO Capital Markets lowered their target price on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research note on Tuesday, November 5th. KeyCorp raised their target price on shares of Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Finally, Sanford C. Bernstein lowered their target price on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-six have issued a buy rating to the stock. According to MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus target price of $503.03.

Insider Activity at Microsoft

In other Microsoft news, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction on Tuesday, November 12th. The shares were 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 owns 103,366 shares of the company’s stock, valued at approximately $43,792,039.56. The trade was a 6.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the transaction, the chief marketing officer now directly owns 50,000 shares in the company, valued at approximately $20,552,000. This represents a 4.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 197,829 shares of company stock worth $80,966,837. Company insiders own 0.03% 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.