Rep. Thomas H. Kean, Jr. Buys Microsoft Co. (NASDAQ:MSFT) Stock

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 Crown (NYSE:CCK) on 1/7/2025.
• 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 Price Performance

Shares of MSFT opened at $408.25 on Friday. Microsoft Co. has a twelve month low of $385.58 and a twelve month high of $468.35. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $3.03 trillion, a price-to-earnings ratio of 32.87, a PEG ratio of 2.20 and a beta of 0.90. The firm’s fifty day simple moving average is $425.20 and its 200-day simple moving average is $422.69.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same period in the previous year, the firm earned $2.93 EPS. Equities analysts forecast that Microsoft Co. will post 13.07 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.81%. Microsoft’s payout ratio is 26.73%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Mizuho cut their price objective on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Loop Capital lifted their price target on shares of Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. UBS Group cut their price target on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $509.00 target price on shares of Microsoft in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and a consensus price target of $510.96.

Hedge Funds Weigh In On Microsoft

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Ball & Co Wealth Management Inc. acquired a new stake in Microsoft in the fourth quarter valued at $31,000. Fiduciary Advisors Inc. acquired a new stake in Microsoft in the 4th quarter valued at about $38,000. Christopher J. Hasenberg Inc grew its stake in Microsoft by 35.7% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after acquiring an additional 25 shares during the last quarter. Quarry LP acquired a new stake in shares of Microsoft in the second quarter valued at approximately $45,000. Finally, IFS Advisors LLC grew its position in shares of Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after purchasing an additional 35 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $430.87, for a total value of $1,077,175.00. Following the completion of the transaction, the chief marketing officer now directly owns 53,852 shares of the company’s stock, valued at $23,203,211.24. The trade was a 4.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have sold 8,000 shares of company stock worth $3,493,820 over the last ninety days. 0.03% of the stock is currently owned by insiders.

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.