Jared Moskowitz, the congressional representative from Florida's 23rd district, has recently made a series of trades in his Morgan Stanley Active Assets account. The transactions, which took place on July 5th, 2024, and were reported on July 31st, 2024, involved a number of high-profile companies.
Among the purchases, Moskowitz bought stocks in Abbott Laboratories (NYSE:ABT), Amazon.com, Inc. (NASDAQ:AMZN), Broadcom Inc. (NASDAQ:AVGO), Chubb Limited (NYSE:NYSE:CB), JP Morgan Chase & Co. (NYSE:NYSE:JPM), Oracle Corporation (NYSE:NYSE:ORCL), Sherwin-Williams Company (NYSE:NYSE:SHW), Southern Company (NYSE:NYSE:SO), and Waste Management, Inc. (NYSE:NYSE:WM). The value of each purchase was reported to be within the range of $1,001 to $15,000.
In the same period, Moskowitz also sold stocks in several companies. These included Allstate Corporation (NYSE:NYSE:ALL), Comcast Corporation - Class A (NASDAQ:CMCSA), FactSet Research Systems Inc. (NYSE:FDS), Lowe's Companies, Inc. (NYSE:LOW), Mastercard Incorporated (NYSE:NYSE:MA), Mondelez (NASDAQ:MDLZ) International, Inc. - Class A (NASDAQ:MDLZ), Northrop Grumman Corporation (NYSE:NYSE:NOC), PNC Financial Services Group, Inc. (NYSE:NYSE:PNC), Snap-On Incorporated (NYSE:NYSE:SNA), Toronto Dominion Bank (NYSE:NYSE:TD), WEC Energy Group, Inc. (NYSE:NYSE:WEC), and Zoetis Inc . Class A (NYSE:NYSE:ZTS). Each of these sales was also reported to be within the range of $1,001 to $15,000.
All of these transactions are part of Moskowitz's investment strategy in his Morgan Stanley Active Assets account. It is worth noting that these transactions do not necessarily reflect Moskowitz's personal views on the companies involved, but rather, they are part of his broader investment strategy.
InvestingPro Insights
Amidst the flurry of trading activity by Congressman Jared Moskowitz, Morgan Stanley (NYSE:MS) stands out as a noteworthy entity, given its role as the financial institution where the transactions were executed. As per recent data, Morgan Stanley has demonstrated a robust financial performance, with a market cap of $163.23 billion and a steady revenue growth of 5.5% over the last twelve months as of Q2 2024. This growth is further highlighted by an impressive gross profit margin of 86.53%.
An InvestingPro Tip that resonates with the congressman's strategy is Morgan Stanley's history of consistent dividend payments, having maintained them for 32 consecutive years. This could be a signal of the company's stability and commitment to shareholder returns, aligning with an investment approach that values reliability. Moreover, analysts have revised their earnings upwards for the upcoming period, indicating a positive outlook on Morgan Stanley's financial prospects.
For investors seeking deeper insights into Morgan Stanley, InvestingPro offers a wealth of additional tips. Currently, there are 10 more InvestingPro Tips available, which can provide a more comprehensive understanding of the company's investment potential. These tips can be accessed by visiting the InvestingPro platform at https://www.investing.com/pro/MS.
Notably, Morgan Stanley's P/E ratio stands at 16.5, which, coupled with a PEG ratio of 2.45, suggests that the stock is trading at a high price relative to near-term earnings growth. However, the company's significant return over the last five years and a decade indicates a strong historical performance, which might be a factor in its selection within the congressman's investment portfolio.
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