🔺 What to do when markets are at an all-time high? Find smart bargains, like these.See Undervalued Stocks

Josh Gottheimer makes numerous trades in Morgan Stanley accounts

EditorAhmed Abdulazez Abdulkadir
Published 13-09-2024, 03:26 pm
© Reuters
GS
-
MS
-


In a recent congressional trade report, it was revealed that Josh Gottheimer, the congress member from New Jersey's 5th congressional district, has made a series of stock transactions. The trades were conducted through two investment accounts held with Morgan Stanley (NYSE:MS), namely the Select UMA Account # 1 and the Portfolio Management Active Assets Account.


The transactions involved several high-profile companies. Gottheimer purchased stocks from Abbott Laboratories (NYSE:ABT), Apple Inc. (NASDAQ:AAPL), Berkshire Hathaway Inc . (NYSE:BRKa) (NYSE:BRK.B), Coca-Cola Company (NYSE:NYSE:KO), First Watch Restaurant Group, Inc. (NASDAQ:FWRG), Goldman Sachs Group , Inc. (NYSE:NYSE:GS), ServiceNow, Inc. (NYSE:NYSE:NOW), Spotify (NYSE:SPOT) Technology S.A. (NYSE:SPOT), Starbucks Corporation (NASDAQ:SBUX), and Tandem Diabetes Care, Inc. (NASDAQ:TNDM). Each purchase fell within the range of $1,001 to $15,000.


In addition to these purchases, Gottheimer sold stocks from Advanced Micro Devices, Inc. (NASDAQ:AMD), Air Products and Chemicals, Inc. (NYSE:NYSE:APD), BioNTech SE (NASDAQ:BNTX), Booking Holdings Inc. (NASDAQ:BKNG), Chuy's Holdings, Inc. (NASDAQ:CHUY), Eaton Corporation PLC (NYSE:NYSE:ETN), Haier Smart Home U/ADR (OTCMKTS:HSHCY), Jabil Inc. (NYSE:JBL), Lowe's Companies, Inc. (NYSE:NYSE:LOW), Marriott International (NASDAQ:MAR), Norfolk Southern Corporation (NYSE:NYSE:NSC), Oracle Corporation (NYSE:NYSE:ORCL), Shopify Inc . (NYSE:NYSE:SHOP), Synopsys, Inc. (NASDAQ:SNPS), Tesla, Inc. (NASDAQ:TSLA), Texas Instruments Incorporated (NASDAQ:TXN), and Uber Technologies, Inc. (NYSE:NYSE:UBER). These sales also fell within the $1,001 to $15,000 range, with the exception of partial sales of some stocks.


Notably, Gottheimer also engaged in options trading with Microsoft Corporation's stocks (NASDAQ:MSFT), both purchasing and selling options. The transactions, which involved call options with a strike price of $225 and an expiration date of 12/19/2025, were each valued between $15,001 and $50,000.


The transactions were all filed as new with the Legislative Resource Center and all took place between August 1, 2024, and August 30, 2024. These trades provide a snapshot of Gottheimer's investment activity during this period, offering insight into the financial decisions of this congressional member.


InvestingPro Insights


As Congress member Josh Gottheimer delves into the stock market, it's noteworthy to consider the financial health and market performance of Morgan Stanley (NYSE:MS), through which his transactions were conducted. Morgan Stanley, a leading firm in the Capital Markets industry, has demonstrated a strong commitment to returning value to shareholders, as evidenced by raising its dividend for 10 consecutive years and maintaining payments for over three decades. This aligns with Gottheimer's investment activity, potentially indicating a strategy focused on stable and reliable returns.


InvestingPro data highlights Morgan Stanley's robust financial position with a market capitalization of $156.04 billion and a price-to-earnings (P/E) ratio of 15.73, suggesting a market valuation that reflects its earnings potential. The company's revenue growth has been positive, with a 5.5% increase over the last twelve months as of Q2 2024. Moreover, Morgan Stanley's dividend yield stands at an attractive 3.83%, further underscoring its appeal to investors seeking income alongside capital gains.


InvestingPro Tips indicate that analysts remain optimistic about Morgan Stanley's prospects, with seven analysts revising their earnings expectations upwards for the upcoming period. This sentiment is supported by the company's solid performance history, including profitability over the last twelve months and a strong return over the last five years. For investors interested in a more comprehensive analysis, InvestingPro offers additional tips on Morgan Stanley, which can be found at InvestingPro.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.