Pete Sessions trades Altria Group shares and invests in Microsoft and Nvidia By Investing.com

Pete Sessions, congressman from Texas’ 17th district, recently made significant shifts in his investment portfolio, according to a newly released Congressional trade report.

On September 10, 2024, Sessions sold shares of Altria Group, Inc. (NYSE:MO) valued between $1,001 and $15,000. Altria Group, a major player in the tobacco industry, has seen share price fluctuations in recent years due to changing consumer habits and regulatory challenges.

On the buy side, Sessions invested in two tech giants: Microsoft Corporation (NASDAQ:) and Nvidia (NASDAQ:) Corporation. He owned common stock in Microsoft (NASDAQ:MSFT) and Nvidia (NASDAQ:NVDA), with each transaction valued between $1,001 and $15,000. The purchases occurred on September 9 and 10, 2024, respectively.

Microsoft, a global leader in software, cloud services and hardware products, and Nvidia, a leading provider of graphics processing units (GPUs), have both shown strong performance on the stock market, reflecting the overall momentum of the technology sector.

All transactions were conducted through Trust One, an investment vehicle owned by Sessions. The report did not disclose any capital gains over $200 from these trades.

Under the Securities Act, members of Congress are required to disclose their financial transactions to ensure transparency and avoid potential conflicts of interest. This report provides insight into the investment strategy of one of the representatives.

It is important to emphasize that these transactions are not necessarily based on any particular economic opinion, but rather reflect Sessions’ personal investment decisions.

InvestingPro Insights

Microsoft Corporation (NASDAQ:MSFT) continues to be a solid choice for investors looking for stability in the technology sector. The company has an impressive track record of paying dividends. According to InvestingPro Tips, Microsoft has increased its dividend for 18 consecutive years, highlighting the company’s ability to consistently generate and return value to shareholders. In addition, the company’s stock is known for its low price volatility, which could be attractive to investors looking for less risky technology stocks.

From a financial perspective, InvestingPro data underscores Microsoft’s robust health. With a market capitalization of $3.2 billion and a high gross margin of nearly 69.76% in the last twelve months to Q4 2024, Microsoft demonstrated its ability to maintain profitability and operational efficiency. Additionally, revenue growth of 15.67% during the same period indicated the company’s continued relevance and competitiveness in the software industry.

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