Whetstone Capital Advisors LLC Cuts Stock Position in Moody’s Co. (NYSE:MCO)

Whetstone Capital Advisors LLC lowered its position in Moody’s Co. (NYSE:MCO) by 0.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,186 shares of the business services provider’s stock after selling 89 shares during the period. Moody’s makes up about 0.6% of Whetstone Capital Advisors LLC’s portfolio, making the stock its 26th largest position. Whetstone Capital Advisors LLC’s holdings in Moody’s were worth $3,042,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of MCO. BlackRock Inc. boosted its stake in Moody’s by 0.7% in the 4th quarter. BlackRock Inc. now owns 11,775,000 shares of the business services provider’s stock worth $3,417,576,000 after purchasing an additional 83,342 shares in the last quarter. Fiera Capital Corp boosted its stake in Moody’s by 3.1% in the 4th quarter. Fiera Capital Corp now owns 6,950,061 shares of the business services provider’s stock worth $2,017,186,000 after purchasing an additional 207,918 shares in the last quarter. Ninety One UK Ltd lifted its stake in Moody’s by 4.4% during the 1st quarter. Ninety One UK Ltd now owns 2,652,460 shares of the business services provider’s stock valued at $792,051,000 after acquiring an additional 112,665 shares during the period. Morgan Stanley lifted its stake in Moody’s by 8.5% during the 4th quarter. Morgan Stanley now owns 1,907,586 shares of the business services provider’s stock valued at $553,657,000 after acquiring an additional 148,846 shares during the period. Finally, Rothschild & Co Wealth Management UK Ltd lifted its stake in Moody’s by 3.4% during the 1st quarter. Rothschild & Co Wealth Management UK Ltd now owns 1,756,001 shares of the business services provider’s stock valued at $524,359,000 after acquiring an additional 58,549 shares during the period. 89.85% of the stock is currently owned by hedge funds and other institutional investors.

In other Moody’s news, CEO Robert Fauber sold 447 shares of the company’s stock in a transaction dated Thursday, April 1st. The shares were sold at an average price of $303.90, for a total value of $135,843.30. Following the transaction, the chief executive officer now owns 56,151 shares of the company’s stock, valued at $17,064,288.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John J. Goggins sold 11,527 shares of the company’s stock in a transaction dated Wednesday, March 17th. The shares were sold at an average price of $293.81, for a total transaction of $3,386,747.87. Following the completion of the transaction, the executive vice president now directly owns 19,473 shares in the company, valued at approximately $5,721,362.13. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,612 shares of company stock worth $6,980,658. Corporate insiders own 0.50% of the company’s stock.

Shares of Moody’s stock traded up $2.19 during trading hours on Friday, reaching $342.15. 4,482 shares of the company’s stock were exchanged, compared to its average volume of 766,032. Moody’s Co. has a 1 year low of $253.17 and a 1 year high of $340.63. The stock has a market capitalization of $64.05 billion, a P/E ratio of 31.86, a P/E/G ratio of 2.96 and a beta of 1.17. The firm has a fifty day moving average price of $326.31. The company has a debt-to-equity ratio of 2.85, a current ratio of 2.18 and a quick ratio of 2.18.

Moody’s (NYSE:MCO) last released its earnings results on Wednesday, April 28th. The business services provider reported $4.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.80 by $1.26. Moody’s had a net margin of 35.66% and a return on equity of 125.60%. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the firm earned $2.73 earnings per share. The company’s revenue for the quarter was up 24.0% compared to the same quarter last year. As a group, research analysts anticipate that Moody’s Co. will post 11.33 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 10th. Stockholders of record on Thursday, May 20th were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Wednesday, May 19th. This represents a $2.48 annualized dividend and a dividend yield of 0.72%. Moody’s’s payout ratio is 24.43%.

MCO has been the subject of several research reports. Morgan Stanley lifted their price objective on shares of Moody’s from $301.00 to $322.00 and gave the company an “equal weight” rating in a research note on Thursday, April 29th. Argus lifted their price objective on shares of Moody’s from $325.00 to $375.00 and gave the company a “buy” rating in a research note on Wednesday, May 5th. Raymond James upgraded shares of Moody’s from a “market perform” rating to an “outperform” rating and set a $337.00 price objective for the company in a research note on Thursday, April 1st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Moody’s from $315.00 to $325.00 and gave the company a “hold” rating in a research note on Thursday, April 29th. Finally, Oppenheimer boosted their target price on shares of Moody’s from $337.00 to $357.00 and gave the company an “outperform” rating in a research note on Thursday, April 29th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $332.67.

Moody’s Profile

Moody's Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings and provides assessment services on various debt obligations, programs and facilities, and entities that issue such obligations, such as various corporate, financial institution, and governmental obligations; and structured finance securities.

See Also: Special Purpose Acquisition Company (SPAC)

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Institutional Ownership by Quarter for Moody`s (NYSE:MCO)

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