Moody’s Co. (NYSE:MCO) Shares Bought by Capital Advisors Ltd. LLC

Capital Advisors Ltd. LLC raised its holdings in shares of Moody’s Co. (NYSE:MCOGet Rating) by 74.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 568 shares of the business services provider’s stock after purchasing an additional 242 shares during the period. Capital Advisors Ltd. LLC’s holdings in Moody’s were worth $192,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MCO. BlackRock Inc. raised its stake in Moody’s by 5.8% in the fourth quarter. BlackRock Inc. now owns 11,818,749 shares of the business services provider’s stock valued at $4,616,166,000 after buying an additional 646,180 shares during the last quarter. State Street Corp increased its holdings in shares of Moody’s by 3.1% during the fourth quarter. State Street Corp now owns 7,416,456 shares of the business services provider’s stock valued at $2,896,719,000 after acquiring an additional 222,009 shares in the last quarter. Capital International Investors raised its position in shares of Moody’s by 0.5% in the 4th quarter. Capital International Investors now owns 5,399,363 shares of the business services provider’s stock valued at $2,108,927,000 after purchasing an additional 26,067 shares during the last quarter. Geode Capital Management LLC grew its position in Moody’s by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 2,782,039 shares of the business services provider’s stock worth $1,083,675,000 after purchasing an additional 68,502 shares during the last quarter. Finally, Deutsche Bank AG increased its position in shares of Moody’s by 4.9% in the 4th quarter. Deutsche Bank AG now owns 1,872,423 shares of the business services provider’s stock valued at $731,329,000 after acquiring an additional 86,997 shares during the period. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Moody’s Stock Down 0.7 %

Shares of NYSE MCO opened at $311.07 on Friday. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.39 and a current ratio of 1.39. The stock’s 50-day simple moving average is $283.14 and its 200-day simple moving average is $308.68. The firm has a market cap of $57.08 billion, a price-to-earnings ratio of 33.59, a PEG ratio of 3.00 and a beta of 1.20. Moody’s Co. has a 1 year low of $251.01 and a 1 year high of $407.94.

Moody’s (NYSE:MCOGet Rating) last issued its earnings results on Tuesday, July 26th. The business services provider reported $2.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.43 billion. Moody’s had a net margin of 28.92% and a return on equity of 71.12%. The business’s revenue for the quarter was down 11.1% compared to the same quarter last year. During the same quarter last year, the company posted $3.22 EPS. As a group, equities analysts anticipate that Moody’s Co. will post 9.48 earnings per share for the current fiscal year.

Moody’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Friday, August 19th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, August 18th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.90%. Moody’s’s dividend payout ratio (DPR) is 30.24%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. BMO Capital Markets reduced their price objective on Moody’s from $331.00 to $309.00 in a research note on Thursday, June 2nd. Robert W. Baird decreased their price target on shares of Moody’s from $363.00 to $342.00 in a research note on Tuesday, May 3rd. Royal Bank of Canada dropped their target price on Moody’s from $344.00 to $329.00 in a report on Tuesday, June 7th. UBS Group cut their price target on shares of Moody’s from $308.00 to $288.00 and set a “neutral” rating for the company in a report on Monday, June 6th. Finally, Credit Suisse Group reduced their price target on shares of Moody’s from $395.00 to $350.00 in a research note on Tuesday, May 3rd. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $329.25.

Insider Transactions at Moody’s

In related news, SVP Caroline Sullivan sold 326 shares of the stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $310.68, for a total transaction of $101,281.68. Following the sale, the senior vice president now owns 1,806 shares in the company, valued at $561,088.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, SVP Caroline Sullivan sold 326 shares of the company’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $310.68, for a total transaction of $101,281.68. Following the completion of the transaction, the senior vice president now directly owns 1,806 shares in the company, valued at approximately $561,088.08. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Michael L. West sold 780 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $310.53, for a total value of $242,213.40. Following the completion of the sale, the insider now owns 8,330 shares in the company, valued at $2,586,714.90. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

About Moody’s

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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, as well as and structured finance securities.

See Also

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

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