Parametric Portfolio Associates LLC decreased its position in shares of Moody’s Co. (NYSE:MCO) by 2.1% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 951,611 shares of the business services provider’s stock after selling 20,769 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.50% of Moody’s worth $185,859,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the stock. Krane Funds Advisors LLC purchased a new position in shares of Moody’s in the 2nd quarter worth $25,000. Capital Investment Advisory Services LLC increased its stake in Moody’s by 203.6% during the second quarter. Capital Investment Advisory Services LLC now owns 167 shares of the business services provider’s stock worth $34,000 after acquiring an additional 112 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in Moody’s during the second quarter worth approximately $37,000. Ibex Wealth Advisors purchased a new stake in Moody’s during the second quarter valued at approximately $41,000. Finally, Resources Investment Advisors Inc. purchased a new stake in Moody’s during the first quarter valued at approximately $40,000. 90.18% of the stock is owned by institutional investors.
A number of equities analysts have recently commented on MCO shares. Barclays reiterated a “buy” rating on shares of Moody’s in a report on Sunday, August 4th. Morgan Stanley increased their price target on Moody’s from $170.00 to $173.00 and gave the company an “underweight” rating in a report on Tuesday. UBS Group lifted their price objective on shares of Moody’s from $200.00 to $215.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Stifel Nicolaus boosted their price objective on shares of Moody’s from $214.00 to $228.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Finally, Argus raised their price target on Moody’s to $240.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. Moody’s presently has an average rating of “Hold” and an average price target of $201.09.
In other news, insider Mark Almeida sold 27,236 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $207.06, for a total value of $5,639,486.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Raymond W. Mcdaniel sold 7,500 shares of Moody’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $212.89, for a total transaction of $1,596,675.00. Following the completion of the transaction, the insider now directly owns 205,294 shares in the company, valued at approximately $43,705,039.66. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,957 shares of company stock valued at $9,516,105. 0.90% of the stock is owned by company insiders.
NYSE:MCO traded up $0.50 during mid-day trading on Wednesday, reaching $211.96. The company’s stock had a trading volume of 54,072 shares, compared to its average volume of 633,220. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 10.04. Moody’s Co. has a 1 year low of $129.26 and a 1 year high of $222.85. The stock has a fifty day moving average of $212.12 and a 200-day moving average of $193.94. The firm has a market capitalization of $41.13 billion, a PE ratio of 28.70 and a beta of 1.24.
Moody’s (NYSE:MCO) last posted its quarterly earnings results on Wednesday, July 31st. The business services provider reported $2.07 EPS for the quarter, beating the consensus estimate of $1.98 by $0.09. Moody’s had a net margin of 27.66% and a return on equity of 266.42%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the business posted $2.04 EPS. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, analysts expect that Moody’s Co. will post 8.03 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date was Monday, August 19th. Moody’s’s dividend payout ratio (DPR) is 27.06%.
Moody’s Company Profile
Moody's Corporation provides credit ratings; and credit, capital markets, and economic research, data, and analytical tools worldwide. It operates through two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings on various debt obligations and entities that issue such obligations, such as various corporate and governmental obligations, structured finance securities, and commercial paper programs.
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