Moody’s (NYSE:MCO) had its target price upped by UBS Group from $198.00 to $200.00 in a report released on Wednesday, Stock Target Advisor reports. The brokerage currently has a neutral rating on the business services provider’s stock.
Several other analysts have also recently issued reports on MCO. Morgan Stanley upped their target price on from GBX 1,430 ($18.69) to GBX 1,560 ($20.38) and gave the company an equal weight rating in a report on Tuesday, June 11th. ValuEngine upgraded Yara International ASA from a sell rating to a hold rating in a report on Tuesday, March 19th. Piper Jaffray Companies set a $16.00 target price on WPX Energy and gave the company a buy rating in a report on Friday, April 5th. BMO Capital Markets upgraded Gold Fields from a market perform rating to an outperform rating in a report on Thursday, April 25th. Finally, Wells Fargo & Co upgraded California Water Service Group to a market perform rating in a report on Thursday, April 25th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The company has a consensus rating of Hold and an average price target of $189.18.
Shares of NYSE:MCO opened at $205.31 on Wednesday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 17.70. The company has a fifty day moving average of $192.86. The stock has a market cap of $38.93 billion, a PE ratio of 27.78, a P/E/G ratio of 1.97 and a beta of 1.25. Moody’s has a 52-week low of $129.26 and a 52-week high of $205.34.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Monday, August 19th. Moody’s’s dividend payout ratio is presently 27.06%.
In other news, CEO Raymond W. Mcdaniel sold 7,500 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $198.46, for a total transaction of $1,488,450.00. Following the completion of the transaction, the chief executive officer now directly owns 212,794 shares in the company, valued at approximately $42,231,097.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Raymond W. Mcdaniel sold 55,422 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $182.23, for a total value of $10,099,551.06. Following the transaction, the insider now owns 275,716 shares of the company’s stock, valued at $50,243,726.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 147,854 shares of company stock valued at $27,854,940. Company insiders own 0.90% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC raised its position in Moody’s by 13.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 69,659 shares of the business services provider’s stock valued at $13,605,000 after purchasing an additional 8,055 shares in the last quarter. Smith Salley & Associates raised its position in Moody’s by 6.4% in the 2nd quarter. Smith Salley & Associates now owns 2,646 shares of the business services provider’s stock valued at $517,000 after purchasing an additional 160 shares in the last quarter. NN Investment Partners Holdings N.V. raised its position in Moody’s by 1.3% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 757,802 shares of the business services provider’s stock valued at $148,006,000 after purchasing an additional 9,967 shares in the last quarter. Xact Kapitalforvaltning AB raised its position in Moody’s by 4.9% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 36,472 shares of the business services provider’s stock valued at $7,123,000 after purchasing an additional 1,700 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Moody’s in the 2nd quarter valued at about $576,000. 92.80% of the stock is currently owned by hedge funds and other institutional investors.
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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