Huntington National Bank Sells 184 Shares of Moody’s Co. (NYSE:MCO)

Huntington National Bank lessened its position in shares of Moody’s Co. (NYSE:MCO) by 2.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,798 shares of the business services provider’s stock after selling 184 shares during the period. Huntington National Bank’s holdings in Moody’s were worth $1,868,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Moody’s by 2.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 92,353 shares of the business services provider’s stock valued at $19,533,000 after buying an additional 2,435 shares during the last quarter. Blue Edge Capital LLC raised its position in shares of Moody’s by 40.3% in the first quarter. Blue Edge Capital LLC now owns 10,840 shares of the business services provider’s stock valued at $2,293,000 after purchasing an additional 3,111 shares during the period. Pictet & Cie Europe SA increased its holdings in Moody’s by 18.7% during the 1st quarter. Pictet & Cie Europe SA now owns 8,808 shares of the business services provider’s stock worth $1,863,000 after acquiring an additional 1,388 shares during the period. Wellington Management Group LLP increased its holdings in Moody’s by 55.3% during the 1st quarter. Wellington Management Group LLP now owns 103,525 shares of the business services provider’s stock worth $21,895,000 after acquiring an additional 36,869 shares during the period. Finally, Cigna Investments Inc. New increased its holdings in Moody’s by 9.2% during the 1st quarter. Cigna Investments Inc. New now owns 4,746 shares of the business services provider’s stock worth $1,004,000 after acquiring an additional 400 shares during the period. 90.27% of the stock is owned by institutional investors and hedge funds.

NYSE MCO traded down $2.47 on Friday, reaching $281.30. 925,639 shares of the stock were exchanged, compared to its average volume of 575,974. Moody’s Co. has a one year low of $164.19 and a one year high of $296.66. The firm has a market capitalization of $52.74 billion, a PE ratio of 34.90, a PEG ratio of 3.14 and a beta of 1.19. The company’s 50-day simple moving average is $281.46 and its two-hundred day simple moving average is $255.09. The company has a current ratio of 2.10, a quick ratio of 1.70 and a debt-to-equity ratio of 9.17.

Moody’s (NYSE:MCO) last released its earnings results on Thursday, July 30th. The business services provider reported $2.81 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.55. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Moody’s had a net margin of 33.38% and a return on equity of 204.46%. The firm’s revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the business earned $2.07 EPS. Sell-side analysts forecast that Moody’s Co. will post 9.07 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Wednesday, August 19th. Moody’s’s dividend payout ratio (DPR) is presently 27.02%.

In other news, insider Stephen T. Tulenko sold 2,000 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $253.22, for a total transaction of $506,440.00. Following the completion of the sale, the insider now directly owns 11,544 shares of the company’s stock, valued at $2,923,171.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Raymond W. Mcdaniel sold 7,500 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $245.64, for a total transaction of $1,842,300.00. Following the sale, the chief executive officer now directly owns 242,131 shares of the company’s stock, valued at $59,477,058.84. The disclosure for this sale can be found here. Insiders have sold 60,727 shares of company stock valued at $16,235,465 over the last ninety days. 0.79% of the stock is owned by insiders.

A number of equities analysts have commented on MCO shares. Credit Suisse Group reissued a “buy” rating and issued a $330.00 price target on shares of Moody’s in a research note on Tuesday, July 28th. UBS Group upped their price target on shares of Moody’s from $344.00 to $358.00 and gave the company a “buy” rating in a report on Friday. Wells Fargo & Co upped their price objective on shares of Moody’s from $210.00 to $215.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Morgan Stanley decreased their price objective on shares of Moody’s from $278.00 to $275.00 and set an “equal weight” rating for the company in a report on Friday. Finally, Oppenheimer initiated coverage on shares of Moody’s in a research note on Monday, May 18th. They issued an “outperform” rating and a $290.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $290.75.

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

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