Moody’s Co. (NYSE:MCO) SVP Caroline Sullivan Sells 326 Shares of Stock

Moody’s Co. (NYSE:MCOGet Rating) SVP Caroline Sullivan sold 326 shares of the stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $310.68, for a total value of $101,281.68. Following the completion of the transaction, the senior vice president now owns 1,806 shares of the company’s stock, valued at $561,088.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Moody’s Stock Down 0.7 %

Moody’s stock opened at $311.07 on Friday. Moody’s Co. has a 1-year low of $251.01 and a 1-year high of $407.94. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market cap of $57.08 billion, a PE ratio of 33.59, a P/E/G ratio of 3.00 and a beta of 1.20. The stock’s fifty day moving average is $283.14 and its two-hundred day moving average is $308.68.

Moody’s (NYSE:MCOGet Rating) last posted its quarterly earnings results on Tuesday, July 26th. The business services provider reported $2.22 earnings per share for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). The business 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 firm’s quarterly revenue was down 11.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.22 earnings per share. On average, sell-side analysts expect that Moody’s Co. will post 9.48 EPS for the current fiscal year.

Moody’s Dividend Announcement

The company also recently disclosed 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. This represents a $2.80 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Thursday, August 18th. Moody’s’s payout ratio is 30.24%.

Hedge Funds Weigh In On Moody’s

Hedge funds have recently made changes to their positions in the company. American National Bank grew its holdings in shares of Moody’s by 177.1% during the first quarter. American National Bank now owns 97 shares of the business services provider’s stock worth $33,000 after purchasing an additional 62 shares during the last quarter. City State Bank purchased a new position in shares of Moody’s during the fourth quarter worth about $35,000. Tcwp LLC purchased a new position in shares of Moody’s during the first quarter worth about $38,000. Confluence Wealth Services Inc. purchased a new position in shares of Moody’s during the fourth quarter worth about $45,000. Finally, Vigilant Capital Management LLC purchased a new position in shares of Moody’s during the second quarter worth about $33,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Deutsche Bank Aktiengesellschaft decreased their price target on Moody’s from $372.00 to $324.00 in a research note on Thursday, June 2nd. Royal Bank of Canada decreased their price target on Moody’s from $344.00 to $329.00 in a research note on Tuesday, June 7th. Morgan Stanley decreased their price target on Moody’s from $298.00 to $283.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 27th. UBS Group decreased their price target on Moody’s from $308.00 to $288.00 and set a “neutral” rating on the stock in a research note on Monday, June 6th. Finally, BMO Capital Markets reduced their price objective on Moody’s from $331.00 to $309.00 in a research note on Thursday, June 2nd. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Moody’s presently has an average rating of “Moderate Buy” and an average price target of $329.25.

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.

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