McGlone Suttner Wealth Management Inc. Raises Stake in Moody’s Co. (NYSE:MCO)

McGlone Suttner Wealth Management Inc. increased its stake in Moody’s Co. (NYSE:MCO) by 3.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 746 shares of the business services provider’s stock after purchasing an additional 23 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in Moody’s were worth $353,000 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. Planning Capital Management Corp increased its holdings in Moody’s by 566.7% in the third quarter. Planning Capital Management Corp now owns 60 shares of the business services provider’s stock valued at $29,000 after buying an additional 51 shares in the last quarter. Larson Financial Group LLC increased its stake in Moody’s by 272.2% in the 3rd quarter. Larson Financial Group LLC now owns 67 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 49 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in Moody’s during the third quarter worth $36,000. Asset Dedication LLC grew its holdings in Moody’s by 83.0% in the third quarter. Asset Dedication LLC now owns 86 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 39 shares during the last quarter. Finally, Albion Financial Group UT purchased a new position in shares of Moody’s in the fourth quarter valued at $45,000. Institutional investors and hedge funds own 92.11% of the company’s stock.

Insider Buying and Selling

In related news, SVP Caroline Sullivan sold 1,681 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $462.40, for a total transaction of $777,294.40. Following the completion of the sale, the senior vice president now owns 1,415 shares of the company’s stock, valued at approximately $654,296. This represents a 54.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert Fauber sold 281 shares of Moody’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $474.86, for a total transaction of $133,435.66. Following the transaction, the chief executive officer now directly owns 61,894 shares in the company, valued at approximately $29,390,984.84. This trade represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,524 shares of company stock valued at $1,178,413. 0.07% of the stock is currently owned by company insiders.

Moody’s Trading Up 0.3 %

Shares of MCO stock opened at $485.84 on Friday. Moody’s Co. has a 1-year low of $360.05 and a 1-year high of $503.95. The firm’s 50-day simple moving average is $480.61 and its 200-day simple moving average is $472.19. The firm has a market cap of $88.03 billion, a P/E ratio of 44.37, a PEG ratio of 2.82 and a beta of 1.30. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.67 and a quick ratio of 1.67.

Moody’s (NYSE:MCO) last announced its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $3.21 earnings per share for the quarter, beating analysts’ consensus estimates of $2.89 by $0.32. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.71 billion. Moody’s had a net margin of 29.05% and a return on equity of 57.97%. Moody’s’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same quarter last year, the business earned $2.43 EPS. As a group, equities analysts forecast that Moody’s Co. will post 12.39 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MCO shares. Stifel Nicolaus increased their price objective on shares of Moody’s from $454.00 to $459.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. Robert W. Baird raised their price objective on shares of Moody’s from $490.00 to $512.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. UBS Group upped their target price on Moody’s from $495.00 to $510.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Oppenheimer raised their price target on Moody’s from $543.00 to $545.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Finally, StockNews.com upgraded Moody’s from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $507.36.

Moody’s Profile

Moody’s Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody’s Analytics and Moody’s Investors Services. The Moody’s Analytics segment develops a range of products and services that support the risk management activities of institutional participants in financial markets.