Stephen T. Tulenko Sells 500 Shares of Moody’s Co. (NYSE:MCO) Stock

Moody’s Co. (NYSE:MCOGet Free Report) insider Stephen T. Tulenko sold 500 shares of the company’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $464.06, for a total transaction of $232,030.00. Following the sale, the insider now owns 6,647 shares of the company’s stock, valued at $3,084,606.82. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Moody’s Stock Up 0.8 %

NYSE:MCO opened at $464.45 on Wednesday. Moody’s Co. has a 1-year low of $298.86 and a 1-year high of $466.92. The company has a market capitalization of $84.81 billion, a PE ratio of 50.70, a P/E/G ratio of 2.87 and a beta of 1.28. The firm’s 50-day moving average price is $434.77 and its 200-day moving average price is $405.51. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.52 and a quick ratio of 1.52.

Moody’s (NYSE:MCOGet Free Report) last announced its quarterly earnings data on Tuesday, July 23rd. The business services provider reported $3.28 earnings per share for the quarter, topping analysts’ consensus estimates of $3.06 by $0.22. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Moody’s had a net margin of 28.34% and a return on equity of 57.03%. The business’s revenue was up 21.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.30 earnings per share. On average, equities analysts predict that Moody’s Co. will post 11.34 EPS for the current fiscal year.

Moody’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be paid a $0.85 dividend. The ex-dividend date is Friday, August 16th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.73%. Moody’s’s dividend payout ratio is currently 37.12%.

Hedge Funds Weigh In On Moody’s

Several large investors have recently modified their holdings of MCO. Daiwa Securities Group Inc. increased its stake in Moody’s by 21.3% during the 4th quarter. Daiwa Securities Group Inc. now owns 16,785 shares of the business services provider’s stock valued at $6,556,000 after purchasing an additional 2,942 shares in the last quarter. Treasurer of the State of North Carolina increased its position in shares of Moody’s by 4.2% during the fourth quarter. Treasurer of the State of North Carolina now owns 72,689 shares of the business services provider’s stock valued at $28,389,000 after acquiring an additional 2,933 shares in the last quarter. Public Employees Retirement Association of Colorado raised its holdings in Moody’s by 392.6% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 24,668 shares of the business services provider’s stock worth $9,634,000 after acquiring an additional 19,660 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Moody’s by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 679,237 shares of the business services provider’s stock valued at $265,285,000 after acquiring an additional 14,344 shares in the last quarter. Finally, Motco lifted its position in Moody’s by 9,756.3% in the 1st quarter. Motco now owns 1,577 shares of the business services provider’s stock valued at $620,000 after acquiring an additional 1,561 shares in the last quarter. Hedge funds and other institutional investors own 92.11% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on MCO shares. Bank of America upped their price objective on shares of Moody’s from $430.00 to $510.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Morgan Stanley increased their price objective on Moody’s from $374.00 to $392.00 and gave the stock an “equal weight” rating in a report on Friday, July 5th. UBS Group boosted their target price on Moody’s from $455.00 to $470.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. StockNews.com raised Moody’s from a “hold” rating to a “buy” rating in a research note on Tuesday, April 16th. Finally, BMO Capital Markets cut shares of Moody’s from an “outperform” rating to a “market perform” rating and cut their price target for the company from $482.00 to $455.00 in a report on Wednesday, July 24th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $456.00.

Read Our Latest Research Report on MCO

Moody’s Company Profile

(Get Free Report)

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.

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