Gamble Jones Investment Counsel Sells 887 Shares of Moody's Co. (NYSE:MCO)

Gamble Jones Investment Counsel lowered its position in Moody's Co. (NYSE:MCO) by 3.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,178 shares of the business services provider’s stock after selling 887 shares during the period. Gamble Jones Investment Counsel’s holdings in Moody's were worth $3,864,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Grove Bank & Trust increased its stake in shares of Moody's by 156.7% during the 3rd quarter. Grove Bank & Trust now owns 901 shares of the business services provider’s stock worth $125,000 after purchasing an additional 550 shares in the last quarter. Invictus RG purchased a new position in shares of Moody's during the 3rd quarter worth approximately $199,000. BTR Capital Management Inc. purchased a new position in shares of Moody's during the 4th quarter worth approximately $202,000. IFC Holdings Incorporated FL purchased a new position in shares of Moody's during the 3rd quarter worth approximately $203,000. Finally, Maple Capital Management Inc. purchased a new position in shares of Moody's during the 3rd quarter worth approximately $206,000. Hedge funds and other institutional investors own 87.31% of the company’s stock.

In other Moody's news, Director Ewald Kist sold 4,000 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $142.00, for a total value of $568,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Darrell Duffie sold 500 shares of the business’s stock in a transaction on Friday, December 29th. The stock was sold at an average price of $147.93, for a total transaction of $73,965.00. The disclosure for this sale can be found here. Insiders have sold a total of 5,005 shares of company stock worth $716,738 in the last 90 days. Company insiders own 1.17% of the company’s stock.

Shares of Moody's Co. (NYSE:MCO) traded up $1.01 during midday trading on Wednesday, hitting $162.61. 321,846 shares of the stock traded hands, compared to its average volume of 857,940. Moody's Co. has a one year low of $109.00 and a one year high of $167.23. The stock has a market cap of $30,422.48, a PE ratio of 31.50, a PEG ratio of 2.24 and a beta of 1.36. The company has a debt-to-equity ratio of -48.22, a current ratio of 1.25 and a quick ratio of 1.15.

Moody's (NYSE:MCO) last posted its earnings results on Friday, February 9th. The business services provider reported $1.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.06. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.07 billion. Moody's had a net margin of 23.80% and a negative return on equity of 319.45%. The business’s quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.23 EPS. sell-side analysts forecast that Moody's Co. will post 6.45 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Tuesday, February 20th will be issued a dividend of $0.44 per share. This is a positive change from Moody's’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.76 annualized dividend and a dividend yield of 1.08%. Moody's’s payout ratio is presently 29.51%.

A number of research analysts have recently weighed in on MCO shares. Nomura started coverage on shares of Moody's in a research note on Thursday, January 11th. They set a “buy” rating and a $180.00 price objective for the company. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $148.00 target price on shares of Moody's in a research note on Monday, November 6th. Stifel Nicolaus initiated coverage on shares of Moody's in a research note on Tuesday, December 19th. They issued a “hold” rating and a $167.00 target price for the company. Credit Suisse Group lifted their target price on shares of Moody's from $137.00 to $161.00 and gave the stock a “neutral” rating in a research note on Monday, November 6th. Finally, UBS Group lifted their target price on shares of Moody's from $142.00 to $150.00 and gave the stock a “neutral” rating in a research note on Monday, November 6th. Eight analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $163.50.

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Moody's Company Profile

Moody’s Corporation (Moody’s) is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk management services, quantitative credit risk measures, financial services training and certification services, and research and analytical services to financial institution customers.

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

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