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.
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