California State Teachers Retirement System trimmed its stake in Moody’s Co. (NYSE:MCO) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 278,349 shares of the business services provider’s stock after selling 2,652 shares during the period. California State Teachers Retirement System owned 0.15% of Moody’s worth $41,087,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of MCO. Empire Life Investments Inc. increased its stake in Moody’s by 2.0% during the 4th quarter. Empire Life Investments Inc. now owns 33,340 shares of the business services provider’s stock valued at $4,921,000 after purchasing an additional 667 shares in the last quarter. Two Sigma Advisers LP increased its stake in Moody’s by 2.5% during the 4th quarter. Two Sigma Advisers LP now owns 21,755 shares of the business services provider’s stock valued at $3,211,000 after purchasing an additional 538 shares in the last quarter. Kendall Capital Management bought a new stake in shares of Moody’s in the fourth quarter worth approximately $417,000. Guggenheim Capital LLC grew its stake in shares of Moody’s by 49.6% in the fourth quarter. Guggenheim Capital LLC now owns 456,306 shares of the business services provider’s stock worth $67,356,000 after acquiring an additional 151,238 shares during the period. Finally, Deutsche Bank AG grew its stake in shares of Moody’s by 1.3% in the fourth quarter. Deutsche Bank AG now owns 2,029,070 shares of the business services provider’s stock worth $299,502,000 after acquiring an additional 25,570 shares during the period. 88.50% of the stock is owned by hedge funds and other institutional investors.
In other Moody’s news, insider Robert Fauber sold 3,500 shares of the stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $168.00, for a total transaction of $588,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Michael S. Crimmins sold 300 shares of the stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $166.04, for a total transaction of $49,812.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,182 shares of company stock valued at $5,721,231. Insiders own 1.00% of the company’s stock.
Shares of NYSE MCO traded down $3.24 during mid-day trading on Friday, reaching $158.99. The company had a trading volume of 684,186 shares, compared to its average volume of 670,770. Moody’s Co. has a 52 week low of $111.94 and a 52 week high of $171.68. The stock has a market cap of $31,002.15, a PE ratio of 26.19, a PEG ratio of 1.83 and a beta of 1.26. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of -44.48.
Moody’s (NYSE:MCO) last released its quarterly earnings data on Friday, February 9th. The business services provider reported $1.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.06. Moody’s had a net margin of 23.80% and a negative return on equity of 319.45%. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the firm earned $1.23 earnings per share. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. sell-side analysts forecast that Moody’s Co. will post 7.7 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Tuesday, February 20th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.11%. This is a positive change from Moody’s’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Friday, February 16th. Moody’s’s dividend payout ratio is presently 29.00%.
MCO has been the subject of a number of research analyst reports. Stifel Nicolaus assumed coverage on shares of Moody’s in a research note on Tuesday, December 19th. They issued a “hold” rating and a $167.00 price target for the company. Nomura assumed coverage on shares of Moody’s in a research report on Thursday, January 11th. They set a “buy” rating and a $180.00 target price for the company. Cantor Fitzgerald reaffirmed a “hold” rating on shares of Moody’s in a report on Friday, February 9th. BMO Capital Markets lifted their price target on shares of Moody’s from $159.00 to $161.00 and gave the company a “market perform” rating in a report on Friday, February 9th. Finally, Wells Fargo set a $160.00 target price on shares of Moody’s and gave the stock a “market perform” rating in a report on Monday, February 12th. Eight research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $163.50.
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Moody's Corporation provides credit ratings; and credit, capital markets, and economic related research, data, and analytical tools worldwide. It operates through two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings on various debt obligations and entities that issue such obligations comprising various corporate and governmental obligations, structured finance securities, and commercial paper programs.
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