Caisse DE Depot ET Placement DU Quebec cut its position in shares of Moody’s Co. (NYSE:MCO) by 15.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,022 shares of the business services provider’s stock after selling 1,600 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Moody’s were worth $1,332,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in Moody’s by 2.2% during the fourth quarter. BlackRock Inc. now owns 10,557,911 shares of the business services provider’s stock valued at $1,558,454,000 after acquiring an additional 228,277 shares during the last quarter. Capital International Investors increased its position in Moody’s by 1.0% during the third quarter. Capital International Investors now owns 3,287,478 shares of the business services provider’s stock valued at $457,650,000 after acquiring an additional 31,978 shares during the last quarter. Investec Asset Management LTD increased its position in Moody’s by 2.8% during the third quarter. Investec Asset Management LTD now owns 1,994,294 shares of the business services provider’s stock valued at $277,626,000 after acquiring an additional 55,053 shares during the last quarter. Geode Capital Management LLC increased its position in Moody’s by 5.8% during the fourth quarter. Geode Capital Management LLC now owns 1,752,813 shares of the business services provider’s stock valued at $258,187,000 after acquiring an additional 96,273 shares during the last quarter. Finally, AGF Investments Inc. grew its holdings in Moody’s by 7.7% during the third quarter. AGF Investments Inc. now owns 1,223,976 shares of the business services provider’s stock valued at $170,390,000 after purchasing an additional 87,118 shares during the period. 88.50% of the stock is currently owned by institutional investors and hedge funds.
NYSE MCO traded down $3.24 during midday trading on Friday, hitting $158.99. 684,186 shares of the company traded hands, compared to its average volume of 670,770. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of -44.48. The stock has a market capitalization of $30,382.99, a PE ratio of 26.19, a price-to-earnings-growth ratio of 1.80 and a beta of 1.26. Moody’s Co. has a 52 week low of $111.94 and a 52 week high of $171.68.
Moody’s (NYSE:MCO) last announced its earnings results on Friday, February 9th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.06. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Moody’s had a negative return on equity of 319.45% and a net margin of 23.80%. The business’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.23 EPS. equities analysts predict that Moody’s Co. will post 7.7 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Tuesday, February 20th were paid a $0.44 dividend. This is a positive change from Moody’s’s previous quarterly dividend of $0.38. The ex-dividend date was Friday, February 16th. This represents a $1.76 dividend on an annualized basis and a yield of 1.11%. Moody’s’s dividend payout ratio (DPR) is 29.00%.
In other Moody’s news, Director Darrell Duffie sold 500 shares of Moody’s stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $160.96, for a total transaction of $80,480.00. Following the completion of the transaction, the director now owns 21,944 shares in the company, valued at approximately $3,532,106.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert Fauber sold 3,500 shares of Moody’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $168.00, for a total value of $588,000.00. The disclosure for this sale can be found here. Insiders sold a total of 35,182 shares of company stock valued at $5,721,231 in the last 90 days. 1.00% of the stock is currently owned by company insiders.
Several analysts have issued reports on MCO shares. Stifel Nicolaus started coverage on Moody’s in a report on Tuesday, December 19th. They set a “hold” rating and a $167.00 price target for the company. Nomura began coverage on Moody’s in a research note on Thursday, January 11th. They issued a “buy” rating and a $180.00 price objective for the company. Wells Fargo set a $160.00 price objective on Moody’s and gave the stock a “market perform” rating in a research note on Monday, February 12th. Argus upped their price objective on Moody’s to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. They noted that the move was a valuation call. Finally, Barclays upped their price objective on Moody’s from $175.00 to $180.00 and gave the stock an “overweight” rating in a research note on Monday, February 12th. Eight analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $163.50.
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Moody’s Company Profile
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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