Jaffetilchin Investment Partners LLC Takes Position in Moody’s Co. (NYSE:MCO)

Jaffetilchin Investment Partners LLC bought a new position in Moody’s Co. (NYSE:MCO) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,245 shares of the business services provider’s stock, valued at approximately $225,000.

Other large investors have also modified their holdings of the company. Cobblestone Capital Advisors LLC NY raised its position in Moody’s by 1.1% in the 1st quarter. Cobblestone Capital Advisors LLC NY now owns 59,608 shares of the business services provider’s stock worth $10,794,000 after buying an additional 661 shares during the last quarter. Manning & Napier Group LLC purchased a new position in Moody’s in the 1st quarter worth about $106,236,000. TrimTabs Asset Management LLC raised its position in Moody’s by 5.0% in the 1st quarter. TrimTabs Asset Management LLC now owns 8,229 shares of the business services provider’s stock worth $1,490,000 after buying an additional 392 shares during the last quarter. Tesco Pension Investment Ltd raised its position in Moody’s by 21.3% in the 1st quarter. Tesco Pension Investment Ltd now owns 236,679 shares of the business services provider’s stock worth $42,860,000 after buying an additional 41,526 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. increased its position in shares of Moody’s by 29.0% during the 4th quarter. Transamerica Financial Advisors Inc. now owns 1,841 shares of the business services provider’s stock valued at $258,000 after purchasing an additional 414 shares during the last quarter. 92.81% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently commented on the stock. Cantor Fitzgerald upped their price target on shares of Moody’s from $168.00 to $192.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Wells Fargo & Co upped their price target on shares of Moody’s from $170.00 to $195.00 and gave the company a “market perform” rating in a research report on Thursday, April 25th. BMO Capital Markets upped their price target on shares of Moody’s from $189.00 to $194.00 and gave the company a “market perform” rating in a research report on Thursday, April 25th. Morgan Stanley upped their price target on shares of Moody’s from $145.00 to $150.00 and gave the company an “underweight” rating in a research report on Tuesday. Finally, Piper Jaffray Companies upped their price target on shares of Moody’s from $178.00 to $205.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $184.50.

In related news, insider Raymond W. Mcdaniel sold 44,146 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $183.95, for a total value of $8,120,656.70. Following the completion of the sale, the insider now directly owns 229,749 shares of the company’s stock, valued at approximately $42,262,328.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Raymond W. Mcdaniel sold 55,422 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $182.23, for a total transaction of $10,099,551.06. Following the completion of the sale, the insider now directly owns 275,716 shares of the company’s stock, valued at $50,243,726.68. The disclosure for this sale can be found here. Insiders sold a total of 184,500 shares of company stock valued at $34,487,147 over the last three months. 0.90% of the stock is currently owned by insiders.

Shares of NYSE MCO traded up $0.02 during midday trading on Wednesday, hitting $189.90. 20,768 shares of the company’s stock traded hands, compared to its average volume of 922,253. Moody’s Co. has a 1 year low of $129.26 and a 1 year high of $197.73. The firm has a market capitalization of $36.01 billion, a P/E ratio of 25.69, a PEG ratio of 1.86 and a beta of 1.27. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 17.70.

Moody’s (NYSE:MCO) last released its quarterly earnings results on Wednesday, April 24th. The business services provider reported $2.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.88 by $0.19. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.13 billion. Moody’s had a net margin of 29.38% and a return on equity of 281.55%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.02 EPS. As a group, equities research analysts anticipate that Moody’s Co. will post 7.91 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Monday, May 20th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend was Friday, May 17th. Moody’s’s dividend payout ratio is 27.06%.

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Moody’s Profile

Moody's Corporation provides credit ratings; and credit, capital markets, and economic 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, such as various corporate and governmental obligations, structured finance securities, and commercial paper programs.

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

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