Raymond W. Mcdaniel Sells 55,422 Shares of Moody’s Co. (NYSE:MCO) Stock

Moody’s Co. (NYSE:MCO) insider Raymond W. Mcdaniel sold 55,422 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $182.23, for a total value of $10,099,551.06. Following the transaction, the insider now owns 275,716 shares in the company, valued at approximately $50,243,726.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of NYSE MCO traded down $0.02 during midday trading on Friday, hitting $195.31. 3,133,088 shares of the company’s stock were exchanged, compared to its average volume of 954,894. The stock has a market cap of $37.22 billion, a price-to-earnings ratio of 26.43, a P/E/G ratio of 1.90 and a beta of 1.28. The company has a debt-to-equity ratio of 17.70, a quick ratio of 1.45 and a current ratio of 1.45. Moody’s Co. has a twelve month low of $129.26 and a twelve month high of $201.38. The business’s 50 day moving average is $189.32.

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

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Monday, May 20th were issued a $0.50 dividend. The ex-dividend date was Friday, May 17th. This represents a $2.00 annualized dividend and a dividend yield of 1.02%. Moody’s’s dividend payout ratio is currently 27.06%.

A number of large investors have recently made changes to their positions in MCO. Oregon Public Employees Retirement Fund raised its stake in Moody’s by 17,777.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 7,510,765 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 7,468,752 shares during the period. Norges Bank acquired a new stake in Moody’s during the 4th quarter valued at $214,495,000. FMR LLC raised its stake in Moody’s by 54.5% during the 4th quarter. FMR LLC now owns 3,962,568 shares of the business services provider’s stock valued at $554,918,000 after purchasing an additional 1,397,444 shares during the period. Windacre Partnership LLC raised its stake in Moody’s by 204.6% during the 4th quarter. Windacre Partnership LLC now owns 1,617,300 shares of the business services provider’s stock valued at $226,487,000 after purchasing an additional 1,086,300 shares during the period. Finally, BlackRock Inc. increased its stake in shares of Moody’s by 9.1% in the fourth quarter. BlackRock Inc. now owns 12,012,678 shares of the business services provider’s stock worth $1,682,254,000 after acquiring an additional 999,278 shares during the last quarter. 92.80% of the stock is currently owned by institutional investors.

MCO has been the topic of a number of analyst reports. ValuEngine raised Moody’s from a “hold” rating to a “buy” rating in a research report on Tuesday, March 19th. BMO Capital Markets lifted their target price on Moody’s to $182.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 20th. Morgan Stanley boosted their price objective on Moody’s from $145.00 to $150.00 and gave the company an “underweight” rating in a report on Tuesday, June 11th. Piper Jaffray Companies boosted their price objective on Moody’s from $178.00 to $205.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Finally, Cantor Fitzgerald boosted their price objective on Moody’s from $168.00 to $192.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $184.50.

About Moody’s

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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