Duality Advisers LP bought a new stake in shares of Moody’s Co. (NYSE:MCO) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,815 shares of the business services provider’s stock, valued at approximately $2,696,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. grew its position in Moody’s by 2.6% in the 1st quarter. BlackRock Inc. now owns 11,203,890 shares of the business services provider’s stock valued at $2,369,626,000 after acquiring an additional 286,170 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Moody’s by 1.7% in the first quarter. Geode Capital Management LLC now owns 2,693,717 shares of the business services provider’s stock valued at $568,771,000 after acquiring an additional 44,779 shares in the last quarter. Windacre Partnership LLC raised its holdings in shares of Moody’s by 32.6% in the first quarter. Windacre Partnership LLC now owns 2,149,700 shares of the business services provider’s stock valued at $454,662,000 after acquiring an additional 528,500 shares in the last quarter. Rothschild & Co Wealth Management UK Ltd lifted its stake in Moody’s by 1.9% in the first quarter. Rothschild & Co Wealth Management UK Ltd now owns 1,939,102 shares of the business services provider’s stock worth $410,120,000 after acquiring an additional 35,994 shares during the period. Finally, Capital World Investors grew its holdings in Moody’s by 2.7% during the 1st quarter. Capital World Investors now owns 1,857,789 shares of the business services provider’s stock worth $392,929,000 after acquiring an additional 48,396 shares in the last quarter. 90.27% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO Raymond W. Mcdaniel sold 7,500 shares of Moody’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $245.64, for a total transaction of $1,842,300.00. Following the completion of the transaction, the chief executive officer now directly owns 242,131 shares in the company, valued at $59,477,058.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John J. Goggins sold 17,927 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $251.94, for a total value of $4,516,528.38. Following the completion of the transaction, the executive vice president now directly owns 63,718 shares of the company’s stock, valued at $16,053,112.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 60,727 shares of company stock valued at $16,235,465. 0.79% of the stock is currently owned by corporate insiders.
Moody’s stock opened at $281.30 on Friday. The business’s 50-day simple moving average is $281.46 and its two-hundred day simple moving average is $255.09. The company has a debt-to-equity ratio of 9.17, a quick ratio of 1.70 and a current ratio of 2.10. The company has a market cap of $52.74 billion, a PE ratio of 34.90, a PEG ratio of 3.17 and a beta of 1.19. Moody’s Co. has a fifty-two week low of $164.19 and a fifty-two week high of $296.66.
Moody’s (NYSE:MCO) last issued its earnings results on Thursday, July 30th. The business services provider reported $2.81 EPS for the quarter, beating the Zacks’ consensus estimate of $2.26 by $0.55. Moody’s had a return on equity of 204.46% and a net margin of 33.38%. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the firm earned $2.07 earnings per share. Moody’s’s revenue for the quarter was up 18.2% on a year-over-year basis. As a group, analysts predict that Moody’s Co. will post 8.95 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be paid a $0.56 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 0.80%. Moody’s’s payout ratio is currently 27.02%.
Moody’s Company 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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