Investors Sell Shares of Moody’s Corporation (NYSE:MCO) on Strength (NYSE:MCO)

Traders sold shares of Moody’s Corporation (NYSE:MCO) on strength during trading hours on Friday. $18.25 million flowed into the stock on the tick-up and $41.11 million flowed out of the stock on the tick-down, for a money net flow of $22.86 million out of the stock. Of all companies tracked, Moody’s Corporation had the 0th highest net out-flow for the day. Moody’s Corporation traded up $0.85 for the day and closed at $127.76

A number of brokerages have recently issued reports on MCO. Barclays PLC lifted their price target on Moody’s Corporation from $118.00 to $128.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 28th. BMO Capital Markets reiterated a “hold” rating and set a $124.00 price target on shares of Moody’s Corporation in a research report on Wednesday, April 26th. Morgan Stanley lifted their price target on Moody’s Corporation from $118.00 to $121.00 and gave the company an “equal weight” rating in a research report on Monday, May 8th. Zacks Investment Research downgraded Moody’s Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $128.00 price target (up previously from $116.00) on shares of Moody’s Corporation in a research report on Monday, July 24th. Six analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $127.13.

The stock has a market capitalization of $24.41 billion, a P/E ratio of 51.33 and a beta of 1.29. The firm has a 50 day moving average price of $126.54 and a 200-day moving average price of $116.82.

Moody’s Corporation (NYSE:MCO) last released its quarterly earnings results on Friday, July 21st. The business services provider reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.18. The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $968.78 million. Moody’s Corporation had a negative return on equity of 167.31% and a net margin of 12.63%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.30 EPS. Analysts expect that Moody’s Corporation will post $5.51 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Tuesday, August 22nd will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Friday, August 18th. Moody’s Corporation’s dividend payout ratio is presently 61.29%.

In other Moody’s Corporation news, Director Darrell Duffie sold 500 shares of the firm’s stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $121.64, for a total transaction of $60,820.00. Following the completion of the transaction, the director now owns 22,268 shares in the company, valued at approximately $2,708,679.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Raymond W. Mcdaniel sold 45,216 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $129.03, for a total value of $5,834,220.48. Following the transaction, the insider now owns 292,310 shares of the company’s stock, valued at approximately $37,716,759.30. The disclosure for this sale can be found here. Insiders have sold a total of 257,828 shares of company stock valued at $30,938,654 in the last 90 days. 1.17% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. purchased a new position in Moody’s Corporation during the first quarter valued at $101,000. TrimTabs Asset Management LLC boosted its position in Moody’s Corporation by 89.6% in the first quarter. TrimTabs Asset Management LLC now owns 965 shares of the business services provider’s stock valued at $108,000 after buying an additional 456 shares in the last quarter. American Beacon Advisors Inc. purchased a new position in Moody’s Corporation during the first quarter valued at $108,000. State of Alaska Department of Revenue purchased a new position in Moody’s Corporation during the first quarter valued at $113,000. Finally, Advisory Services Network LLC purchased a new position in Moody’s Corporation during the first quarter valued at $137,000. Institutional investors and hedge funds own 88.81% of the company’s stock.

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Moody’s Corporation Company Profile

Moody’s Corporation (Moody’s) is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk management services, quantitative credit risk measures, financial services training and certification services, and research and analytical services to financial institution customers.

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