Raymond W. Mcdaniel Sells 10,000 Shares of Moody’s Co. (MCO) Stock

Moody’s Co. (NYSE:MCO) CEO Raymond W. Mcdaniel sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 14th. The stock was sold at an average price of $173.17, for a total transaction of $1,731,700.00. Following the transaction, the chief executive officer now owns 126,025 shares of the company’s stock, valued at approximately $21,823,749.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of Moody’s stock opened at $171.54 on Friday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 12.19. Moody’s Co. has a 12-month low of $170.67 and a 12-month high of $171.77. The company has a market cap of $32.79 billion, a price-to-earnings ratio of 28.26, a P/E/G ratio of 1.91 and a beta of 1.24.

Moody’s (NYSE:MCO) last issued its quarterly earnings results on Friday, April 27th. The business services provider reported $2.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.80 by $0.22. Moody’s had a net margin of 23.60% and a negative return on equity of 1,599.12%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the business posted $1.50 EPS. Moody’s’s revenue for the quarter was up 15.5% compared to the same quarter last year. research analysts forecast that Moody’s Co. will post 7.77 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 11th. Shareholders of record on Monday, May 21st will be paid a dividend of $0.44 per share. The ex-dividend date is Friday, May 18th. This represents a $1.76 dividend on an annualized basis and a yield of 1.03%. Moody’s’s payout ratio is 29.00%.

MCO has been the subject of several recent analyst reports. Cantor Fitzgerald reiterated a “hold” rating on shares of Moody’s in a research note on Friday, February 9th. BMO Capital Markets boosted their price objective on shares of Moody’s from $159.00 to $161.00 and gave the stock a “market perform” rating in a research note on Friday, February 9th. Wells Fargo set a $160.00 price objective on shares of Moody’s and gave the stock a “market perform” rating in a research note on Monday, February 12th. Credit Suisse Group reiterated a “neutral” rating and set a $187.00 price objective (up previously from $161.00) on shares of Moody’s in a research note on Monday, February 12th. Finally, Barclays boosted their price objective on shares of Moody’s from $175.00 to $180.00 and gave the stock an “overweight” rating in a research note on Monday, February 12th. Nine research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $171.25.

A number of institutional investors have recently modified their holdings of MCO. Mn Services Vermogensbeheer B.V. boosted its holdings in shares of Moody’s by 1.1% in the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 27,047 shares of the business services provider’s stock valued at $4,363,000 after acquiring an additional 300 shares during the last quarter. Impax Asset Management LLC boosted its holdings in shares of Moody’s by 18.8% in the 1st quarter. Impax Asset Management LLC now owns 1,905 shares of the business services provider’s stock valued at $307,000 after acquiring an additional 302 shares during the last quarter. Flinton Capital Management LLC boosted its holdings in shares of Moody’s by 6.1% in the 4th quarter. Flinton Capital Management LLC now owns 5,320 shares of the business services provider’s stock valued at $785,000 after acquiring an additional 308 shares during the last quarter. Sentry Investment Management LLC boosted its holdings in shares of Moody’s by 2.6% in the 1st quarter. Sentry Investment Management LLC now owns 12,146 shares of the business services provider’s stock valued at $1,959,000 after acquiring an additional 310 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Moody’s by 5.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 6,948 shares of the business services provider’s stock valued at $1,026,000 after acquiring an additional 340 shares during the last quarter. Institutional investors and hedge funds own 88.33% of the company’s stock.

About Moody’s

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.

Insider Buying and Selling by Quarter for Moody`s (NYSE:MCO)

Receive News & Ratings for Moody's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moody's and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply