Beese Fulmer Investment Management Inc. Acquires Shares of 1,000 Moody’s Co. (NYSE:MCO)

Beese Fulmer Investment Management Inc. bought a new stake in Moody’s Co. (NYSE:MCO) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 1,000 shares of the business services provider’s stock, valued at approximately $205,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Chilton Investment Co. LLC grew its position in shares of Moody’s by 4.2% in the 2nd quarter. Chilton Investment Co. LLC now owns 322,780 shares of the business services provider’s stock valued at $63,042,000 after buying an additional 13,086 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of Moody’s by 5.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 35,017 shares of the business services provider’s stock valued at $6,948,000 after buying an additional 1,754 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its position in shares of Moody’s by 7.4% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 36,775 shares of the business services provider’s stock valued at $7,183,000 after buying an additional 2,523 shares during the last quarter. Nuveen Asset Management LLC grew its position in shares of Moody’s by 985.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 770,226 shares of the business services provider’s stock valued at $150,433,000 after buying an additional 699,273 shares during the last quarter. Finally, Krane Funds Advisors LLC purchased a new position in shares of Moody’s in the 2nd quarter valued at $25,000. 90.27% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently commented on MCO. ValuEngine downgraded shares of Moody’s from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Argus increased their target price on shares of Moody’s to $240.00 and gave the company a “buy” rating in a research report on Monday, August 5th. UBS Group increased their target price on shares of Moody’s from $245.00 to $257.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Barclays reaffirmed a “buy” rating on shares of Moody’s in a research report on Sunday, August 4th. Finally, William Blair reaffirmed an “outperform” rating on shares of Moody’s in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $208.91.

Shares of NYSE:MCO opened at $215.80 on Thursday. The stock has a market cap of $41.72 billion, a P/E ratio of 29.20, a P/E/G ratio of 2.70 and a beta of 1.24. The firm has a fifty day moving average price of $212.90 and a 200 day moving average price of $203.43. The company has a debt-to-equity ratio of 8.35, a current ratio of 1.42 and a quick ratio of 1.71. Moody’s Co. has a 1-year low of $129.26 and a 1-year high of $223.82.

Moody’s (NYSE:MCO) last issued its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.99 by $0.16. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Moody’s had a net margin of 28.20% and a return on equity of 270.17%. Moody’s’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.69 EPS. Sell-side analysts expect that Moody’s Co. will post 8.18 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend is Wednesday, November 20th. Moody’s’s dividend payout ratio is currently 27.06%.

In related news, insider Robert Fauber sold 3,721 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $212.71, for a total transaction of $791,493.91. Following the completion of the sale, the insider now owns 48,382 shares in the company, valued at approximately $10,291,335.22. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Mark Almeida sold 27,236 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $207.06, for a total transaction of $5,639,486.16. The disclosure for this sale can be found here. 0.90% of the stock is owned by corporate insiders.

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

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