Moody’s Corp. (MCO) Stake Maintained by Delta Lloyd NV
Delta Lloyd NV continued to hold its position in shares of Moody’s Corp. (NYSE:MCO) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,319 shares of the company’s stock at the end of the third quarter. Delta Lloyd NV’s holdings in Moody’s Corp. were worth $1,767,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the company. Smithfield Trust Co. increased its stake in shares of Moody’s Corp. by 57.3% in the third quarter. Smithfield Trust Co. now owns 1,337 shares of the company’s stock valued at $145,000 after buying an additional 487 shares during the period. Ropes Wealth Advisors LLC increased its stake in shares of Moody’s Corp. by 614.2% in the second quarter. Ropes Wealth Advisors LLC now owns 1,407 shares of the company’s stock valued at $132,000 after buying an additional 1,210 shares during the period. Boltwood Capital Management acquired a new stake in shares of Moody’s Corp. during the third quarter valued at $200,000. BB&T Corp acquired a new stake in shares of Moody’s Corp. during the third quarter valued at $202,000. Finally, Berkshire Asset Management LLC PA acquired a new stake in shares of Moody’s Corp. during the third quarter valued at $206,000. 85.32% of the stock is currently owned by institutional investors.
Shares of Moody’s Corp. (NYSE:MCO) traded up 0.20% on Tuesday, hitting $101.09. 714,458 shares of the stock were exchanged. Moody’s Corp. has a one year low of $77.76 and a one year high of $110.83. The company has a market cap of $19.33 billion, a P/E ratio of 21.80 and a beta of 1.36. The firm’s 50-day moving average is $102.35 and its 200-day moving average is $102.50.
Moody’s Corp. (NYSE:MCO) last posted its earnings results on Friday, October 21st. The company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.18 by $0.16. Moody’s Corp. had a net margin of 25.88% and a negative return on equity of 260.34%. The firm earned $917.10 million during the quarter, compared to analysts’ expectations of $894.05 million. During the same quarter in the prior year, the firm earned $1.11 EPS. Moody’s Corp.’s quarterly revenue was up 9.8% on a year-over-year basis. On average, equities analysts forecast that Moody’s Corp. will post $4.70 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Monday, November 21st will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Thursday, November 17th. Moody’s Corp.’s dividend payout ratio (DPR) is 31.97%.
MCO has been the subject of several recent research reports. Credit Suisse Group AG initiated coverage on shares of Moody’s Corp. in a research note on Sunday, November 20th. They set a “neutral” rating and a $94.00 target price for the company. Morgan Stanley set a $112.00 target price on shares of Moody’s Corp. and gave the stock a “buy” rating in a research note on Friday, August 5th. Cantor Fitzgerald set a $105.00 target price on shares of Moody’s Corp. and gave the stock a “hold” rating in a research note on Friday, October 21st. Zacks Investment Research upgraded shares of Moody’s Corp. from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a research report on Wednesday, October 5th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $112.00 price objective (up previously from $104.00) on shares of Moody’s Corp. in a research report on Friday, September 30th. Seven investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Moody’s Corp. has a consensus rating of “Hold” and a consensus target price of $108.32.
In other news, insider Robert Fauber sold 625 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $99.73, for a total value of $62,331.25. Following the completion of the sale, the insider now directly owns 41,296 shares of the company’s stock, valued at approximately $4,118,450.08. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Linda Huber sold 182,595 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $110.13, for a total transaction of $20,109,187.35. Following the completion of the sale, the vice president now directly owns 63,637 shares of the company’s stock, valued at $7,008,342.81. The disclosure for this sale can be found here. 1.48% of the stock is currently owned by company insiders.
Moody’s Corp. 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 outsourced research and analytical services to financial institution customers.
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