Moody's Co. (MCO) Shares Sold by Fisher Asset Management LLC
Fisher Asset Management LLC reduced its stake in shares of Moody's Co. (NYSE:MCO) by 4.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,160 shares of the business services provider’s stock after selling 100 shares during the period. Fisher Asset Management LLC’s holdings in Moody's Co. were worth $242,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue bought a new stake in shares of Moody's Co. during the first quarter worth about $113,000. Perennial Advisors LLC bought a new stake in shares of Moody's Co. during the fourth quarter worth about $118,000. NN Investment Partners Holdings N.V. increased its stake in shares of Moody's Co. by 18.7% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 1,270 shares of the business services provider’s stock worth $120,000 after buying an additional 200 shares in the last quarter. Cascade Investment Advisors Inc. bought a new stake in shares of Moody's Co. during the fourth quarter worth about $123,000. Finally, Blenheim Capital Management BV bought a new stake in shares of Moody's Co. during the fourth quarter worth about $156,000. 87.31% of the stock is currently owned by institutional investors.
Shares of Moody's Co. (NYSE:MCO) traded up 1.17% on Friday, hitting $114.72. The stock had a trading volume of 185,884 shares. The company has a market capitalization of $21.95 billion, a PE ratio of 52.19 and a beta of 1.30. The firm has a 50-day moving average of $115.28 and a 200 day moving average of $106.47. Moody's Co. has a 1-year low of $87.30 and a 1-year high of $119.99.
Moody's Co. (NYSE:MCO) last issued its quarterly earnings data on Friday, May 5th. The business services provider reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.23. Moody's Co. had a net margin of 25.88% and a negative return on equity of 260.34%. The business had revenue of $975.20 million during the quarter, compared to analysts’ expectations of $914.27 million. During the same period last year, the company posted $0.93 EPS. The business’s revenue was up 19.5% on a year-over-year basis. On average, equities analysts anticipate that Moody's Co. will post $5.32 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 12th. Shareholders of record on Monday, May 22nd will be paid a $0.38 dividend. The ex-dividend date is Thursday, May 18th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.34%. Moody's Co.’s payout ratio is currently 31.97%.
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A number of equities research analysts recently issued reports on the company. Morgan Stanley increased their price target on Moody's Co. from $117.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Friday, April 28th. Barclays PLC reaffirmed a “hold” rating and issued a $118.00 target price on shares of Moody's Co. in a report on Thursday, April 27th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $116.00 target price on shares of Moody's Co. in a report on Monday, May 8th. BMO Capital Markets reaffirmed a “hold” rating and issued a $124.00 target price on shares of Moody's Co. in a report on Wednesday, April 26th. Finally, TheStreet downgraded Moody's Co. from a “b-” rating to a “c” rating in a report on Friday, February 17th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $117.57.
In related news, insider Robert Fauber sold 1,340 shares of Moody's Co. stock in a transaction dated Friday, March 31st. The shares were sold at an average price of $111.16, for a total transaction of $148,954.40. Following the completion of the transaction, the insider now directly owns 44,550 shares of the company’s stock, valued at approximately $4,952,178. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Richard Cantor sold 5,076 shares of Moody's Co. stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $112.66, for a total transaction of $571,862.16. Following the transaction, the insider now directly owns 56,222 shares of the company’s stock, valued at $6,333,970.52. The disclosure for this sale can be found here. Insiders sold a total of 7,915 shares of company stock valued at $888,854 over the last three months. Corporate insiders own 1.48% of the company’s stock.
About Moody's Co.
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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