Teachers Advisors LLC Has $25.52 Million Holdings in Moody’s Corporation (MCO)
Teachers Advisors LLC trimmed its position in shares of Moody’s Corporation (NYSE:MCO) by 27.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 209,724 shares of the business services provider’s stock after selling 78,845 shares during the period. Teachers Advisors LLC owned 0.11% of Moody’s Corporation worth $25,519,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. acquired a new position in Moody’s Corporation during the 1st quarter valued at about $101,000. American Beacon Advisors Inc. acquired a new position in Moody’s Corporation during the 1st quarter valued at about $108,000. IFP Advisors Inc boosted its stake in Moody’s Corporation by 78.1% during the 2nd quarter. IFP Advisors Inc now owns 1,145 shares of the business services provider’s stock valued at $139,000 after purchasing an additional 502 shares during the period. Smithfield Trust Co. boosted its stake in Moody’s Corporation by 6.7% during the 2nd quarter. Smithfield Trust Co. now owns 1,427 shares of the business services provider’s stock valued at $174,000 after purchasing an additional 90 shares during the period. Finally, Walter & Keenan Financial Consulting Co. MI ADV acquired a new position in Moody’s Corporation during the 2nd quarter valued at about $200,000. 88.74% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have issued reports on MCO shares. Zacks Investment Research lowered shares of Moody’s Corporation from a “buy” rating to a “hold” rating in a research note on Monday, June 19th. BidaskClub lowered shares of Moody’s Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Barclays PLC boosted their target price on shares of Moody’s Corporation from $118.00 to $128.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 28th. BMO Capital Markets boosted their target price on shares of Moody’s Corporation from $124.00 to $127.00 and gave the company a “market perform” rating in a research note on Friday, July 14th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $128.00 target price (up from $116.00) on shares of Moody’s Corporation in a research note on Monday, July 24th. Six investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Moody’s Corporation has an average rating of “Hold” and a consensus price target of $138.86.
Shares of Moody’s Corporation (NYSE MCO) opened at 136.65 on Friday. The firm’s 50 day moving average is $132.31 and its 200-day moving average is $121.66. Moody’s Corporation has a 52-week low of $93.51 and a 52-week high of $137.23. The company has a market capitalization of $26.11 billion, a P/E ratio of 54.90 and a beta of 1.30.
Moody’s Corporation (NYSE:MCO) last issued its quarterly earnings data on Friday, July 21st. The business services provider reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.18. Moody’s Corporation had a net margin of 12.63% and a negative return on equity of 167.31%. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $968.78 million. During the same quarter in the prior year, the firm earned $1.30 EPS. The company’s revenue was up 7.7% on a year-over-year basis. Equities research analysts anticipate that Moody’s Corporation will post $5.66 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Tuesday, August 22nd were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Friday, August 18th. Moody’s Corporation’s dividend payout ratio is currently 61.29%.
In other Moody’s Corporation news, Director Darrell Duffie sold 500 shares of the stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $121.64, for a total transaction of $60,820.00. Following the sale, the director now owns 22,268 shares of the company’s stock, valued at approximately $2,708,679.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Raymond W. Mcdaniel sold 45,216 shares of the stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $134.16, for a total transaction of $6,066,178.56. Following the sale, the insider now directly owns 292,310 shares in the company, valued at approximately $39,216,309.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 152,598 shares of company stock worth $19,560,320. Insiders own 1.17% 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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