Veritas Investment Management UK Ltd trimmed its holdings in Moody’s Corporation (NYSE:MCO) by 1.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 42,040 shares of the business services provider’s stock after selling 450 shares during the quarter. Moody’s Corporation makes up about 2.1% of Veritas Investment Management UK Ltd’s portfolio, making the stock its 17th biggest position. Veritas Investment Management UK Ltd’s holdings in Moody’s Corporation were worth $5,852,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MCO. Brighton Jones LLC increased its holdings in Moody’s Corporation by 0.3% during the 2nd quarter. Brighton Jones LLC now owns 1,954 shares of the business services provider’s stock worth $238,000 after purchasing an additional 5 shares during the period. Salem Investment Counselors Inc. increased its holdings in Moody’s Corporation by 0.6% during the 2nd quarter. Salem Investment Counselors Inc. now owns 1,346 shares of the business services provider’s stock worth $164,000 after purchasing an additional 8 shares during the period. BRYN MAWR TRUST Co increased its holdings in Moody’s Corporation by 0.7% during the 2nd quarter. BRYN MAWR TRUST Co now owns 6,386 shares of the business services provider’s stock worth $777,000 after purchasing an additional 45 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Moody’s Corporation by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,365 shares of the business services provider’s stock worth $1,505,000 after purchasing an additional 52 shares during the period. Finally, Blue Edge Capital LLC increased its holdings in Moody’s Corporation by 0.6% during the 2nd quarter. Blue Edge Capital LLC now owns 9,264 shares of the business services provider’s stock worth $1,127,000 after purchasing an additional 53 shares during the period. Hedge funds and other institutional investors own 88.50% of the company’s stock.

In other news, Director Darrell Duffie sold 500 shares of the firm’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $138.41, for a total value of $69,205.00. Following the completion of the sale, the director now owns 21,804 shares of the company’s stock, valued at approximately $3,017,891.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Raymond W. Mcdaniel sold 45,216 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $134.16, for a total value of $6,066,178.56. Following the completion of the sale, the insider now directly owns 292,310 shares of the company’s stock, valued at approximately $39,216,309.60. The disclosure for this sale can be found here. 1.17% of the stock is owned by company insiders.

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Several research analysts have commented on MCO shares. Zacks Investment Research upgraded Moody’s Corporation from a “sell” rating to a “buy” rating and set a $140.00 price objective on the stock in a report on Monday, July 17th. Argus raised their price objective on Moody’s Corporation to $165.00 and gave the stock a “buy” rating in a report on Thursday. Barclays PLC raised their price objective on Moody’s Corporation from $135.00 to $150.00 and gave the stock an “equal weight” rating in a report on Friday, September 15th. Morgan Stanley restated an “equal weight” rating and set a $131.00 price objective (up from $122.00) on shares of Moody’s Corporation in a report on Tuesday, July 25th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $149.00 price objective (up from $140.00) on shares of Moody’s Corporation in a report on Wednesday, October 4th. Seven equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Moody’s Corporation has an average rating of “Hold” and a consensus target price of $150.22.

Shares of Moody’s Corporation (NYSE MCO) traded down $0.90 during trading hours on Monday, hitting $142.19. The stock had a trading volume of 546,600 shares, compared to its average volume of 848,072. Moody’s Corporation has a twelve month low of $93.51 and a twelve month high of $148.00. The stock has a market cap of $27,172.51, a P/E ratio of 24.82, a PEG ratio of 2.52 and a beta of 1.35. The company has a debt-to-equity ratio of -32.57, a current ratio of 1.15 and a quick ratio of 1.15.

Moody’s Corporation (NYSE:MCO) last announced its quarterly earnings results on Friday, November 3rd. The business services provider reported $1.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.15. Moody’s Corporation had a negative return on equity of 187.20% and a net margin of 13.73%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $992.81 million. During the same period last year, the business posted $1.34 EPS. The business’s revenue was up 15.9% compared to the same quarter last year. sell-side analysts forecast that Moody’s Corporation will post 5.94 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st will be issued a $0.38 dividend. The ex-dividend date of this dividend is Monday, November 20th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.07%. Moody’s Corporation’s dividend payout ratio is presently 54.29%.

Moody’s Corporation 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.

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

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