Fmr LLC Raises Stock Holdings in Moody’s Co. (NYSE:MCO)

Fmr LLC lifted its holdings in shares of Moody’s Co. (NYSE:MCOGet Rating) by 1.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,096,678 shares of the business services provider’s stock after acquiring an additional 50,289 shares during the quarter. Fmr LLC owned 2.78% of Moody’s worth $1,386,144,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Principal Financial Group Inc. increased its position in Moody’s by 67.9% in the second quarter. Principal Financial Group Inc. now owns 2,582,885 shares of the business services provider’s stock worth $702,467,000 after buying an additional 1,044,597 shares during the last quarter. Flossbach Von Storch AG increased its position in Moody’s by 56.4% in the first quarter. Flossbach Von Storch AG now owns 2,407,258 shares of the business services provider’s stock worth $812,233,000 after buying an additional 868,456 shares during the last quarter. TCI Fund Management Ltd. increased its position in Moody’s by 11.0% in the first quarter. TCI Fund Management Ltd. now owns 7,285,832 shares of the business services provider’s stock worth $2,458,313,000 after buying an additional 723,042 shares during the last quarter. BlackRock Inc. increased its position in Moody’s by 4.7% in the first quarter. BlackRock Inc. now owns 12,374,168 shares of the business services provider’s stock worth $4,175,168,000 after buying an additional 555,419 shares during the last quarter. Finally, Jensen Investment Management Inc. purchased a new stake in Moody’s in the first quarter worth $173,147,000. 91.73% of the stock is owned by hedge funds and other institutional investors.

Moody’s Price Performance

NYSE:MCO traded up $3.60 during trading hours on Thursday, hitting $297.96. 397,887 shares of the company’s stock traded hands, compared to its average volume of 860,960. The firm has a market cap of $54.59 billion, a P/E ratio of 35.56, a P/E/G ratio of 3.16 and a beta of 1.23. Moody’s Co. has a 52 week low of $230.16 and a 52 week high of $403.73. The business’s fifty day simple moving average is $262.93 and its two-hundred day simple moving average is $280.45. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 3.08.

Moody’s (NYSE:MCOGet Rating) last posted its quarterly earnings data on Tuesday, October 25th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.16 by ($0.31). Moody’s had a net margin of 27.20% and a return on equity of 66.15%. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the business posted $2.69 EPS. Moody’s’s quarterly revenue was down 16.4% on a year-over-year basis. On average, research analysts anticipate that Moody’s Co. will post 8.46 earnings per share for the current fiscal year.

Moody’s Announces Dividend

The company also recently declared a Variable dividend, which was paid on Monday, October 31st. Shareholders of record on Thursday, October 27th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, October 26th. Moody’s’s dividend payout ratio (DPR) is currently 33.41%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. JPMorgan Chase & Co. decreased their target price on Moody’s from $315.00 to $290.00 in a research report on Thursday, October 13th. Robert W. Baird cut their price target on Moody’s from $302.00 to $289.00 in a report on Wednesday, October 26th. The Goldman Sachs Group raised their price target on Moody’s from $261.00 to $295.00 and gave the stock a “neutral” rating in a report on Wednesday. Argus cut their price target on Moody’s from $340.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, November 2nd. Finally, Stifel Nicolaus cut their price target on Moody’s from $259.00 to $235.00 and set a “hold” rating for the company in a report on Wednesday, October 12th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $291.53.

Moody’s Company Profile

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Moody's Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings and provides assessment services on various debt obligations, programs and facilities, and entities that issue such obligations, such as various corporate, financial institution, and governmental obligations, as well as and structured finance securities.

Further Reading

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

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