Everpar Advisors LLC Sells 33 Shares of Moody’s Co. (NYSE:MCO)

Everpar Advisors LLC lessened its position in shares of Moody’s Co. (NYSE:MCO) by 5.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 628 shares of the business services provider’s stock after selling 33 shares during the quarter. Everpar Advisors LLC’s holdings in Moody’s were worth $292,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Avidian Wealth Enterprises LLC purchased a new stake in Moody’s during the 4th quarter worth approximately $202,000. Van ECK Associates Corp grew its position in Moody’s by 1.1% during the 4th quarter. Van ECK Associates Corp now owns 33,504 shares of the business services provider’s stock worth $15,860,000 after purchasing an additional 351 shares during the last quarter. Avestar Capital LLC grew its position in Moody’s by 9.1% during the 4th quarter. Avestar Capital LLC now owns 793 shares of the business services provider’s stock worth $375,000 after purchasing an additional 66 shares during the last quarter. Asset Management One Co. Ltd. grew its position in Moody’s by 0.8% during the 4th quarter. Asset Management One Co. Ltd. now owns 64,754 shares of the business services provider’s stock worth $30,872,000 after purchasing an additional 530 shares during the last quarter. Finally, Catalyst Financial Partners LLC grew its position in Moody’s by 5.1% during the 4th quarter. Catalyst Financial Partners LLC now owns 451 shares of the business services provider’s stock worth $213,000 after purchasing an additional 22 shares during the last quarter. Institutional investors own 92.11% of the company’s stock.

Moody’s Stock Performance

Shares of NYSE MCO opened at $471.57 on Friday. The company’s fifty day moving average price is $461.41 and its 200 day moving average price is $473.29. Moody’s Co. has a 1 year low of $378.71 and a 1 year high of $531.93. The company has a market capitalization of $84.84 billion, a PE ratio of 41.84, a price-to-earnings-growth ratio of 2.87 and a beta of 1.39. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.67 and a current ratio of 1.47.

Moody’s (NYSE:MCO) last announced its quarterly earnings results on Tuesday, April 22nd. The business services provider reported $3.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.58 by $0.25. Moody’s had a net margin of 29.03% and a return on equity of 58.94%. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.90 billion. On average, research analysts predict that Moody’s Co. will post 13.95 earnings per share for the current year.

Moody’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date was Friday, May 16th. Moody’s’s dividend payout ratio is presently 32.47%.

Wall Street Analyst Weigh In

Several analysts have weighed in on MCO shares. Stifel Nicolaus dropped their target price on shares of Moody’s from $533.00 to $468.00 and set a “hold” rating on the stock in a research report on Wednesday, April 23rd. Robert W. Baird dropped their target price on shares of Moody’s from $575.00 to $525.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 23rd. Wells Fargo & Company dropped their target price on shares of Moody’s from $610.00 to $572.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. BMO Capital Markets dropped their price objective on shares of Moody’s from $475.00 to $456.00 and set a “market perform” rating on the stock in a report on Wednesday, April 23rd. Finally, Oppenheimer upped their price objective on shares of Moody’s from $489.00 to $523.00 and gave the company an “outperform” rating in a report on Thursday, June 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $519.40.

Insiders Place Their Bets

In other Moody’s news, CEO Robert Fauber sold 415 shares of the company’s stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $437.80, for a total transaction of $181,687.00. Following the completion of the transaction, the chief executive officer now directly owns 62,690 shares in the company, valued at approximately $27,445,682. This represents a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.14% of the stock is currently owned by company insiders.

Moody’s Profile

Moody’s Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody’s Analytics and Moody’s Investors Services. The Moody’s Analytics segment develops a range of products and services that support the risk management activities of institutional participants in financial markets.