Canada Post Corp Registered Pension Plan Sells 3,667 Shares of Moody’s Corporation $MCO

Canada Post Corp Registered Pension Plan trimmed its position in Moody’s Corporation (NYSE:MCO) by 15.6% in the third quarter, Holdings Channel reports. The fund owned 19,823 shares of the business services provider’s stock after selling 3,667 shares during the quarter. Canada Post Corp Registered Pension Plan’s holdings in Moody’s were worth $9,531,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Rexford Capital Inc. bought a new position in Moody’s in the second quarter valued at about $25,000. Newbridge Financial Services Group Inc. bought a new position in Moody’s in the 2nd quarter valued at approximately $25,000. Johnson Financial Group Inc. acquired a new stake in Moody’s during the 2nd quarter worth approximately $28,000. Heartwood Wealth Advisors LLC bought a new stake in Moody’s during the 3rd quarter worth approximately $31,000. Finally, Salomon & Ludwin LLC acquired a new position in Moody’s in the 3rd quarter valued at approximately $38,000. Institutional investors and hedge funds own 92.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MCO shares. Wells Fargo & Company lifted their price target on shares of Moody’s from $620.00 to $660.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Moody’s in a research report on Friday, October 31st. Mizuho increased their price target on Moody’s from $539.00 to $550.00 and gave the company a “neutral” rating in a research note on Tuesday, October 28th. Raymond James Financial raised Moody’s from an “underperform” rating to a “market perform” rating in a research note on Friday, October 17th. Finally, Evercore increased their target price on shares of Moody’s from $540.00 to $620.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $560.94.

Moody’s Price Performance

Moody’s stock opened at $453.78 on Friday. The stock has a market capitalization of $80.95 billion, a price-to-earnings ratio of 36.48, a PEG ratio of 2.12 and a beta of 1.44. Moody’s Corporation has a 52-week low of $378.71 and a 52-week high of $546.88. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.84 and a current ratio of 1.84. The stock’s 50 day moving average price is $508.26 and its two-hundred day moving average price is $499.42.

Insider Buying and Selling

In other Moody’s news, CEO Robert Fauber sold 575 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $498.90, for a total value of $286,867.50. Following the completion of the sale, the chief executive officer directly owned 61,082 shares in the company, valued at approximately $30,473,809.80. This trade represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.14% of the company’s stock.

Moody’s Profile

Moody’s Corporation is a global provider of credit ratings, research, data and analytics that support financial decision-making and transparency in capital markets. The company traces its origins to the early 20th century when financial analyst John Moody began publishing credit information; today Moody’s is headquartered in New York and serves a broad set of market participants including investors, issuers, financial institutions, corporations, governments and regulators.

Moody’s operates primarily through two complementary businesses.