Dodge & Cox decreased its holdings in Moody’s Corporation (NYSE:MCO) by 15.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,800 shares of the business services provider’s stock after selling 500 shares during the period. Dodge & Cox’s holdings in Moody’s Corporation were worth $341,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the stock. California Public Employees Retirement System lifted its holdings in shares of Moody’s Corporation by 3.7% in the 2nd quarter. California Public Employees Retirement System now owns 471,800 shares of the business services provider’s stock valued at $57,409,000 after acquiring an additional 16,700 shares during the last quarter. MML Investors Services LLC lifted its holdings in shares of Moody’s Corporation by 34.6% in the 2nd quarter. MML Investors Services LLC now owns 3,757 shares of the business services provider’s stock valued at $457,000 after acquiring an additional 966 shares during the last quarter. TIAA FSB bought a new position in shares of Moody’s Corporation in the 2nd quarter valued at about $8,883,000. FMR LLC lifted its holdings in shares of Moody’s Corporation by 1.4% in the 2nd quarter. FMR LLC now owns 2,481,997 shares of the business services provider’s stock valued at $302,010,000 after acquiring an additional 33,600 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Moody’s Corporation by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 16,203,350 shares of the business services provider’s stock valued at $1,971,623,000 after acquiring an additional 463,669 shares during the last quarter. 88.74% of the stock is owned by hedge funds and other institutional investors.

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A number of research analysts recently commented on the stock. Barclays PLC increased their price target on shares of Moody’s Corporation from $135.00 to $150.00 and gave the company an “equal weight” rating in a report on Friday, September 15th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $131.00 price target (up previously from $122.00) on shares of Moody’s Corporation in a report on Tuesday, July 25th. BMO Capital Markets reissued a “market perform” rating and issued a $136.00 price objective (up previously from $135.00) on shares of Moody’s Corporation in a research note on Wednesday, September 6th. Credit Suisse Group reissued a “neutral” rating and issued a $137.00 price objective (up previously from $131.00) on shares of Moody’s Corporation in a research note on Wednesday, August 30th. They noted that the move was a valuation call. Finally, UBS AG reissued a “neutral” rating and issued a $138.00 price objective (up previously from $121.00) on shares of Moody’s Corporation in a research note on Tuesday, July 25th. Six investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $138.86.

In other news, Director Darrell Duffie sold 500 shares of the company’s stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $121.64, for a total value of $60,820.00. Following the transaction, the director now directly owns 22,268 shares in the company, valued at approximately $2,708,679.52. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Raymond W. Mcdaniel sold 61,666 shares of the company’s stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $123.23, for a total transaction of $7,599,101.18. Following the completion of the transaction, the insider now owns 308,760 shares in the company, valued at $38,048,494.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 152,598 shares of company stock worth $19,560,320. Company insiders own 1.17% of the company’s stock.

Shares of Moody’s Corporation (NYSE MCO) opened at 138.03 on Friday. Moody’s Corporation has a 1-year low of $93.51 and a 1-year high of $138.28. The stock’s 50 day moving average is $132.31 and its 200 day moving average is $121.66. The company has a market cap of $26.37 billion, a P/E ratio of 55.46 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 the consensus estimate 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 period in the prior year, the business posted $1.30 EPS. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, analysts predict that Moody’s Corporation will post $5.66 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Tuesday, August 22nd were issued a $0.38 dividend. The ex-dividend date was Friday, August 18th. This represents a $1.52 annualized dividend and a dividend yield of 1.10%. Moody’s Corporation’s dividend payout ratio is currently 61.29%.

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

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