Farr Miller & Washington LLC DC Purchases Shares of 810 Moody’s Co. (NYSE:MCO)

Farr Miller & Washington LLC DC purchased a new stake in shares of Moody’s Co. (NYSE:MCO) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 810 shares of the business services provider’s stock, valued at approximately $242,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. American National Bank grew its holdings in Moody’s by 19.4% during the 1st quarter. American National Bank now owns 197 shares of the business services provider’s stock valued at $59,000 after buying an additional 32 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in Moody’s by 4.6% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 769 shares of the business services provider’s stock valued at $230,000 after buying an additional 34 shares in the last quarter. Federated Hermes Inc. grew its holdings in Moody’s by 2.7% during the 4th quarter. Federated Hermes Inc. now owns 1,459 shares of the business services provider’s stock valued at $423,000 after buying an additional 38 shares in the last quarter. Glassman Wealth Services grew its holdings in Moody’s by 40.4% during the 1st quarter. Glassman Wealth Services now owns 132 shares of the business services provider’s stock valued at $39,000 after buying an additional 38 shares in the last quarter. Finally, MAI Capital Management grew its holdings in Moody’s by 2.5% during the 1st quarter. MAI Capital Management now owns 1,549 shares of the business services provider’s stock valued at $463,000 after buying an additional 38 shares in the last quarter. Institutional investors and hedge funds own 89.69% of the company’s stock.

In other news, insider Michael L. West sold 783 shares of Moody’s stock in a transaction on Tuesday, May 4th. The stock was sold at an average price of $329.00, for a total value of $257,607.00. Following the transaction, the insider now directly owns 7,181 shares in the company, valued at approximately $2,362,549. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert Fauber sold 447 shares of Moody’s stock in a transaction on Thursday, July 1st. The shares were sold at an average price of $362.50, for a total value of $162,037.50. The disclosure for this sale can be found here. Insiders sold a total of 8,085 shares of company stock worth $2,690,104 over the last quarter. Company insiders own 0.50% of the company’s stock.

Shares of NYSE MCO opened at $379.00 on Thursday. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 2.85. The firm’s fifty day moving average price is $351.52. The company has a market cap of $70.95 billion, a price-to-earnings ratio of 32.90, a PEG ratio of 3.30 and a beta of 1.17. Moody’s Co. has a twelve month low of $253.17 and a twelve month high of $381.01.

Moody’s (NYSE:MCO) last issued its earnings results on Wednesday, April 28th. The business services provider reported $4.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.80 by $1.26. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.39 billion. Moody’s had a return on equity of 125.60% and a net margin of 35.66%. Moody’s’s revenue was up 24.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.73 EPS. On average, equities research analysts anticipate that Moody’s Co. will post 11.42 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 10th. Shareholders of record on Thursday, May 20th were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date was Wednesday, May 19th. Moody’s’s dividend payout ratio (DPR) is presently 24.43%.

A number of equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their target price on Moody’s from $315.00 to $325.00 and gave the stock a “hold” rating in a report on Thursday, April 29th. Argus lifted their target price on Moody’s from $325.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday, May 5th. Royal Bank of Canada assumed coverage on Moody’s in a report on Wednesday, July 7th. They issued an “outperform” rating and a $409.00 target price for the company. BMO Capital Markets lifted their target price on Moody’s from $312.00 to $348.00 and gave the stock an “outperform” rating in a report on Wednesday, April 14th. Finally, Zacks Investment Research upgraded Moody’s from a “hold” rating to a “buy” rating and set a $395.00 target price for the company in a report on Tuesday, June 29th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $361.75.

Moody’s Profile

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; and structured finance securities.

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

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