Millennium Management LLC Increases Position in Moody’s Co. (MCO)
Millennium Management LLC increased its stake in Moody’s Co. (NYSE:MCO) by 20.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 355,931 shares of the business services provider’s stock after acquiring an additional 61,111 shares during the period. Millennium Management LLC owned about 0.19% of Moody’s worth $60,708,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in MCO. Mn Services Vermogensbeheer B.V. boosted its position in Moody’s by 1.1% during the first quarter. Mn Services Vermogensbeheer B.V. now owns 27,047 shares of the business services provider’s stock valued at $4,363,000 after buying an additional 300 shares during the period. Impax Asset Management LLC boosted its position in Moody’s by 18.8% during the first quarter. Impax Asset Management LLC now owns 1,905 shares of the business services provider’s stock valued at $307,000 after buying an additional 302 shares during the period. Neuburgh Advisers LLC boosted its position in Moody’s by 3.7% during the second quarter. Neuburgh Advisers LLC now owns 8,636 shares of the business services provider’s stock valued at $1,473,000 after buying an additional 306 shares during the period. Pennsylvania Trust Co boosted its position in Moody’s by 15.6% during the second quarter. Pennsylvania Trust Co now owns 2,312 shares of the business services provider’s stock valued at $394,000 after buying an additional 312 shares during the period. Finally, World Asset Management Inc boosted its position in Moody’s by 2.8% during the second quarter. World Asset Management Inc now owns 11,687 shares of the business services provider’s stock valued at $1,993,000 after buying an additional 323 shares during the period. Institutional investors own 87.87% of the company’s stock.
In other news, CFO Linda Huber bought 915 shares of the company’s stock in a transaction dated Monday, August 6th. The stock was bought at an average cost of $172.31 per share, for a total transaction of $157,663.65. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.00% of the company’s stock.
Moody’s stock opened at $177.85 on Wednesday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 10.72. The stock has a market cap of $34.84 billion, a PE ratio of 29.29, a PEG ratio of 2.03 and a beta of 1.10. Moody’s Co. has a 1-year low of $135.71 and a 1-year high of $187.98.
Moody’s (NYSE:MCO) last posted its earnings results on Friday, July 27th. The business services provider reported $2.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.88 by $0.16. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. Moody’s had a net margin of 24.10% and a return on equity of 907.23%. Moody’s’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.54 earnings per share. sell-side analysts predict that Moody’s Co. will post 7.79 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 10th. Stockholders of record on Monday, August 20th were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, August 17th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.99%. Moody’s’s dividend payout ratio is currently 29.00%.
Moody’s Company Profile
Moody's Corporation provides credit ratings; and credit, capital markets, and economic related research, data, and analytical tools worldwide. It operates through two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings on various debt obligations and entities that issue such obligations comprising various corporate and governmental obligations, structured finance securities, and commercial paper programs.
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