Moody’s Co. (MCO) is DF Dent & Co. Inc.’s 7th Largest Position
DF Dent & Co. Inc. lessened its stake in Moody’s Co. (NYSE:MCO) by 5.6% in the 2nd quarter, Holdings Channel reports. The firm owned 819,032 shares of the business services provider’s stock after selling 48,362 shares during the period. Moody’s comprises about 3.1% of DF Dent & Co. Inc.’s portfolio, making the stock its 7th largest holding. DF Dent & Co. Inc.’s holdings in Moody’s were worth $139,694,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the stock. Voya Investment Management LLC grew its stake in shares of Moody’s by 223.2% in the second quarter. Voya Investment Management LLC now owns 858,597 shares of the business services provider’s stock worth $146,442,000 after acquiring an additional 592,956 shares in the last quarter. BlackRock Inc. grew its stake in shares of Moody’s by 3.5% in the first quarter. BlackRock Inc. now owns 10,928,167 shares of the business services provider’s stock worth $1,762,712,000 after acquiring an additional 370,256 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Moody’s by 80.6% in the first quarter. Wells Fargo & Company MN now owns 730,412 shares of the business services provider’s stock worth $117,815,000 after acquiring an additional 326,025 shares in the last quarter. NN Investment Partners Holdings N.V. grew its stake in shares of Moody’s by 1,282.3% in the second quarter. NN Investment Partners Holdings N.V. now owns 331,802 shares of the business services provider’s stock worth $56,590,000 after acquiring an additional 307,798 shares in the last quarter. Finally, Winslow Capital Management LLC grew its stake in shares of Moody’s by 20.6% in the first quarter. Winslow Capital Management LLC now owns 1,651,735 shares of the business services provider’s stock worth $266,425,000 after acquiring an additional 282,513 shares in the last quarter. Hedge funds and other institutional investors own 87.88% of the company’s stock.
In other news, CFO Linda Huber acquired 915 shares of the firm’s stock in a transaction dated Monday, August 6th. The stock was acquired at an average cost of $172.31 per share, with a total value of $157,663.65. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.00% of the stock is currently owned by insiders.
Moody’s stock opened at $179.26 on Friday. The firm has a market cap of $34.33 billion, a PE ratio of 25.23, a PEG ratio of 2.00 and a beta of 1.10. Moody’s Co. has a 12-month low of $134.42 and a 12-month high of $187.98. The company has a debt-to-equity ratio of 10.72, a current ratio of 1.54 and a quick ratio of 1.54.
Moody’s (NYSE:MCO) last released its quarterly earnings data on Friday, July 27th. The business services provider reported $2.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.88 by $0.16. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Moody’s had a net margin of 24.10% and a return on equity of 907.23%. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.54 EPS. sell-side analysts forecast that Moody’s Co. will post 7.8 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 10th. Stockholders of record on Monday, August 20th were given a dividend of $0.44 per share. The ex-dividend date was Friday, August 17th. This represents a $1.76 annualized dividend and a dividend yield of 0.98%. Moody’s’s dividend payout ratio (DPR) 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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