Moody’s Co. (NYSE:MCO) Shares Sold by Blue Edge Capital LLC


Share on StockTwits

Blue Edge Capital LLC decreased its position in shares of Moody’s Co. (NYSE:MCO) by 54.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,643 shares of the business services provider’s stock after selling 6,760 shares during the quarter. Blue Edge Capital LLC’s holdings in Moody’s were worth $1,638,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Freestone Capital Holdings LLC purchased a new stake in shares of Moody’s during the 3rd quarter worth approximately $32,000. Magellan Asset Management Ltd purchased a new stake in Moody’s in the 3rd quarter valued at approximately $38,000. First Horizon Advisors Inc. lifted its stake in Moody’s by 59.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 139 shares of the business services provider’s stock valued at $40,000 after buying an additional 52 shares in the last quarter. Private Capital Group LLC lifted its stake in Moody’s by 125.3% in the 4th quarter. Private Capital Group LLC now owns 169 shares of the business services provider’s stock valued at $49,000 after buying an additional 94 shares in the last quarter. Finally, Rockbridge Investment Management LCC purchased a new stake in Moody’s in the 3rd quarter valued at approximately $49,000. 89.31% of the stock is currently owned by institutional investors and hedge funds.

In other Moody’s news, EVP John J. Goggins sold 16,223 shares of the firm’s stock in a transaction dated Wednesday, December 16th. The shares were sold at an average price of $278.58, for a total value of $4,519,403.34. Following the transaction, the executive vice president now owns 23,741 shares of the company’s stock, valued at $6,613,767.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Raymond W. Mcdaniel sold 42,662 shares of the firm’s stock in a transaction dated Monday, November 30th. The stock was sold at an average price of $279.99, for a total transaction of $11,944,933.38. Following the completion of the transaction, the chief executive officer now directly owns 270,908 shares in the company, valued at approximately $75,851,530.92. The disclosure for this sale can be found here. Company insiders own 0.79% of the company’s stock.

A number of equities research analysts recently issued reports on MCO shares. Raymond James reaffirmed a “hold” rating on shares of Moody’s in a research note on Thursday, December 31st. Atlantic Securities raised Moody’s from a “neutral” rating to an “overweight” rating in a research note on Thursday, November 26th. Barclays upped their target price on Moody’s from $305.00 to $320.00 and gave the company an “overweight” rating in a research note on Thursday, December 17th. Deutsche Bank Aktiengesellschaft started coverage on Moody’s in a research note on Monday, November 30th. They issued a “hold” rating and a $300.00 target price on the stock. Finally, Morgan Stanley cut their price target on Moody’s from $300.00 to $292.00 and set an “equal weight” rating for the company in a report on Wednesday, January 6th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Moody’s presently has a consensus rating of “Buy” and an average target price of $299.73.

Shares of MCO stock traded down $2.57 on Tuesday, reaching $274.46. 16,025 shares of the stock were exchanged, compared to its average volume of 806,216. The stock has a market cap of $51.54 billion, a P/E ratio of 28.83, a price-to-earnings-growth ratio of 2.67 and a beta of 1.18. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 3.77. The firm has a 50 day moving average of $274.90 and a two-hundred day moving average of $280.01. Moody’s Co. has a 1-year low of $164.19 and a 1-year high of $305.95.

Moody’s (NYSE:MCO) last posted its quarterly earnings data on Thursday, February 11th. The business services provider reported $1.91 earnings per share for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.06). The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Moody’s had a net margin of 34.31% and a return on equity of 170.55%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.00 earnings per share. On average, equities research analysts predict that Moody’s Co. will post 10.17 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 18th. Stockholders of record on Thursday, February 25th will be given a dividend of $0.62 per share. This is a boost from Moody’s’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Wednesday, February 24th. This represents a $2.48 annualized dividend and a dividend yield of 0.90%. Moody’s’s dividend payout ratio (DPR) is presently 27.02%.

About Moody’s

Moody's Corporation provides credit ratings and assessment services; and credit, capital markets, and economic 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 and provides assessment services on various debt obligations and entities that issue such obligations, such as various corporate and governmental obligations, structured finance securities, and commercial paper programs.

Featured Article: How to Use the MarketBeat Retirement Calculator

Want to see what other hedge funds are holding MCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Moody’s Co. (NYSE:MCO).

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

Receive News & Ratings for Moody's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moody's and related companies with MarketBeat.com's FREE daily email newsletter.