Morningstar (NASDAQ:MORN) Receiving Somewhat Positive Media Coverage, Analysis Shows
Media stories about Morningstar (NASDAQ:MORN) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Morningstar earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned press coverage about the business services provider an impact score of 45.5859909196838 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- Positive Sales Performance for Nordstrom in 2nd Quarter (finance.yahoo.com)
- Kohl’s Shows Signs of Stabilizing, Sales Still Negative (finance.yahoo.com)
- Pimco Income Fund, overseen by Ivascyn, attracts $2.65 bln inflows in July (feeds.reuters.com)
- See what the IHS Markit Score report has to say about Morningstar Inc. (finance.yahoo.com)
- Emerging-Markets Fund Had a Tough Year After Losing a Star (wsj.com)
Morningstar (NASDAQ MORN) opened at 82.04 on Friday. Morningstar has a one year low of $67.74 and a one year high of $84.68. The stock’s 50 day moving average is $80.09 and its 200 day moving average is $77.60. The firm has a market capitalization of $3.49 billion, a P/E ratio of 21.53 and a beta of 0.75.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, July 7th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date was Wednesday, July 5th. Morningstar’s payout ratio is presently 24.08%.
Separately, BidaskClub upgraded shares of Morningstar from a “hold” rating to a “buy” rating in a report on Friday, June 30th.
In related news, insider Tricia Rothschild sold 500 shares of Morningstar stock in a transaction on Friday, July 28th. The shares were sold at an average price of $82.21, for a total value of $41,105.00. Following the transaction, the insider now owns 7,652 shares in the company, valued at approximately $629,070.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Bevin Desmond sold 3,002 shares of Morningstar stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $83.21, for a total transaction of $249,796.42. Following the completion of the transaction, the insider now owns 34,040 shares in the company, valued at approximately $2,832,468.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,002 shares of company stock worth $332,401. 57.40% of the stock is owned by corporate insiders.
Morningstar, Inc is a provider of independent investment research in North America, Europe, Australia, and Asia. The Company focuses to create products that help investors reach their financial goals. It offers a range of data, software, research, and investment management offerings for financial advisors, asset managers, sponsors, and individual investors.
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