Cwm LLC Sells 90 Shares of Moody’s Co. (NYSE:MCO)

Cwm LLC lowered its position in shares of Moody’s Co. (NYSE:MCO) by 2.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,108 shares of the business services provider’s stock after selling 90 shares during the period. Cwm LLC’s holdings in Moody’s were worth $1,475,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Integrated Advisors Network LLC purchased a new stake in Moody’s during the 4th quarter valued at $237,000. Nomura Holdings Inc. bought a new position in shares of Moody’s during the fourth quarter valued at $1,235,000. GAMMA Investing LLC boosted its position in shares of Moody’s by 39.7% during the first quarter. GAMMA Investing LLC now owns 496 shares of the business services provider’s stock valued at $195,000 after buying an additional 141 shares during the last quarter. First Hawaiian Bank increased its holdings in Moody’s by 1.3% in the 1st quarter. First Hawaiian Bank now owns 2,375 shares of the business services provider’s stock worth $933,000 after buying an additional 30 shares in the last quarter. Finally, Tompkins Financial Corp raised its position in Moody’s by 200.0% in the 1st quarter. Tompkins Financial Corp now owns 150 shares of the business services provider’s stock worth $59,000 after buying an additional 100 shares during the last quarter. 92.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Moody’s

In other Moody’s news, insider Stephen T. Tulenko sold 569 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $444.26, for a total transaction of $252,783.94. Following the completion of the sale, the insider now directly owns 8,147 shares of the company’s stock, valued at $3,619,386.22. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Moody’s news, insider Stephen T. Tulenko sold 569 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $444.26, for a total transaction of $252,783.94. Following the completion of the transaction, the insider now owns 8,147 shares of the company’s stock, valued at $3,619,386.22. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Richard G. Steele sold 1,862 shares of Moody’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $455.43, for a total value of $848,010.66. Following the completion of the sale, the senior vice president now directly owns 1,040 shares in the company, valued at $473,647.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,931 shares of company stock valued at $1,332,825. 0.07% of the stock is owned by company insiders.

Moody’s Trading Up 1.6 %

Moody’s stock opened at $487.18 on Wednesday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.59. Moody’s Co. has a 12-month low of $298.86 and a 12-month high of $495.10. The firm has a market capitalization of $88.96 billion, a price-to-earnings ratio of 53.19, a P/E/G ratio of 3.10 and a beta of 1.29. The firm has a 50 day moving average of $475.72 and a 200 day moving average of $434.17.

Moody’s (NYSE:MCO) last announced its quarterly earnings data on Tuesday, July 23rd. The business services provider reported $3.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.06 by $0.22. Moody’s had a net margin of 28.34% and a return on equity of 57.03%. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the prior year, the company posted $2.30 earnings per share. The company’s revenue for the quarter was up 21.6% compared to the same quarter last year. As a group, research analysts predict that Moody’s Co. will post 11.46 earnings per share for the current year.

Moody’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 0.70%. The ex-dividend date was Friday, August 16th. Moody’s’s dividend payout ratio is currently 37.12%.

Analyst Ratings Changes

A number of analysts have recently issued reports on MCO shares. UBS Group raised their price target on shares of Moody’s from $455.00 to $470.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. The Goldman Sachs Group lifted their target price on shares of Moody’s from $460.00 to $514.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd. Morgan Stanley boosted their target price on shares of Moody’s from $451.00 to $462.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. Royal Bank of Canada raised their price target on Moody’s from $450.00 to $475.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Finally, Raymond James cut Moody’s from a “market perform” rating to an “underperform” rating in a research report on Monday, September 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $488.46.

Moody’s Company Profile

Moody’s Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody’s Analytics and Moody’s Investors Services. The Moody’s Analytics segment develops a range of products and services that support the risk management activities of institutional participants in financial markets.