Daymark Wealth Partners LLC Makes New $208,000 Investment in Moody’s Co. (NYSE:MCO)

Daymark Wealth Partners LLC purchased a new stake in Moody’s Co. (NYSE:MCO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 437 shares of the business services provider’s stock, valued at approximately $208,000.

Other large investors have also made changes to their positions in the company. Benjamin Edwards Inc. acquired a new position in Moody’s in the first quarter valued at about $25,000. New Covenant Trust Company N.A. acquired a new stake in shares of Moody’s during the first quarter worth about $27,000. Versant Capital Management Inc lifted its holdings in shares of Moody’s by 114.3% during the 2nd quarter. Versant Capital Management Inc now owns 75 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 40 shares in the last quarter. Rise Advisors LLC acquired a new position in shares of Moody’s in the 1st quarter valued at approximately $35,000. Finally, Y.D. More Investments Ltd bought a new stake in Moody’s during the 2nd quarter worth approximately $35,000. Institutional investors own 92.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Oppenheimer lifted their price target on shares of Moody’s from $492.00 to $536.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Morgan Stanley boosted their price objective on shares of Moody’s from $451.00 to $462.00 and gave the company an “equal weight” rating in a research report on Wednesday. The Goldman Sachs Group increased their target price on Moody’s from $460.00 to $514.00 and gave the stock a “neutral” rating in a report on Tuesday, September 3rd. BMO Capital Markets lowered Moody’s from an “outperform” rating to a “market perform” rating and cut their price target for the company from $482.00 to $455.00 in a report on Wednesday, July 24th. Finally, StockNews.com upgraded Moody’s from a “hold” rating to a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $487.77.

Moody’s Price Performance

NYSE:MCO opened at $475.11 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.59. The firm has a fifty day simple moving average of $474.18 and a 200 day simple moving average of $432.31. Moody’s Co. has a 1-year low of $298.86 and a 1-year high of $495.10. The stock has a market capitalization of $86.76 billion, a PE ratio of 51.87, a P/E/G ratio of 3.10 and a beta of 1.29.

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

Moody’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were given a $0.85 dividend. The ex-dividend date was Friday, August 16th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.72%. Moody’s’s payout ratio is 37.12%.

Insider Transactions at Moody’s

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

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.