Has $173000 Stake in Moody's Corporation (MCO)

Xavier Trudeau
Août 12, 2017

Westbourne Investment Advisors Inc.'s holdings in Moody's Corporation were worth $944,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Harris Associates L P purchased a new stake in shares of Moody's Corporation during the first quarter valued at $378,890,000. Federated Investors Inc. PA now owns 4,304 shares of the business services provider's stock worth $406,000 after buying an additional 19 shares in the last quarter. Cleararc Capital Inc. raised its position in shares of Moody's Corporation by 0.5% in the first quarter. Baskin Financial Services Inc. now owns 90,343 shares of the business services provider's stock worth $10,993,000 after buying an additional 2,570 shares during the period. Regentatlantic Capital LLC acquired a new stake in Moody's Corporation during the second quarter worth approximately $259,000. As of quarter end Amalgamated Bank had bought 6,917 shares growing its position 54.6%.

Investec Asset Management Ltd says it increased its stake in Moody's Corporation stock by 44,627 shares in a 13F filing with the SEC. The value of the investment in MCO went from $1,420,000 to $2,384,000 a change of 67.9% quarter over quarter. Finally, Whittier Trust Co. raised its position in shares of Moody's Corporation by 0.8% in the first quarter.

Shares of Moody's Corporation (NYSE MCO) traded up 0.67% during trading on Friday, hitting $127.76.

It is now trading at $126.91 a tad higher than $126.28, the 50 day moving average and a great deal higher than the 200 day moving average of $116.63. Moody's Corporation has a 52-week low of $93.51 and a 52-week high of $135.20.

The most current P/E ratio is 50.99 and the market value is 24.24B.

Moody's Corporation (NYSE:MCO) last issued its quarterly earnings data on Friday, July 21st. The business services provider reported $1.51 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.33 by $0.18. Moody's Corporation had a net margin of 12.63% and a negative return on equity of 167.31%. Next quarter's EPS is forecasted to be $1.26 and the next full year EPS is anticipated to be $5.87. Moody's Corporation's revenue for the quarter was up 7.7% compared to the same quarter previous year. On average, equities analysts anticipate that Moody's Corporation will post $5.51 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Tuesday, August 22nd will be issued a dividend of $0.38 per share. The ex-dividend date has been established as Thursday the 18th of May 2017. This represents a $1.52 dividend on an annualized basis and a yield of 1.20%. Moody's Corporation's payout ratio is 61.29%. If you are reading this news story on another domain, it was copied illegally and reposted in violation of USA & global copyright & trademark legislation.

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A number of research analysts have recently commented on MCO shares. UBS AG reissued a "neutral" rating and issued a $138.00 target price (up previously from $121.00) on shares of Moody's Corporation in a report on Tuesday, July 25th. Morgan Stanley lifted their price target on Moody's Corporation from $117.00 to $118.00 and gave the company an "equal weight" rating in a research note on Friday, April 28th. Cantor Fitzgerald restated a "hold" rating and issued a $116.00 target price on shares of Moody's Corporation in a research note on Monday, May 8th. Barclays PLC restated a "hold" rating and issued a $118.00 target price on shares of Moody's Corporation in a report on Thursday, April 27th. Six analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock.

7/11/2017 - Moody's Corporation was downgraded by analysts at Zacks Investment Research from a "hold" rating to a "sell" rating. Following the completion of the transaction, the director now directly owns 22,268 shares in the company, valued at $2,708,679.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last three months, insiders have sold 257,828 shares of company stock worth $30,938,654. The shares were sold at an average price of $113.35, for a total value of $6,989,954.45. Following the transaction, the vice president now directly owns 77,836 shares in the company, valued at approximately $9,301,402. The disclosure for this sale can be found here. Insiders own 1.17% of the company's stock.

Moody's Corporation (Moody's) is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk management services, quantitative credit risk measures, financial services training and certification services, and research and analytical services to financial institution customers.

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