Tdam USA Inc. Lowers Position in Moody’s Co. (NYSE:MCO)

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Tdam USA Inc. lessened its holdings in Moody’s Co. (NYSE:MCO) by 2.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,762 shares of the business services provider’s stock after selling 60 shares during the period. Tdam USA Inc.’s holdings in Moody’s were worth $539,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in Moody’s by 9.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 493,989 shares of the business services provider’s stock valued at $69,179,000 after buying an additional 41,661 shares in the last quarter. Geode Capital Management LLC increased its position in Moody’s by 20.6% in the 4th quarter. Geode Capital Management LLC now owns 2,402,887 shares of the business services provider’s stock valued at $335,962,000 after buying an additional 410,864 shares in the last quarter. Louisiana State Employees Retirement System increased its position in Moody’s by 1.1% in the 1st quarter. Louisiana State Employees Retirement System now owns 8,800 shares of the business services provider’s stock valued at $1,594,000 after buying an additional 100 shares in the last quarter. Retirement Systems of Alabama increased its position in Moody’s by 0.5% in the 1st quarter. Retirement Systems of Alabama now owns 77,375 shares of the business services provider’s stock valued at $14,012,000 after buying an additional 383 shares in the last quarter. Finally, Raymond James Trust N.A. increased its position in Moody’s by 22.1% in the 1st quarter. Raymond James Trust N.A. now owns 2,353 shares of the business services provider’s stock valued at $426,000 after buying an additional 426 shares in the last quarter. Institutional investors own 92.85% of the company’s stock.

In other news, insider Raymond W. Mcdaniel sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $212.89, for a total value of $1,596,675.00. Following the completion of the transaction, the insider now directly owns 205,294 shares of the company’s stock, valued at $43,705,039.66. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Raymond W. Mcdaniel sold 55,422 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $182.23, for a total value of $10,099,551.06. Following the completion of the transaction, the insider now directly owns 275,716 shares of the company’s stock, valued at $50,243,726.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 74,603 shares of company stock valued at $14,061,969. 0.90% of the stock is currently owned by corporate insiders.

MCO traded up $3.47 during midday trading on Thursday, reaching $209.98. 4,540 shares of the company were exchanged, compared to its average volume of 744,511. The company has a debt-to-equity ratio of 10.04, a quick ratio of 1.71 and a current ratio of 1.71. The stock has a fifty day moving average of $204.29. The company has a market cap of $40.32 billion, a P/E ratio of 28.23 and a beta of 1.26. Moody’s Co. has a one year low of $129.26 and a one year high of $220.68.

Moody’s (NYSE:MCO) last released its earnings results on Wednesday, July 31st. The business services provider reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.09. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.20 billion. Moody’s had a return on equity of 266.42% and a net margin of 27.66%. Moody’s’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.04 earnings per share. On average, sell-side analysts forecast that Moody’s Co. will post 8.02 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Monday, August 19th. Moody’s’s dividend payout ratio is presently 27.06%.

MCO has been the subject of a number of research analyst reports. BMO Capital Markets boosted their target price on Moody’s from $189.00 to $194.00 and gave the company a “market perform” rating in a research report on Thursday, April 25th. Stifel Nicolaus boosted their target price on Moody’s from $214.00 to $228.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Barclays reaffirmed a “buy” rating on shares of Moody’s in a research report on Sunday, August 4th. Morgan Stanley boosted their target price on Moody’s from $150.00 to $164.00 and gave the company an “underweight” rating in a research report on Wednesday, July 10th. Finally, Cantor Fitzgerald boosted their target price on Moody’s from $168.00 to $192.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $200.27.

Moody’s Profile

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

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

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