Dock Street Asset Management Inc. Sells 478 Shares of Moody’s Co. (NYSE:MCO)

Dock Street Asset Management Inc. decreased its position in Moody’s Co. (NYSE:MCO) by 2.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,830 shares of the business services provider’s stock after selling 478 shares during the period. Moody’s makes up approximately 1.4% of Dock Street Asset Management Inc.’s holdings, making the stock its 20th biggest position. Dock Street Asset Management Inc.’s holdings in Moody’s were worth $11,280,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MCO. Planning Capital Management Corp lifted its holdings in shares of Moody’s by 566.7% during the third quarter. Planning Capital Management Corp now owns 60 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 51 shares in the last quarter. Larson Financial Group LLC lifted its stake in Moody’s by 272.2% during the 3rd quarter. Larson Financial Group LLC now owns 67 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 49 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in shares of Moody’s during the 3rd quarter valued at about $36,000. Asset Dedication LLC raised its holdings in shares of Moody’s by 83.0% during the third quarter. Asset Dedication LLC now owns 86 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 39 shares during the last quarter. Finally, Albion Financial Group UT bought a new position in Moody’s during the fourth quarter valued at approximately $45,000. 92.11% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Robert Fauber sold 281 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $474.86, for a total value of $133,435.66. Following the completion of the transaction, the chief executive officer now owns 61,894 shares of the company’s stock, valued at approximately $29,390,984.84. This trade represents a 0.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 1,124 shares of company stock worth $540,051 over the last 90 days. Corporate insiders own 0.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus boosted their target price on shares of Moody’s from $454.00 to $459.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. StockNews.com raised Moody’s from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Oppenheimer upped their price target on shares of Moody’s from $543.00 to $545.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. UBS Group boosted their target price on shares of Moody’s from $495.00 to $510.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Robert W. Baird increased their price target on shares of Moody’s from $490.00 to $512.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $507.36.

Moody’s Price Performance

Shares of NYSE:MCO opened at $502.46 on Friday. The firm has a market cap of $91.05 billion, a price-to-earnings ratio of 45.89, a P/E/G ratio of 2.91 and a beta of 1.31. Moody’s Co. has a fifty-two week low of $360.05 and a fifty-two week high of $505.77. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.67 and a current ratio of 1.67. The firm has a fifty day moving average price of $482.92 and a 200 day moving average price of $475.85.

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.