Dockside LLC Buys New Shares in Moody’s Corporation $MCO

Dockside LLC bought a new stake in Moody’s Corporation (NYSE:MCO) during the fourth quarter, HoldingsChannel reports. The firm bought 12,057 shares of the business services provider’s stock, valued at approximately $6,159,000. Moody’s comprises about 1.6% of Dockside LLC’s holdings, making the stock its 11th largest holding.

Other institutional investors have also recently bought and sold shares of the company. California Public Employees Retirement System increased its position in Moody’s by 3.6% during the third quarter. California Public Employees Retirement System now owns 298,104 shares of the business services provider’s stock worth $142,041,000 after buying an additional 10,434 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in Moody’s by 39.0% during the third quarter. Crossmark Global Holdings Inc. now owns 15,130 shares of the business services provider’s stock worth $7,209,000 after buying an additional 4,247 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Moody’s by 5.4% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 316,969 shares of the business services provider’s stock worth $151,029,000 after buying an additional 16,099 shares during the last quarter. Cibc World Market Inc. increased its position in Moody’s by 98.3% during the third quarter. Cibc World Market Inc. now owns 14,845 shares of the business services provider’s stock worth $7,073,000 after buying an additional 7,359 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co increased its position in Moody’s by 24.5% during the third quarter. Elo Mutual Pension Insurance Co now owns 23,476 shares of the business services provider’s stock worth $11,186,000 after buying an additional 4,625 shares during the last quarter. Institutional investors and hedge funds own 92.11% of the company’s stock.

Moody’s Price Performance

Moody’s stock opened at $448.12 on Friday. Moody’s Corporation has a 12 month low of $402.28 and a 12 month high of $546.88. The stock’s 50 day moving average is $448.68 and its 200-day moving average is $469.30. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.03. The company has a market capitalization of $78.29 billion, a price-to-earnings ratio of 32.12, a PEG ratio of 2.41 and a beta of 1.35.

Moody’s (NYSE:MCO) last posted its earnings results on Wednesday, April 22nd. The business services provider reported $4.33 EPS for the quarter, beating the consensus estimate of $4.22 by $0.11. Moody’s had a return on equity of 70.97% and a net margin of 31.69%.The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the prior year, the business earned $3.83 earnings per share. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. Moody’s has set its FY 2026 guidance at 16.400-17.000 EPS. Equities research analysts expect that Moody’s Corporation will post 16.69 EPS for the current year.

Moody’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 15th were given a $1.03 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.12 annualized dividend and a dividend yield of 0.9%. Moody’s’s dividend payout ratio is presently 29.53%.

Wall Street Analysts Forecast Growth

MCO has been the topic of a number of recent analyst reports. Bank of America reissued a “buy” rating and set a $565.00 price target on shares of Moody’s in a research report on Wednesday, April 22nd. Evercore reissued an “outperform” rating and set a $610.00 price target on shares of Moody’s in a research report on Thursday, February 19th. Morgan Stanley lowered their price target on Moody’s from $526.00 to $489.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 7th. Weiss Ratings downgraded Moody’s from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 27th. Finally, The Goldman Sachs Group set a $531.00 target price on Moody’s in a research report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $544.29.

Insider Activity at Moody’s

In other news, CEO Robert Fauber sold 1,467 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $466.39, for a total value of $684,194.13. Following the transaction, the chief executive officer owned 75,189 shares of the company’s stock, valued at approximately $35,067,397.71. This represents a 1.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard G. Steele sold 158 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $453.67, for a total value of $71,679.86. Following the completion of the sale, the senior vice president owned 1,985 shares of the company’s stock, valued at approximately $900,534.95. This trade represents a 7.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 4,717 shares of company stock worth $2,137,306 in the last ninety days. 0.14% of the stock is owned by company insiders.

Moody’s Profile

Moody’s Corporation is a global provider of credit ratings, research, data and analytics that support financial decision-making and transparency in capital markets. The company traces its origins to the early 20th century when financial analyst John Moody began publishing credit information; today Moody’s is headquartered in New York and serves a broad set of market participants including investors, issuers, financial institutions, corporations, governments and regulators.

Moody’s operates primarily through two complementary businesses.