Hexagon Capital Partners LLC trimmed its stake in Moody’s Co. (NYSE:MCO – Get Rating) by 15.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 264 shares of the business services provider’s stock after selling 47 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Moody’s were worth $74,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also made changes to their positions in the company. BDO Wealth Advisors LLC increased its holdings in Moody’s by 110.0% in the third quarter. BDO Wealth Advisors LLC now owns 126 shares of the business services provider’s stock worth $31,000 after buying an additional 66 shares during the last quarter. Ronald Blue Trust Inc. acquired a new position in Moody’s in the second quarter worth approximately $41,000. Accurate Wealth Management LLC acquired a new position in Moody’s in the fourth quarter worth approximately $47,000. Guardian Wealth Advisors LLC acquired a new position in Moody’s in the third quarter worth approximately $56,000. Finally, MinichMacGregor Wealth Management LLC acquired a new position in Moody’s in the fourth quarter worth approximately $60,000. 90.84% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, CEO Robert Fauber sold 2,000 shares of the firm’s stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $285.15, for a total value of $570,300.00. Following the completion of the transaction, the chief executive officer now directly owns 67,838 shares of the company’s stock, valued at $19,344,005.70. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Moody’s news, CEO Robert Fauber sold 2,000 shares of Moody’s stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $285.15, for a total transaction of $570,300.00. Following the completion of the transaction, the chief executive officer now directly owns 67,838 shares of the company’s stock, valued at $19,344,005.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Raymond W. Mcdaniel sold 10,000 shares of Moody’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $295.00, for a total value of $2,950,000.00. Following the transaction, the director now directly owns 82,859 shares of the company’s stock, valued at $24,443,405. The disclosure for this sale can be found here. Insiders sold a total of 23,701 shares of company stock valued at $7,046,117 over the last ninety days. 0.42% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Moody’s Trading Down 0.2 %
Shares of Moody’s stock opened at $290.37 on Friday. The company has a market cap of $53.22 billion, a price-to-earnings ratio of 39.03, a PEG ratio of 2.82 and a beta of 1.30. Moody’s Co. has a 1 year low of $230.16 and a 1 year high of $346.22. The company’s fifty day simple moving average is $304.55 and its 200-day simple moving average is $285.58. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 2.75.
Moody’s (NYSE:MCO – Get Rating) last issued its earnings results on Tuesday, January 31st. The business services provider reported $1.60 EPS for the quarter, topping the consensus estimate of $1.42 by $0.18. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Moody’s had a return on equity of 62.08% and a net margin of 25.13%. Moody’s’s quarterly revenue was down 16.2% compared to the same quarter last year. During the same period last year, the business earned $2.33 earnings per share. As a group, sell-side analysts expect that Moody’s Co. will post 9.38 EPS for the current year.
Moody’s Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 17th. Investors of record on Friday, February 24th were given a $0.77 dividend. This is a boost from Moody’s’s previous quarterly dividend of $0.70. This represents a $3.08 annualized dividend and a yield of 1.06%. The ex-dividend date was Thursday, February 23rd. Moody’s’s dividend payout ratio (DPR) is 41.40%.
Moody’s Profile
Moody’s Corp. engages in the provision of credit ratings, research, tools and analysis to the global capital markets. It operates through the Moody’s Investors Service (MIS) and Moody’s Analytics (MA) segments. The MIS segment is a credit rating agency, which publishes credit ratings on debt obligations and the entities, including various corporate and governmental obligations, structured finance securities, and commercial paper programs.
Featured Stories
- Get a free copy of the StockNews.com research report on Moody’s (MCO)
- KB Home Strong Results Lift Prices
- Chewy Stock Is Setting Up For Long-Term Profitable Growth
- Why Wall Street Loves These 3 Penny Stocks
- Carvana May Be Able To Reach Profitability This Year
- Low Volume Bunge Plunge Presents an Opportunity
Receive News & Ratings for Moody's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moody's and related companies with MarketBeat.com's FREE daily email newsletter.
