Walter & Keenan Financial Consulting Co. MI ADV Buys New Position in Moody’s Corporation (NYSE:MCO)

Walter & Keenan Financial Consulting Co. MI ADV bought a new position in Moody’s Corporation (NYSE:MCO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,646 shares of the business services provider’s stock, valued at approximately $200,000.

Other hedge funds have also modified their holdings of the company. Regent Investment Management LLC acquired a new stake in shares of Moody’s Corporation during the first quarter worth $1,112,000. Allen Investment Management LLC boosted its stake in shares of Moody’s Corporation by 11.3% in the first quarter. Allen Investment Management LLC now owns 788,544 shares of the business services provider’s stock worth $88,348,000 after buying an additional 80,012 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Moody’s Corporation by 6.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 523,807 shares of the business services provider’s stock worth $58,688,000 after buying an additional 31,365 shares during the period. Schwartz Investment Counsel Inc. boosted its stake in shares of Moody’s Corporation by 20.7% in the first quarter. Schwartz Investment Counsel Inc. now owns 446,600 shares of the business services provider’s stock worth $50,037,000 after buying an additional 76,600 shares during the period. Finally, BLS Capital Fondsmaeglerselskab A S acquired a new stake in shares of Moody’s Corporation during the fourth quarter worth $23,947,000. 88.81% of the stock is currently owned by institutional investors.

Shares of Moody’s Corporation (NYSE:MCO) opened at 126.91 on Friday. The firm has a market cap of $24.24 billion, a PE ratio of 50.99 and a beta of 1.29. The company has a 50 day moving average of $126.28 and a 200-day moving average of $116.63. Moody’s Corporation has a 12-month low of $93.51 and a 12-month high of $135.20.

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 (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.18. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $968.78 million. Moody’s Corporation had a negative return on equity of 167.31% and a net margin of 12.63%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the business earned $1.30 earnings per share. Equities research analysts forecast that Moody’s Corporation will post $5.51 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Tuesday, August 22nd will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, August 18th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.20%. Moody’s Corporation’s payout ratio is presently 61.29%.

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MCO has been the topic of a number of research reports. BidaskClub raised shares of Moody’s Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, June 30th. Morgan Stanley reissued an “equal weight” rating and set a $131.00 target price (up from $122.00) on shares of Moody’s Corporation in a report on Tuesday, July 25th. Cantor Fitzgerald reissued a “hold” rating and set a $116.00 target price on shares of Moody’s Corporation in a report on Monday, May 8th. Zacks Investment Research cut shares of Moody’s Corporation from a “buy” rating to a “hold” rating in a report on Monday, June 19th. Finally, Barclays PLC reissued an “equal weight” rating and set a $135.00 target price (up from $128.00) on shares of Moody’s Corporation in a report on Monday, July 24th. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Moody’s Corporation has a consensus rating of “Hold” and a consensus price target of $127.13.

In related news, Director Darrell Duffie sold 500 shares of Moody’s Corporation stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $121.64, for a total value of $60,820.00. Following the completion of the transaction, the director now directly owns 22,268 shares of the company’s stock, valued at $2,708,679.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Raymond W. Mcdaniel sold 61,667 shares of Moody’s Corporation stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $113.35, for a total value of $6,989,954.45. Following the completion of the transaction, the insider now directly owns 308,761 shares of the company’s stock, valued at $34,998,059.35. The disclosure for this sale can be found here. Over the last three months, insiders have sold 257,828 shares of company stock valued at $30,938,654. Company insiders own 1.17% of the company’s stock.

About Moody’s Corporation

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

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