Raymond W. Mcdaniel Sells 45,216 Shares of Moody’s Corporation (NYSE:MCO) Stock

Moody’s Corporation (NYSE:MCO) insider Raymond W. Mcdaniel sold 45,216 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $129.03, for a total value of $5,834,220.48. Following the transaction, the insider now directly owns 292,310 shares in the company, valued at $37,716,759.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Moody’s Corporation (NYSE MCO) opened at 130.49 on Friday. The company has a 50-day moving average price of $128.00 and a 200 day moving average price of $117.80. The stock has a market capitalization of $24.93 billion, a PE ratio of 52.43 and a beta of 1.29. Moody’s Corporation has a 52 week low of $93.51 and a 52 week high of $135.20.

Moody’s Corporation (NYSE:MCO) last released its quarterly earnings data on Friday, July 21st. The business services provider reported $1.51 EPS for the quarter, topping the consensus estimate of $1.33 by $0.18. Moody’s Corporation had a negative return on equity of 167.31% and a net margin of 12.63%. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $968.78 million. During the same period last year, the business posted $1.30 EPS. Moody’s Corporation’s quarterly revenue was up 7.7% on a year-over-year basis. Equities analysts forecast that Moody’s Corporation will post $5.53 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Tuesday, August 22nd will be issued a $0.38 dividend. The ex-dividend date is Friday, August 18th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.16%. Moody’s Corporation’s dividend payout ratio is presently 61.29%.

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Several hedge funds and other institutional investors have recently made changes to their positions in MCO. BLS Capital Fondsmaeglerselskab A S bought a new position in shares of Moody’s Corporation during the fourth quarter worth about $23,947,000. AQR Capital Management LLC increased its position in shares of Moody’s Corporation by 1.0% in the fourth quarter. AQR Capital Management LLC now owns 10,089 shares of the business services provider’s stock worth $951,000 after buying an additional 96 shares in the last quarter. Teachers Advisors LLC increased its position in shares of Moody’s Corporation by 38.9% in the fourth quarter. Teachers Advisors LLC now owns 268,758 shares of the business services provider’s stock worth $25,336,000 after buying an additional 75,240 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its position in shares of Moody’s Corporation by 2.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 154,385 shares of the business services provider’s stock worth $17,297,000 after buying an additional 4,097 shares in the last quarter. Finally, Creative Planning increased its position in shares of Moody’s Corporation by 1.2% in the first quarter. Creative Planning now owns 7,696 shares of the business services provider’s stock worth $862,000 after buying an additional 91 shares in the last quarter. Institutional investors and hedge funds own 88.46% of the company’s stock.

Several equities analysts have recently issued reports on MCO shares. BidaskClub cut Moody’s Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Zacks Investment Research raised Moody’s Corporation from a “sell” rating to a “buy” rating and set a $140.00 target price on the stock in a research note on Monday, July 17th. Morgan Stanley boosted their target price on Moody’s Corporation from $117.00 to $118.00 and gave the company an “equal weight” rating in a research note on Friday, April 28th. Barclays PLC boosted their target price on Moody’s Corporation from $118.00 to $128.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 28th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $116.00 price target on shares of Moody’s Corporation in a research note on Monday, May 8th. Six equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $129.29.

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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