Moody’s Co. (NYSE:MCO) Shares Purchased by Crestmont Private Wealth LLC

Crestmont Private Wealth LLC raised its stake in Moody’s Co. (NYSE:MCOFree Report) by 14.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,025 shares of the business services provider’s stock after buying an additional 131 shares during the quarter. Crestmont Private Wealth LLC’s holdings in Moody’s were worth $403,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of MCO. Raleigh Capital Management Inc. lifted its position in shares of Moody’s by 23.0% during the fourth quarter. Raleigh Capital Management Inc. now owns 150 shares of the business services provider’s stock worth $59,000 after purchasing an additional 28 shares in the last quarter. Strategic Advocates LLC lifted its position in shares of Moody’s by 1.6% during the fourth quarter. Strategic Advocates LLC now owns 1,890 shares of the business services provider’s stock worth $738,000 after purchasing an additional 30 shares in the last quarter. Manchester Capital Management LLC lifted its position in shares of Moody’s by 7.0% during the fourth quarter. Manchester Capital Management LLC now owns 459 shares of the business services provider’s stock worth $179,000 after purchasing an additional 30 shares in the last quarter. First Hawaiian Bank lifted its position in shares of Moody’s by 1.3% during the first quarter. First Hawaiian Bank now owns 2,375 shares of the business services provider’s stock worth $933,000 after purchasing an additional 30 shares in the last quarter. Finally, Realta Investment Advisors increased its stake in shares of Moody’s by 3.2% during the fourth quarter. Realta Investment Advisors now owns 997 shares of the business services provider’s stock worth $389,000 after buying an additional 31 shares during the period. Institutional investors and hedge funds own 92.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Barclays upgraded shares of Moody’s from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $375.00 to $450.00 in a research note on Tuesday, April 2nd. StockNews.com upgraded shares of Moody’s from a “hold” rating to a “buy” rating in a research note on Tuesday, April 16th. Oppenheimer raised their price target on Moody’s from $411.00 to $424.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. Robert W. Baird raised their price target on Moody’s from $405.00 to $414.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Finally, Stifel Nicolaus lifted their price objective on Moody’s from $350.00 to $374.00 and gave the stock a “hold” rating in a research report on Tuesday, May 7th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Moody’s has an average rating of “Moderate Buy” and an average price target of $400.50.

Check Out Our Latest Research Report on MCO

Moody’s Trading Down 0.2 %

Shares of NYSE MCO traded down $0.82 during midday trading on Friday, hitting $421.89. The stock had a trading volume of 1,037,309 shares, compared to its average volume of 617,788. The company has a market capitalization of $77.04 billion, a price-to-earnings ratio of 46.06, a PEG ratio of 3.29 and a beta of 1.27. Moody’s Co. has a 1-year low of $298.86 and a 1-year high of $423.99. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 1.68. The company has a fifty day moving average price of $397.63 and a 200 day moving average price of $390.02.

Moody’s (NYSE:MCOGet Free Report) last released its quarterly earnings data on Thursday, May 2nd. The business services provider reported $3.37 earnings per share for the quarter, beating the consensus estimate of $3.06 by $0.31. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.70 billion. Moody’s had a return on equity of 54.50% and a net margin of 27.01%. The company’s revenue was up 21.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.99 EPS. On average, analysts predict that Moody’s Co. will post 10.69 earnings per share for the current year.

Moody’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 0.81%. The ex-dividend date was Thursday, May 16th. Moody’s’s dividend payout ratio (DPR) is presently 37.12%.

Moody’s Company Profile

(Free Report)

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.

See Also

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

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