Robert Fauber Sells 3,721 Shares of Moody’s Co. (NYSE:MCO) Stock

Moody’s Co. (NYSE:MCO) insider Robert Fauber sold 3,721 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $216.26, for a total value of $804,703.46. Following the completion of the transaction, the insider now directly owns 49,591 shares in the company, valued at $10,724,549.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

MCO stock opened at $218.74 on Thursday. Moody’s Co. has a twelve month low of $129.26 and a twelve month high of $223.82. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 7.50. The stock has a market cap of $41.18 billion, a P/E ratio of 29.60, a PEG ratio of 2.67 and a beta of 1.24. The business’s 50-day moving average price is $213.31 and its 200-day moving average price is $204.28.

Moody’s (NYSE:MCO) last posted its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.99 by $0.16. Moody’s had a return on equity of 270.17% and a net margin of 28.20%. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the previous year, the firm earned $1.69 EPS. The business’s quarterly revenue was up 14.8% on a year-over-year basis. On average, equities research analysts expect that Moody’s Co. will post 8.18 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Wednesday, November 20th. Moody’s’s dividend payout ratio (DPR) is presently 27.06%.

A number of research firms have recently weighed in on MCO. Morgan Stanley lifted their price objective on Moody’s from $176.00 to $181.00 and gave the company an “underweight” rating in a research report on Thursday, October 31st. Argus lifted their price objective on Moody’s to $240.00 and gave the company a “buy” rating in a research report on Monday, August 5th. William Blair reaffirmed an “outperform” rating on shares of Moody’s in a research report on Thursday, October 31st. Stifel Nicolaus lifted their price objective on Moody’s from $214.00 to $228.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Finally, ValuEngine cut Moody’s from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $208.91.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Cornerstone Advisors Inc. raised its stake in Moody’s by 13.7% during the 3rd quarter. Cornerstone Advisors Inc. now owns 514 shares of the business services provider’s stock valued at $105,000 after purchasing an additional 62 shares during the period. Berman Capital Advisors LLC raised its stake in Moody’s by 34.2% during the 2nd quarter. Berman Capital Advisors LLC now owns 247 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 63 shares during the period. Gofen & Glossberg LLC IL raised its stake in Moody’s by 4.1% during the 3rd quarter. Gofen & Glossberg LLC IL now owns 1,655 shares of the business services provider’s stock valued at $339,000 after purchasing an additional 65 shares during the period. Smithfield Trust Co. raised its stake in Moody’s by 2.1% during the 3rd quarter. Smithfield Trust Co. now owns 3,122 shares of the business services provider’s stock valued at $639,000 after purchasing an additional 65 shares during the period. Finally, Signaturefd LLC raised its stake in Moody’s by 6.5% during the 2nd quarter. Signaturefd LLC now owns 1,250 shares of the business services provider’s stock valued at $244,000 after purchasing an additional 76 shares during the period. 90.27% of the stock is currently owned by institutional investors.

Moody’s Company Profile

Moody's Corporation provides credit ratings; and credit, capital markets, and economic research, data, and analytical tools worldwide. It operates through two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings on various debt obligations and entities that issue such obligations, such as various corporate and governmental obligations, structured finance securities, and commercial paper programs.

Read More: What are the reasons investors use put options?

Insider Buying and Selling by Quarter for Moody`s (NYSE:MCO)

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.