Summitry LLC Buys 1,867 Shares of Moody’s Corporation $MCO

Summitry LLC boosted its holdings in shares of Moody’s Corporation (NYSE:MCO) by 2.4% during the 4th quarter, Holdings Channel reports. The fund owned 80,001 shares of the business services provider’s stock after buying an additional 1,867 shares during the period. Moody’s comprises about 1.7% of Summitry LLC’s portfolio, making the stock its 24th largest position. Summitry LLC’s holdings in Moody’s were worth $40,868,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Cromwell Holdings LLC grew its holdings in Moody’s by 5.8% during the 4th quarter. Cromwell Holdings LLC now owns 363 shares of the business services provider’s stock worth $185,000 after acquiring an additional 20 shares in the last quarter. DeDora Capital Inc. grew its holdings in Moody’s by 1.5% during the 4th quarter. DeDora Capital Inc. now owns 1,315 shares of the business services provider’s stock worth $672,000 after acquiring an additional 20 shares in the last quarter. Guyasuta Investment Advisors Inc. grew its holdings in Moody’s by 2.7% during the 4th quarter. Guyasuta Investment Advisors Inc. now owns 753 shares of the business services provider’s stock worth $385,000 after acquiring an additional 20 shares in the last quarter. Carnegie Investment Counsel grew its holdings in Moody’s by 1.9% during the 4th quarter. Carnegie Investment Counsel now owns 1,081 shares of the business services provider’s stock worth $552,000 after acquiring an additional 20 shares in the last quarter. Finally, EWA LLC grew its holdings in Moody’s by 4.4% during the 3rd quarter. EWA LLC now owns 501 shares of the business services provider’s stock worth $239,000 after acquiring an additional 21 shares in the last quarter. 92.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MCO has been the topic of several recent research reports. Morgan Stanley dropped their target price on shares of Moody’s from $526.00 to $489.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 7th. Stifel Nicolaus dropped their target price on shares of Moody’s from $574.00 to $540.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. Wells Fargo & Company increased their target price on shares of Moody’s from $560.00 to $590.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. UBS Group dropped their target price on shares of Moody’s from $515.00 to $490.00 and set a “neutral” rating on the stock in a report on Thursday, February 19th. Finally, Mizuho dropped their target price on shares of Moody’s from $524.00 to $521.00 and set a “neutral” rating on the stock in a report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Moody’s presently has a consensus rating of “Moderate Buy” and a consensus price target of $544.29.

Moody’s Stock Performance

MCO stock opened at $449.30 on Tuesday. The firm has a market cap of $78.49 billion, a price-to-earnings ratio of 32.21, a PEG ratio of 2.42 and a beta of 1.37. The firm has a 50-day simple moving average of $444.01 and a two-hundred day simple moving average of $472.28. Moody’s Corporation has a one year low of $402.28 and a one year high of $546.88. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.16 and a current ratio of 1.16.

Moody’s (NYSE:MCO) last released its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $4.33 EPS for the quarter, beating the consensus estimate of $4.22 by $0.11. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.11 billion. Moody’s had a net margin of 31.69% and a return on equity of 70.97%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm posted $3.83 earnings per share. Moody’s has set its FY 2026 guidance at 16.400-17.000 EPS. On average, equities analysts forecast that Moody’s Corporation will post 16.69 EPS for the current fiscal year.

Moody’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 15th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, May 15th. Moody’s’s dividend payout ratio is presently 29.53%.

Insider Activity

In other Moody’s news, SVP Richard G. Steele sold 158 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $466.39, for a total transaction of $73,689.62. Following the completion of the sale, the senior vice president directly owned 2,143 shares of the company’s stock, valued at approximately $999,473.77. This represents a 6.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Robert Fauber sold 1,467 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $466.39, for a total transaction of $684,194.13. Following the sale, the chief executive officer directly owned 75,189 shares of the company’s stock, valued at approximately $35,067,397.71. The trade was a 1.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 8,680 shares of company stock valued at $3,952,188. Insiders own 0.14% of the company’s stock.

Moody’s Company Profile

Moody’s Corporation is a global provider of credit ratings, research, data and analytics that support financial decision-making and transparency in capital markets. The company traces its origins to the early 20th century when financial analyst John Moody began publishing credit information; today Moody’s is headquartered in New York and serves a broad set of market participants including investors, issuers, financial institutions, corporations, governments and regulators.

Moody’s operates primarily through two complementary businesses.