New Mexico Educational Retirement Board Sells 600 Shares of Moody’s Co. (NYSE:MCO)

New Mexico Educational Retirement Board reduced its stake in Moody’s Co. (NYSE:MCO) by 4.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,242 shares of the business services provider’s stock after selling 600 shares during the period. New Mexico Educational Retirement Board’s holdings in Moody’s were worth $1,994,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Sonora Investment Management LLC bought a new stake in Moody’s during the 4th quarter valued at $56,000. IMS Capital Management acquired a new position in Moody’s in the 3rd quarter valued at $59,000. Pinnacle Financial Partners Inc. purchased a new stake in Moody’s during the 3rd quarter worth $129,000. Moody National Bank Trust Division acquired a new stake in Moody’s during the fourth quarter worth about $159,000. Finally, Stratos Wealth Partners LTD. acquired a new position in shares of Moody’s during the third quarter valued at approximately $161,000. 91.65% of the stock is currently owned by hedge funds and other institutional investors.

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In related news, SVP Blair Worrall sold 5,561 shares of the business’s stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $147.43, for a total transaction of $819,858.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.00% of the company’s stock.

A number of equities research analysts recently weighed in on the stock. Goldman Sachs Group initiated coverage on shares of Moody’s in a research note on Wednesday, November 14th. They set a “neutral” rating and a $165.00 price target for the company. Cantor Fitzgerald dropped their price objective on Moody’s to $145.00 and set a “neutral” rating for the company in a research note on Monday, October 29th. Barclays reduced their price objective on Moody’s from $175.00 to $165.00 and set an “overweight” rating on the stock in a research note on Monday, January 7th. UBS Group reduced their target price on Moody’s from $156.00 to $154.00 and set a “neutral” rating for the company in a report on Tuesday, January 8th. Finally, Morgan Stanley lowered Moody’s from an “equal weight” rating to an “underweight” rating and set a $135.00 price objective on the stock. in a report on Tuesday, January 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $170.00.

MCO opened at $164.61 on Thursday. Moody’s Co. has a one year low of $129.26 and a one year high of $187.98. The stock has a market cap of $30.85 billion, a PE ratio of 27.12, a PEG ratio of 1.89 and a beta of 1.27. The company has a debt-to-equity ratio of 7.40, a quick ratio of 1.38 and a current ratio of 1.38.

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About Moody’s

Moody's Corporation provides credit ratings; and credit, capital markets, and economic related 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 comprising various corporate and governmental obligations, structured finance securities, and commercial paper programs.

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