Tdam USA Inc. Lowers Position in Moody’s Co. (NYSE:MCO)

Tdam USA Inc. cut its stake in Moody’s Co. (NYSE:MCO) by 2.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,762 shares of the business services provider’s stock after selling 60 shares during the period. Tdam USA Inc.’s holdings in Moody’s were worth $539,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in MCO. FMR LLC grew its position in shares of Moody’s by 15.7% during the 1st quarter. FMR LLC now owns 4,583,309 shares of the business services provider’s stock valued at $829,991,000 after acquiring an additional 620,741 shares during the period. Geode Capital Management LLC lifted its stake in Moody’s by 20.6% in the 4th quarter. Geode Capital Management LLC now owns 2,402,887 shares of the business services provider’s stock worth $335,962,000 after purchasing an additional 410,864 shares in the last quarter. BlackRock Inc. lifted its stake in Moody’s by 2.2% in the 1st quarter. BlackRock Inc. now owns 12,278,489 shares of the business services provider’s stock worth $2,223,511,000 after purchasing an additional 265,811 shares in the last quarter. First Trust Advisors LP lifted its stake in Moody’s by 712.1% in the 1st quarter. First Trust Advisors LP now owns 267,416 shares of the business services provider’s stock worth $48,426,000 after purchasing an additional 234,486 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its stake in Moody’s by 2,285.1% in the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 241,328 shares of the business services provider’s stock worth $43,702,000 after purchasing an additional 231,210 shares in the last quarter. Hedge funds and other institutional investors own 92.85% of the company’s stock.

In other Moody’s news, insider Raymond W. Mcdaniel sold 55,422 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $182.23, for a total value of $10,099,551.06. Following the transaction, the insider now directly owns 275,716 shares in the company, valued at approximately $50,243,726.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Raymond W. Mcdaniel sold 7,500 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $212.89, for a total transaction of $1,596,675.00. Following the completion of the transaction, the insider now owns 205,294 shares in the company, valued at $43,705,039.66. The disclosure for this sale can be found here. Insiders sold a total of 74,603 shares of company stock worth $14,061,969 over the last 90 days. Insiders own 0.90% of the company’s stock.

Several analysts have commented on MCO shares. UBS Group boosted their price target on shares of Moody’s from $200.00 to $215.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. boosted their price target on shares of Moody’s from $220.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Stifel Nicolaus upped their target price on shares of Moody’s from $214.00 to $228.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Wells Fargo & Co upped their target price on shares of Moody’s from $170.00 to $195.00 and gave the company a “market perform” rating in a research report on Thursday, April 25th. Finally, Barclays restated a “buy” rating on shares of Moody’s in a research report on Sunday, August 4th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. Moody’s presently has an average rating of “Hold” and a consensus target price of $200.27.

NYSE:MCO traded up $3.47 during mid-day trading on Thursday, hitting $209.98. 4,540 shares of the stock traded hands, compared to its average volume of 744,511. The stock has a market cap of $40.32 billion, a PE ratio of 28.23 and a beta of 1.26. Moody’s Co. has a 52 week low of $129.26 and a 52 week high of $220.68. The stock has a 50 day moving average price of $204.29. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 10.04.

Moody’s (NYSE:MCO) last issued its quarterly earnings results on Wednesday, July 31st. The business services provider reported $2.07 EPS for the quarter, beating the consensus estimate of $1.98 by $0.09. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.20 billion. Moody’s had a net margin of 27.66% and a return on equity of 266.42%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.04 EPS. Research analysts predict that Moody’s Co. will post 8.02 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th will be paid a $0.50 dividend. The ex-dividend date is Monday, August 19th. This represents a $2.00 dividend on an annualized basis and a yield of 0.95%. Moody’s’s dividend payout ratio is currently 27.06%.

Moody’s 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.

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

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