Moody’s (NYSE:MCO) had its price target upped by Morgan Stanley from $150.00 to $164.00 in a research note published on Wednesday morning, Stock Target Advisor reports. They currently have an underweight rating on the business services provider’s stock.
Several other research firms have also recently weighed in on MCO. UBS Group raised their price objective on shares of Willis Towers Watson from $202.00 to $220.00 and gave the company a buy rating in a research report on Wednesday. ValuEngine upgraded shares of Yara International ASA from a sell rating to a hold rating in a research report on Tuesday, March 19th. Piper Jaffray Companies set a $16.00 price target on shares of WPX Energy and gave the company a buy rating in a research note on Friday, April 5th. Wells Fargo & Co raised shares of California Water Service Group to a market perform rating in a report on Thursday, April 25th. Finally, JPMorgan Chase & Co. set a GBX 3,200 ($41.81) price objective on shares of Diageo and gave the stock a neutral rating in a research report on Wednesday. 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 company’s stock. Moody’s has a consensus rating of Hold and an average target price of $189.18.
Shares of MCO stock opened at $205.31 on Wednesday. The business’s fifty day simple moving average is $192.86. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 17.70. The company has a market capitalization of $38.93 billion, a PE ratio of 27.78, a PEG ratio of 1.97 and a beta of 1.25. Moody’s has a 52 week low of $129.26 and a 52 week high of $205.34.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, August 19th. This represents a $2.00 annualized dividend and a yield of 0.97%. Moody’s’s dividend payout ratio is currently 27.06%.
In other news, CEO Raymond W. Mcdaniel sold 7,500 shares of Moody’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $198.46, for a total transaction of $1,488,450.00. Following the completion of the sale, the chief executive officer now owns 212,794 shares in the company, valued at approximately $42,231,097.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Raymond W. Mcdaniel sold 55,422 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $182.23, for a total transaction of $10,099,551.06. Following the sale, the insider now directly owns 275,716 shares of the company’s stock, valued at $50,243,726.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 147,854 shares of company stock worth $27,854,940. Corporate insiders own 0.90% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in MCO. University of Texas Texas AM Investment Managment Co. bought a new position in shares of Moody’s in the 1st quarter worth $36,000. Resources Investment Advisors Inc. acquired a new stake in shares of Moody’s during the first quarter worth $40,000. Captrust Financial Advisors increased its holdings in Moody’s by 85.2% in the fourth quarter. Captrust Financial Advisors now owns 389 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 179 shares during the last quarter. NumerixS Investment Technologies Inc bought a new stake in Moody’s in the fourth quarter valued at about $56,000. Finally, CWM LLC increased its holdings in Moody’s by 123.0% in the first quarter. CWM LLC now owns 310 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 171 shares during the last quarter. 92.80% of the stock is owned by hedge funds and other 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.
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