Coe Capital Management LLC Buys Shares of 1,005 Moody’s Co. (NYSE:MCO)

Coe Capital Management LLC bought a new stake in Moody’s Co. (NYSE:MCO) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,005 shares of the business services provider’s stock, valued at approximately $206,000.

Several other large investors have also recently modified their holdings of the company. First Trust Advisors LP increased its position in shares of Moody’s by 712.1% in the first quarter. First Trust Advisors LP now owns 267,416 shares of the business services provider’s stock worth $48,426,000 after acquiring an additional 234,486 shares in the last quarter. Horizon Investments LLC acquired a new stake in shares of Moody’s in the first quarter worth $201,000. Sepio Capital LLC acquired a new stake in shares of Moody’s in the first quarter worth $1,215,000. Capital Insight Partners LLC increased its position in shares of Moody’s by 1.1% in the second quarter. Capital Insight Partners LLC now owns 9,090 shares of the business services provider’s stock worth $1,775,000 after acquiring an additional 95 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its position in shares of Moody’s by 0.7% in the second quarter. Crossmark Global Holdings Inc. now owns 11,462 shares of the business services provider’s stock worth $2,239,000 after acquiring an additional 81 shares in the last quarter. Institutional investors own 90.27% of the company’s stock.

In other Moody’s news, insider Mark Almeida sold 27,236 shares of the stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $207.06, for a total transaction of $5,639,486.16. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Robert Fauber sold 3,721 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $212.71, for a total transaction of $791,493.91. Following the transaction, the insider now owns 48,382 shares in the company, valued at $10,291,335.22. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company’s stock.

MCO traded down $0.14 during trading hours on Friday, reaching $218.13. 449,098 shares of the stock traded hands, compared to its average volume of 866,542. The firm’s fifty day simple moving average is $212.98 and its two-hundred day simple moving average is $203.72. The company has a market cap of $40.23 billion, a price-to-earnings ratio of 29.52, a PEG ratio of 2.61 and a beta of 1.24. Moody’s Co. has a fifty-two week low of $129.26 and a fifty-two week high of $223.82. The company has a debt-to-equity ratio of 7.50, a current ratio of 1.42 and a quick ratio of 1.71.

Moody’s (NYSE:MCO) last released its quarterly earnings results 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. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.18 billion. Moody’s had a net margin of 28.20% and a return on equity of 270.17%. The business’s revenue was up 14.8% on a year-over-year basis. During the same period last year, the business earned $1.69 EPS. On average, research analysts predict that Moody’s Co. will post 8.18 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, November 20th. This represents a $2.00 dividend on an annualized basis and a yield of 0.92%. Moody’s’s dividend payout ratio (DPR) is 27.06%.

Several equities research analysts have recently issued reports on MCO shares. Argus increased their price objective on shares of Moody’s to $240.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. increased their price objective on shares of Moody’s from $220.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Barclays reissued a “buy” rating on shares of Moody’s in a research report on Sunday, August 4th. ValuEngine lowered shares of Moody’s from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, UBS Group increased their price objective on shares of Moody’s from $245.00 to $257.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $208.91.

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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