Pacer Advisors Inc. lessened its stake in Moody’s Co. (NYSE:MCO – Get Rating) by 19.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,307 shares of the business services provider’s stock after selling 2,042 shares during the period. Pacer Advisors Inc.’s holdings in Moody’s were worth $2,803,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PGGM Investments grew its position in shares of Moody’s by 4.3% in the 4th quarter. PGGM Investments now owns 96,282 shares of the business services provider’s stock valued at $37,606,000 after buying an additional 4,011 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Moody’s during the 4th quarter valued at about $7,451,000. Cornerstone Advisory LLC boosted its position in shares of Moody’s by 8.8% during the 4th quarter. Cornerstone Advisory LLC now owns 1,233 shares of the business services provider’s stock valued at $482,000 after purchasing an additional 100 shares in the last quarter. Capital Planning Advisors LLC boosted its position in shares of Moody’s by 8.0% during the 4th quarter. Capital Planning Advisors LLC now owns 5,109 shares of the business services provider’s stock valued at $1,995,000 after purchasing an additional 377 shares in the last quarter. Finally, CAPROCK Group Inc. boosted its position in shares of Moody’s by 10.1% during the 4th quarter. CAPROCK Group Inc. now owns 1,587 shares of the business services provider’s stock valued at $620,000 after purchasing an additional 145 shares in the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.
In other Moody’s news, Director Raymond W. Mcdaniel sold 10,000 shares of the stock in a transaction on Friday, May 6th. The stock was sold at an average price of $299.41, for a total transaction of $2,994,100.00. Following the completion of the transaction, the director now directly owns 57,503 shares of the company’s stock, valued at $17,216,973.23. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.38% of the stock is currently owned by corporate insiders.
Shares of MCO opened at $270.00 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 2.82. The company has a market capitalization of $49.82 billion, a price-to-earnings ratio of 25.57, a PEG ratio of 2.21 and a beta of 1.19. The stock has a 50 day moving average of $293.79 and a 200 day moving average of $329.44. Moody’s Co. has a 12 month low of $251.01 and a 12 month high of $407.94.
Moody’s (NYSE:MCO – Get Rating) last issued its quarterly earnings results on Monday, May 2nd. The business services provider reported $2.89 EPS for the quarter, missing analysts’ consensus estimates of $2.90 by ($0.01). The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Moody’s had a net margin of 32.18% and a return on equity of 79.22%. The business’s revenue was down 4.9% compared to the same quarter last year. During the same period in the previous year, the business posted $4.06 earnings per share. As a group, equities research analysts predict that Moody’s Co. will post 10.71 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 10th. Shareholders of record on Friday, May 20th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.04%. The ex-dividend date was Thursday, May 19th. Moody’s’s dividend payout ratio (DPR) is 26.52%.
About Moody’s (Get Rating)
Moody's Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings and provides assessment services on various debt obligations, programs and facilities, and entities that issue such obligations, such as various corporate, financial institution, and governmental obligations, as well as and structured finance securities.
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