DF Dent & Co. Inc. Lowers Position in Moody's Co. (MCO)

DF Dent & Co. Inc. cut its stake in shares of Moody's Co. (NYSE:MCO) by 4.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 961,489 shares of the business services provider’s stock after selling 45,162 shares during the period. Moody's comprises about 3.5% of DF Dent & Co. Inc.’s investment portfolio, making the stock its 8th biggest position. DF Dent & Co. Inc. owned approximately 0.50% of Moody's worth $133,849,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Moody's by 2.9% during the second quarter. Vanguard Group Inc. now owns 16,203,350 shares of the business services provider’s stock valued at $1,971,623,000 after purchasing an additional 463,669 shares in the last quarter. BlackRock Inc. lifted its holdings in Moody's by 1.7% during the second quarter. BlackRock Inc. now owns 10,350,596 shares of the business services provider’s stock worth $1,259,461,000 after buying an additional 169,560 shares during the period. Fiera Capital Corp lifted its holdings in Moody's by 17.8% during the second quarter. Fiera Capital Corp now owns 5,793,968 shares of the business services provider’s stock worth $705,010,000 after buying an additional 876,210 shares during the period. Principal Financial Group Inc. lifted its holdings in Moody's by 0.7% during the third quarter. Principal Financial Group Inc. now owns 5,128,216 shares of the business services provider’s stock worth $713,898,000 after buying an additional 33,723 shares during the period. Finally, Harris Associates L P lifted its holdings in Moody's by 8.5% during the second quarter. Harris Associates L P now owns 3,670,649 shares of the business services provider’s stock worth $446,645,000 after buying an additional 288,906 shares during the period. Institutional investors own 87.50% of the company’s stock.

Shares of Moody's Co. (MCO) remained flat at $$152.39 on Tuesday. 869,800 shares of the company’s stock traded hands, compared to its average volume of 837,408. Moody's Co. has a 1-year low of $93.51 and a 1-year high of $153.86. The company has a debt-to-equity ratio of -32.57, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a market cap of $29,121.73, a PE ratio of 26.59, a price-to-earnings-growth ratio of 2.70 and a beta of 1.36.

Moody's (NYSE:MCO) last issued its quarterly earnings data on Friday, November 3rd. The business services provider reported $1.52 EPS for the quarter, beating the consensus estimate of $1.37 by $0.15. Moody's had a negative return on equity of 187.20% and a net margin of 13.73%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $992.81 million. During the same quarter in the prior year, the business posted $1.34 EPS. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. equities research analysts forecast that Moody's Co. will post 5.94 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st will be issued a dividend of $0.38 per share. The ex-dividend date is Monday, November 20th. This represents a $1.52 annualized dividend and a dividend yield of 1.00%. Moody's’s dividend payout ratio is presently 54.29%.

In related news, Director Ewald Kist sold 4,000 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $142.00, for a total value of $568,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Darrell Duffie sold 500 shares of the company’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $138.41, for a total value of $69,205.00. Following the completion of the transaction, the director now directly owns 21,804 shares in the company, valued at $3,017,891.64. The disclosure for this sale can be found here. 1.17% of the stock is owned by corporate insiders.

MCO has been the subject of a number of analyst reports. Credit Suisse Group restated a “neutral” rating and set a $137.00 target price (up previously from $131.00) on shares of Moody's in a report on Wednesday, August 30th. They noted that the move was a valuation call. BMO Capital Markets restated a “market perform” rating and set a $136.00 target price (up previously from $135.00) on shares of Moody's in a report on Wednesday, September 6th. Barclays upped their target price on Moody's from $135.00 to $150.00 and gave the stock an “equal weight” rating in a report on Friday, September 15th. Morgan Stanley restated an “equal weight” rating and set a $135.00 target price (up previously from $134.00) on shares of Moody's in a report on Friday, October 6th. Finally, UBS upped their target price on Moody's from $142.00 to $150.00 and gave the stock a “neutral” rating in a report on Monday, November 6th. Six equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $151.89.

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Moody's Profile

Moody’s Corporation (Moody’s) is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk management services, quantitative credit risk measures, financial services training and certification services, and research and analytical services to financial institution customers.

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

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