2 weeks Ago By ABMN Staff
Marshfield Associates increased its position in shares of Moody’s Co. ( NYSE:MCO – Free Report ) by 0.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC.
The fund owned 517,434 shares of the business services provider’s stock after acquiring an additional 2,512 shares during the quarter. Moody’s makes up approximately 4.8% of Marshfield Associates’ holdings, making the stock its 12th biggest holding.
Marshfield Associates’ holdings in Moody’s were worth $217,803,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors have also made changes to their positions in MCO. Vanguard Group Inc.
raised its stake in Moody’s by 0.8% during the first quarter. Vanguard Group Inc.
now owns 14,283,558 shares of the business services provider’s stock worth $5,613,867,000 after purchasing an additional 119,450 shares during the period. Bank of New York Mellon Corp raised its position in Moody’s by 8.4% in the second quarter.
Bank of New York Mellon Corp now owns 2,918,257 shares of the business services provider’s stock valued at $1,228,382,000 after purchasing an additional 225,846 shares during the period. PineStone Asset Management Inc. lifted its stake in shares of Moody’s by 133.
9% during the second quarter. PineStone Asset Management Inc. now owns 2,277,056 shares of the business services provider’s stock worth $958,481,000 after purchasing an additional 1,303,434 shares in the last quarter.
Ninety One UK Ltd grew its stake in shares of Moody’s by 1.2% in the second quarter. Ninety One UK Ltd now owns 1,980,021 shares of the business services provider’s stock valued at $833,450,000 after buying an additional 24,107 shares in the last quarter.
Finally, Windacre Partnership LLC raised its holdings in shares of Moody’s by 11.1% during the 1st quarter. Windacre Partnership LLC now owns 1,746,000 shares of the business services provider’s stock valued at $686,230,000 after buying an additional 173,900 shares during the period.
Hedge funds and other institutional investors own 92.11% of the company’s stock. Insider Activity at Moody’s In other Moody’s news, insider Stephen T.
Tulenko sold 569 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $444.26, for a total value of $252,783.
94. Following the completion of the sale, the insider now directly owns 8,147 shares of the company’s stock, valued at $3,619,386.22.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink . In other news, insider Stephen T. Tulenko sold 500 shares of the firm’s stock in a transaction dated Friday, August 9th.
The shares were sold at an average price of $464.06, for a total transaction of $232,030.00.
Following the completion of the transaction, the insider now directly owns 6,647 shares of the company’s stock, valued at approximately $3,084,606.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink .
Also, insider Stephen T. Tulenko sold 569 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $444.
26, for a total value of $252,783.94. Following the transaction, the insider now owns 8,147 shares of the company’s stock, valued at $3,619,386.
22. The disclosure for this sale can be found here . Over the last three months, insiders have sold 2,931 shares of company stock valued at $1,332,825.
Corporate insiders own 0.07% of the company’s stock. Wall Street Analysts Forecast Growth View Our Latest Report on Moody’s Moody’s Price Performance MCO opened at $474.
02 on Friday. The company has a quick ratio of 1.52, a current ratio of 1.
52 and a debt-to-equity ratio of 1.59. The company’s 50-day moving average price is $469.
42 and its 200 day moving average price is $425.72. Moody’s Co.
has a fifty-two week low of $298.86 and a fifty-two week high of $495.10.
The firm has a market cap of $86.56 billion, a price-to-earnings ratio of 51.75, a price-to-earnings-growth ratio of 3.
18 and a beta of 1.29. Moody’s ( NYSE:MCO – Get Free Report ) last released its earnings results on Tuesday, July 23rd.
The business services provider reported $3.28 EPS for the quarter, beating the consensus estimate of $3.06 by $0.
22. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.
72 billion. Moody’s had a net margin of 28.34% and a return on equity of 57.
03%. Moody’s’s quarterly revenue was up 21.6% on a year-over-year basis.
During the same quarter last year, the company earned $2.30 EPS. As a group, sell-side analysts expect that Moody’s Co.
will post 11.32 earnings per share for the current year. Moody’s Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th.
Investors of record on Friday, August 16th were paid a $0.85 dividend. This represents a $3.
40 annualized dividend and a yield of 0.72%. The ex-dividend date was Friday, August 16th.
Moody’s’s dividend payout ratio is currently 37.12%. Moody’s Company Profile ( Free Report ) Moody’s Corporation operates as an integrated risk assessment firm worldwide.
It operates in two segments, Moody’s Analytics and Moody’s Investors Services. The Moody’s Analytics segment develops a range of products and services that support the risk management activities of institutional participants in financial markets. See Also Want to see what other hedge funds are holding MCO? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Moody’s Co. ( NYSE:MCO – Free Report ). Receive News & Ratings for Moody's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moody's and related companies with MarketBeat.
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