Moody’s Co. (MCO) Stake Raised by Donaldson Capital Management LLC

Donaldson Capital Management LLC grew its position in shares of Moody’s Co. (NYSE:MCO) by 3.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,815 shares of the business services provider’s stock after buying an additional 1,048 shares during the quarter. Donaldson Capital Management LLC’s holdings in Moody’s were worth $4,651,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Banco de Sabadell S.A purchased a new stake in shares of Moody’s during the second quarter valued at approximately $1,096,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Moody’s during the second quarter valued at approximately $140,000. Neuburgh Advisers LLC grew its holdings in shares of Moody’s by 3.7% during the second quarter. Neuburgh Advisers LLC now owns 8,636 shares of the business services provider’s stock valued at $1,473,000 after buying an additional 306 shares during the last quarter. Kiwi Wealth Investments Limited Partnership purchased a new stake in shares of Moody’s during the second quarter valued at approximately $4,456,000. Finally, SG Americas Securities LLC grew its holdings in shares of Moody’s by 108.6% during the second quarter. SG Americas Securities LLC now owns 8,979 shares of the business services provider’s stock valued at $1,531,000 after buying an additional 113,968 shares during the last quarter. Hedge funds and other institutional investors own 88.13% of the company’s stock.

Shares of Moody’s stock opened at $153.50 on Friday. The company has a market cap of $29.76 billion, a P/E ratio of 21.40, a P/E/G ratio of 1.88 and a beta of 1.21. Moody’s Co. has a twelve month low of $139.11 and a twelve month high of $187.98. The company has a debt-to-equity ratio of 7.40, a quick ratio of 1.38 and a current ratio of 1.38.

Moody’s (NYSE:MCO) last issued its quarterly earnings data on Friday, October 26th. The business services provider reported $1.69 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.78 by ($0.09). The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.13 billion. Moody’s had a net margin of 23.85% and a return on equity of 412.48%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter last year, the company earned $1.52 EPS. On average, research analysts anticipate that Moody’s Co. will post 7.55 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Shareholders of record on Wednesday, November 21st will be given a $0.44 dividend. The ex-dividend date is Tuesday, November 20th. This represents a $1.76 annualized dividend and a yield of 1.15%. Moody’s’s payout ratio is presently 29.00%.

A number of research analysts recently weighed in on the stock. Nomura restated a “buy” rating and set a $193.00 price objective on shares of Moody’s in a research report on Monday, July 30th. ValuEngine downgraded shares of Moody’s from a “buy” rating to a “hold” rating in a research report on Wednesday, October 3rd. Wells Fargo & Co increased their price objective on shares of Moody’s from $160.00 to $172.00 and gave the company a “market perform” rating in a research report on Monday, July 30th. Stifel Nicolaus increased their price objective on shares of Moody’s from $170.00 to $188.00 and gave the company a “hold” rating in a research report on Monday, July 30th. Finally, Morgan Stanley increased their price objective on shares of Moody’s from $176.00 to $179.00 and gave the company a “$184.49” rating in a research report on Wednesday, July 18th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $178.45.

ILLEGAL ACTIVITY NOTICE: “Moody’s Co. (MCO) Stake Raised by Donaldson Capital Management LLC” was reported by WKRB News and is owned by of WKRB News. If you are reading this article on another website, it was illegally copied and republished in violation of international copyright and trademark laws. The original version of this article can be viewed at https://www.wkrb13.com/2018/11/11/moodys-co-mco-stake-raised-by-donaldson-capital-management-llc.html.

Moody’s Company Profile

Moody's Corporation provides credit ratings; and credit, capital markets, and economic related 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 comprising various corporate and governmental obligations, structured finance securities, and commercial paper programs.

Recommended Story: What is a Stop Order?

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).

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

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.com's FREE daily email newsletter.

Leave a Reply