Outlook Wealth Advisors LLC Raises Position in Moody’s Co. (NYSE:MCO)

Outlook Wealth Advisors LLC lifted its stake in Moody’s Co. (NYSE:MCO) by 3.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 870 shares of the business services provider’s stock after acquiring an additional 31 shares during the quarter. Outlook Wealth Advisors LLC’s holdings in Moody’s were worth $413,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. New Covenant Trust Company N.A. bought a new stake in shares of Moody’s in the first quarter worth approximately $27,000. Versant Capital Management Inc grew its stake in shares of Moody’s by 114.3% in the second quarter. Versant Capital Management Inc now owns 75 shares of the business services provider’s stock worth $32,000 after acquiring an additional 40 shares during the period. Y.D. More Investments Ltd bought a new stake in shares of Moody’s in the second quarter worth approximately $35,000. EntryPoint Capital LLC bought a new stake in shares of Moody’s in the first quarter worth approximately $38,000. Finally, Asset Dedication LLC grew its stake in shares of Moody’s by 83.0% in the third quarter. Asset Dedication LLC now owns 86 shares of the business services provider’s stock worth $41,000 after acquiring an additional 39 shares during the period. 92.11% of the stock is currently owned by institutional investors.

Moody’s Stock Performance

NYSE:MCO opened at $462.41 on Friday. The stock has a 50-day moving average price of $478.14 and a 200 day moving average price of $437.82. The stock has a market capitalization of $84.44 billion, a P/E ratio of 50.48, a P/E/G ratio of 3.10 and a beta of 1.29. Moody’s Co. has a 12-month low of $298.86 and a 12-month high of $495.10. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.59.

Moody’s (NYSE:MCO) last issued its earnings results on Tuesday, October 22nd. The business services provider reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $0.32. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.71 billion. Moody’s had a return on equity of 57.03% and a net margin of 28.34%. The firm’s quarterly revenue was up 23.2% on a year-over-year basis. During the same quarter last year, the company earned $2.43 EPS. Equities research analysts forecast that Moody’s Co. will post 11.46 EPS for the current fiscal year.

Moody’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 22nd will be paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Friday, November 22nd. Moody’s’s dividend payout ratio (DPR) is presently 37.12%.

Insider Activity at Moody’s

In related news, insider Stephen T. Tulenko sold 569 shares of Moody’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $444.26, for a total transaction of $252,783.94. Following the sale, the insider now owns 8,147 shares of the company’s stock, valued at approximately $3,619,386.22. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Moody’s news, SVP Richard G. Steele sold 1,862 shares of Moody’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $455.43, for a total value of $848,010.66. Following the sale, the senior vice president now owns 1,040 shares of the company’s stock, valued at $473,647.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Stephen T. Tulenko sold 569 shares of Moody’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 8,147 shares in the company, valued at approximately $3,619,386.22. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,931 shares of company stock valued at $1,332,825. 0.07% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MCO has been the subject of a number of research analyst reports. Raymond James lowered shares of Moody’s from a “market perform” rating to an “underperform” rating in a research note on Monday, September 23rd. Oppenheimer boosted their target price on shares of Moody’s from $536.00 to $543.00 and gave the company an “outperform” rating in a research report on Wednesday. Robert W. Baird increased their price target on shares of Moody’s from $490.00 to $512.00 and gave the stock an “outperform” rating in a research report on Wednesday. BMO Capital Markets boosted their price objective on shares of Moody’s from $455.00 to $464.00 and gave the company a “market perform” rating in a research report on Tuesday, October 15th. Finally, Stifel Nicolaus lifted their target price on Moody’s from $454.00 to $459.00 and gave the company a “hold” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Moody’s has a consensus rating of “Hold” and an average price target of $500.00.

Moody’s Company Profile

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.