Southeast Asset Advisors Inc. Has $6.36 Million Stock Holdings in Morningstar, Inc. (NASDAQ:MORN)

Southeast Asset Advisors Inc. lessened its stake in Morningstar, Inc. (NASDAQ:MORNFree Report) by 25.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,204 shares of the business services provider’s stock after selling 7,658 shares during the quarter. Morningstar accounts for about 0.8% of Southeast Asset Advisors Inc.’s holdings, making the stock its 19th biggest position. Southeast Asset Advisors Inc. owned approximately 0.05% of Morningstar worth $6,356,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. Fifth Third Bancorp increased its stake in shares of Morningstar by 19.6% during the 4th quarter. Fifth Third Bancorp now owns 232 shares of the business services provider’s stock worth $66,000 after purchasing an additional 38 shares during the last quarter. HBK Sorce Advisory LLC increased its stake in shares of Morningstar by 4.7% during the 4th quarter. HBK Sorce Advisory LLC now owns 896 shares of the business services provider’s stock worth $256,000 after purchasing an additional 40 shares during the last quarter. CWM LLC increased its stake in shares of Morningstar by 14.1% during the 4th quarter. CWM LLC now owns 324 shares of the business services provider’s stock worth $93,000 after purchasing an additional 40 shares during the last quarter. Alliance Wealth Advisors LLC UT increased its stake in shares of Morningstar by 2.0% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 2,541 shares of the business services provider’s stock worth $727,000 after purchasing an additional 51 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its stake in Morningstar by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 11,292 shares of the business services provider’s stock valued at $2,645,000 after buying an additional 60 shares during the last quarter. Institutional investors and hedge funds own 57.02% of the company’s stock.

Morningstar Price Performance

MORN traded up $1.14 during midday trading on Wednesday, hitting $293.39. The company had a trading volume of 5,686 shares, compared to its average volume of 120,697. Morningstar, Inc. has a twelve month low of $185.15 and a twelve month high of $316.05. The firm’s 50-day simple moving average is $298.40 and its 200-day simple moving average is $289.65. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $12.54 billion, a PE ratio of 59.32 and a beta of 1.16.

Morningstar (NASDAQ:MORNGet Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.73 EPS for the quarter. Morningstar had a net margin of 10.13% and a return on equity of 21.79%. The company had revenue of $542.80 million during the quarter.

Morningstar Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were given a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Thursday, April 4th. Morningstar’s dividend payout ratio is 32.73%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MORN shares. StockNews.com upgraded shares of Morningstar from a “hold” rating to a “buy” rating in a research note on Thursday, February 29th. TheStreet upgraded shares of Morningstar from a “c” rating to a “b” rating in a research note on Friday, February 23rd.

View Our Latest Research Report on Morningstar

Insider Transactions at Morningstar

In related news, Chairman Joseph D. Mansueto sold 1,297 shares of Morningstar stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $307.69, for a total transaction of $399,073.93. Following the transaction, the chairman now owns 10,775,526 shares of the company’s stock, valued at approximately $3,315,521,594.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Chairman Joseph D. Mansueto sold 1,297 shares of Morningstar stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $307.69, for a total transaction of $399,073.93. Following the transaction, the chairman now owns 10,775,526 shares of the company’s stock, valued at approximately $3,315,521,594.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Joseph D. Mansueto sold 4,675 shares of Morningstar stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $311.07, for a total transaction of $1,454,252.25. Following the completion of the transaction, the chairman now directly owns 10,776,823 shares in the company, valued at approximately $3,352,346,330.61. The disclosure for this sale can be found here. Insiders sold a total of 79,587 shares of company stock worth $23,577,197 in the last quarter. 37.70% of the stock is owned by company insiders.

Morningstar Company Profile

(Free Report)

Morningstar, Inc provides independent investment insights in the United States, Asia. Australia, Continental Europe, the United Kingdom, and internationally. The company operates in five segments: Morningstar Data and Analytics; PitchBook; Morningstar Wealth; Morningstar Credit; and Morningstar Retirement.

See Also

Institutional Ownership by Quarter for Morningstar (NASDAQ:MORN)

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