Chesapeake Wealth Management Has $213,000 Holdings in Moody’s Co. (NYSE:MCO)

Chesapeake Wealth Management cut its holdings in Moody’s Co. (NYSE:MCO) by 14.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 450 shares of the business services provider’s stock after selling 75 shares during the quarter. Chesapeake Wealth Management’s holdings in Moody’s were worth $213,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Haverford Trust Co raised its holdings in shares of Moody’s by 1.8% in the third quarter. Haverford Trust Co now owns 1,223 shares of the business services provider’s stock valued at $580,000 after purchasing an additional 22 shares during the last quarter. Stratos Wealth Advisors LLC raised its holdings in shares of Moody’s by 2.1% in the third quarter. Stratos Wealth Advisors LLC now owns 1,107 shares of the business services provider’s stock valued at $525,000 after purchasing an additional 23 shares during the last quarter. Okabena Investment Services Inc. raised its holdings in shares of Moody’s by 0.8% in the third quarter. Okabena Investment Services Inc. now owns 2,767 shares of the business services provider’s stock valued at $1,313,000 after purchasing an additional 23 shares during the last quarter. Capital Advisors Ltd. LLC raised its holdings in shares of Moody’s by 2.5% in the third quarter. Capital Advisors Ltd. LLC now owns 984 shares of the business services provider’s stock valued at $467,000 after purchasing an additional 24 shares during the last quarter. Finally, Adero Partners LLC raised its holdings in shares of Moody’s by 3.8% in the third quarter. Adero Partners LLC now owns 660 shares of the business services provider’s stock valued at $313,000 after purchasing an additional 24 shares during the last quarter. 92.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Moody’s

In other news, CEO Robert Fauber sold 281 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $478.99, for a total value of $134,596.19. Following the completion of the sale, the chief executive officer now owns 61,354 shares of the company’s stock, valued at approximately $29,387,952.46. The trade was a 0.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Caroline Sullivan sold 1,681 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $462.40, for a total transaction of $777,294.40. Following the completion of the sale, the senior vice president now directly owns 1,415 shares of the company’s stock, valued at approximately $654,296. The trade was a 54.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,524 shares of company stock worth $1,178,413 over the last ninety days. Insiders own 0.07% of the company’s stock.

Moody’s Price Performance

NYSE:MCO opened at $475.74 on Tuesday. Moody’s Co. has a one year low of $360.05 and a one year high of $503.95. The company has a market cap of $86.20 billion, a P/E ratio of 43.45, a P/E/G ratio of 2.78 and a beta of 1.30. The firm’s fifty day moving average price is $480.37 and its two-hundred day moving average price is $471.38. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.67 and a quick ratio of 1.67.

Moody’s (NYSE:MCO) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $3.21 EPS for the quarter, beating the consensus estimate of $2.89 by $0.32. Moody’s had a net margin of 29.05% and a return on equity of 57.97%. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the company earned $2.43 earnings per share. The company’s quarterly revenue was up 23.2% on a year-over-year basis. Equities analysts expect that Moody’s Co. will post 12.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

MCO has been the topic of a number of recent research reports. UBS Group lifted their price objective on shares of Moody’s from $495.00 to $510.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Stifel Nicolaus boosted their target price on shares of Moody’s from $454.00 to $459.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Raymond James downgraded shares of Moody’s from a “market perform” rating to an “underperform” rating in a report on Monday, September 23rd. Morgan Stanley boosted their target price on shares of Moody’s from $462.00 to $481.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Finally, BMO Capital Markets boosted their target price on shares of Moody’s from $455.00 to $464.00 and gave the stock a “market perform” rating in a report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $506.14.

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.