Planning Capital Management Corp Purchases 51 Shares of Moody’s Co. (NYSE:MCO)

Planning Capital Management Corp boosted its holdings in shares of Moody’s Co. (NYSE:MCO) by 566.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60 shares of the business services provider’s stock after buying an additional 51 shares during the quarter. Planning Capital Management Corp’s holdings in Moody’s were worth $29,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in MCO. PineStone Asset Management Inc. increased its position in shares of Moody’s by 133.9% in the 2nd quarter. PineStone Asset Management Inc. now owns 2,277,056 shares of the business services provider’s stock valued at $958,481,000 after acquiring an additional 1,303,434 shares during the period. International Assets Investment Management LLC lifted its stake in Moody’s by 74,000.1% in the 3rd quarter. International Assets Investment Management LLC now owns 724,699 shares of the business services provider’s stock worth $343,935,000 after purchasing an additional 723,721 shares in the last quarter. Manning & Napier Advisors LLC purchased a new position in Moody’s during the second quarter worth about $141,336,000. Wulff Hansen & CO. grew its holdings in shares of Moody’s by 41,992.9% during the 2nd quarter. Wulff Hansen & CO. now owns 279,918 shares of the business services provider’s stock worth $117,826,000 after purchasing an additional 279,253 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Moody’s by 8.4% during the second quarter. Bank of New York Mellon Corp now owns 2,918,257 shares of the business services provider’s stock worth $1,228,382,000 after buying an additional 225,846 shares during the period. 92.11% of the stock is owned by institutional investors.

Insider Buying and Selling at Moody’s

In other Moody’s news, SVP Caroline Sullivan sold 1,681 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $462.40, for a total value of $777,294.40. Following the transaction, the senior vice president now directly owns 1,415 shares of the company’s stock, valued at $654,296. This represents a 54.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.07% of the company’s stock.

Moody’s Price Performance

Shares of NYSE:MCO opened at $482.09 on Friday. The firm has a market capitalization of $87.35 billion, a PE ratio of 44.03, a PEG ratio of 3.10 and a beta of 1.29. Moody’s Co. has a 1-year low of $350.38 and a 1-year high of $495.10. The business’s 50 day moving average is $474.05 and its 200-day moving average is $446.54. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.69.

Moody’s (NYSE:MCO) last announced its earnings results on Tuesday, October 22nd. The business services provider reported $3.21 earnings per share for the quarter, beating analysts’ consensus estimates of $2.89 by $0.32. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.71 billion. Moody’s had a return on equity of 57.97% and a net margin of 29.05%. The firm’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same period last year, the company posted $2.43 earnings per share. Sell-side analysts predict that Moody’s Co. will post 12.07 earnings per share for the current year.

Moody’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 22nd will be issued a $0.85 dividend. The ex-dividend date is Friday, November 22nd. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.71%. Moody’s’s dividend payout ratio (DPR) is presently 31.05%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MCO shares. Robert W. Baird increased their target price on Moody’s from $490.00 to $512.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. StockNews.com downgraded Moody’s from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Barclays upped their target price on Moody’s from $500.00 to $570.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Royal Bank of Canada upped their target price on shares of Moody’s from $450.00 to $475.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Finally, Wells Fargo & Company raised their price objective on Moody’s from $510.00 to $550.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price 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.