Morningstar Insider Unloads $363,465 in Stock (MORN)
Morningstar (NASDAQ:MORN) Insider David Williams sold 4,500 shares of the company’s stock on the open market in a transaction dated Monday, October 28th. The stock was sold at an average price of $80.77, for a total transaction of $363,465.00. Following the completion of the sale, the insider now directly owns 28,841 shares of the company’s stock, valued at approximately $2,329,488. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Morningstar (NASDAQ:MORN) traded up 0.36% during mid-day trading on Tuesday, hitting $80.60. The stock had a trading volume of 159,314 shares. Morningstar has a one year low of $60.69 and a one year high of $80.00. The stock has a 50-day moving average of $77.28 and a 200-day moving average of $72.1. The company has a market cap of $3.714 billion and a price-to-earnings ratio of 30.03.
Morningstar (NASDAQ:MORN) last announced its earnings results on Wednesday, October 23rd. The company reported $0.68 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.61 by $0.07. The company had revenue of $173.50 million for the quarter, compared to the consensus estimate of $173.80 million. Analysts expect that Morningstar will post $2.76 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 31st. Investors of record on Monday, October 14th will be given a dividend of $0.13 per share. This represents a $0.50 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Wednesday, October 9th.
Morningstar, Inc, is a provider of independent investment research to investors worldwide. It operates in two segments: Investment Information and Investment Management.
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