Insider Selling: David Williams Unloads 1,690 Shares of Morningstar Stock (MORN)
Morningstar (NASDAQ:MORN) Insider David Williams sold 1,690 shares of Morningstar stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $80.53, for a total transaction of $136,095.70. Following the completion of the sale, the insider now directly owns 30,531 shares of the company’s stock, valued at approximately $2,458,661. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Morningstar (NASDAQ:MORN) traded down 0.97% during mid-day trading on Wednesday, hitting $79.82. 30,659 shares of the company’s stock traded hands. Morningstar has a 52-week low of $60.69 and a 52-week 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 $3.678 billion and a price-to-earnings ratio of 30.14.
Morningstar (NASDAQ:MORN) last posted its quarterly 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. Shareholders 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.