Morningstar General Counsel Unloads $80,130 in Stock (MORN)
Morningstar (NASDAQ:MORN) General Counsel Richard Robbins sold 1,000 shares of Morningstar stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $80.13, for a total transaction of $80,130.00. Following the completion of the sale, the general counsel now directly owns 27,172 shares in the company, valued at approximately $2,177,292. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Morningstar (NASDAQ:MORN) traded down 0.73% on Wednesday, hitting $80.01. 31,359 shares of the company’s stock traded hands. 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 $3.687 billion and a P/E ratio of 30.14.
Morningstar (NASDAQ:MORN) last issued its quarterly earnings data 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. On average, analysts predict that Morningstar will post $2.76 earnings per share 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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