Morningstar Insider David Williams Unloads 1,690 Shares (MORN)
Morningstar (NASDAQ:MORN) Insider David Williams sold 1,690 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $80.53, for a total value of $136,095.70. Following the completion of the sale, the insider now directly owns 30,531 shares in the company, valued at approximately $2,458,661. The sale was disclosed in a legal filing with the SEC, 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 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 $3.678 billion and a P/E ratio of 30.14.
Morningstar (NASDAQ:MORN) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters 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 announced a quarterly dividend, which is scheduled for Thursday, October 31st. Stockholders of record on Monday, October 14th will be paid a dividend of $0.13 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.62%. The ex-dividend date 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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