Moody's Co. Insider Mark Almeida Sells 36,850 Shares (MCO)
Moody's Co. (NYSE:MCO) Insider Mark Almeida unloaded 36,850 shares of Moody's Co. stock on the open market in a transaction dated Thursday, August 14th. The stock was sold at an average price of $91.60, for a total transaction of $3,375,460.00. Following the completion of the sale, the insider now directly owns 124,725 shares in the company, valued at approximately $11,424,810. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
MCO has been the subject of a number of recent research reports. Analysts at Goldman Sachs raised their price target on shares of Moody's Co. from $80.00 to $83.00 in a research note on Tuesday, August 5th. Separately, analysts at Benchmark Co. raised their price target on shares of Moody's Co. from $81.00 to $96.00 in a research note on Tuesday, July 29th. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Moody's Co. in a research note on Monday, July 28th. They now have a $104.00 price target on the stock, up previously from $100.00. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $90.33.
Moody's Co. (NYSE:MCO) traded down 0.37% on Friday, hitting $91.36. The stock had a trading volume of 1,486,869 shares. Moody's Co. has a one year low of $62.95 and a one year high of $95.00. The stock’s 50-day moving average is $89.35 and its 200-day moving average is $82.94. The company has a market cap of $19.295 billion and a price-to-earnings ratio of 21.66.
Moody's Co. (NYSE:MCO) last released its earnings data on Friday, July 25th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.11. The company had revenue of $873.50 million for the quarter, compared to the consensus estimate of $801.50 million. During the same quarter in the previous year, the company posted $1.00 earnings per share. The company’s quarterly revenue was up 15.5% on a year-over-year basis. On average, analysts predict that Moody's Co. will post $4.01 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Shareholders of record on Wednesday, August 20th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Monday, August 18th.
Moody’s Corporation (NYSE:MCO) is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk management services; quantitative credit risk measures, financial services training and certification services, and outsourced research and analytical services to institutional customers.
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