Insider Selling: Moody's Co. CEO Unloads 93,750 Shares of Stock (MCO)
Moody's Co. (NYSE:MCO) CEO Raymond W. Mcdaniel unloaded 93,750 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $91.74, for a total transaction of $8,600,625.00. Following the sale, the chief executive officer now directly owns 207,184 shares in the company, valued at approximately $19,007,060. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Moody's Co. (NYSE:MCO) traded up 0.24% during mid-day trading on Monday, hitting $91.30. 933,070 shares of the company’s stock traded hands. Moody's Co. has a 1-year low of $62.95 and a 1-year high of $95.00. The stock has a 50-day moving average of $89.48 and a 200-day moving average of $83.06. The company has a market cap of $19.282 billion and a price-to-earnings ratio of 21.51.
Moody's Co. (NYSE:MCO) last posted its quarterly earnings results on Friday, July 25th. The company reported $1.12 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.00 earnings per share. Moody's Co.’s revenue was up 15.5% compared to the same quarter last year. Analysts expect that Moody's Co. will post $4.01 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Investors 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 1.23%. The ex-dividend date is Monday, August 18th.
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 research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $90.33.
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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