Moody's Co. SVP Sells $192,150 in Stock (MCO)
Moody's Co. (NYSE:MCO) SVP Blair Worrall unloaded 2,100 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $91.50, for a total value of $192,150.00. Following the sale, the senior vice president now directly owns 11,737 shares in the company, valued at approximately $1,073,936. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Moody's Co. (NYSE:MCO) traded up 0.09% during mid-day trading on Tuesday, hitting $91.38. The stock had a trading volume of 638,298 shares. Moody's Co. has a 52 week low of $62.95 and a 52 week high of $95.00. The stock has a 50-day moving average of $89.57 and a 200-day moving average of $83.31. The company has a market cap of $19.299 billion and a P/E ratio of 21.56.
Moody's Co. (NYSE:MCO) last issued its quarterly earnings data on Friday, July 25th. The company reported $1.12 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.00 earnings per share. The company’s quarterly revenue was up 15.5% on a year-over-year basis. Analysts expect that Moody's Co. will post $4.01 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Investors of record on Wednesday, August 20th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Monday, August 18th.
A number of analysts have recently weighed in on MCO shares. 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 analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Moody's Co. currently 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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