Accurate Wealth Management LLC Has $303,000 Stock Position in Moody’s Co. (NYSE:MCO)

Accurate Wealth Management LLC grew its stake in shares of Moody’s Co. (NYSE:MCO) by 17.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 668 shares of the business services provider’s stock after acquiring an additional 100 shares during the period. Accurate Wealth Management LLC’s holdings in Moody’s were worth $303,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its stake in Moody’s by 74,000.1% in the 3rd quarter. International Assets Investment Management LLC now owns 724,699 shares of the business services provider’s stock valued at $343,935,000 after purchasing an additional 723,721 shares during the period. FMR LLC lifted its holdings in shares of Moody’s by 12.3% during the third quarter. FMR LLC now owns 6,581,036 shares of the business services provider’s stock worth $3,123,294,000 after buying an additional 723,226 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Moody’s by 32.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,075,719 shares of the business services provider’s stock worth $985,115,000 after buying an additional 502,891 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Moody’s by 22.6% in the third quarter. Jennison Associates LLC now owns 2,333,263 shares of the business services provider’s stock valued at $1,107,344,000 after acquiring an additional 430,878 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Moody’s by 13.0% in the third quarter. Geode Capital Management LLC now owns 3,612,172 shares of the business services provider’s stock valued at $1,708,851,000 after acquiring an additional 416,535 shares in the last quarter. Institutional investors own 92.11% of the company’s stock.

Moody’s Stock Up 1.6 %

Shares of NYSE:MCO opened at $479.05 on Friday. Moody’s Co. has a 52-week low of $360.05 and a 52-week high of $503.95. The company has a market capitalization of $86.80 billion, a PE ratio of 43.75, a price-to-earnings-growth ratio of 2.66 and a beta of 1.30. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.67 and a current ratio of 1.67. The company has a fifty day moving average of $480.13 and a 200-day moving average of $470.31.

Moody’s (NYSE:MCO) last issued its earnings results on Tuesday, October 22nd. The business services provider reported $3.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.89 by $0.32. Moody’s had a return on equity of 57.97% and a net margin of 29.05%. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter in the prior year, the firm earned $2.43 EPS. The business’s revenue for the quarter was up 23.2% compared to the same quarter last year. On average, equities analysts predict that Moody’s Co. will post 12.17 EPS for the current fiscal year.

Moody’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 22nd were issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Friday, November 22nd. Moody’s’s payout ratio is 31.05%.

Insider Buying and Selling at Moody’s

In other Moody’s news, CEO Robert Fauber sold 281 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $478.99, for a total value of $134,596.19. Following the sale, the chief executive officer now owns 61,354 shares in the company, valued at approximately $29,387,952.46. The trade was a 0.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Caroline Sullivan sold 1,681 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $462.40, for a total value of $777,294.40. Following the transaction, the senior vice president now owns 1,415 shares of the company’s stock, valued at $654,296. This trade represents a 54.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,524 shares of company stock worth $1,178,413. 0.07% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Oppenheimer boosted their price objective on shares of Moody’s from $543.00 to $545.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Wells Fargo & Company increased their price target on Moody’s from $510.00 to $550.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Stifel Nicolaus lifted their price objective on Moody’s from $454.00 to $459.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. Robert W. Baird upped their target price on Moody’s from $490.00 to $512.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Finally, StockNews.com upgraded Moody’s from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Moody’s presently has an average rating of “Moderate Buy” and an average price target of $506.14.

Moody’s Profile

Moody’s Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody’s Analytics and Moody’s Investors Services. The Moody’s Analytics segment develops a range of products and services that support the risk management activities of institutional participants in financial markets.