Moody’s Co. (NYSE:MCO) Stock Holdings Lessened by Maple Capital Management Inc.

Maple Capital Management Inc. trimmed its stake in Moody’s Co. (NYSE:MCO) by 1.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,182 shares of the business services provider’s stock after selling 23 shares during the quarter. Maple Capital Management Inc.’s holdings in Moody’s were worth $1,036,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Conning Inc. lifted its position in shares of Moody’s by 3.0% in the second quarter. Conning Inc. now owns 778 shares of the business services provider’s stock worth $327,000 after purchasing an additional 23 shares in the last quarter. Stratos Wealth Advisors LLC increased its holdings in Moody’s by 2.1% in the third quarter. Stratos Wealth Advisors LLC now owns 1,107 shares of the business services provider’s stock worth $525,000 after buying an additional 23 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in Moody’s by 1.8% in the second quarter. First Horizon Advisors Inc. now owns 1,357 shares of the business services provider’s stock worth $571,000 after buying an additional 24 shares during the last quarter. Capital Advisors Ltd. LLC increased its holdings in Moody’s by 2.6% in the second quarter. Capital Advisors Ltd. LLC now owns 960 shares of the business services provider’s stock worth $404,000 after buying an additional 24 shares during the last quarter. Finally, Diversified Trust Co increased its holdings in Moody’s by 0.5% in the third quarter. Diversified Trust Co now owns 5,004 shares of the business services provider’s stock worth $2,375,000 after buying an additional 25 shares during the last quarter. 92.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on MCO shares. Stifel Nicolaus increased their price objective on Moody’s from $443.00 to $454.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Wells Fargo & Company increased their price objective on Moody’s from $510.00 to $550.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. BMO Capital Markets increased their price target on Moody’s from $455.00 to $464.00 and gave the company a “market perform” rating in a report on Tuesday, October 15th. UBS Group increased their price target on Moody’s from $455.00 to $470.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Finally, Bank of America increased their price target on Moody’s from $430.00 to $510.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $488.46.

Insider Buying and Selling

In related news, insider Stephen T. Tulenko sold 569 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $444.26, for a total value of $252,783.94. Following the completion of the transaction, the insider now directly owns 8,147 shares of the company’s stock, valued at $3,619,386.22. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Moody’s news, SVP Richard G. Steele sold 1,862 shares of Moody’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $455.43, for a total transaction of $848,010.66. Following the completion of the transaction, the senior vice president now directly owns 1,040 shares of the company’s stock, valued at approximately $473,647.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stephen T. Tulenko sold 569 shares of Moody’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $444.26, for a total value of $252,783.94. Following the transaction, the insider now directly owns 8,147 shares of the company’s stock, valued at approximately $3,619,386.22. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,931 shares of company stock valued at $1,332,825 over the last ninety days. 0.07% of the stock is owned by company insiders.

Moody’s Trading Down 1.1 %

Shares of Moody’s stock opened at $481.50 on Tuesday. The company’s fifty day simple moving average is $478.03 and its 200-day simple moving average is $436.86. The company has a market cap of $87.92 billion, a price-to-earnings ratio of 53.16, a PEG ratio of 3.10 and a beta of 1.29. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.59. Moody’s Co. has a 1 year low of $298.86 and a 1 year high of $495.10.

Moody’s (NYSE:MCO) last issued its earnings results on Tuesday, October 22nd. The business services provider reported $3.21 EPS for the quarter, topping the consensus estimate of $2.75 by $0.46. The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Moody’s had a return on equity of 57.03% and a net margin of 28.34%. Moody’s’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same period last year, the business earned $2.43 earnings per share. As a group, sell-side analysts expect that Moody’s Co. will post 11.46 EPS for the current year.

About Moody’s

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.