Armstrong Henry H Associates Inc. Sells 1,732 Shares of Moody's Corporation $MCO

Key Points

• Armstrong Henry H Associates Inc. reduced its stake in Moody's Corporation by 1.2%, selling 1,732 shares and holding a total of 148,837 shares, which makes up approximately 7.0% of their investment portfolio.
• Insider activity includes Stephen T. Tulenko and Richard G. Steele selling significant shares of Moody's stock, dropping their ownership by 27.61% and 51.25%, respectively.
• Moody's reported an EPS of **$3.56** for the last quarter, exceeding estimates, and announced a quarterly dividend of **$0.94 per share**, reflecting a **0.7% dividend yield**.

Armstrong Henry H Associates Inc. lowered its position in Moody's Corporation (NYSE:MCO - Free Report) by 1.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 148,837 shares of the business services provider's stock after selling 1,732 shares during the quarter. Moody's comprises approximately 7.0% of Armstrong Henry H Associates Inc.'s investment portfolio, making the stock its 3rd biggest holding. Armstrong Henry H Associates Inc. owned 0.08% of Moody's worth $74,655,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Wolff Wiese Magana LLC increased its stake in shares of Moody's by 1,000.0% in the first quarter. Wolff Wiese Magana LLC now owns 55 shares of the business services provider's stock valued at $26,000 after purchasing an additional 50 shares during the period. Saudi Central Bank acquired a new stake in shares of Moody's in the first quarter valued at approximately $30,000. Central Pacific Bank Trust Division increased its stake in shares of Moody's by 42.9% in the second quarter. Central Pacific Bank Trust Division now owns 80 shares of the business services provider's stock valued at $40,000 after purchasing an additional 24 shares during the period. Golden State Wealth Management LLC increased its stake in shares of Moody's by 5,050.0% during the first quarter. Golden State Wealth Management LLC now owns 103 shares of the business services provider's stock valued at $48,000 after acquiring an additional 101 shares during the period. Finally, Alpine Bank Wealth Management acquired a new position in shares of Moody's during the first quarter valued at approximately $49,000. Institutional investors and hedge funds own 92.11% of the company's stock.

Insider Activity at Moody's

In related news, insider Stephen T. Tulenko sold 2,120 shares of Moody's stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $511.18, for a total value of $1,083,701.60. Following the transaction, the insider owned 5,558 shares in the company, valued at approximately $2,841,138.44. This trade represents a 27.61% 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 the SEC website. Also, SVP Richard G. Steele sold 1,457 shares of Moody's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $508.83, for a total value of $741,365.31. Following the completion of the transaction, the senior vice president owned 1,386 shares of the company's stock, valued at approximately $705,238.38. The trade was a 51.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,008 shares of company stock valued at $4,599,385 in the last ninety days. 0.14% of the stock is owned by insiders.

Moody's Stock Performance

Shares of MCO stock opened at $512.32 on Friday. The stock has a fifty day moving average of $508.68 and a 200 day moving average of $479.72. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 1.70. The firm has a market capitalization of $91.71 billion, a price-to-earnings ratio of 43.53, a PEG ratio of 3.32 and a beta of 1.42. Moody's Corporation has a 52 week low of $378.71 and a 52 week high of $531.93.

Moody's (NYSE:MCO - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $3.56 earnings per share for the quarter, topping the consensus estimate of $3.39 by $0.17. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.82 billion. Moody's had a return on equity of 60.73% and a net margin of 29.18%.The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company posted $3.28 EPS. Moody's has set its FY 2025 guidance at 13.500-14.000 EPS. As a group, research analysts expect that Moody's Corporation will post 13.95 earnings per share for the current year.

Moody's Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were paid a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, August 15th. Moody's's dividend payout ratio is 31.95%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on MCO shares. Wells Fargo & Company raised their target price on shares of Moody's from $573.00 to $595.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Royal Bank Of Canada restated an "outperform" rating and set a $550.00 price objective on shares of Moody's in a report on Wednesday, June 4th. Oppenheimer boosted their price target on shares of Moody's from $552.00 to $563.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. BMO Capital Markets upped their target price on shares of Moody's from $509.00 to $534.00 and gave the company a "market perform" rating in a research note on Thursday, July 24th. Finally, Morgan Stanley upped their price target on shares of Moody's from $493.00 to $498.00 and gave the company an "equal weight" rating in a report on Monday, July 7th. Ten investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $540.57.

Moody's Company 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.

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