Moody's Corporation (NYSE:MCO) Shares Sold by Lineweaver Wealth Advisors LLC

Lineweaver Wealth Advisors LLC lowered its stake in Moody's Corporation (NYSE:MCO - Free Report) by 31.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,050 shares of the business services provider's stock after selling 954 shares during the quarter. Lineweaver Wealth Advisors LLC's holdings in Moody's were worth $955,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MCO. Wolff Wiese Magana LLC raised its holdings in shares of Moody's by 1,000.0% during the 1st quarter. Wolff Wiese Magana LLC now owns 55 shares of the business services provider's stock worth $26,000 after acquiring an additional 50 shares during the period. Golden State Wealth Management LLC raised its holdings in shares of Moody's by 5,050.0% during the 1st quarter. Golden State Wealth Management LLC now owns 103 shares of the business services provider's stock worth $48,000 after acquiring an additional 101 shares during the period. Alpine Bank Wealth Management purchased a new position in shares of Moody's during the 1st quarter worth $49,000. Mizuho Bank Ltd. purchased a new position in shares of Moody's during the 4th quarter worth $66,000. Finally, LGT Financial Advisors LLC purchased a new position in shares of Moody's during the 4th quarter worth $83,000. Hedge funds and other institutional investors own 92.11% of the company's stock.

Moody's Stock Performance

Shares of MCO stock traded down $2.69 during trading hours on Friday, hitting $499.74. The stock had a trading volume of 498,037 shares, compared to its average volume of 787,131. The firm has a market capitalization of $89.90 billion, a PE ratio of 43.10, a PEG ratio of 3.10 and a beta of 1.38. Moody's Corporation has a twelve month low of $378.71 and a twelve month high of $531.93. The stock's 50 day moving average is $486.33 and its 200 day moving average is $474.31. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.57 and a quick ratio of 1.56.

Moody's (NYSE:MCO - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The business services provider reported $3.83 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.25. Moody's had a return on equity of 60.37% and a net margin of 29.15%. The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.90 billion. As a group, research analysts forecast that Moody's Corporation will post 13.95 earnings per share for the current fiscal year.

Moody's Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Friday, May 16th. Moody's's payout ratio is 32.47%.

Insider Transactions at Moody's

In other news, CEO Robert Fauber sold 415 shares of the firm's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $503.40, for a total value of $208,911.00. Following the completion of the transaction, the chief executive officer owned 61,886 shares in the company, valued at $31,153,412.40. This trade represents a 0.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.14% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Bank of America assumed coverage on shares of Moody's in a research note on Thursday, April 10th. They set a "buy" rating and a $530.00 target price for the company. BMO Capital Markets lowered their target price on shares of Moody's from $475.00 to $456.00 and set a "market perform" rating for the company in a research note on Wednesday, April 23rd. Morgan Stanley increased their target price on shares of Moody's from $493.00 to $498.00 and gave the stock an "equal weight" rating in a research note on Monday, July 7th. UBS Group increased their target price on shares of Moody's from $445.00 to $515.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. Finally, Barclays lowered their target price on shares of Moody's from $570.00 to $520.00 and set an "overweight" rating for the company in a research note on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Moody's presently has a consensus rating of "Moderate Buy" and a consensus price target of $519.07.

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.