3,348 Shares in Moody's Corporation $MCO Bought by Retirement Planning Co of New England Inc.

Key Points

• Retirement Planning Co of New England Inc. has acquired 3,348 shares of Moody's Corporation valued at approximately $1,559,000, marking a new investment in the firm.
• Moody's reported a quarterly earnings of $3.56 per share, exceeding analyst expectations, with a net revenue of $1.90 billion, a year-over-year increase of 4.5%.
• The company recently declared a quarterly dividend of $0.94 per share, representing an annual dividend of $3.76 with a yield of 0.7%.

Retirement Planning Co of New England Inc. bought a new stake in Moody's Corporation (NYSE:MCO - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,348 shares of the business services provider's stock, valued at approximately $1,559,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC increased its holdings 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 buying an additional 50 shares in the last quarter. Saudi Central Bank bought a new stake in Moody's during the first quarter valued at about $30,000. Golden State Wealth Management LLC lifted its stake in shares of Moody's by 5,050.0% in the first quarter. Golden State Wealth Management LLC now owns 103 shares of the business services provider's stock valued at $48,000 after buying an additional 101 shares during the period. Alpine Bank Wealth Management acquired a new position in Moody's in the first quarter worth about $49,000. Finally, Meeder Asset Management Inc. raised its stake in shares of Moody's by 132.6% in the first quarter. Meeder Asset Management Inc. now owns 107 shares of the business services provider's stock valued at $50,000 after acquiring an additional 61 shares during the last quarter. Institutional investors own 92.11% of the company's stock.

Moody's Stock Down 0.5%

NYSE:MCO traded down $2.59 during trading hours on Wednesday, reaching $495.91. The company had a trading volume of 551,299 shares, compared to its average volume of 538,294. The firm has a market cap of $88.77 billion, a price-to-earnings ratio of 42.13, a P/E/G ratio of 3.26 and a beta of 1.42. The business's 50-day simple moving average is $507.02 and its two-hundred day simple moving average is $479.90. Moody's Corporation has a twelve month low of $378.71 and a twelve month high of $531.93. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 1.70.

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

Moody's Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, August 15th. Moody's's dividend payout ratio is 31.95%.

Wall Street Analyst Weigh In

MCO has been the subject of a number of analyst reports. UBS Group lifted their target price on shares of Moody's from $445.00 to $515.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Mizuho boosted their price objective on shares of Moody's from $496.00 to $532.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. Morgan Stanley boosted their price target on shares of Moody's from $493.00 to $498.00 and gave the stock an "equal weight" rating in a research report on Monday, July 7th. JPMorgan Chase & Co. boosted their price target on shares of Moody's from $495.00 to $565.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Finally, Oppenheimer increased their price target on shares of Moody's from $552.00 to $563.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. Ten research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $540.57.

Insiders Place Their Bets

In related news, insider Michael L. West sold 3,704 shares of the company's stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $511.10, for a total transaction of $1,893,114.40. Following the completion of the sale, the insider directly owned 8,209 shares in the company, valued at $4,195,619.90. This represents a 31.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Stephen T. Tulenko sold 2,120 shares of the company's stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $511.18, for a total transaction of $1,083,701.60. Following the completion of the transaction, the insider owned 5,558 shares of the company's stock, valued at $2,841,138.44. This trade represents a 27.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,008 shares of company stock worth $4,599,385. 0.14% of the stock is owned by corporate insiders.

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.