Hexagon Capital Partners LLC Has $154,000 Holdings in Moody’s Co. (NYSE:MCO)

Hexagon Capital Partners LLC cut its holdings in shares of Moody’s Co. (NYSE:MCO) by 7.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 324 shares of the business services provider’s stock after selling 27 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Moody’s were worth $154,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Conning Inc. lifted its holdings in shares of Moody’s by 3.0% during the second quarter. Conning Inc. now owns 778 shares of the business services provider’s stock worth $327,000 after buying an additional 23 shares during the last quarter. First Horizon Advisors Inc. raised its stake in shares of 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 valued at $571,000 after purchasing an additional 24 shares in the last quarter. Capital Advisors Ltd. LLC raised its stake in shares of Moody’s by 2.6% in the second quarter. Capital Advisors Ltd. LLC now owns 960 shares of the business services provider’s stock valued at $404,000 after purchasing an additional 24 shares in the last quarter. Diversified Trust Co raised its stake in shares of Moody’s by 0.5% in the third quarter. Diversified Trust Co now owns 5,004 shares of the business services provider’s stock valued at $2,375,000 after purchasing an additional 25 shares in the last quarter. Finally, Angeles Wealth Management LLC raised its stake in shares of Moody’s by 0.7% in the second quarter. Angeles Wealth Management LLC now owns 3,871 shares of the business services provider’s stock valued at $1,629,000 after purchasing an additional 26 shares in the last quarter. 92.11% of the stock is currently owned by institutional investors and hedge funds.

Moody’s Price Performance

Shares of MCO stock opened at $469.40 on Friday. Moody’s Co. has a 1 year low of $298.86 and a 1 year high of $495.10. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.59. The firm’s 50 day moving average is $473.72 and its 200-day moving average is $431.43. The firm has a market capitalization of $85.71 billion, a price-to-earnings ratio of 51.64, a PEG ratio of 3.18 and a beta of 1.29.

Moody’s (NYSE:MCO) last posted its quarterly earnings data on Tuesday, July 23rd. The business services provider reported $3.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.06 by $0.22. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.72 billion. Moody’s had a return on equity of 57.03% and a net margin of 28.34%. The business’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.30 EPS. Sell-side analysts forecast that Moody’s Co. will post 11.32 EPS for the current fiscal year.

Moody’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were issued a $0.85 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $3.40 annualized dividend and a yield of 0.72%. Moody’s’s dividend payout ratio is currently 37.12%.

Insider Buying and Selling at Moody’s

In other Moody’s news, insider Stephen T. Tulenko sold 569 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $444.26, for a total transaction of $252,783.94. Following the completion of the sale, the insider now owns 8,147 shares in the company, valued at approximately $3,619,386.22. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Stephen T. Tulenko sold 569 shares of Moody’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $444.26, for a total transaction of $252,783.94. Following the completion of the sale, the insider now directly owns 8,147 shares of the company’s stock, valued at $3,619,386.22. The trade was 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 at this link. Also, insider Stephen T. Tulenko sold 500 shares of Moody’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $464.06, for a total value of $232,030.00. Following the sale, the insider now directly owns 6,647 shares of the company’s stock, valued at approximately $3,084,606.82. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,931 shares of company stock valued at $1,332,825. 0.07% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MCO. Raymond James lowered Moody’s from a “market perform” rating to an “underperform” rating in a research note on Monday, September 23rd. Morgan Stanley upped their target price on Moody’s from $451.00 to $462.00 and gave the company an “equal weight” rating in a research note on Wednesday. BMO Capital Markets lowered Moody’s from an “outperform” rating to a “market perform” rating and cut their target price for the company from $482.00 to $455.00 in a research note on Wednesday, July 24th. UBS Group upped their target price on Moody’s from $455.00 to $470.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Finally, Evercore ISI began coverage on Moody’s in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $521.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $487.77.

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.