State of Alaska Department of Revenue Sells 420 Shares of Moody’s Co. (NYSE:MCO)

State of Alaska Department of Revenue trimmed its stake in Moody’s Co. (NYSE:MCO) by 2.3% in the fourth quarter, Holdings Channel reports. The firm owned 17,770 shares of the business services provider’s stock after selling 420 shares during the quarter. State of Alaska Department of Revenue’s holdings in Moody’s were worth $8,411,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Planning Capital Management Corp grew its stake in shares of Moody’s by 566.7% in the third quarter. Planning Capital Management Corp now owns 60 shares of the business services provider’s stock valued at $29,000 after buying an additional 51 shares in the last quarter. Larson Financial Group LLC lifted its stake in Moody’s by 272.2% in the third quarter. Larson Financial Group LLC now owns 67 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 49 shares during the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of Moody’s in the 3rd quarter valued at about $36,000. Asset Dedication LLC increased its stake in shares of Moody’s by 83.0% during the 3rd quarter. Asset Dedication LLC now owns 86 shares of the business services provider’s stock worth $41,000 after purchasing an additional 39 shares during the last quarter. Finally, Albion Financial Group UT bought a new stake in shares of Moody’s in the 4th quarter valued at about $45,000. Institutional investors and hedge funds own 92.11% of the company’s stock.

Insider Buying and Selling at Moody’s

In related news, CEO Robert Fauber sold 281 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $474.86, for a total transaction of $133,435.66. Following the completion of the sale, the chief executive officer now owns 61,894 shares of the company’s stock, valued at $29,390,984.84. This represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 1,124 shares of company stock valued at $540,051 in the last three months. Corporate insiders own 0.07% of the company’s stock.

Moody’s Stock Performance

NYSE MCO opened at $502.46 on Friday. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.69. The company has a market capitalization of $91.05 billion, a P/E ratio of 45.89, a P/E/G ratio of 2.91 and a beta of 1.31. The firm has a 50-day moving average price of $482.89 and a two-hundred day moving average price of $475.66. Moody’s Co. has a 12-month low of $360.05 and a 12-month high of $505.77.

Analysts Set New Price Targets

A number of equities analysts recently commented on MCO shares. Morgan Stanley lifted their price target on Moody’s from $462.00 to $481.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. StockNews.com upgraded Moody’s from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. UBS Group increased their price target on Moody’s from $495.00 to $510.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus lifted their price objective on shares of Moody’s from $454.00 to $459.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. Finally, Oppenheimer increased their price objective on shares of Moody’s from $543.00 to $545.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $507.36.

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.