Moody’s Corporation (MCO) is Armstrong Henry H Associates Inc.’s 6th Largest Position

Armstrong Henry H Associates Inc. raised its stake in Moody’s Corporation (NYSE:MCO) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 213,367 shares of the business services provider’s stock after buying an additional 235 shares during the period. Moody’s Corporation makes up about 5.0% of Armstrong Henry H Associates Inc.’s investment portfolio, making the stock its 6th largest position. Armstrong Henry H Associates Inc. owned about 0.11% of Moody’s Corporation worth $25,962,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in MCO. Gulf International Bank UK Ltd raised its stake in Moody’s Corporation by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 51,867 shares of the business services provider’s stock valued at $5,811,000 after buying an additional 700 shares during the last quarter. Creative Planning raised its stake in Moody’s Corporation by 1.2% in the first quarter. Creative Planning now owns 7,696 shares of the business services provider’s stock worth $862,000 after buying an additional 91 shares during the last quarter. Boltwood Capital Management purchased a new stake in Moody’s Corporation during the first quarter worth $207,000. Chevy Chase Trust Holdings Inc. raised its stake in Moody’s Corporation by 2.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 154,385 shares of the business services provider’s stock worth $17,297,000 after buying an additional 4,097 shares during the last quarter. Finally, Pensionfund DSM Netherlands purchased a new stake in Moody’s Corporation during the first quarter worth $3,417,000. 88.81% of the stock is owned by institutional investors.

Shares of Moody’s Corporation (NYSE:MCO) traded up 0.25% during mid-day trading on Wednesday, reaching $128.02. 1,390,674 shares of the company traded hands. The stock’s 50 day moving average is $125.51 and its 200 day moving average is $115.83. Moody’s Corporation has a 52-week low of $93.51 and a 52-week high of $135.20. The stock has a market capitalization of $24.46 billion, a PE ratio of 51.43 and a beta of 1.29.

Moody’s Corporation (NYSE:MCO) last posted its quarterly earnings data on Friday, July 21st. The business services provider reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.18. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $968.78 million. Moody’s Corporation had a negative return on equity of 167.31% and a net margin of 12.63%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.30 EPS. On average, analysts anticipate that Moody’s Corporation will post $5.51 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Tuesday, August 22nd will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.19%. The ex-dividend date is Friday, August 18th. Moody’s Corporation’s payout ratio is 61.29%.

A number of equities research analysts recently weighed in on the stock. Barclays PLC reaffirmed a “hold” rating and set a $118.00 price target on shares of Moody’s Corporation in a report on Thursday, April 27th. Zacks Investment Research lowered shares of Moody’s Corporation from a “buy” rating to a “hold” rating in a report on Monday, June 19th. BidaskClub downgraded shares of Moody’s Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Cantor Fitzgerald reiterated a “neutral” rating and set a $128.00 price objective (up from $116.00) on shares of Moody’s Corporation in a research note on Monday, July 24th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $124.00 price objective on shares of Moody’s Corporation in a research note on Wednesday, April 26th. Six research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Moody’s Corporation has a consensus rating of “Hold” and a consensus price target of $127.13.

In other Moody’s Corporation news, VP Linda Huber sold 13,698 shares of the stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $119.50, for a total transaction of $1,636,911.00. Following the transaction, the vice president now owns 77,836 shares in the company, valued at approximately $9,301,402. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Darrell Duffie sold 500 shares of the stock in a transaction on Friday, June 30th. The stock was sold at an average price of $121.64, for a total value of $60,820.00. Following the transaction, the director now owns 22,268 shares in the company, valued at approximately $2,708,679.52. The disclosure for this sale can be found here. Insiders have sold a total of 257,828 shares of company stock worth $30,938,654 in the last quarter. Company insiders own 1.17% of the company’s stock.

About Moody’s Corporation

Moody’s Corporation (Moody’s) is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk management services, quantitative credit risk measures, financial services training and certification services, and research and analytical services to financial institution customers.