Donaldson Capital Management LLC Raises Stock Holdings in Moody’s Corporation $MCO

by · The Cerbat Gem

Donaldson Capital Management LLC boosted its holdings in shares of Moody’s Corporation (NYSE:MCO – Free Report) by 12.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,904 shares of the business services provider’s stock after acquiring an additional 2,899 shares during the quarter. Donaldson Capital Management LLC’s holdings in Moody’s were worth $12,819,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MCO. Keybank National Association OH boosted its stake in shares of Moody’s by 13.1% during the third quarter. Keybank National Association OH now owns 12,276 shares of the business services provider’s stock valued at $5,849,000 after purchasing an additional 1,426 shares during the period. Howard Capital Management Inc. increased its position in shares of Moody’s by 3.0% during the third quarter. Howard Capital Management Inc. now owns 1,027 shares of the business services provider’s stock worth $489,000 after acquiring an additional 30 shares during the period. National Pension Service increased its position in shares of Moody’s by 2.8% during the third quarter. National Pension Service now owns 370,862 shares of the business services provider’s stock worth $176,708,000 after acquiring an additional 10,090 shares during the period. Welch & Forbes LLC raised its stake in shares of Moody’s by 1.9% during the third quarter. Welch & Forbes LLC now owns 50,041 shares of the business services provider’s stock valued at $23,844,000 after acquiring an additional 935 shares in the last quarter. Finally, AlphaQuest LLC boosted its holdings in shares of Moody’s by 185.4% in the third quarter. AlphaQuest LLC now owns 2,506 shares of the business services provider’s stock valued at $1,194,000 after purchasing an additional 1,628 shares during the period. Hedge funds and other institutional investors own 92.11% of the company’s stock.

Moody’s Price Performance

Shares of MCO stock opened at $515.39 on Friday. Moody’s Corporation has a fifty-two week low of $378.71 and a fifty-two week high of $546.88. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a market capitalization of $91.95 billion, a price-to-earnings ratio of 41.43, a PEG ratio of 2.38 and a beta of 1.45. The stock’s 50-day simple moving average is $509.66 and its 200-day simple moving average is $500.42.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Evercore ISI lifted their target price on Moody’s from $540.00 to $620.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. Wall Street Zen downgraded Moody’s from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Moody’s in a research report on Friday, October 31st. Morgan Stanley upped their price objective on Moody’s from $520.00 to $526.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 13th. Finally, The Goldman Sachs Group raised shares of Moody’s from a “neutral” rating to a “buy” rating and increased their price target for the company from $524.00 to $570.00 in a research report on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $560.94.

View Our Latest Analysis on MCO

Insider Transactions at Moody’s

In other Moody’s news, CEO Robert Fauber sold 1,167 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $478.95, for a total transaction of $558,934.65. Following the transaction, the chief executive officer owned 61,082 shares in the company, valued at approximately $29,255,223.90. This represents a 1.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.14% of the company’s stock.

About Moody’s

(Free Report)

Moody’s Corporation is a global provider of credit ratings, research, data and analytics that support financial decision-making and transparency in capital markets. The company traces its origins to the early 20th century when financial analyst John Moody began publishing credit information; today Moody’s is headquartered in New York and serves a broad set of market participants including investors, issuers, financial institutions, corporations, governments and regulators.

Moody’s operates primarily through two complementary businesses.

Further Reading

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