Moody’s Co. (NYSE:MCO) Shares Sold by Chronos Wealth Management LLC

Chronos Wealth Management LLC cut its holdings in Moody’s Co. (NYSE:MCO) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,550 shares of the business services provider’s stock after selling 54 shares during the period. Moody’s comprises about 0.4% of Chronos Wealth Management LLC’s holdings, making the stock its 27th largest position. Chronos Wealth Management LLC’s holdings in Moody’s were worth $734,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in MCO. State Street Corp boosted its stake in Moody’s by 0.9% in the third quarter. State Street Corp now owns 7,047,772 shares of the business services provider’s stock valued at $3,344,802,000 after acquiring an additional 63,556 shares in the last quarter. FMR LLC grew its holdings in shares of Moody’s by 12.3% during the third quarter. FMR LLC now owns 6,581,036 shares of the business services provider’s stock worth $3,123,294,000 after buying an additional 723,226 shares during the last quarter. Geode Capital Management LLC raised its stake in Moody’s by 13.0% during the 3rd quarter. Geode Capital Management LLC now owns 3,612,172 shares of the business services provider’s stock valued at $1,708,851,000 after acquiring an additional 416,535 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Moody’s by 22.6% during the third quarter. Jennison Associates LLC now owns 2,333,263 shares of the business services provider’s stock worth $1,107,344,000 after purchasing an additional 430,878 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in Moody’s by 32.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,075,719 shares of the business services provider’s stock valued at $985,115,000 after buying an additional 502,891 shares during the last quarter. 92.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Moody’s Stock Performance

Shares of MCO opened at $503.51 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 business’s 50 day moving average is $482.92 and its two-hundred day moving average is $475.85. The firm has a market cap of $91.24 billion, a price-to-earnings ratio of 45.98, a PEG ratio of 2.91 and a beta of 1.31. Moody’s Co. has a 52-week low of $360.05 and a 52-week high of $506.27.

Insider Transactions at Moody’s

In other news, CEO Robert Fauber sold 281 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $478.99, for a total transaction of $134,596.19. Following the completion of the transaction, the chief executive officer now directly owns 61,354 shares of the company’s stock, valued at approximately $29,387,952.46. This represents a 0.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 1,124 shares of company stock valued at $540,051. Insiders own 0.07% of the company’s stock.

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.