Atticus Wealth Management LLC Decreases Position in Moody’s Co. (NYSE:MCO)

Atticus Wealth Management LLC trimmed its holdings in shares of Moody’s Co. (NYSE:MCO) by 34.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 75 shares of the business services provider’s stock after selling 40 shares during the period. Atticus Wealth Management LLC’s holdings in Moody’s were worth $36,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Haverford Trust Co boosted its position in shares of Moody’s by 1.8% during the third quarter. Haverford Trust Co now owns 1,223 shares of the business services provider’s stock valued at $580,000 after purchasing an additional 22 shares in the last quarter. Stratos Wealth Advisors LLC raised its stake in Moody’s by 2.1% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 1,107 shares of the business services provider’s stock valued at $525,000 after buying an additional 23 shares during the last quarter. Okabena Investment Services Inc. increased its position in Moody’s by 0.8% during the third quarter. Okabena Investment Services Inc. now owns 2,767 shares of the business services provider’s stock valued at $1,313,000 after acquiring an additional 23 shares during the last quarter. McGlone Suttner Wealth Management Inc. lifted its stake in shares of Moody’s by 3.2% in the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 746 shares of the business services provider’s stock worth $353,000 after purchasing an additional 23 shares during the period. Finally, Capital Advisors Ltd. LLC raised its position in Moody’s by 2.5% in the third quarter. Capital Advisors Ltd. LLC now owns 984 shares of the business services provider’s stock worth $467,000 after acquiring an additional 24 shares during the period. Institutional investors own 92.11% of the company’s stock.

Moody’s Stock Up 0.6 %

Shares of NYSE:MCO opened at $489.21 on Monday. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.67 and a quick ratio of 1.67. Moody’s Co. has a 1-year low of $360.05 and a 1-year high of $503.95. The firm has a fifty day moving average price of $481.00 and a 200 day moving average price of $472.93. The stock has a market cap of $88.65 billion, a P/E ratio of 44.68, a P/E/G ratio of 2.82 and a beta of 1.30.

Analyst Upgrades and Downgrades

MCO has been the topic of several analyst reports. Oppenheimer lifted their price target on shares of Moody’s from $543.00 to $545.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. StockNews.com raised shares of Moody’s from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Robert W. Baird boosted their price objective on Moody’s from $490.00 to $512.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Citigroup assumed coverage on shares of Moody’s in a research note on Friday, December 20th. They issued a “buy” rating and a $565.00 target price on the stock. Finally, UBS Group raised their price target on Moody’s from $495.00 to $510.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, five have assigned 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 a consensus price target of $507.36.

Insider Transactions at Moody’s

In other Moody’s news, CEO Robert Fauber sold 281 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now owns 61,894 shares in the company, valued at approximately $29,390,984.84. This represents a 0.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 843 shares of company stock worth $401,119 over the last 90 days. 0.07% of the stock is currently owned by insiders.

About Moody’s

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.