Westbourne Investment Advisors Inc. Has $1.33 Million Holdings in Moody’s Co. (NYSE:MCO)

Westbourne Investment Advisors Inc. decreased its holdings in Moody’s Co. (NYSE:MCO) by 7.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,801 shares of the business services provider’s stock after selling 210 shares during the period. Westbourne Investment Advisors Inc.’s holdings in Moody’s were worth $1,326,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

MCO has been the topic of several analyst reports. Citigroup began coverage on shares of Moody’s in a research report on Friday, December 20th. They set a “buy” rating and a $565.00 target price on the stock. Stifel Nicolaus increased their price objective on Moody’s from $454.00 to $459.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. Morgan Stanley boosted their target price on Moody’s from $462.00 to $481.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. BMO Capital Markets lifted their price target on shares of Moody’s from $468.00 to $481.00 and gave the company a “market perform” rating in a research report on Tuesday, January 21st. Finally, Oppenheimer increased their target price on Moody’s from $543.00 to $545.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. One research 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $507.36.

Insider Activity

In other Moody’s news, CEO Robert Fauber sold 281 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $474.86, for a total transaction of $133,435.66. Following the transaction, the chief executive officer now owns 61,894 shares of the company’s stock, valued at approximately $29,390,984.84. This represents a 0.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 1,124 shares of company stock valued at $540,051 over the last three months. 0.07% of the stock is owned by insiders.

Moody’s Trading Up 0.1 %

Shares of MCO opened at $503.51 on Friday. The stock has a fifty day moving average price of $482.92 and a two-hundred day moving average price of $475.85. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.67 and a current ratio of 1.67. The company 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.

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.