Chronos Wealth Management LLC Decreases Stake in Moody’s Co. (NYSE:MCO)

Chronos Wealth Management LLC lessened its stake in Moody’s Co. (NYSE:MCO) by 3.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,550 shares of the business services provider’s stock after selling 54 shares during the quarter. Moody’s makes up approximately 0.4% of Chronos Wealth Management LLC’s portfolio, making the stock its 27th biggest holding. Chronos Wealth Management LLC’s holdings in Moody’s were worth $734,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Haverford Trust Co boosted its holdings in shares of Moody’s by 1.8% in the 3rd quarter. Haverford Trust Co now owns 1,223 shares of the business services provider’s stock worth $580,000 after purchasing an additional 22 shares in the last quarter. Avitas Wealth Management LLC grew its holdings in shares of Moody’s by 0.8% in the fourth quarter. Avitas Wealth Management LLC now owns 2,803 shares of the business services provider’s stock worth $1,327,000 after purchasing an additional 22 shares during the last quarter. Stratos Wealth Advisors LLC boosted its position 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 period. Okabena Investment Services Inc. grew its holdings in Moody’s by 0.8% in the 3rd quarter. Okabena Investment Services Inc. now owns 2,767 shares of the business services provider’s stock worth $1,313,000 after acquiring an additional 23 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. raised its stake in shares of Moody’s by 3.2% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 746 shares of the business services provider’s stock valued at $353,000 after acquiring an additional 23 shares during the last quarter. Hedge funds and other institutional investors own 92.11% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on MCO. BMO Capital Markets upped their price objective on shares of Moody’s from $468.00 to $481.00 and gave the stock a “market perform” rating in a report on Tuesday, January 21st. UBS Group lifted their price target on Moody’s from $495.00 to $510.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Morgan Stanley increased their price objective on Moody’s from $462.00 to $481.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Stifel Nicolaus boosted their price objective on shares of Moody’s from $454.00 to $459.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. Finally, StockNews.com raised shares of Moody’s from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $507.36.

Insider Transactions at Moody’s

In related news, CEO Robert Fauber sold 281 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $473.62, for a total value of $133,087.22. Following the completion of the sale, the chief executive officer now owns 61,894 shares of the company’s stock, valued at approximately $29,314,236.28. This represents a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders sold a total of 1,124 shares of company stock valued at $540,051 in the last three months. 0.07% of the stock is currently owned by company insiders.

Moody’s Trading Up 0.1 %

Shares of Moody’s stock opened at $503.51 on Friday. Moody’s Co. has a fifty-two week low of $360.05 and a fifty-two week high of $506.27. 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 P/E ratio of 45.98, a price-to-earnings-growth ratio of 2.91 and a beta of 1.31. The firm has a 50-day simple moving average of $482.92 and a two-hundred day simple moving average of $475.85.

Moody’s 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.