Moody’s Corp. (NYSE: MCO) is 19.56% higher on its value in year-to-date trading and has touched a low of $298.86 and a high of $495.10 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MCO stock was last observed hovering at around $468.86 in the last trading session, with the day’s loss setting it -1.92%.
Currently trading at $466.94, the stock is -1.55% and -2.26% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.79 million and changing -0.41% at the moment leaves the stock 10.48% off its SMA200. MCO registered 52.79% gain for a year compared to 6-month gain of 24.46%. The firm has a 50-day simple moving average (SMA 50) of $477.7452 and a 200-day simple moving average (SMA200) of $422.65854.
The stock witnessed a -1.93% loss in the last 1 month and extending the period to 3 months gives it a 4.05%, and is -3.94% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.53% over the week and 1.47% over the month.
Moody’s Corp. (MCO) has around 15151 employees, a market worth around $85.03B and $6.90B in sales. Current P/E ratio is 42.68 and Fwd P/E is 35.20. Profit margin for the company is 29.05%. Distance from 52-week low is 56.24% and -5.69% from its 52-week high. The company has generated returns on investments over the last 12 months (18.17%).
Moody’s Corp. quarterly earnings per share for the current quarter are estimated at 2.26 with sales reaching $1.58B over the same period.The EPS is expected to grow by 21.14% this year, but quarterly earnings will post 17.50% year-over-year. Quarterly sales are estimated to grow 6.90% in year-over-year returns.
1641.0 institutions hold shares in Moody’s Corp. (MCO), with institutional investors hold 92.55% of the company’s shares. The shares outstanding are 182.47M, and float is at 181.91M with Short Float at 0.85%. Institutions hold 79.79% of the Float.
The top institutional shareholder in the company is BERKSHIRE HATHAWAY INC with over 24.67 million shares valued at $10.38 billion. The investor’s holdings represent 13.5103 of the MCO Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 14.56 million shares valued at $6.13 billion to account for 7.9753 of the shares outstanding. The other top investors are TCI FUND MANAGEMENT LTD which holds 13.25 million shares representing 7.2545 and valued at over $5.58 billion, while BLACKROCK INC. holds 7.2219 of the shares totaling 13.19 million with a market value of $5.55 billion.
Moody’s Corp. (MCO) Insider Activity
The most recent transaction is an insider sale by Tulenko Stephen T, the company’s President, Moody’s Analytics. SEC filings show that Tulenko Stephen T sold 500 shares of the company’s common stock on Aug 09 ’24 at a price of $464.06 per share for a total of $0.23 million. Following the sale, the insider now owns 6647.0 shares.
Moody’s Corp. disclosed in a document filed with the SEC on Aug 08 ’24 that Steele Richard G (SVP – General Counsel) sold a total of 1,862 shares of the company’s common stock. The trade occurred on Aug 08 ’24 and was made at $455.43 per share for $0.85 million. Following the transaction, the insider now directly holds 1040.0 shares of the MCO stock.
Still, SEC filings show that on Aug 09 ’24, Tulenko Stephen T (Officer) Proposed Sale 500 shares at an average price of $464.06 for $0.23 million. The insider now directly holds shares of Moody’s Corp. (MCO).