Allen Investment Management LLC Has Lowered Its Holding in Moodys Corp (MCO) by $12.97 Million as Share Price Rose

May 26, 2018 - By Peter Erickson

Moody's Corporation (NYSE:MCO) LogoInvestors sentiment increased to 1.35 in 2017 Q4. Its up 0.34, from 1.01 in 2017Q3. It improved, as 28 investors sold MCO shares while 162 reduced holdings. 84 funds opened positions while 172 raised stakes. 158.40 million shares or 0.16% more from 158.15 million shares in 2017Q3 were reported. Stevens Limited Partnership, Pennsylvania-based fund reported 9,910 shares. Pitcairn Company reported 0.02% of its portfolio in Moody's Corporation (NYSE:MCO). Mitsubishi Ufj Tru Corporation owns 0.22% invested in Moody's Corporation (NYSE:MCO) for 868,858 shares. Lord Abbett And Ltd Liability has 0.04% invested in Moody's Corporation (NYSE:MCO) for 84,139 shares. Eqis Cap, a California-based fund reported 5,978 shares. Usca Ria Limited Liability accumulated 1,724 shares or 0.03% of the stock. Lodestar Invest Counsel Ltd Llc Il owns 0.04% invested in Moody's Corporation (NYSE:MCO) for 2,550 shares. Raymond James Services holds 6,948 shares or 0.01% of its portfolio. Acadian Asset Management has invested 0% in Moody's Corporation (NYSE:MCO). 7,770 are held by Horizon Invests Limited Co. Los Angeles & Equity Research invested in 0.01% or 17,809 shares. Gulf Bankshares (Uk) owns 54,043 shares for 0.1% of their portfolio. Moreover, Hightower Advisors Ltd has 0.01% invested in Moody's Corporation (NYSE:MCO) for 4,916 shares. Pictet Asset Mngmt Ltd reported 98,057 shares. The Michigan-based Schwartz Counsel Inc has invested 3.55% in Moody's Corporation (NYSE:MCO).

Since January 31, 2018, it had 0 insider purchases, and 13 insider sales for $28.57 million activity. The insider Cantor Richard sold 4,344 shares worth $727,259. 10,000 shares were sold by MCDANIEL RAYMOND W, worth $1.73 million on Monday, May 14. 30,391 shares valued at $4.92M were sold by Huber Linda on Monday, March 5. 486 shares were sold by Crimmins Michael S, worth $81,218. The insider Worrall Blair sold $1.02M. $80,480 worth of Moody's Corporation (NYSE:MCO) shares were sold by Duffie Darrell.

Allen Investment Management Llc decreased its stake in Moodys Corp (MCO) by 12.13% based on its latest 2017Q4 regulatory filing with the SEC. Allen Investment Management Llc sold 88,258 shares as the company’s stock rose 8.54% while stock markets declined. The hedge fund held 639,411 shares of the consumer services company at the end of 2017Q4, valued at $94.38M, down from 727,669 at the end of the previous reported quarter. Allen Investment Management Llc who had been investing in Moodys Corp for a number of months, seems to be less bullish one the $33.40 billion market cap company. The stock increased 0.05% or $0.08 during the last trading session, reaching $174.03. About 531,273 shares traded. Moody's Corporation (NYSE:MCO) has risen 43.20% since May 26, 2017 and is uptrending. It has outperformed by 31.65% the S&P500.

Allen Investment Management Llc, which manages about $2.32B and $2.24 billion US Long portfolio, upped its stake in Alphabet Inc by 8,438 shares to 124,258 shares, valued at $130.02 million in 2017Q4, according to the filing. It also increased its holding in Transdigm Group Inc (NYSE:TDG) by 23,742 shares in the quarter, for a total of 427,529 shares, and has risen its stake in Sysco Corp (NYSE:SYY).

Analysts await Moody's Corporation (NYSE:MCO) to report earnings on July, 20. They expect $1.87 earnings per share, up 23.84 % or $0.36 from last year’s $1.51 per share. MCO’s profit will be $358.85M for 23.27 P/E if the $1.87 EPS becomes a reality. After $2.02 actual earnings per share reported by Moody's Corporation for the previous quarter, Wall Street now forecasts -7.43 % negative EPS growth.

More recent Moody's Corporation (NYSE:MCO) news were published by: Seekingalpha.com which released: “An EnLink Distribution Cut Is Reasonable” on May 25, 2018. Also Seekingalpha.com published the news titled: “Moody’s Corporation 2018 Q1 – Results – Earnings Call Slides” on April 30, 2018. Seekingalpha.com‘s news article titled: “Moody’s (MCO) CEO Ray McDaniel on Q1 2018 Results – Earnings Call Transcript” with publication date: April 28, 2018 was also an interesting one.

Moody's Corporation (NYSE:MCO) Ratings Coverage

Among 9 analysts covering Moody’s Corp (NYSE:MCO), 2 have Buy rating, 0 Sell and 7 Hold. Therefore 22% are positive. Moody’s Corp had 17 analyst reports since December 19, 2017 according to SRatingsIntel. Wells Fargo maintained Moody's Corporation (NYSE:MCO) rating on Monday, February 12. Wells Fargo has “Hold” rating and $160.0 target. The rating was maintained by Barclays Capital with “Overweight” on Monday, February 12. The firm has “Hold” rating by Stifel Nicolaus given on Friday, February 9. The rating was maintained by Nomura with “Buy” on Wednesday, April 25. Morgan Stanley maintained it with “Equal-Weight” rating and $172 target in Thursday, April 12 report. The stock of Moody's Corporation (NYSE:MCO) earned “Buy” rating by Nomura on Thursday, January 11. Piper Jaffray maintained Moody's Corporation (NYSE:MCO) on Tuesday, January 23 with “Hold” rating. The stock has “Hold” rating by BMO Capital Markets on Wednesday, April 18. On Tuesday, December 19 the stock rating was initiated by Stifel Nicolaus with “Hold”. Credit Suisse maintained the shares of MCO in report on Monday, February 12 with “Neutral” rating.

Moody's Corporation (NYSE:MCO) Institutional Positions Chart

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