Bank of Stockton Has $202,000 Stock Holdings in Morningstar, Inc. (NASDAQ:MORN)

Bank of Stockton reduced its position in Morningstar, Inc. (NASDAQ:MORN) by 11.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 674 shares of the business services provider’s stock after selling 86 shares during the period. Bank of Stockton’s holdings in Morningstar were worth $202,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of MORN. Smartleaf Asset Management LLC lifted its position in shares of Morningstar by 178.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 78 shares of the business services provider’s stock valued at $26,000 after buying an additional 50 shares during the last quarter. Bradley & Co. Private Wealth Management LLC acquired a new stake in Morningstar during the 4th quarter valued at $28,000. Blue Trust Inc. boosted its position in Morningstar by 172.3% during the first quarter. Blue Trust Inc. now owns 177 shares of the business services provider’s stock worth $53,000 after purchasing an additional 112 shares during the period. Johnson Financial Group Inc. acquired a new position in shares of Morningstar in the fourth quarter valued at $71,000. Finally, Whittier Trust Co. raised its position in shares of Morningstar by 64.2% in the fourth quarter. Whittier Trust Co. now owns 271 shares of the business services provider’s stock valued at $91,000 after purchasing an additional 106 shares during the period. Institutional investors own 57.02% of the company’s stock.

Insider Activity at Morningstar

In related news, Director Caroline J. Tsay sold 200 shares of the company’s stock in a transaction on Friday, May 16th. The stock was sold at an average price of $309.84, for a total transaction of $61,968.00. Following the completion of the sale, the director now directly owns 4,345 shares in the company, valued at $1,346,254.80. This represents a 4.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Joseph D. Mansueto sold 1,246 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $306.52, for a total transaction of $381,923.92. Following the completion of the sale, the chairman now owns 9,427,836 shares in the company, valued at $2,889,820,290.72. This represents a 0.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 53,569 shares of company stock valued at $16,333,474 over the last quarter. 36.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

MORN has been the topic of a number of research reports. BMO Capital Markets upped their price target on shares of Morningstar from $339.00 to $355.00 and gave the company an “outperform” rating in a research note on Monday, May 12th. Wall Street Zen upgraded Morningstar from a “hold” rating to a “buy” rating in a report on Friday, May 2nd.

Morningstar Stock Up 0.0%

MORN opened at $310.00 on Thursday. The stock has a fifty day moving average of $299.14 and a 200-day moving average of $309.78. The company has a market capitalization of $13.10 billion, a P/E ratio of 34.83 and a beta of 1.02. Morningstar, Inc. has a fifty-two week low of $250.34 and a fifty-two week high of $365.00. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.11 and a current ratio of 1.11.

Morningstar (NASDAQ:MORN) last issued its quarterly earnings data on Wednesday, April 30th. The business services provider reported $2.23 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.13. Morningstar had a net margin of 16.60% and a return on equity of 23.23%. The business had revenue of $581.90 million during the quarter, compared to analysts’ expectations of $589.07 million.

Morningstar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Friday, July 11th will be given a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Friday, July 11th. Morningstar’s payout ratio is currently 20.45%.

Morningstar Profile

Morningstar, Inc provides independent investment insights in the United States, Asia. Australia, Continental Europe, the United Kingdom, and internationally. The company operates in five segments: Morningstar Data and Analytics; PitchBook; Morningstar Wealth; Morningstar Credit; and Morningstar Retirement.