Garrett Wealth Advisory Group LLC acquired a new position in shares of Oracle Co. (NYSE:ORCL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,724 shares of the enterprise software provider’s stock, valued at approximately $214,000.
A number of other institutional investors have also modified their holdings of the stock. Csenge Advisory Group bought a new position in Oracle during the 3rd quarter worth about $25,000. Massey Quick Simon & CO. LLC increased its holdings in Oracle by 220.9% during the 4th quarter. Massey Quick Simon & CO. LLC now owns 600 shares of the enterprise software provider’s stock worth $27,000 after purchasing an additional 413 shares in the last quarter. Riverview Trust Co bought a new position in Oracle during the 4th quarter worth about $35,000. Truehand Inc bought a new position in Oracle during the 4th quarter worth about $36,000. Finally, ERTS Wealth Advisors LLC bought a new position in Oracle during the 4th quarter worth about $36,000. 47.39% of the stock is currently owned by institutional investors and hedge funds.
Oracle stock opened at $54.52 on Monday. Oracle Co. has a 52 week low of $42.40 and a 52 week high of $54.91. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.65 and a quick ratio of 2.65. The stock has a market cap of $225.69 billion, a P/E ratio of 19.33, a price-to-earnings-growth ratio of 1.81 and a beta of 1.08.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Thursday, April 11th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $0.96 dividend on an annualized basis and a yield of 1.76%. This is a boost from Oracle’s previous quarterly dividend of $0.19. Oracle’s dividend payout ratio (DPR) is presently 34.04%.
Several equities analysts have recently weighed in on the company. Zacks Investment Research cut Oracle from a “hold” rating to a “sell” rating in a report on Wednesday, March 6th. Mitsubishi UFJ Financial Group raised their price objective on Oracle from $55.00 to $56.00 and gave the company an “overweight” rating in a report on Friday, March 15th. Morgan Stanley cut Oracle from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $57.00 to $53.00 in a report on Tuesday, January 15th. BNP Paribas assumed coverage on Oracle in a report on Friday, March 29th. They issued a “neutral” rating and a $50.00 price objective for the company. Finally, Standpoint Research cut Oracle from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. Three analysts have rated the stock with a sell rating, nineteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. Oracle presently has an average rating of “Hold” and a consensus target price of $52.53.
In other Oracle news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $54.50, for a total transaction of $204,375.00. Following the completion of the sale, the director now directly owns 27,969 shares in the company, valued at $1,524,310.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey Henley sold 400,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $54.03, for a total transaction of $21,612,000.00. Following the sale, the insider now owns 400,000 shares of the company’s stock, valued at $21,612,000. The disclosure for this sale can be found here. Insiders have sold 1,773,750 shares of company stock valued at $95,395,063 in the last quarter. 32.00% of the stock is currently owned by corporate insiders.
Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.
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