Canon Inc (NYSE:CAJ) Position Trimmed by Two Sigma Advisers LP

Two Sigma Advisers LP reduced its stake in Canon Inc (NYSE:CAJ) by 32.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 159,500 shares of the technology company’s stock after selling 75,600 shares during the quarter. Two Sigma Advisers LP’s holdings in Canon were worth $4,402,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Cornerstone Advisors Inc. lifted its position in shares of Canon by 54.0% during the 4th quarter. Cornerstone Advisors Inc. now owns 1,070 shares of the technology company’s stock valued at $30,000 after buying an additional 375 shares in the last quarter. NumerixS Investment Technologies Inc lifted its holdings in Canon by 2,000.0% in the 4th quarter. NumerixS Investment Technologies Inc now owns 2,100 shares of the technology company’s stock valued at $57,000 after purchasing an additional 2,000 shares in the last quarter. Lindbrook Capital LLC purchased a new position in shares of Canon during the 4th quarter worth $59,000. Moody National Bank Trust Division raised its holdings in shares of Canon by 10.4% during the 4th quarter. Moody National Bank Trust Division now owns 3,865 shares of the technology company’s stock worth $106,000 after acquiring an additional 365 shares during the period. Finally, Bessemer Group Inc. raised its holdings in shares of Canon by 13.4% during the 4th quarter. Bessemer Group Inc. now owns 4,130 shares of the technology company’s stock worth $114,000 after acquiring an additional 487 shares during the period. 1.17% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently commented on CAJ shares. Goldman Sachs Group upgraded Canon from a “sell” rating to a “neutral” rating in a report on Thursday, February 21st. Zacks Investment Research upgraded Canon from a “sell” rating to a “hold” rating in a report on Tuesday, December 25th. ValuEngine downgraded Canon from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Finally, Morgan Stanley raised Canon from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, April 16th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold”.

NYSE CAJ traded down $0.68 during trading on Wednesday, hitting $27.79. The stock had a trading volume of 701,100 shares, compared to its average volume of 307,292. The company has a market cap of $31.03 billion, a P/E ratio of 13.05, a P/E/G ratio of 3.32 and a beta of 0.60. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.99 and a quick ratio of 1.40. Canon Inc has a twelve month low of $26.36 and a twelve month high of $35.02.

Canon (NYSE:CAJ) last released its earnings results on Wednesday, January 30th. The technology company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.08. The company had revenue of $9.39 billion during the quarter, compared to the consensus estimate of $10.03 billion. Canon had a return on equity of 8.22% and a net margin of 6.40%. On average, analysts anticipate that Canon Inc will post 1.92 EPS for the current fiscal year.

The business also recently disclosed a Semi-Annual dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, December 28th were given a dividend of $0.575 per share. The ex-dividend date of this dividend was Thursday, December 27th. This is an increase from Canon’s previous Semi-Annual dividend of $0.57. Canon’s payout ratio is currently 53.99%.

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Canon Company Profile

Canon Inc manufactures and sells office multifunction devices (MFDs), plain paper copying machines, laser and inkjet printers, cameras, diagnostic equipment, and lithography equipment. The company operates through four segments: Office Business Unit, Imaging System Business Unit, Medical System Business Unit, and Industry and Others Business Unit.

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Institutional Ownership by Quarter for Canon (NYSE:CAJ)

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