Canon Inc (CAJ) Shares Bought by Regentatlantic Capital LLC

Regentatlantic Capital LLC increased its holdings in Canon Inc (NYSE:CAJ) by 28.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 179,277 shares of the technology company’s stock after acquiring an additional 39,180 shares during the period. Regentatlantic Capital LLC’s holdings in Canon were worth $5,674,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in CAJ. Vigilant Capital Management LLC purchased a new stake in Canon in the 2nd quarter worth about $112,000. CWM LLC lifted its stake in Canon by 4,305.5% in the 3rd quarter. CWM LLC now owns 8,018 shares of the technology company’s stock worth $254,000 after acquiring an additional 7,836 shares in the last quarter. Cozad Asset Management Inc. purchased a new stake in shares of Canon during the 2nd quarter worth about $260,000. Lourd Capital LLC purchased a new stake in shares of Canon during the 3rd quarter worth about $270,000. Finally, Suntrust Banks Inc. raised its stake in shares of Canon by 33.7% during the 1st quarter. Suntrust Banks Inc. now owns 10,298 shares of the technology company’s stock worth $374,000 after purchasing an additional 2,594 shares in the last quarter. 1.64% of the stock is owned by hedge funds and other institutional investors.

CAJ opened at $28.33 on Wednesday. Canon Inc has a fifty-two week low of $27.73 and a fifty-two week high of $40.67. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.04 and a quick ratio of 1.40. The stock has a market cap of $31.03 billion, a PE ratio of 13.17, a PEG ratio of 1.62 and a beta of 0.68.

Canon (NYSE:CAJ) last posted its quarterly earnings results on Thursday, October 25th. The technology company reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.07). Canon had a return on equity of 8.36% and a net margin of 5.88%. The firm had revenue of $8.13 billion for the quarter, compared to analysts’ expectations of $9.01 billion. On average, research analysts forecast that Canon Inc will post 2.16 EPS for the current fiscal year.

CAJ has been the subject of a number of recent research reports. Zacks Investment Research raised Canon from a “sell” rating to a “hold” rating in a research note on Tuesday, August 21st. JPMorgan Chase & Co. downgraded Canon from a “neutral” rating to an “underweight” rating in a research note on Thursday, September 13th.

About Canon

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 in 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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