Signaturefd LLC increased its stake in shares of Canon Inc. (NYSE:CAJ) by 10.7% during the second quarter, Holdings Channel reports. The institutional investor owned 4,394 shares of the company’s stock after buying an additional 426 shares during the period. Signaturefd LLC’s holdings in Canon were worth $126,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Private Bank & Trust Co. bought a new stake in shares of Canon during the second quarter valued at $214,000. Dynamic Advisors Solutions LLC boosted its stake in shares of Canon by 6.9% in the second quarter. Dynamic Advisors Solutions LLC now owns 8,243 shares of the company’s stock valued at $236,000 after buying an additional 530 shares in the last quarter. Commonwealth Equity Services Inc bought a new stake in shares of Canon during the first quarter valued at $251,000. Checchi Capital Advisers LLC boosted its stake in shares of Canon by 2.0% in the second quarter. Checchi Capital Advisers LLC now owns 10,058 shares of the company’s stock valued at $288,000 after buying an additional 198 shares in the last quarter. Finally, HBK Investments L P bought a new stake in shares of Canon during the first quarter valued at $349,000. Hedge funds and other institutional investors own 1.57% of the company’s stock.
Canon Inc. (NYSE:CAJ) traded up 0.49% on Monday, hitting $28.95. 262,755 shares of the company traded hands. The firm’s 50 day moving average price is $28.85 and its 200 day moving average price is $28.73. The firm has a market capitalization of $31.62 billion, a PE ratio of 16.45 and a beta of 0.51. Canon Inc. has a 1-year low of $26.60 and a 1-year high of $31.96.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Canon from a “hold” rating to a “strong-buy” rating and set a $33.00 price target on the stock in a research report on Wednesday, October 5th. Credit Agricole SA cut Canon from a “buy” rating to an “underperform” rating in a research report on Friday, July 15th. Finally, TheStreet upgraded shares of Canon from a “hold” rating to a “buy” rating in a research report on Tuesday, August 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $33.00.
Canon Company Profile
Canon Inc (Canon) is a manufacturer of office multifunction devices (MFDs), plain paper copying machines, laser printers, inkjet printers, cameras and lithography equipment. The Company operates in three segments: the Office Business Unit, the Imaging System Business Unit, and the Industry and Others Business Unit.
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