Crossmark Global Holdings Inc. Reduces Position in Canon Inc (NYSE:CAJ)

Crossmark Global Holdings Inc. cut its stake in shares of Canon Inc (NYSE:CAJ) by 12.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,737 shares of the technology company’s stock after selling 12,710 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Canon were worth $2,476,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. LSV Asset Management boosted its holdings in Canon by 24.2% in the second quarter. LSV Asset Management now owns 1,032,700 shares of the technology company’s stock valued at $30,227,000 after purchasing an additional 201,400 shares during the last quarter. First Trust Advisors LP boosted its holdings in Canon by 15.2% in the first quarter. First Trust Advisors LP now owns 1,022,674 shares of the technology company’s stock valued at $29,698,000 after purchasing an additional 134,925 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Canon by 5.8% in the second quarter. Renaissance Technologies LLC now owns 2,328,600 shares of the technology company’s stock valued at $68,158,000 after purchasing an additional 126,705 shares during the last quarter. Parametric Portfolio Associates LLC boosted its holdings in Canon by 7.0% in the second quarter. Parametric Portfolio Associates LLC now owns 1,564,825 shares of the technology company’s stock valued at $45,802,000 after purchasing an additional 103,041 shares during the last quarter. Finally, CWM LLC boosted its holdings in Canon by 67.1% in the second quarter. CWM LLC now owns 172,122 shares of the technology company’s stock valued at $5,038,000 after purchasing an additional 69,107 shares during the last quarter. 1.22% of the stock is currently owned by hedge funds and other institutional investors.

CAJ has been the topic of several recent research reports. Zacks Investment Research lowered shares of Canon from a “hold” rating to a “sell” rating in a report on Tuesday. Goldman Sachs Group lowered shares of Canon from a “neutral” rating to a “sell” rating in a report on Friday, September 20th.

NYSE:CAJ opened at $26.76 on Friday. Canon Inc has a one year low of $25.49 and a one year high of $31.88. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.26 and a current ratio of 1.90. The firm has a market cap of $28.02 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 4.26 and a beta of 0.55. The firm’s fifty day moving average is $26.47 and its two-hundred day moving average is $27.91.

Canon (NYSE:CAJ) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.10). The firm had revenue of $8.39 billion during the quarter, compared to analyst estimates of $8.44 billion. Canon had a return on equity of 6.07% and a net margin of 4.88%. As a group, equities research analysts predict that Canon Inc will post 1.38 earnings per share for the current fiscal year.

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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