Hemenway Trust Co LLC Sells 200 Shares of Oracle Co. (NYSE:ORCL)

Hemenway Trust Co LLC cut its position in Oracle Co. (NYSE:ORCL) by 7.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,391 shares of the enterprise software provider’s stock after selling 200 shares during the period. Hemenway Trust Co LLC’s holdings in Oracle were worth $407,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ORCL. Fairway Wealth LLC acquired a new position in Oracle during the 2nd quarter valued at about $27,000. POM Investment Strategies LLC purchased a new position in shares of Oracle during the second quarter valued at approximately $30,000. Bbjs Financial Advisors LLC bought a new stake in Oracle during the second quarter worth $35,000. Koesten Hirschmann & Crabtree INC. purchased a new stake in Oracle in the 1st quarter valued at $38,000. Finally, Quest Partners LLC bought a new position in Oracle during the 2nd quarter valued at $40,000. 42.44% of the stock is owned by institutional investors.

Oracle Price Performance

Shares of Oracle stock traded down $0.66 during trading on Tuesday, hitting $188.47. The stock had a trading volume of 339,376 shares, compared to its average volume of 8,237,748. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $191.50. The firm has a market cap of $522.26 billion, a price-to-earnings ratio of 48.74, a P/E/G ratio of 3.49 and a beta of 1.02. The business’s 50-day moving average is $168.43 and its 200 day moving average is $145.03.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. During the same period in the prior year, the company earned $0.95 EPS. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Thursday, October 10th. Oracle’s payout ratio is 41.24%.

Insider Activity

In other Oracle news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 42.20% of the company’s stock.

Analyst Upgrades and Downgrades

ORCL has been the subject of several analyst reports. Sanford C. Bernstein increased their target price on shares of Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Melius upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a research note on Monday, September 16th. Barclays boosted their target price on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. UBS Group reaffirmed a “market outperform” rating on shares of Oracle in a research report on Friday, October 18th. Finally, StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Eleven equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and an average target price of $168.52.

Oracle Profile

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.