Vanguard Capital Wealth Advisors Sells 5,178 Shares of Oracle Co. (NYSE:ORCL)

Vanguard Capital Wealth Advisors trimmed its holdings in shares of Oracle Co. (NYSE:ORCL) by 65.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 2,733 shares of the enterprise software provider’s stock after selling 5,178 shares during the period. Vanguard Capital Wealth Advisors’ holdings in Oracle were worth $466,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Itau Unibanco Holding S.A. increased its position in shares of Oracle by 15.3% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 24,800 shares of the enterprise software provider’s stock worth $3,502,000 after purchasing an additional 3,300 shares in the last quarter. Goelzer Investment Management Inc. increased its position in Oracle by 25.0% in the 1st quarter. Goelzer Investment Management Inc. now owns 7,492 shares of the enterprise software provider’s stock valued at $941,000 after acquiring an additional 1,500 shares in the last quarter. Buckley Wealth Management LLC increased its position in Oracle by 63.8% in the 3rd quarter. Buckley Wealth Management LLC now owns 7,370 shares of the enterprise software provider’s stock valued at $1,256,000 after acquiring an additional 2,870 shares in the last quarter. GAMMA Investing LLC increased its position in Oracle by 55.7% in the 2nd quarter. GAMMA Investing LLC now owns 22,315 shares of the enterprise software provider’s stock valued at $3,151,000 after acquiring an additional 7,982 shares in the last quarter. Finally, Wesbanco Bank Inc. increased its position in Oracle by 7.5% in the 3rd quarter. Wesbanco Bank Inc. now owns 126,123 shares of the enterprise software provider’s stock valued at $21,491,000 after acquiring an additional 8,790 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ORCL shares. DA Davidson raised their price objective on shares of Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a research report on Friday, October 25th. Mizuho lifted their price target on shares of Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Sanford C. Bernstein lifted their price target on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Finally, Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. Twelve investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.52.

Insider Buying and Selling

In related news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 42.20% of the stock is owned by corporate insiders.

Oracle Stock Performance

Shares of ORCL stock opened at $173.49 on Wednesday. The company’s fifty day simple moving average is $161.53 and its 200-day simple moving average is $141.16. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The firm has a market cap of $480.74 billion, a PE ratio of 44.71, a P/E/G ratio of 3.20 and a beta of 1.01. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $178.61.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.95 earnings per share. Equities research analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend was Thursday, October 10th. Oracle’s dividend payout ratio is presently 41.24%.

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.