Walter & Keenan Wealth Management LLC IN ADV Sells 291 Shares of Oracle Co. (NYSE:ORCL)

Walter & Keenan Wealth Management LLC IN ADV cut its holdings in Oracle Co. (NYSE:ORCL) by 1.9% during the 4th quarter, Holdings Channel reports. The fund owned 14,849 shares of the enterprise software provider’s stock after selling 291 shares during the period. Walter & Keenan Wealth Management LLC IN ADV’s holdings in Oracle were worth $2,474,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ORCL. Principal Financial Group Inc. increased its stake in shares of Oracle by 5.3% during the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after buying an additional 121,874 shares during the period. RMR Wealth Builders increased its holdings in Oracle by 383.4% in the fourth quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock valued at $1,192,000 after buying an additional 5,675 shares in the last quarter. Foundations Investment Advisors LLC raised its position in Oracle by 24.8% during the fourth quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock worth $27,428,000 after acquiring an additional 32,718 shares during the period. Crews Bank & Trust purchased a new position in shares of Oracle in the fourth quarter valued at approximately $1,800,000. Finally, Chase Investment Counsel Corp purchased a new stake in shares of Oracle during the third quarter worth $4,160,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ORCL has been the topic of several analyst reports. Stifel Nicolaus lifted their price target on Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Cantor Fitzgerald initiated coverage on Oracle in a research note on Friday, January 17th. They set an “overweight” rating and a $214.00 price target on the stock. Monness Crespi & Hardt lowered Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target for the company. in a research report on Friday, December 20th. Evercore ISI boosted their price objective on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Finally, BMO Capital Markets raised their target price on Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $182.73.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 345,174 shares of Oracle stock in a transaction on Friday, January 24th. The shares were sold at an average price of $185.56, for a total value of $64,050,487.44. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. The trade was a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 42.20% of the stock is owned by company insiders.

Oracle Stock Up 1.3 %

Shares of NYSE:ORCL opened at $174.53 on Monday. The firm has a 50 day simple moving average of $170.42 and a 200-day simple moving average of $164.50. Oracle Co. has a twelve month low of $106.51 and a twelve month high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a market capitalization of $488.15 billion, a PE ratio of 42.67, a P/E/G ratio of 3.39 and a beta of 1.05.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The company had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm earned $1.34 earnings per share. On average, equities analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.92%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is 39.12%.

Oracle Company 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.