Veriti Management LLC raised its stake in Canon Inc. (NYSE:CAJ – Get Rating) by 5.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,617 shares of the technology company's stock after acquiring an additional 2,117 shares during the quarter. Veriti Management LLC's holdings in Canon were worth $968,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the stock. Rosenberg Matthew Hamilton acquired a new position in Canon in the 1st quarter valued at $37,000. Captrust Financial Advisors increased its position in Canon by 59.7% during the first quarter. Captrust Financial Advisors now owns 1,530 shares of the technology company's stock worth $37,000 after acquiring an additional 572 shares during the period. Addison Advisors LLC bought a new stake in Canon in the 1st quarter valued at about $65,000. Ellevest Inc. increased its holdings in shares of Canon by 63.8% during the first quarter. Ellevest Inc. now owns 4,001 shares of the technology company's stock worth $97,000 after purchasing an additional 1,559 shares during the period. Finally, Royal Bank of Canada raised its position in shares of Canon by 156.7% in the first quarter. Royal Bank of Canada now owns 4,659 shares of the technology company's stock valued at $113,000 after buying an additional 2,844 shares in the last quarter. 1.74% of the stock is currently owned by institutional investors and hedge funds.
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Separately, StockNews.com lowered Canon from a "strong-buy" rating to a "buy" rating in a research note on Thursday, August 11th.
Canon Stock Performance
Shares of NYSE:CAJ opened at $22.05 on Tuesday. The company's 50 day simple moving average is $23.88 and its 200 day simple moving average is $23.93. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.84 and a quick ratio of 1.17. Canon Inc. has a 1 year low of $21.00 and a 1 year high of $25.79. The stock has a market capitalization of $23.06 billion, a price-to-earnings ratio of 13.13, a price-to-earnings-growth ratio of 11.14 and a beta of 0.40.Canon Profile
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Canon Inc, together with its subsidiaries, 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: Printing Business Unit, Imaging Business Unit, Medical Business Unit, and Industrial and Others Business Unit.
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