Canon Inc (NYSE:CAJ) Stock Position Reduced by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. trimmed its holdings in Canon Inc (NYSE:CAJ) by 53.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,634 shares of the technology company’s stock after selling 1,907 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Canon were worth $45,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Manning & Napier Group LLC grew its position in Canon by 0.8% in the fourth quarter. Manning & Napier Group LLC now owns 124,711 shares of the technology company’s stock worth $3,410,000 after acquiring an additional 960 shares in the last quarter. CWM LLC grew its position in Canon by 34.1% in the fourth quarter. CWM LLC now owns 319,582 shares of the technology company’s stock worth $8,741,000 after acquiring an additional 81,178 shares in the last quarter. First Trust Advisors LP grew its position in Canon by 12.6% in the fourth quarter. First Trust Advisors LP now owns 1,708,536 shares of the technology company’s stock worth $46,728,000 after acquiring an additional 191,139 shares in the last quarter. Biechele Royce Advisors grew its position in Canon by 2.6% in the fourth quarter. Biechele Royce Advisors now owns 221,298 shares of the technology company’s stock worth $6,052,000 after acquiring an additional 5,685 shares in the last quarter. Finally, Advisor Partners LLC grew its position in Canon by 47.7% in the fourth quarter. Advisor Partners LLC now owns 11,345 shares of the technology company’s stock worth $317,000 after acquiring an additional 3,664 shares in the last quarter. 1.17% of the stock is owned by institutional investors.

CAJ stock traded up $0.25 during trading hours on Thursday, hitting $22.10. The company’s stock had a trading volume of 441,953 shares, compared to its average volume of 799,083. The stock has a 50 day moving average price of $24.12 and a two-hundred day moving average price of $26.57. The company has a quick ratio of 1.31, a current ratio of 1.92 and a debt-to-equity ratio of 0.15. Canon Inc has a 12 month low of $19.13 and a 12 month high of $30.12. The company has a market capitalization of $23.24 billion, a PE ratio of 21.05, a price-to-earnings-growth ratio of 4.01 and a beta of 0.56.

Canon (NYSE:CAJ) last issued its quarterly earnings data on Wednesday, January 29th. The technology company reported $0.26 earnings per share for the quarter. Canon had a net margin of 3.48% and a return on equity of 4.27%. The business had revenue of $8.22 billion during the quarter, compared to analysts’ expectations of $8.93 billion. Sell-side analysts expect that Canon Inc will post 1.2 earnings per share for the current year.

Separately, TheStreet downgraded shares of Canon from a “b-” rating to a “c+” rating in a research report on Wednesday, March 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. Canon currently has a consensus rating of “Hold”.

About Canon

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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