Lodestone Wealth Management LLC Sells 72 Shares of Oracle Co. (NYSE:ORCL)

Lodestone Wealth Management LLC cut its holdings in Oracle Co. (NYSE:ORCL) by 1.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,669 shares of the enterprise software provider’s stock after selling 72 shares during the period. Lodestone Wealth Management LLC’s holdings in Oracle were worth $796,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Fairway Wealth LLC acquired a new position in shares of Oracle in the 2nd quarter valued at approximately $27,000. POM Investment Strategies LLC acquired a new position in Oracle during the 2nd quarter worth approximately $30,000. Bbjs Financial Advisors LLC acquired a new position in shares of Oracle during the second quarter worth $35,000. Reston Wealth Management LLC acquired a new stake in shares of Oracle during the 3rd quarter valued at $44,000. Finally, Quest Partners LLC acquired a new stake in shares of Oracle during the 2nd quarter valued at $40,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Price Performance

Shares of NYSE ORCL opened at $170.02 on Friday. The firm has a market capitalization of $471.14 billion, a P/E ratio of 43.82, a P/E/G ratio of 3.09 and a beta of 1.02. The firm’s 50-day moving average price is $163.43 and its 200-day moving average price is $142.08. 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 1-year low of $99.26 and a 1-year high of $178.61.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the prior year, the company earned $0.95 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. Equities research analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.94%. Oracle’s payout ratio is 41.24%.

Analyst Ratings Changes

Several research firms have commented on ORCL. Oppenheimer reiterated a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. 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 report on Monday, September 16th. UBS Group reissued a “market outperform” rating on shares of Oracle in a report on Friday, October 18th. DA Davidson raised their price target on shares of Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Finally, Barclays lifted their price target on shares of Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Twelve research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $168.52.

Insider Buying and Selling at Oracle

In related news, EVP Maria Smith sold 6,320 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the sale, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 42.20% of the company’s stock.

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.