Fulton Bank N.A. Has $219,000 Stock Holdings in Canon Inc. (NYSE:CAJ)

Fulton Bank N.A. cut its position in Canon Inc. (NYSE:CAJGet Rating) by 38.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,665 shares of the technology company’s stock after selling 6,150 shares during the period. Fulton Bank N.A.’s holdings in Canon were worth $219,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. First Trust Advisors LP grew its stake in shares of Canon by 3.1% in the 1st quarter. First Trust Advisors LP now owns 2,532,506 shares of the technology company’s stock valued at $61,565,000 after buying an additional 75,068 shares during the period. Renaissance Technologies LLC boosted its stake in Canon by 0.9% during the 1st quarter. Renaissance Technologies LLC now owns 1,333,207 shares of the technology company’s stock valued at $32,410,000 after purchasing an additional 11,700 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Canon by 21.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,143,193 shares of the technology company’s stock valued at $27,929,000 after purchasing an additional 203,653 shares during the last quarter. BlackRock Inc. boosted its stake in Canon by 6.7% during the 1st quarter. BlackRock Inc. now owns 888,209 shares of the technology company’s stock valued at $21,592,000 after purchasing an additional 55,482 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Canon by 6.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 737,279 shares of the technology company’s stock valued at $17,923,000 after purchasing an additional 42,884 shares during the last quarter. 1.74% of the stock is currently owned by institutional investors and hedge funds.

Canon Price Performance

Canon stock opened at $23.03 on Monday. Canon Inc. has a 52 week low of $21.00 and a 52 week high of $25.79. The company’s 50 day moving average price is $23.88 and its two-hundred day moving average price is $23.93. The company has a quick ratio of 1.17, a current ratio of 1.84 and a debt-to-equity ratio of 0.05. The stock has a market cap of $24.08 billion, a P/E ratio of 13.71, a P/E/G ratio of 11.48 and a beta of 0.40.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Canon from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 11th.

Canon Company 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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Institutional Ownership by Quarter for Canon (NYSE:CAJ)

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