Mine & Arao Wealth Creation & Management LLC. Sells 287 Shares of Oracle Co. (NYSE:ORCL)

Mine & Arao Wealth Creation & Management LLC. lessened its position in shares of Oracle Co. (NYSE:ORCL) by 5.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,501 shares of the enterprise software provider’s stock after selling 287 shares during the period. Mine & Arao Wealth Creation & Management LLC.’s holdings in Oracle were worth $777,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Werlinich Asset Management LLC grew its holdings in shares of Oracle by 3.1% during the 2nd quarter. Werlinich Asset Management LLC now owns 2,325 shares of the enterprise software provider’s stock valued at $326,000 after purchasing an additional 70 shares during the last quarter. RFP Financial Group LLC grew its holdings in shares of Oracle by 2.7% during the 2nd quarter. RFP Financial Group LLC now owns 2,869 shares of the enterprise software provider’s stock valued at $405,000 after purchasing an additional 75 shares during the last quarter. ERn Financial LLC grew its holdings in shares of Oracle by 0.6% during the 2nd quarter. ERn Financial LLC now owns 12,911 shares of the enterprise software provider’s stock valued at $1,823,000 after purchasing an additional 80 shares during the last quarter. Key Financial Inc grew its holdings in shares of Oracle by 1.2% during the 2nd quarter. Key Financial Inc now owns 6,600 shares of the enterprise software provider’s stock valued at $932,000 after purchasing an additional 80 shares during the last quarter. Finally, Abich Financial Wealth Management LLC grew its holdings in shares of Oracle by 18.0% during the 1st quarter. Abich Financial Wealth Management LLC now owns 530 shares of the enterprise software provider’s stock valued at $67,000 after purchasing an additional 81 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Down 0.6 %

Shares of Oracle stock traded down $0.80 during trading on Friday, hitting $141.81. The company’s stock had a trading volume of 11,154,796 shares, compared to its average volume of 8,056,655. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.72 and a current ratio of 0.71. The company has a fifty day simple moving average of $138.72 and a two-hundred day simple moving average of $128.33. The company has a market capitalization of $390.81 billion, a PE ratio of 38.22, a P/E/G ratio of 2.55 and a beta of 1.01. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $146.59.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). The firm had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.35 earnings per share. Equities research analysts predict that Oracle Co. will post 5.02 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. Oracle’s dividend payout ratio is currently 43.13%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ORCL shares. Sanford C. Bernstein increased their price target on shares of Oracle from $159.00 to $171.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. TD Cowen increased their price target on shares of Oracle from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. Stifel Nicolaus increased their price target on shares of Oracle from $120.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, June 12th. KeyCorp increased their price target on shares of Oracle from $150.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, June 12th. Finally, BMO Capital Markets increased their price target on shares of Oracle from $142.00 to $160.00 and gave the company a “market perform” rating in a research report on Monday, June 17th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $145.83.

Insider Buying and Selling at Oracle

In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the completion of the sale, the chairman now directly owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Edward Screven sold 235,918 shares of Oracle stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total value of $34,042,967.40. Following the completion of the sale, the insider now directly owns 2,626,764 shares in the company, valued at $379,042,045.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of Oracle stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the completion of the sale, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at $164,630,281,802.57. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,862,500 shares of company stock worth $266,776,624. 42.80% of the stock is owned by corporate insiders.

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.