12,457 Shares in Canon, Inc. (CAJ) Purchased by Americafirst Capital Management LLC
Americafirst Capital Management LLC purchased a new position in shares of Canon, Inc. (NYSE:CAJ) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,457 shares of the technology company’s stock, valued at approximately $428,000.
Other large investors have also recently added to or reduced their stakes in the company. NorthCoast Asset Management LLC increased its position in shares of Canon by 56.3% during the third quarter. NorthCoast Asset Management LLC now owns 97,728 shares of the technology company’s stock worth $3,354,000 after acquiring an additional 35,220 shares during the period. Regentatlantic Capital LLC increased its position in shares of Canon by 40.1% during the third quarter. Regentatlantic Capital LLC now owns 51,379 shares of the technology company’s stock worth $1,763,000 after acquiring an additional 14,707 shares during the period. First Trust Advisors LP increased its position in shares of Canon by 0.5% during the third quarter. First Trust Advisors LP now owns 590,771 shares of the technology company’s stock worth $20,275,000 after acquiring an additional 3,199 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Canon by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 181,850 shares of the technology company’s stock worth $5,686,000 after acquiring an additional 942 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Canon during the second quarter worth $614,000. Institutional investors own 1.28% of the company’s stock.
Shares of Canon, Inc. (CAJ) opened at $38.67 on Thursday. Canon, Inc. has a 12-month low of $27.76 and a 12-month high of $39.15. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.44 and a current ratio of 2.03. The firm has a market capitalization of $42,208.43, a price-to-earnings ratio of 21.47, a PEG ratio of 3.33 and a beta of 0.47.
CAJ has been the topic of a number of recent research reports. Zacks Investment Research raised Canon from a “hold” rating to a “strong-buy” rating and set a $40.00 price objective on the stock in a research report on Monday, October 9th. BidaskClub lowered Canon from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd.
Canon Inc (Canon) is a manufacturer of office multifunction devices (MFDs), plain paper copying machines, laser printers, inkjet printers, cameras and lithography equipment. Canon sells its products principally under the Canon brand name and through sales subsidiaries. Each of these subsidiaries is responsible for marketing and distribution to retail dealers in an assigned territory.
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