Cozad Asset Management Inc. acquired a new position in shares of Canon Inc (NYSE:CAJ) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 7,944 shares of the technology company’s stock, valued at approximately $260,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. UBS Group AG boosted its stake in shares of Canon by 1.4% during the first quarter. UBS Group AG now owns 142,500 shares of the technology company’s stock valued at $5,194,000 after purchasing an additional 1,961 shares during the period. Suntrust Banks Inc. boosted its stake in shares of Canon by 33.7% during the first quarter. Suntrust Banks Inc. now owns 10,298 shares of the technology company’s stock valued at $374,000 after purchasing an additional 2,594 shares during the period. Biechele Royce Advisors boosted its stake in shares of Canon by 2.9% during the second quarter. Biechele Royce Advisors now owns 109,326 shares of the technology company’s stock valued at $3,574,000 after purchasing an additional 3,076 shares during the period. Eagle Asset Management Inc. boosted its stake in shares of Canon by 13.4% during the first quarter. Eagle Asset Management Inc. now owns 26,698 shares of the technology company’s stock valued at $973,000 after purchasing an additional 3,154 shares during the period. Finally, Institutional & Family Asset Management LLC purchased a new stake in shares of Canon during the first quarter valued at $118,000. 1.66% of the stock is owned by institutional investors.

CAJ stock opened at $30.97 on Monday. The company has a quick ratio of 1.46, a current ratio of 2.03 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $33.28 billion, a P/E ratio of 13.31, a PEG ratio of 1.67 and a beta of 0.70. Canon Inc has a 1-year low of $30.14 and a 1-year high of $40.67.

Canon (NYSE:CAJ) last released its quarterly earnings data on Thursday, July 26th. The technology company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.04. The firm had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $9.09 billion. Canon had a return on equity of 8.96% and a net margin of 6.19%. sell-side analysts anticipate that Canon Inc will post 2.28 EPS for the current fiscal year.

The company also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, September 4th. Investors of record on Thursday, June 28th were issued a $0.574 dividend. The ex-dividend date of this dividend was Wednesday, June 27th. Canon’s payout ratio is currently 53.49%.

A number of brokerages have recently issued reports on CAJ. JPMorgan Chase & Co. lowered shares of Canon from an “overweight” rating to a “neutral” rating in a research note on Monday, June 25th. ValuEngine lowered shares of Canon from a “hold” rating to a “sell” rating in a research note on Monday, June 18th. Zacks Investment Research lowered shares of Canon from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 19th. Finally, Goldman Sachs Group lowered shares of Canon from a “neutral” rating to a “sell” rating in a research note on Monday, July 2nd.

Canon Company Profile

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 in four segments: Office Business Unit, Imaging System Business Unit, Medical System Business Unit, and Industry and Others Business Unit.

Featured Story: Asset Allocation Models, Which is Right For You?

Want to see what other hedge funds are holding CAJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Canon Inc (NYSE:CAJ).

Institutional Ownership by Quarter for Canon (NYSE:CAJ)

Receive News & Ratings for Canon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canon and related companies with MarketBeat.com's FREE daily email newsletter.