Western Pacific Wealth Management LP Has $70,000 Stock Holdings in Oracle Co. (NYSE:ORCL)

Western Pacific Wealth Management LP decreased its position in Oracle Co. (NYSE:ORCL) by 67.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 500 shares of the enterprise software provider’s stock after selling 1,031 shares during the period. Western Pacific Wealth Management LP’s holdings in Oracle were worth $70,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Sunbeam Capital Management LLC bought a new stake in shares of Oracle during the fourth quarter worth approximately $30,000. Hurley Capital LLC bought a new stake in shares of Oracle during the 4th quarter valued at $33,000. Synergy Investment Management LLC acquired a new stake in shares of Oracle during the 4th quarter worth $34,000. Mpwm Advisory Solutions LLC acquired a new position in Oracle in the fourth quarter valued at about $36,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in Oracle during the fourth quarter worth about $36,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ORCL shares. UBS Group increased their price objective on shares of Oracle from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday. Cantor Fitzgerald reduced their price objective on Oracle from $214.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Wall Street Zen downgraded Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Citigroup increased their price objective on Oracle from $160.00 to $186.00 and gave the company a “neutral” rating in a report on Monday, June 9th. Finally, Westpark Capital upped their target price on Oracle from $195.00 to $246.00 and gave the company a “buy” rating in a report on Thursday. Twelve investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $194.32.

Oracle Stock Up 7.8%

ORCL opened at $215.54 on Monday. The company has a 50 day moving average of $152.88 and a 200 day moving average of $160.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 12 month low of $118.86 and a 12 month high of $216.98. The company has a market cap of $602.86 billion, a PE ratio of 52.70, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.06. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $15.90 billion during the quarter, compared to analysts’ expectations of $15.58 billion. During the same period in the previous year, the business earned $1.63 earnings per share. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, sell-side analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.93%. Oracle’s dividend payout ratio (DPR) is currently 46.08%.

Insider Activity at Oracle

In other news, Director Naomi O. Seligman sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the transaction, the director now directly owns 34,630 shares of the company’s stock, valued at approximately $5,049,400.30. This trade represents a 5.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Leon E. Panetta sold 5,000 shares of the stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the sale, the director now owns 58,090 shares of the company’s stock, valued at $7,538,339.30. This represents a 7.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 427,366 shares of company stock valued at $80,183,723. Corporate 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.