Bell & Brown Wealth Advisors LLC Has $4.32 Million Holdings in Oracle Corporation (NYSE:ORCL)

Key Points

• Bell & Brown Wealth Advisors LLC increased its stake in Oracle Corporation by 4.1%, acquiring an additional 1,217 shares, bringing its total holdings to 30,904 shares valued at $4.32 million.
• Oracle reported a quarterly earnings per share (EPS) of $1.70, surpassing estimates and showing an 11.3% revenue growth compared to the same quarter last year.
• Oracle recently announced a quarterly dividend of $0.50 per share, equating to an annual dividend yield of 0.82% and a payout ratio of 46.08%.

Bell & Brown Wealth Advisors LLC boosted its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 4.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,904 shares of the enterprise software provider's stock after acquiring an additional 1,217 shares during the period. Oracle makes up approximately 1.7% of Bell & Brown Wealth Advisors LLC's holdings, making the stock its 26th largest holding. Bell & Brown Wealth Advisors LLC's holdings in Oracle were worth $4,321,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Greenwood Gearhart Inc. boosted its holdings in shares of Oracle by 1.2% in the 4th quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock worth $955,000 after acquiring an additional 66 shares in the last quarter. Stage Harbor Financial LLC boosted its holdings in shares of Oracle by 5.0% in the 4th quarter. Stage Harbor Financial LLC now owns 1,433 shares of the enterprise software provider's stock worth $239,000 after acquiring an additional 68 shares in the last quarter. Hurlow Wealth Management Group Inc. boosted its holdings in shares of Oracle by 1.7% in the 4th quarter. Hurlow Wealth Management Group Inc. now owns 4,149 shares of the enterprise software provider's stock worth $691,000 after acquiring an additional 70 shares in the last quarter. Flynn Zito Capital Management LLC boosted its holdings in shares of Oracle by 1.7% in the 1st quarter. Flynn Zito Capital Management LLC now owns 4,333 shares of the enterprise software provider's stock worth $606,000 after acquiring an additional 71 shares in the last quarter. Finally, Private Wealth Management Group LLC raised its position in Oracle by 14.9% in the 1st quarter. Private Wealth Management Group LLC now owns 556 shares of the enterprise software provider's stock worth $78,000 after purchasing an additional 72 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Evercore ISI boosted their price objective on shares of Oracle from $215.00 to $270.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. Morgan Stanley restated an "overweight" rating on shares of Oracle in a research report on Wednesday, June 18th. JMP Securities boosted their price objective on shares of Oracle from $240.00 to $315.00 and gave the stock a "market outperform" rating in a research report on Friday, July 18th. CIBC reissued a "buy" rating on shares of Oracle in a research note on Monday, June 9th. Finally, The Goldman Sachs Group reissued a "neutral" rating and issued a $195.00 price target (up previously from $145.00) on shares of Oracle in a research note on Friday, June 13th. Nine analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Oracle presently has an average rating of "Moderate Buy" and an average price target of $218.29.

Oracle Stock Up 0.9%

ORCL stock traded up $2.22 during trading hours on Friday, reaching $245.05. 7,146,126 shares of the stock were exchanged, compared to its average volume of 13,472,494. The firm's 50-day moving average is $204.42 and its 200-day moving average is $171.59. The company has a market cap of $688.31 billion, a price-to-earnings ratio of 56.46, a PEG ratio of 3.62 and a beta of 1.39. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $251.60.

Oracle (NYSE:ORCL - Get Free Report) last released its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. The business had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. Oracle's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.63 earnings per share. On average, equities research analysts expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date was Thursday, July 10th. Oracle's dividend payout ratio is currently 46.08%.

Insiders Place Their Bets

In related news, Director Rona Alison Fairhead bought 480 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were acquired at an average price of $233.87 per share, with a total value of $112,257.60. Following the completion of the transaction, the director owned 22,110 shares in the company, valued at $5,170,865.70. The trade was a 2.22% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Clayton M. Magouyrk sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the transaction, the insider directly owned 60,722 shares in the company, valued at approximately $13,000,580.20. This trade represents a 19.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 448,669 shares of company stock valued at $85,555,309 in the last quarter. 42.20% of the stock is currently owned by corporate insiders.

About Oracle

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.