Symantec Corporation (NASDAQ:SYMC) & Tesoro Corporation (NYSE:TSO) Traders Alert
- Author: Zachary Reyes Mar 08, 2017,
Mar 08, 2017, 9:18
The shares opened for trading at $29.11 and hit $29.3 on the upside, eventually ending the session at $29.22, with a gain of 0.07% or 0.02 points. $26.48 million flowed into the stock on the tick-up and $46.98 million flowed out of the stock on the tick-down, for a money net flow of $20.50 million out of the stock. Current price level places the company's stock about -2.31% from the 52-week high and 42.22% away from the 52-week low. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several hedge funds have recently made changes to their positions in SYMC. The shares were sold at an average price of $28.80, for a total value of $420,048.00. Following the completion of the transaction, the insider is left with a stake of 277,786 shares, amounting $8086350.46. Over the past five trading sessions it is 1.53%; 5.17% for the month; 22.88% for the last quarter; 21.28% for the past six-months; and 77.57% for the last 12 months. (NASDAQ:SYMC) during the fourth quarter, according to its most recent disclosure with the SEC. Barclays PLC began coverage on shares of Symantec in a report on Friday, February 10th. They set an "equal weight" rating and a $30.00 target price on the stock.
23 analysts projected Price Targets for Symantec Corporation. Franklin Resources Inc. raised its stake in shares of Symantec Corporation by 16.5% in the second quarter. The rating firm issued a Buy rating to this company in a research note released on Sep 15, 2016. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the company. The 52-week low of the share price is at $16.25. The stock price target chart showed average price target of 3.56 as compared to current price of 3.36.
Symantec Corporation (NASDAQ:SYMC) will report its next earnings on May 10 - May 15 (Est.). The company reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.28 by $0.04. Return on Equity (ROE) stands at 54.6% and Return on Investment (ROI) of -12.9 percent. The firm earned $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. The business's revenue for the quarter was up 8.1% on a year-over-year basis.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. The ex-dividend date of this dividend is Thursday, February 16th. The company has Beta Value of 1.2 and ATR value of 0.5. Symantec's dividend payout ratio (DPR) is now 9.35%. Following the transaction, the EVP, Norton Business Unit is left with a stake of 203,631 shares, now valued at $5927698. Shareholders of record on Monday, February 20th will be issued a dividend of $0.075 per share. The 52-week high of the share price is $29.47 and the company has a market cap of $18,082 M. The 52-week low of the share price is at $16.14. The firm bought 5,620,953 shares of the company's stock, valued at approximately $134,284,000. The heightened volatility saw the trading volume jump to 63,71,223 shares. Macquarie Group Ltd. now owns 336,900 shares of the company's stock worth $6,920,000 after buying an additional 1,050 shares during the period. Essex Investment Management Co. Looking over the last month situation it was ranked as "Buy" by 5 analysts.
The Company now has Insider ownership of 0.7 Percent and Institutional Ownership of 97.4 Percent. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States & worldwide trademark & copyright legislation.