Vanguard Group Inc. now owns 91,855,728 shares of the company’s stock valued at $871,711,000 after buying an additional 4,290,807 shares during the period. They now have a $9.96 price objective on the stock. (XRX) in a research report issued to clients and investors. Piper Jaffray Cos. reissued an overweight rating on shares of Xerox Corp.in a report on Saturday, July 2nd.
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Analysts at SunTrust Banks Inc. initiated coverage on Xerox Corp. Finally, Zacks Investment Research downgraded shares of Xerox Corp. from a “hold” rating to a “sell” rating in a research note on Monday, June 27th.
According to FT, The 14 analysts offering 12 month price targets for Corning Incorporated have a median target of 22.25, with a high estimate of 27.00 and a low estimate of 14.50. Finally, BMO Capital Markets upped their price target on shares of Xerox Corp. from $10.00 to $10.50 and gave the company a market perform rating in a research note on Monday, August 1st. They set a “buy” rating and a $13.00 price objective on the stock. Xerox Corp. now has an average rating of Hold and a consensus price target of $11.05.
With that in mind Xerox Corp. (NYSE:XRX) traded up 0.92% on Thursday, reaching $9.82.
US based company, Xerox Corporation’s (XRX)’s latest closing price distance was at -0.87% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at -0.44% and -0.38% compared with the 20 Day Moving Average. Starbucks Corporation P/E (price to earnings) ratio is 30.15 and Forward P/E ratio of 24.88. The return on equity ratio or ROE stands at 13% while most common profitability ratio return on investment (ROI) was 5.6%. The reported earnings topped the analyst’s consensus by $0.05 with the surprise factor of 20.00%. Xerox Corp. The company earned $4.40 billion during the quarter, compared to analysts’ expectations of $4.39 billion.
Ensco plc (NYSE:ESV) announced that its Board of Directors has declared a regular quarterly cash dividend of US$0.01 per Class A ordinary share payable on 16 September 2016. The company had Year Ago Sales of 4.91 Billion. On average, equities analysts anticipate that Xerox Corp. will post $1.13 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 31st. This represents a $0.31 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date is Wednesday, September 28th. Xerox Corp.’s dividend payout ratio is presently 75.61%. The company will report its next earnings on 3-Nov-16. As a means of comparison, a number of other analysts have commented on the shares recently, and the company has secured a consensus one-year price target of $11.32, $9.79. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
In other news, EVP James A. Firestone sold 50,000 shares of the firm’s stock in a transaction on Friday, July 1st. The stock was sold at an average price of $9.89, for a total transaction of $128,570.00. Vanguard Group Inc. boosted its position in Xerox Corp.by 4.9% in the second quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Xerox Corp.by 0.6% in the second quarter. 3,391,634 shares of the company’s stock traded hands. The stock decreased in value by nearly -1.52% over the past week and fell -1.12% in the past month. Eaton Vance Management now owns 11,873 shares of the company’s stock worth $113,000 after buying an additional 88 shares during the last quarter.
Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.
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Xerox Corporation provides business process and document management solutions worldwide. The positive trend in dividend payments is noteworthy since very few companies in the Computer Services industry pay a dividend.
