Revenue Approximations Analysis: PulteGroup, Inc. (PHM), Symantec Corporation (SYMC)

The institutional investor acquired 6,865,000 shares of the technology company's stock, valued at approximately $225,241,000. Suntrust Banks Inc reported 0.01% stake. Capital Research Global Investors now owns 14,305,855 shares of the technology company's stock worth $404,140,000 after buying an additional 13,546,895 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Symantec by 1.4% during the 2nd quarter. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. Bessemer Group Inc. increased its position in Symantec by 1.2% during the 2nd quarter. The company has Beta Value of 1.13 and ATR value of 0.74. Northwestern Mutual Wealth Management Co. increased its position in Symantec by 7.9% in the 2nd quarter. Westpac Bk Corp owns 41,763 shares or 0% of their U.S. portfolio. 82,600 were reported by Canada Pension Plan Invest Board.

While under theory that management are shareholders, many value investors look for stocks with a high percent of insider ownership, because they will act in its own self interest, as well create shareholder value in the long-term. Managed Asset Portfolios Llc who had been investing in Symantec Corp for a number of months, seems to be less bullish one the $17.35 billion market cap company. The company rocked its 52-Week High of $34.2 and touched its 52-Week Low of $23.77.

Symantec Corporation current short-term liquidity position is strong, and it is not hard to see with Quick R at 1.1 Symantec Corporation liquidity position is stable. The stock of Symantec Corporation (NASDAQ:SYMC) earned "Hold" rating by RBC Capital Markets on Sunday, September 10. The technology company reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.26 by $0.14. The company had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.27 billion. Symantec Corporation had a positive return on equity of 11.06% and a negative net margin of 2.64%. This works out to an increase of 59.09% compared to last year's earnings. Meag Munich Ergo Kapitalanlagegesellschaft Mbh holds 0.02% of its portfolio in Symantec Corporation (NASDAQ:SYMC) for 18,795 shares.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th.

Investors sentiment increased to 0.95 in Q2 2017. This represents a $0.30 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Friday, November 17th. Symantec's payout ratio is -75.00%.

Several analysts recently issued reports on SYMC shares. CIBC reissued an "outperform" rating and set a $33.00 price objective (down from $35.00) on shares of Symantec in a research report on Thursday, November 2nd.

Among 12 analysts covering Trinity Industries (NYSE:TRN), 7 have Buy rating, 3 Sell and 2 Hold. BTIG Research initiated the shares of SYMC in report on Thursday, September 10 with "Neutral" rating. The Vermont-based Tru Communications Of Vermont has invested 0.01% in Symantec Corporation (NASDAQ:SYMC). The stock has "Hold" rating by KeyBanc Capital Markets on Tuesday, October 24. Stifel Nicolaus has "Hold" rating and $2700 target. Also, Director Suzanne M. Vautrinot sold 2,500 shares of the stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $33.51, for a total transaction of $67,020.00. The overall volume in the last trading session was 3.87 million shares. Also, EVP Francis C. Rosch sold 57,103 shares of the company's stock in a transaction dated Wednesday, December 6th. The share price was last seen 1.01% higher, reaching at $23 on August 12, 2017. The disclosure for this sale can be found here. Assessment of the Symantec Corporation with respect to its balance sheet strength is positive with PB at 4.87 however there is scope for a positive analyst outlook.

TRADEMARK VIOLATION NOTICE: This piece was reported by Week Herald and is the property of of Week Herald. Symantec Corporation (NASDAQ:SYMC) has risen 71.82% since December 10, 2016 and is uptrending.

Symantec Corporation is a United States-based cyber security company. Under threat protection, it offers Advanced Threat Protection, Endpoint Protection, Endpoint Protection Cloud, IT Management Suite, Email Security.Cloud, Data Center Security and Cloud Workload Protection products. See Crown Holdings, Inc.

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