DODGE & COX

revealed that they own a 1.2% stake in Symantec Co. (NASDAQ:SYMC) in a Schedule 13G/A disclosure that was filed with the SEC on Monday, March 20th. The investor owns 7,541,014 shares of the stock worth about $231,509,130. The filing is available through EDGAR at this hyperlink.

DODGE & COX

provided the following explanation of their ownership:

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Other institutional investors also recently bought and sold shares of the company. BKS Advisors LLC acquired a new stake in Symantec during the third quarter valued at about $113,000. Advisor Group Inc. raised its stake in Symantec by 18.3% in the third quarter. Advisor Group Inc. now owns 4,636 shares of the company’s stock valued at $117,000 after buying an additional 717 shares during the last quarter. Johnson Financial Group Inc. raised its stake in Symantec by 5.6% in the fourth quarter. Johnson Financial Group Inc. now owns 4,881 shares of the company’s stock valued at $117,000 after buying an additional 260 shares during the last quarter. Intellectus Partners LLC acquired a new stake in Symantec during the fourth quarter valued at about $124,000. Finally, MSI Financial Services Inc raised its stake in Symantec by 8.1% in the third quarter. MSI Financial Services Inc now owns 5,618 shares of the company’s stock valued at $141,000 after buying an additional 420 shares during the last quarter. 93.90% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Symantec (NASDAQ:SYMC)

Symantec Co. (NASDAQ:SYMC) traded up 0.114% on Monday, reaching $30.735. 2,294,493 shares of the company’s stock were exchanged. Symantec Co. has a 12 month low of $16.25 and a 12 month high of $31.10. The stock has a market capitalization of $19.02 billion, a PE ratio of 9.260 and a beta of 1.17. The firm has a 50 day moving average of $28.95 and a 200 day moving average of $25.87.

Symantec (NASDAQ:SYMC) last posted its earnings results on Wednesday, February 1st. The company reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.04. The firm earned $1.09 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Symantec had a net margin of 55.12% and a return on equity of 12.69%. The company’s revenue was up 19.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.26 earnings per share. Equities analysts predict that Symantec Co. will post $1.19 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Monday, February 20th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Thursday, February 16th. Symantec’s dividend payout ratio (DPR) is presently 9.35%.

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Several equities research analysts have recently issued reports on SYMC shares. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $28.00 price objective on shares of Symantec in a research report on Monday, November 21st. JMP Securities reissued a “buy” rating on shares of Symantec in a research report on Tuesday, November 22nd. Jefferies Group LLC reissued a “hold” rating on shares of Symantec in a research report on Wednesday, December 7th. Zacks Investment Research raised shares of Symantec from a “sell” rating to a “hold” rating and set a $27.00 price objective for the company in a research report on Tuesday, January 3rd. Finally, Royal Bank of Canada increased their price objective on shares of Symantec from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, January 30th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $28.00.

In other Symantec news, CAO Mark S. Garfield sold 3,002 shares of Symantec stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $29.25, for a total value of $87,808.50. Following the completion of the sale, the chief accounting officer now directly owns 63,508 shares in the company, valued at $1,857,609. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Francis C. Rosch sold 14,585 shares of Symantec stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $28.80, for a total transaction of $420,048.00. The disclosure for this sale can be found here. Insiders sold 99,732 shares of company stock valued at $2,728,370 over the last quarter. Corporate insiders own 0.76% of the company’s stock.

About Symantec

Symantec Corporation is a United States-based cyber security company. The Company offers products under categories, such as threat protection, information protection, cyber security services and Website security. 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.

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