Family Legacy Inc. Invests $216,000 in Medtronic PLC (NYSE:MDT)

Share on StockTwits

Family Legacy Inc. purchased a new position in shares of Medtronic PLC (NYSE:MDT) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,219 shares of the medical technology company’s stock, valued at approximately $216,000.

Several other institutional investors also recently added to or reduced their stakes in MDT. Comerica Securities Inc. lifted its position in shares of Medtronic by 3.8% during the fourth quarter. Comerica Securities Inc. now owns 13,521 shares of the medical technology company’s stock valued at $1,237,000 after buying an additional 491 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Medtronic by 10.2% in the 4th quarter. Geode Capital Management LLC now owns 16,690,207 shares of the medical technology company’s stock valued at $1,515,557,000 after purchasing an additional 1,538,130 shares during the last quarter. Smithbridge Asset Management Inc. DE raised its position in shares of Medtronic by 2.7% in the 1st quarter. Smithbridge Asset Management Inc. DE now owns 32,004 shares of the medical technology company’s stock valued at $2,915,000 after purchasing an additional 850 shares during the last quarter. CX Institutional raised its position in shares of Medtronic by 281.8% in the 1st quarter. CX Institutional now owns 798 shares of the medical technology company’s stock valued at $73,000 after purchasing an additional 589 shares during the last quarter. Finally, Fulton Bank N.A. raised its position in shares of Medtronic by 4.5% in the 1st quarter. Fulton Bank N.A. now owns 25,814 shares of the medical technology company’s stock valued at $2,351,000 after purchasing an additional 1,115 shares during the last quarter. Institutional investors and hedge funds own 80.08% of the company’s stock.

Several equities analysts recently commented on the stock. Royal Bank of Canada decreased their price objective on shares of Medtronic to $100.00 and set an “outperform” rating for the company in a research report on Tuesday, May 28th. Zacks Investment Research raised shares of Medtronic from a “sell” rating to a “hold” rating in a research report on Monday, May 20th. Northland Securities reaffirmed a “hold” rating and issued a $100.00 price objective on shares of Medtronic in a research report on Thursday, June 20th. Wells Fargo & Co raised shares of Medtronic from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $100.00 to $110.00 in a research report on Tuesday, June 4th. Finally, Oppenheimer set a $110.00 price objective on shares of Medtronic and gave the company a “buy” rating in a research report on Monday, July 15th. Seven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $106.05.

In other Medtronic news, SVP Bradley E. Lerman sold 6,599 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $102.02, for a total transaction of $673,229.98. Following the completion of the transaction, the senior vice president now directly owns 105,960 shares of the company’s stock, valued at approximately $10,810,039.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Richard Kuntz sold 3,438 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $101.12, for a total transaction of $347,650.56. The disclosure for this sale can be found here. Insiders have sold a total of 91,701 shares of company stock valued at $8,917,504 over the last three months. 0.28% of the stock is currently owned by insiders.

MDT opened at $102.33 on Monday. Medtronic PLC has a 12-month low of $81.66 and a 12-month high of $103.95. The company has a quick ratio of 2.15, a current ratio of 2.59 and a debt-to-equity ratio of 0.49. The stock has a market cap of $137.24 billion, a price-to-earnings ratio of 19.60, a PEG ratio of 2.62 and a beta of 0.67. The stock’s 50 day simple moving average is $99.63.

Medtronic (NYSE:MDT) last posted its quarterly earnings results on Thursday, May 23rd. The medical technology company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.07. Medtronic had a net margin of 15.15% and a return on equity of 14.16%. The company had revenue of $8.15 billion during the quarter, compared to analyst estimates of $8.12 billion. During the same period last year, the firm posted $1.42 EPS. Medtronic’s revenue for the quarter was up .0% compared to the same quarter last year. As a group, equities research analysts anticipate that Medtronic PLC will post 5.47 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Monday, July 8th were given a dividend of $0.54 per share. The ex-dividend date was Friday, July 5th. This is a positive change from Medtronic’s previous quarterly dividend of $0.50. This represents a $2.16 dividend on an annualized basis and a yield of 2.11%. Medtronic’s dividend payout ratio (DPR) is currently 41.38%.

About Medtronic

Medtronic plc develops, manufactures, distributes, and sells device-based medical therapies to hospitals, physicians, clinicians, and patients worldwide. It operates through four segments: Cardiac and Vascular Group, Minimally Invasive Therapies Group, Restorative Therapies Group, and Diabetes Group.

Featured Article: What is systematic risk?

Want to see what other hedge funds are holding MDT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Medtronic PLC (NYSE:MDT).

Institutional Ownership by Quarter for Medtronic (NYSE:MDT)

Receive News & Ratings for Medtronic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Medtronic and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Keybank National Association OH Purchases Shares of 15,561 Silgan Holdings Inc.
Keybank National Association OH Purchases Shares of 15,561 Silgan Holdings Inc.
Keybank National Association OH Acquires New Stake in CBIZ, Inc.
Keybank National Association OH Acquires New Stake in CBIZ, Inc.
Keybank National Association OH Grows Stock Position in Antero Midstream GP LP
Keybank National Association OH Grows Stock Position in Antero Midstream GP LP
Keybank National Association OH Trims Stake in Vanguard Value ETF
Keybank National Association OH Trims Stake in Vanguard Value ETF
Keybank National Association OH Purchases 2,905 Shares of iShares Edge MSCI USA Value Factor ETF
Keybank National Association OH Purchases 2,905 Shares of iShares Edge MSCI USA Value Factor ETF
Keybank National Association OH Lowers Stake in TransUnion
Keybank National Association OH Lowers Stake in TransUnion


© 2006-2019 Ticker Report