Economy

FY2019 EPS Estimates for Medtronic PLC Cut by Oppenheimer Holdings (MDT)

The Schafer Cullen Capital Management Inc holds 3.76 million shares with $169.35 million value, up from 3.55M last quarter.

Investment analysts at Oppenheimer Holdings reduced their FY2019 EPS estimates for shares of Medtronic PLC in a research report issued to clients and investors on Tuesday. North Star Investment Management Corp. now owns 1,995 shares of the medical technology company's stock worth $177,000 after buying an additional 22 shares in the last quarter. IFC Holdings Incorporated FL now owns 5,673 shares of the medical technology company's stock worth $501,000 after purchasing an additional 17 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Medtronic PLC by 2,513.4% during the first quarter. It has underperformed by 12.66% the S&P500. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The stock was sold at an average price of $78.03, for a total transaction of $1,248,480.00. The medical technology company reported $1.12 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.08 by $0.04. Picton Mahoney Asset Management who had been investing in Hd Supply Hldgs Inc for a number of months, seems to be less bullish one the $6.66B market cap company. (BCE)'s stock declined 0.38%.

About 154,797 shares traded. HD Supply Holdings Inc (NASDAQ:HDS) has risen 25.80% since November 9, 2016 and is uptrending. It has outperformed by 12.41% the S&P500. They expect $0.75 EPS, down 9.64% or $0.08 from last year's $0.83 per share. MDT's profit will be $1.40 billion for 18.82 P/E if the $1.07 EPS becomes a reality. Wellington Mngmt Llp holds 1.21% in Medtronic plc. Therefore 38% are positive.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. The firm has "Buy" rating given on Thursday, March 17 by Nomura. On Tuesday, August 23 the stock rating was initiated by Citigroup with "Buy". Stifel Nicolaus maintained it with "Hold" rating and $9100 target in Thursday, May 25 report. On Wednesday, June 7 the stock rating was downgraded by Drexel Hamilton to "Hold". The firm earned "Outperform" rating on Friday, February 19 by RBC Capital Markets.

Investors of record on Friday, September 29th were issued a $0.46 dividend. Its down 0.37, from 1.36 in 2017Q1. Massmutual Fsb Adv reported 50,893 shares or 0% of all its holdings. Hillsdale Inv Inc reported 180 shares. Symphony Asset Limited Liability Co has invested 0.15% in HD Supply Holdings Inc (NASDAQ:HDS). Hudock Capital Group LLC increased its position in shares of Medtronic PLC by 0.5% during the second quarter. Vaughan Nelson Invest Mgmt Ltd Partnership holds 863,564 shares. Zeke Advsr Ltd Co holds 0.41% or 23,675 shares in its portfolio. Alliancebernstein L.P. now owns 6,070,160 shares of the medical technology company's stock valued at $538,727,000 after acquiring an additional 3,493,058 shares during the last quarter. Comml Bank Of Nova Scotia holds 708,862 shares. Reilly Finance Llc has 100 shares for 0% of their portfolio. Also Gurufocus.com published the news titled: "Intermede Investment Partners Ltd Buys HD Supply Holdings Inc, Wells Fargo ..." on October 24, 2017. This represents a $1.84 annualized dividend and a yield of 2.27%.

Several hedge funds have recently added to or reduced their stakes in the company. The Netherlands-based Apg Asset Mngmt Nv has invested 0.22% in Medtronic plc. Ordinary Shares (NYSE:MDT) or 278,952 shares. Grp Inc stated it has 455,648 shares. Medtronic PLC presently has an average rating of "Hold" and a consensus target price of $87.88. Ordinary Shares (NYSE:MDT). Boston Private Wealth Ltd Limited Liability Company owns 361,404 shares or 1.26% of their U.S. portfolio. The Quebec - Canada-based Caisse De Depot Et Placement Du Quebec has invested 1.69% in Medtronic plc. Mitsubishi Ufj Tru & Banking holds 2.81 million shares. It was reported on Nov, 9 by Barchart.com. Texas-based Dimensional Fund Lp has invested 0.35% in Medtronic plc.

Shares of Medtronic PLC (NYSE MDT) opened at $77.81 on Thursday. Ordinary Shares (NYSE:MDT). Fjarde Ap accumulated 320,990 shares or 0.57% of the stock. Medtronic PLC's dividend payout ratio is now 61.95%. Ordinary Shares (NYSE:MDT). Seven analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Therefore 63% are positive. BidaskClub lowered Medtronic PLC from a "hold" rating to a "sell" rating in a research report on Saturday, August 26th. BMO Capital Markets reissued an "outperform" rating and issued a $92.00 price target (down previously from $94.00) on shares of Medtronic PLC in a research report on Wednesday, August 23rd. The firm has "Buy" rating by Cowen & Co given on Tuesday, August 22. It dropped, as 72 investors sold Medtronic plc. Ordinary Shares (NYSE:MDT) to report earnings on November, 28. Tcw reported 0.61% of its portfolio in Medtronic plc. Ordinary Shares (NYSE:MDT) is a huge mover today! Deutsche Bank AG set a $96.00 price target on shares of Medtronic PLC and gave the company a "buy" rating in a research report on Monday, July 31st. The company was maintained on Tuesday, August 22 by BTIG Research. Oppenheimer maintained Medtronic plc. Leerink Swann reaffirmed a "market perform" rating and set a $85.00 price target (down from $88.00) on shares of Medtronic PLC in a research note on Monday, October 9th. The rating was maintained by Wedbush on Wednesday, June 1 with "Neutral".

Golub Group Llc, which manages about $1.01B and $1.05 billion US Long portfolio, decreased its stake in Apple Inc (NASDAQ:AAPL) by 5,247 shares to 403,204 shares, valued at $58.07M in 2017Q2, according to the filing. The stock had a trading volume of 1,205,410 shares.

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