Health Care

TIAA CREF Investment Management LLC Boosts Stake in Medtronic PLC (NYSE:MDT)

The Letko Brosseau & Associates Inc holds 390,220 shares with $34.63 million value, down from 405,170 last quarter.

Stock analysts at William Blair increased their Q2 2018 earnings estimates for Medtronic PLC in a research report issued to clients and investors on Thursday. The stock decreased 1.83% or $1.48 on November 10, reaching $79.33. About 6.42M shares traded or 9.37% up from the average. Medtronic plc. Ordinary Shares (NYSE:MDT) has risen 4.04% since November 12, 2016 and is uptrending. It has underperformed by 12.66% the S&P500. Out of 3 Wall Street analysts rating Discover Financial Services, 1 give it "Buy", 0 "Sell" rating, while 2 recommend "Hold". Therefore 33% are positive. Finally, Royal Bank Of Canada decreased their target price on Medtronic PLC from $90.00 to $85.00 and set an "outperform" rating for the company in a research note on Monday, October 9th. The firm has "Conviction Buy List" rating by Goldman Sachs given on Friday, November 13. Robert W. Baird maintained Workiva Inc (NYSE:WK) rating on Thursday, September 21. The rating was downgraded by UBS on Wednesday, September 28 to "Neutral". The firm earned "Buy" rating on Wednesday, September 27 by Cowen & Co. The firm has "Equal-Weight" rating given on Monday, January 23 by Morgan Stanley. On Thursday, February 2 the stock rating was maintained by Mizuho with "Buy". On Tuesday, June 27 the stock rating was maintained by Jefferies with "Buy". The company has market cap of $23.53 billion. Wdesk's word processing, spreadsheet and presentation applications are integrated and built upon a data management engine, offering synchronized data, controlled collaboration, granular permissions and a full audit trail. About shares traded. Workiva Inc (NYSE:WK) has risen 44.77% since November 13, 2016 and is uptrending. On average, equities research analysts forecast that Medtronic PLC will post $4.57 earnings per share for the current fiscal year.

For the current quarter, 21 analysts are projecting a mean EPS of $0.98/share. According to their observations and findings, the stock could provide a high EPS of $1.09/share and a low EPS of $0.87/share. MDT's profit would be $1.45 billion giving it 18.54 P/E if the $1.07 EPS is correct. Blair William And Communication Il, a Illinois-based fund reported 346,203 shares. Ordinary Shares's analysts see -14.29% EPS growth.

Medtronic plc (NYSE:MDT) received a Buy rating from 5 analysts. As per Sunday, August 20, the company rating was maintained by RBC Capital Markets. Vontobel Asset holds 1.72% or 2.44 million shares in its portfolio. Lazard Asset Management LLC now owns 13,678,772 shares of the medical technology company's stock valued at $1,101,960,000 after buying an additional 12,500,992 shares during the period. BidaskClub cut shares of Medtronic PLC from a "strong-buy" rating to a "buy" rating in a research report on Monday, July 24th. The firm has "Outperform" rating by BMO Capital Markets given on Wednesday, November 23. Oppenheimer maintained Medtronic plc. Ordinary Shares (NYSE:MDT) on Friday, May 26 with "Buy" rating. Hudock Capital Group LLC raised its position in Medtronic PLC by 0.5% during the second quarter. Ordinary Shares (NYSE:MDT) earned "Neutral" rating by Bank of America on Tuesday, January 3.

Barrow Hanley Mewhinney & Strauss Llc, which manages about $91.02 billion and $65.83 billion US Long portfolio, upped its stake in Pfizer Inc (NYSE:PFE) by 3.43 million shares to 46.27M shares, valued at $1.55 billion in 2017Q2, according to the filing. Citigroup Inc. initiated coverage on Medtronic PLC in a report on Tuesday, August 23rd. (NYSE:T), 9 have Buy rating, 1 Sell and 18 Hold. Needham maintained Medtronic plc.

Healthcor Management Lp increased Bristol Myers Squibb Co (NYSE:BMY) stake by 365,120 shares to 815,120 valued at $45.42M in 2017Q2. Its down 0.06, from 0.96 in 2017Q1. It is negative, as 72 investors sold Medtronic plc.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Shareholders of record on Friday, September 29th were paid a dividend of $0.46 per share. Medtronic PLC has a consensus rating of "Hold" and an average target price of $87.88. Central accumulated 250,000 shares. Bollard Group LLC boosted its position in shares of Medtronic PLC by 0.4% in the 2nd quarter. Yhb Inv has invested 0.15% in Medtronic plc. Vigilant Capital Mngmt Limited Company has invested 0.05% of its portfolio in Medtronic plc. Ordinary Shares (NYSE:MDT). Lord Abbett & Ltd Liability Corp invested in 1.44M shares or 0.38% of the stock. 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 during the last quarter. 467,579 are held by Hexavest. Delta Asset Mngmt Ltd Limited Liability Company Tn invested 0.05% of its portfolio in Medtronic plc. Anchor Capital Advisors Limited Liability Corp holds 0.88% or 270,492 shares in its portfolio. State Board Of Administration Of Florida Retirement System has 0.51% invested in Medtronic plc. Ordinary Shares (NYSE:MDT). Evercore Wealth Ltd Llc owns 0.06% invested in Medtronic plc.

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