Q4 2018 EPS Estimates for Medtronic PLC Increased by William Blair (MDT)

Leslie Hanson
October 12, 2017

The stock rose 1.20% or $0.93 reaching $78.22. About 2.39M shares traded. Medtronic plc. Ordinary Shares also recently announced a dividend for shareholders that will be paid on Friday the 20th of October 2017. It has underperformed by 12.66% the S&P500. (NYSE:IBM) to report earnings on October, 16. 3,221,049 shares of the company's stock were exchanged. Princeton Alpha Management LP acquired a new position in Medtronic PLC during the 1st quarter valued at about $557,000. Ralph Lauren Corp now has $6.92B valuation. MDT has diverse figures for different time frames; starting from week's performance plunged -1.43% in last five regular trading sessions. Laboratory Corp. of America Holdings (NYSE:LH) has risen 10.51% since October 11, 2016 and is uptrending. It has underperformed by 17.75% the S&P500. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company's stock. Polo Ralph Lauren Corporation had 67 analyst reports since August 6, 2015 according to SRatingsIntel. The stock has a consensus rating of "Hold" and a consensus target price of $87.79. Klingenstein Fields & Co Llc bought 8,913 shares as the company's stock declined 0.17% while stock markets rallied. The firm earned "Hold" rating on Thursday, May 25 by Stifel Nicolaus. The rating was maintained by Oppenheimer with "Buy" on Monday, June 26. On Thursday, May 25 the stock rating was maintained by PiperJaffray with "Overweight". This repurchase authorization authorizes the medical technology company to buy up to 49% of its stock through open market purchases. CLSA downgraded the shares of RL in report on Friday, February 3 to "Outperform" rating. The company was maintained on Friday, September 4 by Jefferies. Ordinary Shares (NYSE:MDT) for 58,595 shares. Advsrs Asset Mgmt owns 297,360 shares for 0.75% of their portfolio. Bioverativ Inc was raised too. Its down 0.06, from 0.96 in 2017Q1. It fall, as 54 investors sold RL shares while 108 reduced holdings. Bokf Na, Oklahoma-based fund reported 33,518 shares. Fayez Sarofim owns 66,071 shares. Retirement Sys Of Alabama has invested 0.48% in Medtronic plc. The shares were sold at an average price of $81.63, for a total transaction of $11,461,423.41. It also upped Qualcomm Inc Com (NASDAQ:QCOM) stake by 82,401 shares and now owns 175,436 shares. Quinn Opportunity Prtn Limited Liability Com accumulated 5,000 shares. International Business Machines Corp. The medical technology company reported $1.12 earnings per share for the quarter, beating analysts' consensus estimates of $1.08 by $0.04. Cowen & Co maintained the shares of PSX in report on Monday, September 11 with "Buy" rating. Ordinary Shares (NYSE:MDT). Canada Pension Plan Board invested 0.46% in Medtronic plc. Citigroup initiated the shares of LH in report on Friday, September 9 with "Neutral" rating. Blume owns 500 shares. Meiji Yasuda Asset Limited holds 0.48% or 53,375 shares in its portfolio. Ordinary Shares (NYSE:MDT) or 403,754 shares. The expected MDT's profit could reach $1.43 billion giving the stock 18.31 P/E in the case that $1.07 earnings per share is reported. Parkside Financial Bank & Trust grew its holdings in Medtronic PLC by 22.4% in the second quarter. Investors at the moment see that Medtronic plc, has a long term debt/equity of 0.51, with total debt/equity coming to 0.67. Its up 0.03, from 0.82 in 2017Q1. It worsened, as 72 investors sold Medtronic plc.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ogorek Anthony Joseph Ny Adv has invested 0.67% in Medtronic plc. Ordinary Shares (NYSE:MDT). Lpl Limited Co invested 0.05% of its portfolio in Medtronic plc. Ordinary Shares (NYSE:MDT). Twin Management holds 0.09% or 16,370 shares.

Short traders are more bullish on Medtronic plc. Ordinary Shares (NYSE:MDT) on Wednesday, April 19 with "Buy" rating. The company has market cap of $86.98 million. Bremer Trust Association stated it has 0.11% of its portfolio in Medtronic plc. Rench Wealth Mngmt owns 1.74% invested in Medtronic plc. Ordinary Shares (NYSE:MDT) for 29,504 shares. BMO Capital Markets restated an "outperform" rating and issued a $92.00 price target (down from $94.00) on shares of Medtronic PLC in a research report on Wednesday, August 23rd.


It has been a long while for Medtronic plc, since its IPO date on 12/31/1981.

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