Insider Selling: Zimmer Holdings Insider Sells 4,890 Shares of Stock (ZMH)
Zimmer Holdings (NYSE:ZMH) Insider Katarzyna Mazur-Hofsaess sold 4,890 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $81.38, for a total transaction of $397,948.20. Following the completion of the sale, the insider now directly owns 1,643 shares of the company’s stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on ZMH shares. Analysts at Barclays Capital reiterated an “overweight” rating on shares of Zimmer Holdings (NYSE:ZMH) in a research note to investors on Wednesday, August 14th. They now have a $90.00 price target on the stock. Separately, analysts at Needham & Company initiated coverage on shares of Zimmer Holdings (NYSE:ZMH) in a research note to investors on Thursday, August 8th. They set a “buy” rating and a $98.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Zimmer Holdings (NYSE:ZMH) in a research note to investors on Friday, August 2nd. They now have a $89.00 price target on the stock.
Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and ten have given a buy rating to the company’s stock. Zimmer Holdings currently has a consensus rating of “Hold” and an average price target of $82.57.
Shares of Zimmer Holdings (NYSE:ZMH) traded up 0.80% during mid-day trading on Friday, hitting $81.89. The stock had a trading volume of 1,364,048 shares. Zimmer Holdings has a 1-year low of $61.97 and a 1-year high of $85.08. The stock has a 50-day moving average of $81.21 and a 200-day moving average of $77.92. The company has a market cap of $13.884 billion and a P/E ratio of 20.00.
Zimmer Holdings (NYSE:ZMH) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by $0.01. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the company posted $1.34 earnings per share. The company’s revenue for the quarter was up 3.9% on a year-over-year basis.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 25th. Stockholders of record on Friday, September 27th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Wednesday, September 25th.
Zimmer Holdings, Inc (NYSE:ZMH) designs, develops, manufactures and markets orthopaedic reconstructive, spinal and trauma devices, biologics, dental implants and related surgical products.
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