Insider Selling: Chad Phipps Sells 7,000 Shares of Zimmer Holdings Stock (ZMH)
Zimmer Holdings (NYSE:ZMH) VP Chad Phipps sold 7,000 shares of Zimmer Holdings stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $95.00, for a total value of $665,000.00. Following the sale, the vice president now directly owns 17,240 shares of the company’s stock, valued at approximately $1,637,800. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Zimmer Holdings (NYSE:ZMH) traded up 2.45% on Wednesday, hitting $97.43. 1,880,549 shares of the company’s stock traded hands. Zimmer Holdings has a one year low of $69.44 and a one year high of $95.12. The stock has a 50-day moving average of $91.55 and a 200-day moving average of $84.9. The company has a market cap of $16.659 billion and a price-to-earnings ratio of 24.11.
Zimmer Holdings (NYSE:ZMH) last announced its earnings results on Thursday, October 24th. The company reported $1.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.24 by $0.01. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the company posted $1.15 earnings per share. Zimmer Holdings’s revenue was up 4.6% compared to the same quarter last year. On average, analysts predict that Zimmer Holdings will post $5.70 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, January 31st. Investors of record on Friday, December 27th will be given a dividend of 0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Tuesday, December 24th.
Several analysts have recently commented on the stock. Analysts at Leerink Swann upgraded shares of Zimmer Holdings from a “market perform” rating to an “outperform” rating in a research note to investors on Monday. Separately, analysts at Atlantic Securities initiated coverage on shares of Zimmer Holdings in a research note to investors on Thursday, December 19th. They set an “overweight” rating on the stock. Finally, analysts at Barclays raised their price target on shares of Zimmer Holdings from $98.00 to $100.00 in a research note to investors on Tuesday, November 26th. They now have an “overweight” rating on the stock. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company. Zimmer Holdings presently has an average rating of “Hold” and a consensus target price of $88.48.
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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