Zimmer Holdings Insider Sells $2,043,456 in Stock (ZMH)
Zimmer Holdings (NYSE:ZMH) Insider Jeffery Mccaulley sold 21,286 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $96.00, for a total value of $2,043,456.00. Following the transaction, the insider now directly owns 5,211 shares in the company, valued at approximately $500,256. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
ZMH has been the subject of a number of recent research reports. Analysts at Barclays raised their price target on shares of Zimmer Holdings from $100.00 to $110.00 in a research note to investors on Thursday. They now have an “overweight” rating on the stock. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Zimmer Holdings has a consensus rating of “Hold” and a consensus price target of $88.95.
Zimmer Holdings (NYSE:ZMH) last announced its earnings results on Thursday, October 24th. The company reported $1.25 EPS for the quarter, beating the Thomson Reuters 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 in the previous year, the company posted $1.15 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis.
The company also recently declared a quarterly dividend, which is scheduled for Friday, January 31st. Stockholders 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.
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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