Boston Scientific Corporation (BSX) EVP Sells $10,108,629.44 in Stock
Boston Scientific Corporation (NYSE:BSX) EVP Supratim Bose sold 347,137 shares of the stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $29.12, for a total transaction of $10,108,629.44. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Boston Scientific Corporation (NYSE:BSX) traded up 0.65% during trading on Thursday, hitting $29.43. 3,702,266 shares of the stock traded hands. The firm has a market cap of $40.38 billion, a price-to-earnings ratio of 52.65 and a beta of 1.09. The stock has a 50 day moving average of $28.14 and a 200 day moving average of $26.94. Boston Scientific Corporation has a 52-week low of $19.67 and a 52-week high of $29.50.
Boston Scientific Corporation (NYSE:BSX) last announced its quarterly earnings results on Thursday, July 27th. The medical equipment provider reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.01. Boston Scientific Corporation had a return on equity of 23.62% and a net margin of 9.04%. The company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same period in the previous year, the company posted $0.27 earnings per share. Boston Scientific Corporation’s revenue for the quarter was up 6.2% on a year-over-year basis. Analysts expect that Boston Scientific Corporation will post $1.26 EPS for the current year.
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A number of large investors have recently made changes to their positions in the business. Lord Abbett & CO. LLC acquired a new position in Boston Scientific Corporation in the second quarter valued at approximately $40,460,000. Sentry Investment Management LLC lifted its holdings in Boston Scientific Corporation by 1.1% in the second quarter. Sentry Investment Management LLC now owns 107,243 shares of the medical equipment provider’s stock valued at $2,973,000 after acquiring an additional 1,125 shares during the period. WFG Advisors LP lifted its holdings in Boston Scientific Corporation by 17.3% in the second quarter. WFG Advisors LP now owns 157,919 shares of the medical equipment provider’s stock valued at $4,378,000 after acquiring an additional 23,305 shares during the period. Toronto Dominion Bank lifted its holdings in Boston Scientific Corporation by 26.1% in the second quarter. Toronto Dominion Bank now owns 463,826 shares of the medical equipment provider’s stock valued at $12,854,000 after acquiring an additional 95,902 shares during the period. Finally, Dynamic Technology Lab Private Ltd lifted its holdings in Boston Scientific Corporation by 80.8% in the second quarter. Dynamic Technology Lab Private Ltd now owns 16,800 shares of the medical equipment provider’s stock valued at $466,000 after acquiring an additional 7,507 shares during the period. 90.44% of the stock is owned by institutional investors.
Several equities analysts have issued reports on the stock. J P Morgan Chase & Co restated an “overweight” rating and set a $31.00 target price (up previously from $27.00) on shares of Boston Scientific Corporation in a research note on Wednesday, June 28th. Royal Bank Of Canada restated a “buy” rating and set a $31.00 target price on shares of Boston Scientific Corporation in a research note on Wednesday, July 12th. Wells Fargo & Company restated an “outperform” rating and set a $31.00 target price (up previously from $29.50) on shares of Boston Scientific Corporation in a research note on Friday, June 16th. Needham & Company LLC upped their target price on shares of Boston Scientific Corporation from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Thursday, June 22nd. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Boston Scientific Corporation in a research note on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $30.06.
Boston Scientific Corporation Company Profile
Boston Scientific Corporation is a developer, manufacturer and marketer of medical devices that are used in a range of interventional medical specialties. The Company offers its products by seven businesses: Interventional Cardiology, Cardiac Rhythm Management, Endoscopy, Peripheral Interventions, Urology and Pelvic Health, Neuromodulation, and Electrophysiology.
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