C.R. Bard, Inc. (NYSE:BCR) Vice Chairman John H. Weiland sold 14,281 shares of the business’s stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $239.54, for a total transaction of $3,420,870.74. Following the sale, the insider now directly owns 83,613 shares in the company, valued at $20,028,658.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
C.R. Bard, Inc. (NYSE:BCR) traded up 0.18% during mid-day trading on Friday, reaching $240.29. 885,238 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $231.74 and its 200 day moving average is $222.19. C.R. Bard, Inc. has a 1-year low of $180.43 and a 1-year high of $241.50. The stock has a market capitalization of $17.67 billion, a PE ratio of 34.18 and a beta of 0.63.
C.R. Bard (NYSE:BCR) last issued its earnings results on Thursday, January 26th. The company reported $2.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.74 by $0.03. The business had revenue of $967.10 million for the quarter, compared to the consensus estimate of $956.12 million. C.R. Bard had a net margin of 14.31% and a return on equity of 48.48%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.43 earnings per share. Analysts forecast that C.R. Bard, Inc. will post $11.64 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, February 3rd. Stockholders of record on Monday, January 23rd were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend was Thursday, January 19th. C.R. Bard’s payout ratio is 14.77%.
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BCR has been the topic of a number of research analyst reports. Morgan Stanley raised shares of C.R. Bard from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $240.00 to $260.00 in a report on Tuesday, January 3rd. Zacks Investment Research raised shares of C.R. Bard from a “hold” rating to a “buy” rating and set a $241.00 price objective on the stock in a report on Thursday, October 27th. BMO Capital Markets raised shares of C.R. Bard from a “market perform” rating to an “outperform” rating and set a $240.00 price target on the stock in a report on Wednesday, October 26th. They noted that the move was a valuation call. Raymond James Financial, Inc. raised shares of C.R. Bard from an “outperform” rating to a “strong-buy” rating and upped their price target for the company from $250.00 to $265.00 in a report on Thursday, January 5th. Finally, Barclays PLC reaffirmed a “hold” rating and issued a $245.00 price target on shares of C.R. Bard in a report on Sunday, January 29th. Eight analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $244.14.
Several hedge funds have recently modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. increased its stake in shares of C.R. Bard by 43.7% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 454 shares of the company’s stock valued at $107,000 after buying an additional 138 shares during the last quarter. Advisory Services Network LLC increased its stake in shares of C.R. Bard by 4.9% in the third quarter. Advisory Services Network LLC now owns 513 shares of the company’s stock valued at $115,000 after buying an additional 24 shares during the last quarter. Mycio Wealth Partners LLC increased its stake in shares of C.R. Bard by 36.4% in the second quarter. Mycio Wealth Partners LLC now owns 599 shares of the company’s stock valued at $141,000 after buying an additional 160 shares during the last quarter. Penserra Capital Management LLC increased its stake in shares of C.R. Bard by 100.0% in the third quarter. Penserra Capital Management LLC now owns 648 shares of the company’s stock valued at $145,000 after buying an additional 324 shares during the last quarter. Finally, Shinko Asset Management Co. Ltd. increased its stake in shares of C.R. Bard by 60.1% in the third quarter. Shinko Asset Management Co. Ltd. now owns 975 shares of the company’s stock valued at $219,000 after buying an additional 366 shares during the last quarter. 87.46% of the stock is currently owned by institutional investors and hedge funds.
C.R. Bard Company Profile
C. R. Bard, Inc (Bard) and its subsidiaries are engaged in designing, manufacturing, packaging, distribution and sale of medical, surgical, diagnostic and patient care devices. The Company sells its products to hospitals, individual healthcare professionals, extended care facilities and alternate site facilities.
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