Citizens Financial Group Inc. RI lowered its stake in shares of C.R. Bard, Inc. (NYSE:BCR) by 1.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,743 shares of the medical instruments supplier’s stock after selling 452 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in C.R. Bard were worth $10,494,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Monroe Bank & Trust MI increased its stake in shares of C.R. Bard by 65.6% during the 3rd quarter. Monroe Bank & Trust MI now owns 447 shares of the medical instruments supplier’s stock valued at $100,000 after acquiring an additional 177 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of C.R. Bard by 70.4% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 460 shares of the medical instruments supplier’s stock valued at $145,000 after acquiring an additional 190 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of C.R. Bard by 2.8% during the 2nd quarter. Parallel Advisors LLC now owns 513 shares of the medical instruments supplier’s stock valued at $164,000 after acquiring an additional 14 shares during the last quarter. Captrust Financial Advisors acquired a new position in shares of C.R. Bard during the 2nd quarter valued at about $192,000. Finally, Choate Investment Advisors purchased a new stake in shares of C.R. Bard during the 2nd quarter worth about $201,000. 79.21% of the stock is owned by institutional investors.
BCR has been the subject of a number of research reports. Barclays boosted their target price on C.R. Bard from $245.00 to $337.00 and gave the stock an “equal weight” rating in a report on Monday, November 6th. Jefferies Group reiterated a “hold” rating and set a $317.00 target price on shares of C.R. Bard in a report on Thursday, September 14th. Needham & Company LLC reiterated a “hold” rating on shares of C.R. Bard in a report on Thursday, October 26th. Cowen reiterated a “hold” rating and set a $317.00 target price on shares of C.R. Bard in a report on Friday, November 3rd. Finally, ValuEngine cut C.R. Bard from a “buy” rating to a “hold” rating in a report on Friday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a strong buy rating to the company. C.R. Bard currently has an average rating of “Hold” and a consensus price target of $303.50.
Shares of C.R. Bard, Inc. (BCR) opened at $332.55 on Tuesday. The company has a current ratio of 1.72, a quick ratio of 1.37 and a debt-to-equity ratio of 0.57. C.R. Bard, Inc. has a fifty-two week low of $206.71 and a fifty-two week high of $337.73. The stock has a market capitalization of $24,496.21, a PE ratio of 29.02, a PEG ratio of 2.57 and a beta of 0.52.
C.R. Bard (NYSE:BCR) last issued its earnings results on Wednesday, October 25th. The medical instruments supplier reported $3.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.96 by $0.06. The business had revenue of $989.80 million during the quarter, compared to analysts’ expectations of $990.64 million. C.R. Bard had a return on equity of 48.28% and a net margin of 14.75%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.64 EPS. research analysts expect that C.R. Bard, Inc. will post 11.89 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date is Thursday, December 7th. C.R. Bard’s dividend payout ratio is presently 13.70%.
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C.R. Bard Company Profile
C. R. Bard, Inc (Bard) is engaged in designing, manufacturing, packaging, distribution and sale of medical, surgical, diagnostic and patient care devices. The Company operates through the manufacture and sale of medical devices segment. It sells a range of products to hospitals, individual healthcare professionals, extended care facilities and alternate site facilities on a global basis.
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