Putnam Fl Investment Management Co Lowers stake in C R Bard Inc (BCR)

C R Bard Inc (BCR) : Putnam Fl Investment Management Co reduced its stake in C R Bard Inc by 0.68% during the most recent quarter end. The investment management company now holds a total of 63,226 shares of C R Bard Inc which is valued at $13,898,972 after selling 430 shares in C R Bard Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.C R Bard Inc makes up approximately 1.60% of Putnam Fl Investment Management Co’s portfolio.

Other Hedge Funds, Including , Zurcher Kantonalbank (zurich Cantonalbank) boosted its stake in BCR in the latest quarter, The investment management firm added 1,256 additional shares and now holds a total of 9,582 shares of C R Bard Inc which is valued at $2,106,411. C R Bard Inc makes up approx 0.03% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.Advisory Services Network boosted its stake in BCR in the latest quarter, The investment management firm added 6 additional shares and now holds a total of 489 shares of C R Bard Inc which is valued at $109,365. C R Bard Inc makes up approx 0.02% of Advisory Services Network’s portfolio.Retirement Systems Of Alabama reduced its stake in BCR by selling 193 shares or 0.51% in the most recent quarter. The Hedge Fund company now holds 37,379 shares of BCR which is valued at $8,359,813. C R Bard Inc makes up approx 0.05% of Retirement Systems Of Alabama’s portfolio.Ami Asset Management Corp reduced its stake in BCR by selling 53,519 shares or 27.93% in the most recent quarter. The Hedge Fund company now holds 138,104 shares of BCR which is valued at $31,763,920. C R Bard Inc makes up approx 2.12% of Ami Asset Management Corp’s portfolio.

C R Bard Inc opened for trading at $220.22 and hit $221.73 on the upside on Thursday, eventually ending the session at $221.42, with a gain of 0.72% or 1.59 points. The heightened volatility saw the trading volume jump to 3,97,077 shares. Company has a market cap of $16,264 M.

On the company’s financial health, C R Bard Inc reported $2.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.17 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $2.17. The company had revenue of $873.50 million for the quarter, compared to analysts expectations of $847.53 million. The company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.10 EPS.

Many Wall Street Analysts have commented on C R Bard Inc. Company shares were Reiterated by Deutsche Bank on Jul 27, 2016 to “Hold”, Firm has raised the Price Target to $ 240 from a previous price target of $234 .Company shares were Reiterated by Barclays on Jul 27, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 235 from a previous price target of $224 .C R Bard Inc was Downgraded by BofA/Merrill to ” Neutral” on Jul 8, 2016.

C. R. Bard Inc. (Bard) and its subsidiaries are engaged in the design manufacture packaging distribution and sale of medical surgical diagnostic and patient care devices. . The Company reports its sales in four major product group categories: vascular urology oncology and surgical specialty. The Company also has a product group of other products. The Company’s vascular products cover a range of minimally invasive devices for the treatment of peripheral vascular disease and heart arrhythmias. Its urology products include basic urology drainage products fecal and urinary continence products urological specialty products and Targeted Temperature Management products. Its oncology products cover a range of devices used in the treatment and management of various cancers and other diseases and disorders. Its surgical specialty products include implanted patches and fixation devices for hernia and other soft tissue repairs in addition to hemostats and surgical sealants.

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