St. Jude Medical (STJ) : Exxonmobil Investment Management Inc Tx reduced its stake in St. Jude Medical by 1.13% during the most recent quarter end. The investment management company now holds a total of 72,753 shares of St. Jude Medical which is valued at $5,882,808 after selling 832 shares in St. Jude Medical , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.St. Jude Medical makes up approximately 0.12% of Exxonmobil Investment Management Inc Tx’s portfolio.
Other Hedge Funds, Including , First Mercantile Trust Co sold out all of its stake in STJ during the most recent quarter. The investment firm sold 10,500 shares of STJ which is valued $849,030.Curbstone Financial Management Corp reduced its stake in STJ by selling 276 shares or 1.56% in the most recent quarter. The Hedge Fund company now holds 17,374 shares of STJ which is valued at $1,395,306. St. Jude Medical makes up approx 0.45% of Curbstone Financial Management Corp’s portfolio.Boltwood Capital Management boosted its stake in STJ in the latest quarter, The investment management firm added 95 additional shares and now holds a total of 14,360 shares of St. Jude Medical which is valued at $1,153,252. St. Jude Medical makes up approx 0.93% of Boltwood Capital Management’s portfolio.Chevy Chase Trust Holdings reduced its stake in STJ by selling 5,081 shares or 2.09% in the most recent quarter. The Hedge Fund company now holds 237,763 shares of STJ which is valued at $19,094,747. St. Jude Medical makes up approx 0.10% of Chevy Chase Trust Holdings’s portfolio.Washington Trust Bank reduced its stake in STJ by selling 461 shares or 23.05% in the most recent quarter. The Hedge Fund company now holds 1,539 shares of STJ which is valued at $123,597. St. Jude Medical makes up approx 0.03% of Washington Trust Bank’s portfolio.
St. Jude Medical opened for trading at $80.7 and hit $81 on the upside on Friday, eventually ending the session at $80.86, with a gain of 0.15% or 0.12 points. The heightened volatility saw the trading volume jump to 12,98,267 shares. Company has a market cap of $23,039 M.
On the company’s financial health, St. Jude Medical reported $1.06 EPS for the quarter, based on the information available during the earnings call on Jul 20, 2016. Analyst had a consensus estimate of $1.06. The company had revenue of $1562.00 million for the quarter, compared to analysts expectations of $1552.79 million. The company’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.07 EPS.
Many Wall Street Analysts have commented on St. Jude Medical. Company shares were Downgraded by Wedbush on Jul 15, 2016 to ” Neutral”, Firm has raised the Price Target to $ 84 from a previous price target of $70 .St. Jude Medical was Downgraded by Leerink Partners to ” Mkt Perform” on Jul 11, 2016.
St. Jude Medical Inc. develops manufactures and distributes cardiovascular medical devices for the global cardiac rhythm management cardiovascular and atrial fibrillation therapy areas and interventional pain therapy and neurostimulation devices for the management of chronic pain and movement disorders. Its six principal product categories include tachycardia implantable cardioverter defibrillator (ICD) systems bradycardia pacemaker systems atrial fibrillation (AF) products (electrophysiology introducers and catheters advanced cardiac mapping navigation and recording systems and ablation systems) vascular products (vascular closure products pressure measurement guidewires optical coherence tomography (OCT) imaging products heart failure monitoring device and other vascular accessories) structural heart products and neuromodulation products (spinal cord stimulation and radiofrequency ablation to treat chronic pain and deep brain stimulation to treat movement disorders).