St. Jude Medical (STJ) : Alpine Associates Management added new position in St. Jude Medical during the most recent quarter end. The investment management firm now holds 1,715,000 shares of St. Jude Medical which is valued at $143,442,600 , the company said in a statement filed on Aug 12, 2016 with the SEC.St. Jude Medical makes up approximately 6.21% of Alpine Associates Management’s portfolio.
Other Hedge Funds, Including , Riverhead Capital Management reduced its stake in STJ by selling 95,606 shares or 71.18% in the most recent quarter. The Hedge Fund company now holds 38,712 shares of STJ which is valued at $3,237,872. St. Jude Medical makes up approx 0.05% of Riverhead Capital Management’s portfolio.Blackrock Fund Advisors boosted its stake in STJ in the latest quarter, The investment management firm added 125,869 additional shares and now holds a total of 5,277,236 shares of St. Jude Medical which is valued at $441,388,019. St. Jude Medical makes up approx 0.09% of Blackrock Fund Advisors’s portfolio.Advisors Asset Management reduced its stake in STJ by selling 6,432 shares or 23.28% in the most recent quarter. The Hedge Fund company now holds 21,201 shares of STJ which is valued at $1,773,888. St. Jude Medical makes up approx 0.03% of Advisors Asset Management’s portfolio.Ghp Investment Advisors boosted its stake in STJ in the latest quarter, The investment management firm added 294 additional shares and now holds a total of 12,838 shares of St. Jude Medical which is valued at $1,072,358. St. Jude Medical makes up approx 0.21% of Ghp Investment Advisors’s portfolio.Livforsakringsbolaget Skandia Omsesidigt boosted its stake in STJ in the latest quarter, The investment management firm added 8,000 additional shares and now holds a total of 38,167 shares of St. Jude Medical which is valued at $3,074,734. St. Jude Medical makes up approx 0.13% of Livforsakringsbolaget Skandia Omsesidigt’s portfolio.
St. Jude Medical opened for trading at $78.27 and hit $78.64 on the upside on Monday, eventually ending the session at $78.25, with a gain of 0.31% or 0.24 points. The heightened volatility saw the trading volume jump to 91,16,633 shares. Company has a market cap of $22,296 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.
Investors should note that on Aug 3, 2016, St. Jude Medical announced a cash dividend of $0.3100. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 28, 2016.
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).