Arvest Bank Trust Division Exits Position in Becton Dickinson and Co (BDX)

Becton Dickinson and Co (BDX) : Arvest Bank Trust Division has sold out all of its stake in Becton Dickinson and Co during the most recent quarter, according to the disclosure filed by the company on Oct 7, 2016 with the SEC. The investment management company has sold out 149,006 shares of Becton Dickinson and Co which is valued at $26,433,664.

Other Hedge Funds, Including , Leith Wheeler Investment Counsel Ltd. reduced its stake in BDX by selling 307 shares or 16.85% in the most recent quarter. The Hedge Fund company now holds 1,515 shares of BDX which is valued at $268,761. Becton Dickinson and Co makes up approx 0.24% of Leith Wheeler Investment Counsel Ltd.’s portfolio.Mcqueen Ball Associates reduced its stake in BDX by selling 90 shares or 0.58% in the most recent quarter. The Hedge Fund company now holds 15,535 shares of BDX which is valued at $2,744,258. Becton Dickinson and Co makes up approx 1.88% of Mcqueen Ball Associates’s portfolio.Washington Trust Bank boosted its stake in BDX in the latest quarter, The investment management firm added 367 additional shares and now holds a total of 392 shares of Becton Dickinson and Co which is valued at $69,247. Becton Dickinson and Co makes up approx 0.02% of Washington Trust Bank’s portfolio.Beacon Financial Group reduced its stake in BDX by selling 13 shares or 0.27% in the most recent quarter. The Hedge Fund company now holds 4,789 shares of BDX which is valued at $845,977. Becton Dickinson and Co makes up approx 0.18% of Beacon Financial Group’s portfolio.Cacti Asset Management boosted its stake in BDX in the latest quarter, The investment management firm added 2,350 additional shares and now holds a total of 204,138 shares of Becton Dickinson and Co which is valued at $36,060,978. Becton Dickinson and Co makes up approx 3.67% of Cacti Asset Management’s portfolio.

Becton Dickinson and Co opened for trading at $177.39 and hit $177.81 on the upside on Friday, eventually ending the session at $177.4, with a gain of 0.16% or 0.29 points. The heightened volatility saw the trading volume jump to 6,17,071 shares. Company has a market cap of $37,773 M.

On the company’s financial health, Becton Dickinson and Co reported $2.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $2.20. The company had revenue of $3198.00 million for the quarter, compared to analysts expectations of $3202.11 million. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.05 EPS.

Many Wall Street Analysts have commented on Becton Dickinson and Co. Becton Dickinson and Co was Downgraded by Citigroup to ” Sell” on Sep 23, 2016.

Becton Dickinson and Company is a global medical technology company engaged in the development manufacture and sale of a range of medical supplies devices laboratory equipment and diagnostic products used by healthcare institutions life science researchers clinical laboratories pharmaceutical industry and the general public. The Company operates through two segments: BD Medical and BD Life Sciences. The Company’s Life Sciences segment consists of the BD Diagnostics and BD Biosciences segments. The Company’s BD Medical segment focuses on providing solutions to reduce the spread of infection enhance diabetes treatment and advance drug delivery. The Company’s BD Diagnostics provides products for the safe collection and transport of diagnostics specimens as well as instruments and reagent systems. Its BD Biosciences provide diagnostic and research tools to life science researchers clinical researchers laboratory professionals and clinicians.

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