St. Jude Medical (STJ) : Bbt Capital Management added new position in St. Jude Medical during the most recent quarter end. The investment management firm now holds 198,000 shares of St. Jude Medical which is valued at $16,560,720 , the company said in a statement filed on Aug 10, 2016 with the SEC.St. Jude Medical makes up approximately 4.30% of Bbt Capital Management’s portfolio.
Other Hedge Funds, Including , Wetherby Asset Management Inc boosted its stake in STJ in the latest quarter, The investment management firm added 768 additional shares and now holds a total of 5,120 shares of St. Jude Medical which is valued at $428,237. St. Jude Medical makes up approx 0.09% of Wetherby Asset Management Inc’s portfolio. Dupont Capital Management Corp added STJ to its portfolio by purchasing 12,800 company shares during the most recent quarter which is valued at $1,069,184. St. Jude Medical makes up approx 0.02% of Dupont Capital Management Corp’s portfolio.California State Teachers Retirement System boosted its stake in STJ in the latest quarter, The investment management firm added 35,720 additional shares and now holds a total of 640,472 shares of St. Jude Medical which is valued at $53,498,626. St. Jude Medical makes up approx 0.11% of California State Teachers Retirement System’s portfolio.Tokio Marine Asset Management Co Ltd boosted its stake in STJ in the latest quarter, The investment management firm added 308 additional shares and now holds a total of 7,893 shares of St. Jude Medical which is valued at $648,884. St. Jude Medical makes up approx 0.06% of Tokio Marine Asset Management Co Ltd’s portfolio.Sonora Investment Management reduced its stake in STJ by selling 100 shares or 25.0% in the most recent quarter. The Hedge Fund company now holds 300 shares of STJ which is valued at $24,168. St. Jude Medical makes up approx 0.01% of Sonora Investment Management’s portfolio.
St. Jude Medical opened for trading at $82.73 and hit $82.98 on the upside on Friday, eventually ending the session at $82.98, with a gain of 0.07% or 0.06 points. The heightened volatility saw the trading volume jump to 28,80,522 shares. Company has a market cap of $23,643 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).