Mcqueen Ball Associates Lowers stake in Becton Dickinson and Co (BDX)

Becton Dickinson and Co (BDX) : Mcqueen Ball Associates reduced its stake in Becton Dickinson and Co by 0.58% during the most recent quarter end. The investment management company now holds a total of 15,535 shares of Becton Dickinson and Co which is valued at $2,744,258 after selling 90 shares in Becton Dickinson and Co , the firm said in a disclosure report filed with the SEC on Oct 5, 2016.Becton Dickinson and Co makes up approximately 1.88% of Mcqueen Ball Associates’s portfolio.

Other Hedge Funds, Including , Burns J W Co Incny boosted its stake in BDX in the latest quarter, The investment management firm added 1,258 additional shares and now holds a total of 18,255 shares of Becton Dickinson and Co which is valued at $3,224,746. Becton Dickinson and Co makes up approx 1.00% of Burns J W Co Incny’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.Eqis Capital Management reduced its stake in BDX by selling 77 shares or 1.87% in the most recent quarter. The Hedge Fund company now holds 4,048 shares of BDX which is valued at $715,079. Becton Dickinson and Co makes up approx 0.04% of Eqis Capital Management’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. Harbour Capital Advisors sold out all of its stake in BDX during the most recent quarter. The investment firm sold 1,475 shares of BDX which is valued $260,559.

Becton Dickinson and Co closed down -2.33 points or -1.31% at $176.08 with 7,47,801 shares getting traded on Tuesday. Post opening the session at $178, the shares hit an intraday low of $175.04 and an intraday high of $179.01 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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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