Reliance Trust Co Of Delaware Lowers stake in Boston Scientific Corporation (BSX)

Boston Scientific Corporation (BSX) : Reliance Trust Co Of Delaware reduced its stake in Boston Scientific Corporation by 2.4% during the most recent quarter end. The investment management company now holds a total of 107,205 shares of Boston Scientific Corporation which is valued at $2,460,355 after selling 2,631 shares in Boston Scientific Corporation , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Boston Scientific Corporation makes up approximately 0.23% of Reliance Trust Co Of Delaware’s portfolio.

Other Hedge Funds, Including , British Columbia Investment Management Corp reduced its stake in BSX by selling 90,432 shares or 18.64% in the most recent quarter. The Hedge Fund company now holds 394,697 shares of BSX which is valued at $9,141,183. Boston Scientific Corporation makes up approx 0.09% of British Columbia Investment Management Corp’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in BSX by selling 21,531 shares or 22.54% in the most recent quarter. The Hedge Fund company now holds 73,993 shares of BSX which is valued at $1,733,656. Boston Scientific Corporation makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.

Boston Scientific Corporation closed down -0.2 points or -0.86% at $22.95 with 68,97,460 shares getting traded on Friday. Post opening the session at $23.24, the shares hit an intraday low of $22.93 and an intraday high of $23.3 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Boston Scientific Corporation reported $0.27 EPS for the quarter, based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus estimate of $0.27. The company had revenue of $2126.00 million for the quarter, compared to analysts expectations of $2044.88 million. The company’s revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.

Many Wall Street Analysts have commented on Boston Scientific Corporation. Boston Scientific Corporation was Upgraded by Argus to ” Buy” on Sep 1, 2016. Company shares were Reiterated by Wedbush on Jul 29, 2016 to “Neutral”, Firm has raised the Price Target to $ 25 from a previous price target of $23 .Company shares were Reiterated by Needham on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 28 from a previous price target of $26 .

Boston Scientific Corporation develops manufactures and markets medical devices. The Company offers its products by seven core businesses: Interventional Cardiology which includes Drug-Eluting Coronary Stent Systems Intravascular Imaging devised and Coronary Technology products such as guide wires guide catheters and balloon catheters among others; Peripheral Interventions (PI) which include stents balloon catheters wires peripheral embolization devices and vena cava filters; Cardiac Rhythm Management (CRM) which include implantable devices that monitor the heart and deliver electricity to treat cardiac abnormalities; Electrophysiology (EP) which include steerable RF ablation catheters intracardiac ultrasound catheters diagnostic catheters delivery sheaths and other accessories; Endoscopy which includes Spyglass System WallFlex Colonic Stents Resolution Clip and Expect Aspiration Needle among others; Urology and Women’s Health and Neuromodulation.

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