United Services Automobile Association Lowers Stake in Becton, Dickinson and Company (NYSE:BDX)

United Services Automobile Association reduced its stake in Becton, Dickinson and Company (NYSE:BDX) by 23.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 93,168 shares of the medical instruments supplier’s stock after selling 28,311 shares during the period. United Services Automobile Association’s holdings in Becton, Dickinson and were worth $17,091,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BDX. Wellington Shields & Co. LLC boosted its position in Becton, Dickinson and by 0.3% in the first quarter. Wellington Shields & Co. LLC now owns 2,534 shares of the medical instruments supplier’s stock worth $465,000 after buying an additional 8 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in Becton, Dickinson and by 1.4% in the first quarter. Parkside Financial Bank & Trust now owns 633 shares of the medical instruments supplier’s stock worth $116,000 after buying an additional 9 shares in the last quarter. Northstar Group Inc. boosted its position in Becton, Dickinson and by 0.3% in the first quarter. Northstar Group Inc. now owns 2,985 shares of the medical instruments supplier’s stock worth $550,000 after buying an additional 10 shares in the last quarter. Capital Investment Advisors LLC boosted its position in Becton, Dickinson and by 0.7% in the first quarter. Capital Investment Advisors LLC now owns 2,412 shares of the medical instruments supplier’s stock worth $442,000 after buying an additional 17 shares in the last quarter. Finally, North Star Investment Management Corp. boosted its position in Becton, Dickinson and by 3.4% in the first quarter. North Star Investment Management Corp. now owns 549 shares of the medical instruments supplier’s stock worth $101,000 after buying an additional 18 shares in the last quarter. 75.42% of the stock is currently owned by institutional investors.

Shares of Becton, Dickinson and Company (NYSE:BDX) opened at 202.02 on Thursday. The stock’s 50 day moving average is $194.81 and its 200 day moving average is $184.31. Becton, Dickinson and Company has a 1-year low of $161.29 and a 1-year high of $202.57. The stock has a market capitalization of $43.09 billion, a price-to-earnings ratio of 33.55 and a beta of 1.05.

Becton, Dickinson and (NYSE:BDX) last issued its quarterly earnings results on Tuesday, May 2nd. The medical instruments supplier reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.23 by $0.07. Becton, Dickinson and had a net margin of 10.67% and a return on equity of 25.37%. The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.92 billion. During the same period in the previous year, the business posted $2.18 earnings per share. The business’s revenue was down 3.2% compared to the same quarter last year. On average, equities analysts forecast that Becton, Dickinson and Company will post $9.45 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 9th were paid a dividend of $0.73 per share. The ex-dividend date was Wednesday, June 7th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.45%. Becton, Dickinson and’s dividend payout ratio (DPR) is 48.26%.

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A number of research analysts have recently commented on the company. Royal Bank Of Canada reaffirmed a “hold” rating and set a $177.00 target price on shares of Becton, Dickinson and in a research note on Thursday, April 13th. Jefferies Group LLC reiterated a “buy” rating and issued a $200.00 price target on shares of Becton, Dickinson and in a report on Wednesday, March 29th. Cowen and Company reiterated an “outperform” rating and issued a $230.00 price target (up previously from $200.00) on shares of Becton, Dickinson and in a report on Monday, July 10th. BidaskClub upgraded Becton, Dickinson and from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 11th. Finally, Evercore ISI upgraded Becton, Dickinson and from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $186.00 to $200.00 in a report on Monday, April 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $192.17.

In other news, VP Jeffrey S. Sherman sold 28,765 shares of the business’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $185.98, for a total transaction of $5,349,714.70. Following the transaction, the vice president now directly owns 70,821 shares in the company, valued at $13,171,289.58. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.40% of the company’s stock.

About Becton, Dickinson and

Becton, Dickinson and Company (BD) 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. The Company operates through two segments: BD Medical and BD Life Sciences. The BD Medical segment produces an array of medical technologies and devices that are used to help improve healthcare delivery in a range of settings.

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Institutional Ownership by Quarter for Becton, Dickinson and (NYSE:BDX)




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