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

United Services Automobile Association reduced its stake in shares of Becton, Dickinson and Company (NYSE:BDX) by 23.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of BDX. Wellington Shields & Co. LLC increased its position in shares of 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 during the period. Parkside Financial Bank & Trust increased its position in shares of 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 during the period. Northstar Group Inc. increased its position in shares of 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 during the period. Capital Investment Advisors LLC increased its position in shares of 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 during the period. Finally, North Star Investment Management Corp. increased its position in shares of 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 during the period. Hedge funds and other institutional investors own 75.48% of the company’s stock.

Shares of Becton, Dickinson and Company (NYSE:BDX) traded up 0.15% during mid-day trading on Friday, hitting $201.98. 1,502,867 shares of the company traded hands. Becton, Dickinson and Company has a one year low of $161.29 and a one year high of $206.63. The firm has a 50-day moving average of $197.11 and a 200-day moving average of $185.92. The stock has a market capitalization of $43.08 billion, a price-to-earnings ratio of 33.55 and a beta of 1.05.

Becton, Dickinson and (NYSE:BDX) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter last year, the company posted $2.18 earnings per share. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. On average, equities analysts predict that Becton, Dickinson and Company will post $9.45 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be issued a dividend of $0.73 per share. The ex-dividend date is Thursday, September 7th. This represents a $2.92 dividend on an annualized basis and a yield of 1.45%. Becton, Dickinson and’s dividend payout ratio (DPR) is presently 48.26%.

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BDX has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Becton, Dickinson and from a “hold” rating to a “buy” rating and set a $206.00 price objective for the company in a research report on Tuesday, April 11th. Royal Bank Of Canada reissued a “hold” rating and issued a $177.00 price objective on shares of Becton, Dickinson and in a research report on Thursday, April 13th. Evercore ISI raised shares of Becton, Dickinson and from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $186.00 to $200.00 in a research report on Monday, April 24th. Raymond James Financial, Inc. raised shares of Becton, Dickinson and from an “outperform” rating to a “strong-buy” rating and decreased their price objective for the company from $210.00 to $180.00 in a research report on Friday, June 30th. Finally, Cowen and Company reissued an “outperform” rating and issued a $230.00 price objective (up previously from $200.00) on shares of Becton, Dickinson and in a research report on Monday, July 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $194.69.

In related news, VP Jeffrey S. Sherman sold 28,765 shares of the firm’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 completion of the sale, the vice president now owns 70,821 shares in the company, valued at $13,171,289.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.40% of the company’s stock.

Becton, Dickinson and Company Profile

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.

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




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