First Citizens Bank & Trust Co. decreased its position in shares of Quest Diagnostics Inc (NYSE:DGX) by 14.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,611 shares of the medical research company’s stock after selling 3,009 shares during the period. First Citizens Bank & Trust Co.’s holdings in Quest Diagnostics were worth $1,735,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. WFG Advisors LP increased its position in Quest Diagnostics by 45.3% during the second quarter. WFG Advisors LP now owns 966 shares of the medical research company’s stock valued at $107,000 after acquiring an additional 301 shares during the last quarter. Sun Life Financial INC increased its position in Quest Diagnostics by 14,142.9% during the second quarter. Sun Life Financial INC now owns 997 shares of the medical research company’s stock valued at $111,000 after acquiring an additional 990 shares during the last quarter. Acrospire Investment Management LLC increased its position in Quest Diagnostics by 300.0% during the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the medical research company’s stock valued at $178,000 after acquiring an additional 1,200 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in Quest Diagnostics during the second quarter valued at $180,000. Finally, Parametrica Management Ltd bought a new position in Quest Diagnostics during the third quarter valued at $206,000. Institutional investors and hedge funds own 88.84% of the company’s stock.

In related news, EVP J. E. Davis sold 63,880 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $98.68, for a total value of $6,303,678.40. Following the completion of the sale, the executive vice president now directly owns 101,423 shares of the company’s stock, valued at $10,008,421.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.75% of the stock is owned by corporate insiders.

DGX has been the topic of a number of analyst reports. Raymond James Financial reiterated a “market perform” rating on shares of Quest Diagnostics in a research report on Monday, September 25th. Goldman Sachs Group lowered shares of Quest Diagnostics from a “conviction-buy” rating to a “buy” rating and lowered their target price for the company from $121.00 to $113.00 in a research note on Tuesday, October 10th. Canaccord Genuity reissued a “buy” rating and set a $118.00 target price on shares of Quest Diagnostics in a research note on Wednesday, September 13th. Zacks Investment Research lowered shares of Quest Diagnostics from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Finally, Citigroup lowered their target price on shares of Quest Diagnostics from $110.00 to $98.00 and set a “neutral” rating for the company in a research note on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $106.20.

Shares of Quest Diagnostics Inc (NYSE:DGX) opened at $100.37 on Thursday. Quest Diagnostics Inc has a one year low of $90.10 and a one year high of $112.96. The firm has a market cap of $13,680.00, a PE ratio of 20.91, a P/E/G ratio of 2.05 and a beta of 0.60. The company has a quick ratio of 1.37, a current ratio of 1.47 and a debt-to-equity ratio of 0.78.

Quest Diagnostics (NYSE:DGX) last released its quarterly earnings data on Thursday, October 19th. The medical research company reported $1.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.04. Quest Diagnostics had a net margin of 8.82% and a return on equity of 15.53%. The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same period in the prior year, the firm earned $1.37 earnings per share. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. analysts anticipate that Quest Diagnostics Inc will post 5.65 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Tuesday, January 9th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Monday, January 8th. Quest Diagnostics’s dividend payout ratio (DPR) is presently 37.50%.

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About Quest Diagnostics

Quest Diagnostics Incorporated is a provider of diagnostic information services. The Company operates through two businesses: Diagnostic Information Services and Diagnostic Solutions. The Diagnostic Information Services business develops and delivers diagnostic testing information and services, providing insights that empower and enable a range of customers, including patients, clinicians, hospitals, integrated delivery networks (IDNs), health plans, employers and accountable care organizations (ACOs).

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Institutional Ownership by Quarter for Quest Diagnostics (NYSE:DGX)

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