Timothy A. Pratt Sells 11,061 Shares of Boston Scientific Corporation (BSX) Stock
Boston Scientific Corporation (NYSE:BSX) EVP Timothy A. Pratt sold 11,061 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $29.24, for a total transaction of $323,423.64. Following the sale, the executive vice president now owns 174,681 shares of the company’s stock, valued at approximately $5,107,672.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Boston Scientific Corporation (NYSE:BSX) opened at 29.02 on Wednesday. Boston Scientific Corporation has a 1-year low of $19.67 and a 1-year high of $29.50. The company’s 50-day moving average price is $28.06 and its 200 day moving average price is $26.92. The company has a market cap of $39.82 billion, a price-to-earnings ratio of 51.91 and a beta of 1.09.
Boston Scientific Corporation (NYSE:BSX) last posted its quarterly earnings results on Thursday, July 27th. The medical equipment provider reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.01. Boston Scientific Corporation had a return on equity of 23.62% and a net margin of 9.04%. The company had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same period in the previous year, the firm earned $0.27 EPS. The firm’s revenue was up 6.2% compared to the same quarter last year. On average, analysts predict that Boston Scientific Corporation will post $1.26 earnings per share for the current fiscal year.
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BSX has been the subject of a number of recent research reports. Needham & Company LLC reissued a “buy” rating and issued a $32.00 target price on shares of Boston Scientific Corporation in a research report on Tuesday. SunTrust Banks, Inc. restated a “buy” rating and issued a $34.00 target price on shares of Boston Scientific Corporation in a research note on Monday. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Boston Scientific Corporation in a research report on Wednesday, August 9th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $31.00 price target (up previously from $27.00) on shares of Boston Scientific Corporation in a research report on Wednesday, June 28th. Finally, Cowen and Company reiterated a “buy” rating and set a $32.00 price target (up previously from $31.00) on shares of Boston Scientific Corporation in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $30.12.
Several institutional investors have recently added to or reduced their stakes in BSX. Guardian Life Insurance Co. of America lifted its holdings in shares of Boston Scientific Corporation by 0.9% in the first quarter. Guardian Life Insurance Co. of America now owns 5,266 shares of the medical equipment provider’s stock worth $131,000 after buying an additional 49 shares in the last quarter. Acrospire Investment Management LLC boosted its position in shares of Boston Scientific Corporation by 157.3% during the second quarter. Acrospire Investment Management LLC now owns 5,071 shares of the medical equipment provider’s stock worth $141,000 after acquiring an additional 3,100 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in shares of Boston Scientific Corporation by 14.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,761 shares of the medical equipment provider’s stock worth $160,000 after acquiring an additional 720 shares during the last quarter. San Francisco Sentry Investment Group CA bought a new position in shares of Boston Scientific Corporation during the second quarter worth $191,000. Finally, Peddock Capital Advisors LLC purchased a new position in Boston Scientific Corporation during the second quarter valued at $201,000. Hedge funds and other institutional investors own 90.44% of the company’s stock.
Boston Scientific Corporation Company Profile
Boston Scientific Corporation is a developer, manufacturer and marketer of medical devices that are used in a range of interventional medical specialties. The Company offers its products by seven businesses: Interventional Cardiology, Cardiac Rhythm Management, Endoscopy, Peripheral Interventions, Urology and Pelvic Health, Neuromodulation, and Electrophysiology.
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