Michael P. Phalen Sells 15,500 Shares of Boston Scientific Corporation (BSX) Stock
Boston Scientific Corporation (NYSE:BSX) EVP Michael P. Phalen sold 15,500 shares of the stock in a transaction on Friday, September 29th. The stock was sold at an average price of $28.72, for a total transaction of $445,160.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Michael P. Phalen also recently made the following trade(s):
- On Tuesday, August 29th, Michael P. Phalen sold 15,500 shares of Boston Scientific Corporation stock. The shares were sold at an average price of $26.87, for a total transaction of $416,485.00.
- On Monday, July 31st, Michael P. Phalen sold 15,500 shares of Boston Scientific Corporation stock. The stock was sold at an average price of $27.13, for a total transaction of $420,515.00.
Boston Scientific Corporation (NYSE:BSX) opened at 29.02 on Wednesday. Boston Scientific Corporation has a 12 month low of $19.67 and a 12 month high of $29.50. The stock’s 50 day moving average is $28.06 and its 200 day moving average is $26.92. The company has a market cap of $39.82 billion, a PE ratio of 51.91 and a beta of 1.09.
Boston Scientific Corporation (NYSE:BSX) last posted its quarterly earnings data on Thursday, July 27th. The medical equipment provider reported $0.32 earnings per share for the quarter, beating the 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 during the quarter, compared to analysts’ expectations of $2.21 billion. Boston Scientific Corporation’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.27 earnings per share. Equities analysts predict that Boston Scientific Corporation will post $1.26 earnings per share for the current year.
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A number of large investors have recently added to or reduced their stakes in the stock. UBS Asset Management Americas Inc. grew its position in Boston Scientific Corporation by 9.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 3,435,806 shares of the medical equipment provider’s stock worth $85,448,000 after purchasing an additional 286,705 shares during the last quarter. Baird Financial Group Inc. bought a new position in shares of Boston Scientific Corporation during the 1st quarter worth about $293,000. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Boston Scientific Corporation by 12.0% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 43,318 shares of the medical equipment provider’s stock worth $1,077,000 after purchasing an additional 4,657 shares during the period. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Boston Scientific Corporation during the 1st quarter worth about $215,000. Finally, Schroder Investment Management Group increased its holdings in shares of Boston Scientific Corporation by 17.6% during the 1st quarter. Schroder Investment Management Group now owns 266,557 shares of the medical equipment provider’s stock worth $6,517,000 after purchasing an additional 39,931 shares during the period. Hedge funds and other institutional investors own 90.44% of the company’s stock.
BSX has been the subject of several recent research reports. Stifel Nicolaus reiterated a “buy” rating and issued a $32.00 price target on shares of Boston Scientific Corporation in a report on Sunday, July 30th. J P Morgan Chase & Co restated an “overweight” rating and set a $31.00 price objective (up previously from $27.00) on shares of Boston Scientific Corporation in a research note on Wednesday, June 28th. Jefferies Group LLC restated a “hold” rating on shares of Boston Scientific Corporation in a research note on Thursday, September 7th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $31.00 target price on shares of Boston Scientific Corporation in a research report on Friday, September 1st. Finally, BidaskClub downgraded Boston Scientific Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $30.12.
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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