Today, 12,676 Shares of C.R. Bard Inc. (BCR) are sold by First Trust Advisors LP

Today, 12,676 Shares of C.R. Bard Inc. (BCR) are sold by First Trust Advisors LP
First Trust Advisors LP lowered its stake in C.R. Bard Inc. (NYSE:BCR) by 12.9% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 85,290 shares of the company’s stock after selling 12,676 shares during the period. First Trust Advisors LP owned approximately 0.12% of C.R. Bard worth $19,129,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BCR. Mutual of America Capital Management LLC boosted its position in C.R. Bard by 0.5% in the third quarter. Mutual of America Capital Management LLC now owns 10,761 shares of the company’s stock valued at $2,413,000 after buying an additional 50 shares in the last quarter. Glenview State Bank Trust DEPT. raised its stake in C.R. Bard by 6.0% in the third quarter. Glenview State Bank Trust DEPT. now owns 7,645 shares of the company’s stock valued at $1,715,000 after buying an additional 431 shares during the last quarter. Valley National Advisers Inc. raised its stake in C.R. Bard by 17.2% in the third quarter. Valley National Advisers Inc. now owns 19,553 shares of the company’s stock valued at $4,385,000 after buying an additional 2,866 shares during the last quarter. Willingdon Wealth Management raised its stake in C.R. Bard by 0.5% in the third quarter. Willingdon Wealth Management now owns 8,651 shares of the company’s stock valued at $1,940,000 after buying an additional 46 shares during the last quarter. Finally, Mizuho Trust & Banking Co. Ltd. raised its stake in C.R. Bard by 7.2% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 129,014 shares of the company’s stock valued at $28,935,000 after buying an additional 8,650 shares during the last quarter. 88.17% of the stock is owned by institutional investors.

Shares of C.R. Bard Inc. (NYSE:BCR) opened at 212.61 on Friday. The company’s 50-day moving average price is $216.77 and its 200-day moving average price is $222.47. The firm has a market cap of $15.63 billion, a P/E ratio of 32.11 and a beta of 0.67. C.R. Bard Inc. has a 12 month low of $172.21 and a 12 month high of $239.43.

C.R. Bard (NYSE:BCR) last released its quarterly earnings results on Tuesday, October 25th. The company reported $2.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.09. The business earned $941.90 million during the quarter, compared to the consensus estimate of $931.66 million. C.R. Bard had a return on equity of 48.13% and a net margin of 14.05%. The company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.28 EPS. On average, analysts predict that C.R. Bard Inc. will post $10.26 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 4th. Stockholders of record on Monday, October 24th were paid a $0.26 dividend. The ex-dividend date of this dividend was Thursday, October 20th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.49%. C.R. Bard’s payout ratio is presently 15.48%.

Several analysts recently issued reports on the company. Evercore ISI assumed coverage on C.R. Bard in a report on Thursday, September 15th. They set a “buy” rating and a $235.00 target price on the stock. Jefferies Group reiterated a “hold” rating and set a $237.00 target price on shares of C.R. Bard in a report on Tuesday, September 27th. Zacks Investment Research lowered C.R. Bard from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. BMO Capital Markets upgraded C.R. Bard from a “market perform” rating to an “outperform” rating and set a $240.00 target price on the stock in a report on Wednesday, October 26th. They noted that the move was a valuation call. Finally, Wells Fargo & Co. upgraded C.R. Bard from a “market perform” rating to an “outperform” rating in a report on Friday, September 16th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. C.R. Bard has an average rating of “Hold” and an average target price of $233.07.

In other news, Chairman Timothy M. Ring sold 110,000 shares of the business’s stock in a transaction that occurred on Monday, September 26th. The stock was sold at an average price of $228.96, for a total value of $25,185,600.00. Following the transaction, the chairman now owns 96,030 shares in the company, valued at approximately $21,987,028.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Christopher S. Holland sold 5,724 shares of the business’s stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $211.12, for a total value of $1,208,450.88. The disclosure for this sale can be found here. 0.97% of the stock is owned by insiders.

C.R. Bard Company Profile

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