After Hours
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Most recently, Yahoo Finance reported about the stock as it publicized that Upfront Tuition Coverage Is a Game-Changer for Medtronic Employees.
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Stocks Info
This NYSE-listed company operates within the Medical Devices industry segment, falling under the Healthcare sector. At the end of the last regular session, the stock closed at $85.06 and fluctuated between $85.87 as its day high and $84.48 as its day low. The current market capitalization of Medtronic Plc is $113.10B. A total of 9.33 million shares were traded on the day, compared to an average of 6.05M shares.
Insider Activity
Insider trades can also provide insight into a stock’s future direction. During the recent three months, MDT has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 31 BUYs and 26 SELLs from insiders. Insiders purchased 207,332 shares during that period but sold 75,357.
In the most recent transaction, Wall Brett A. sold 4,997 shares of MDT for 82.17 per share on Dec 19. After the transaction, the EVP & Pres Neuroscience now owns 28,910 company shares. In a previous transaction on Aug 23, Smith Gregory L sold 10,000 shares at 83.84 per share. MDT shares that EVP Global Ops & Supply Chain owns now total 46,723.
Among the insiders who sold shares, Wall Brett A. disposed of 1,000 shares on Aug 14 at a per-share price of $83.38. This resulted in the EVP & Pres Neuroscience holding 33,573 shares of MDT after the transaction. In another insider transaction, Marinaro Michael sold 1,352 shares at $84.11 per share on Aug 04. Company shares held by the EVP & President, Surgical OU now total 28,930.
Dividend
The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Medtronic Plc pays an annual dividend of $2.75, resulting in a dividend yield of 3.23%, and it has a price to earnings (P/E) ratio of 27.00. MDT’s most recent ex-dividend date was 12/19/2023 when it declared a $0.69 quarterly dividend that was paid in cash on 1/12/2024. Previously, the company paid the dividend on 10/13/2023 with an ex-dividend date of 9/21/2023. The MDT stock dividend was $0.69 per share in cash.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for MDT in the last 3 months, the mean price target is $92.99 with high estimates of $104.00 and low estimates of $75.00. In terms of 52-week highs and lows, MDT has a high of $92.02 and a low of $68.84.
As of this writing, MDT has an earnings estimate of $1.45 per share for the current quarter. EPS was calculated based on a consensus of 27 estimates, with a high estimate of $1.48 per share and a lower estimate of $1.44. The company reported an EPS of $1.25 in the last quarter, which was 5.90% higher than expectations of $1.18.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. MDT’s latest balance sheet shows that the firm has $10.57B in Cash & Short Term Investments as of fiscal 2022. There were $24.11B in debt and $12.39B in liabilities at the time. Its Book Value Per Share was $38.95, while its Total Shareholder’s Equity was $52.72B.
Analysts Opinion
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MDT is Buy with a score of 3.76.
