Is Medtronic Plc (NYSE: MDT) Still On The Rise?

After Hours

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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 $79.08 and fluctuated between $79.85 as its day high and $78.95 as its day low. The current market capitalization of Medtronic Plc is $105.00B. A total of 5.59 million shares were traded on the day, compared to an average of 6.40M shares.

In the most recent transaction, Marinaro Michael sold 854 shares of MDT for 83.14 per share on Apr 08 ’24. After the transaction, the EVP & President, Surgical OU now owns 27,925 company shares. In a previous transaction on Feb 21 ’24, Salmon Sean sold 30,695 shares at 85.13 per share. MDT shares that EVP & President Cardiovascular owns now total 48,289.

Among the insiders who sold shares, Wall Brett A. disposed of 4,997 shares on Dec 19 ’23 at a per-share price of $82.17. This resulted in the EVP & Pres Neuroscience holding 28,910 shares of MDT after the transaction. In another insider transaction, Smith Gregory L sold 10,000 shares at $83.84 per share on Aug 23 ’23. Company shares held by the EVP Global Ops & Supply Chain now total 46,723.

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 $2.76, resulting in a dividend yield of 3.49%, and it has a price to earnings (P/E) ratio of 25.08. MDT’s most recent ex-dividend date was 3/21/2024 when it declared a $0.69 quarterly dividend that was paid in cash on 4/12/2024. Previously, the company paid the dividend on 1/12/2024 with an ex-dividend date of 12/19/2023. 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. 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 $MongoDB, Inc. per share for the current quarter. EPS was calculated based on a consensus of Medtronic plc. estimates, with a high estimate of $Arcelor Mittal NY Registry Shar per share and a lower estimate of $MetLife, Inc..

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.

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