C.R. Bard, Inc. Common Stock (NYSE:BCR) has been the object of insider selling activity recently. Timothy M. Ring, Chairman disclosed the sale of 110,000 shares of BCR stock. The shares sold for $228.90. Ring now owns $21,981,272 of the stock according to the SEC filing. Yesterday VP Betty D. Larson disclosed the sale of 4,032 shares. The shares were sold on September 19th for an average price of $225.66. The VP now owns $1,413,986 of the stock per the Form 4 SEC filing.
Today Samrat S. Khichi, Sr. VP, Gen Counsel & Secy. disclosed the sale of 9,183 shares of (BCR). The shares were purchased at an average price of $221.21. The Sr. VP, Gen Counsel & Secy. now owns $2,840,385 of the stock per the Form 4 SEC filing.
Here are a few additional firms who have increased or decreased their stake in (BCR). Evercore Wealth Management, LLC cut its holdings by selling 454 shares a decrease of 53.2% from 03/31/2016 to 06/30/2016. Evercore Wealth Management, LLC owns 400 shares with a value of $94,000. The value of the position overall is down by 45.7%. As of the end of the quarter BNP Paribas Investment Partners S.A. had acquired a total of 14,299 shares growing its stake by 135.3%. The value of the total investment in C.R. Bard, Inc. Common Stock increased from $2,002,000 to $5,848,000 a change of $3,846,000 for the reporting period.
Twin Tree Management, Lp reduced its position by shedding 10,098 shares a decrease of 80.8% in the quarter. Twin Tree Management, Lp controls 2,402 shares valued at $455,000. The total value of its holdings decreased 74.5%. Kames Capital Plc augmented its investment by buying 1,046 shares an increase of 9.4%. Kames Capital Plc currently owns 12,125 shares worth $2,851,000. The value of the position overall is up by 27.0%.
On September 16 the company was set at “Outperform” by Wells Fargo a boost from the previous “Market Perform” rating. On September 15, 2016 Evercore ISI Group began coverage of BCR with a rating of “Buy” and setting a price target of $235.00.
On July 27 JP Morgan left the stock rating at “Equalweight” but raised the price expectation to $235.00 from $178.00. July 27 investment analysts at Jefferies maintained a stock rating of “Equalweight” but moved up the price target from $170.00 to $235.00.
On July 27 Citigroup made no change to the stock rating of “Equalweight” and raised the price target from $220.00 to $235.00. On July 8, 2016 the stock rating was rated “Neutral” according to a Bank of America report down from the previous “Buy” rating.
In the market the company is trading up from yesterday’s close of $227.89. C.R. Bard, Inc. Common Stock also declared a dividend for shareholders that was paid on Friday the 29th of July 2016. The dividend was $0.260 per share for the quarter or $1.04 on an annualized basis. The dividend yield was $0.45. The ex-dividend date was Thursday the 14th of July 2016.
Company chares are trading at $228.59 a bit higher than $221.10, the 50 day moving average and slightly over the 200 day moving average of $218.62. The 50 day moving average went up by +3.39% whereas the 200 day average was up by +4.56%.
The company currently has a P/E ratio of 53.16 and the market cap of the company is 16.79B. In the latest earnings report the EPS was $4.30 and is expected to be $10.17 for the current year with 73,454,000 shares presently outstanding. Next quarter’s EPS is expected be $2.74 with next year’s EPS anticipated to be $11.33.