Medtronic Plc (NYSE: MDT) is -0.05% lower on its value in year-to-date trading and has touched a low of $75.96 and a high of $92.68 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MDT stock was last observed hovering at around $80.95 in the last trading session, with the day’s loss setting it -1.11%.
Currently trading at $79.84, the stock is -1.99% and -6.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.89 million and changing -1.37% at the moment leaves the stock -5.16% off its SMA200. MDT registered -4.87% loss for a year compared to 6-month gain of 3.90%. The firm has a 50-day simple moving average (SMA 50) of $85.4118 and a 200-day simple moving average (SMA200) of $84.2087.
The stock witnessed a -6.42% loss in the last 1 month and extending the period to 3 months gives it a -9.54%, and is -1.11% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.32% over the week and 1.34% over the month.
Medtronic Plc (MDT) has around 95000 employees, a market worth around $103.31B and $33.00B in sales. Current P/E ratio is 24.37 and Fwd P/E is 13.67. Profit margin for the company is 13.00%. Distance from 52-week low is 5.11% and -13.85% from its 52-week high. The company has generated returns on investments over the last 12 months (5.87%).
The EPS is expected to grow by 4.84% this year.
Medtronic Plc (MDT) Top Institutional Holders
2771.0 institutions hold shares in Medtronic Plc (MDT), with institutional investors hold 85.64% of the company’s shares. The shares outstanding are 1.28B, and float is at 1.28B with Short Float at 0.88%. Institutions hold 85.42% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 126.61 million shares valued at $9.97 billion. The investor’s holdings represent 9.5358% of the MDT Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 111.89 million shares valued at $$8.81 billion to account for 8.4275 of the shares outstanding. The other top investors are STATE STREET CORP which holds 60.21 million shares representing 4.535% and valued at over $4.78 billion, while CAPITAL RESEARCH GLOBAL INVESTORS holds 2.39 of the shares totaling 31.73 million with a market value of $2.5 billion.
Medtronic Plc (MDT) Insider Activity
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Still, SEC filings show that on Oct 29 ’24, PARKHILL KAREN L (Former BOD) Proposed Sale 15,000 shares at an average price of $91.16 for $1.37 million. The insider now directly holds shares of Medtronic Plc (MDT).
