St. Jude Medical (STJ) : Camber Capital Management added new position in St. Jude Medical during the most recent quarter end. The investment management firm now holds 1,250,000 shares of St. Jude Medical which is valued at $94.7 Million , the company said in a statement filed on May 13, 2016 with the SEC.St. Jude Medical makes up approximately 5.78% of Camber Capital Management’s portfolio.
Other Hedge Funds, Including , Public Sector Pension Investment Board reduced its stake in STJ by selling 26,600 shares or 36.86% in the most recent quarter. The Hedge Fund company now holds 45,567 shares of STJ which is valued at $3.5 Million. St. Jude Medical makes up approx 0.04% of Public Sector Pension Investment Board’s portfolio.Group One Trading reduced its stake in STJ by selling 1,157 shares or 40.78% in the most recent quarter. The Hedge Fund company now holds 1,680 shares of STJ which is valued at $127,243. St. Jude Medical makes up approx 0.01% of Group One Trading’s portfolio.Shell Asset Management Co boosted its stake in STJ in the latest quarter, The investment management firm added 125 additional shares and now holds a total of 14,555 shares of St. Jude Medical which is valued at $1.1 Million. St. Jude Medical makes up approx 0.03% of Shell Asset Management Co’s portfolio.Shinko Asset Management Ltd. reduced its stake in STJ by selling 84 shares or 10.19% in the most recent quarter. The Hedge Fund company now holds 740 shares of STJ which is valued at $56,048.Tokio Marine Asset Management Co Ltd reduced its stake in STJ by selling 380 shares or 4.77% in the most recent quarter. The Hedge Fund company now holds 7,585 shares of STJ which is valued at $569,634. St. Jude Medical makes up approx 0.06% of Tokio Marine Asset Management Co Ltd’s portfolio.
St. Jude Medical opened for trading at $77.04 and hit $77.625 on the upside on Wednesday, eventually ending the session at $77.44, with a gain of 0.56% or 0.43 points. The heightened volatility saw the trading volume jump to 32,82,018 shares. Company has a market cap of $22,014 M.
On the company’s financial health, St. Jude Medical reported $0.90 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $0.88. The company had revenue of $1448.00 million for the quarter, compared to analysts expectations of $1437.78 million. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 EPS.
Investors should note that on May 4, 2016, St. Jude Medical announced a cash dividend of $0.3100. The company’s management has announced Jun 28, 2016 as the ex-dividend date and fixed the record date on Jun 30, 2016. The payable date has been fixed on Jul 29, 2016.
Many Wall Street Analysts have commented on St. Jude Medical. St. Jude Medical was Downgraded by Sun Trust Rbsn Humphrey to ” Neutral” on May 10, 2016. St. Jude Medical was Downgraded by Credit Suisse to ” Neutral” on May 3, 2016. St. Jude Medical was Downgraded by Morgan Stanley to ” Equal-Weight” on May 2, 2016.
St. Jude Medical Inc. develops manufactures and distributes cardiovascular medical devices for the global cardiac rhythm management cardiovascular and atrial fibrillation therapy areas and interventional pain therapy and neurostimulation devices for the management of chronic pain and movement disorders. Its six principal product categories include tachycardia implantable cardioverter defibrillator (ICD) systems bradycardia pacemaker systems atrial fibrillation (AF) products (electrophysiology introducers and catheters advanced cardiac mapping navigation and recording systems and ablation systems) vascular products (vascular closure products pressure measurement guidewires optical coherence tomography (OCT) imaging products heart failure monitoring device and other vascular accessories) structural heart products and neuromodulation products (spinal cord stimulation and radiofrequency ablation to treat chronic pain and deep brain stimulation to treat movement disorders).