Marietta Investment Partners adds Boston Scientific Corporation (BSX) to its portfolio

Boston Scientific Corporation (BSX) : Marietta Investment Partners added new position in Boston Scientific Corporation during the most recent quarter end. The investment management firm now holds 301,724 shares of Boston Scientific Corporation which is valued at $7,208,186 , the company said in a statement filed on Aug 12, 2016 with the SEC.Boston Scientific Corporation makes up approximately 2.50% of Marietta Investment Partners’s portfolio.

Other Hedge Funds, Including , Proshare Advisors boosted its stake in BSX in the latest quarter, The investment management firm added 4,028 additional shares and now holds a total of 163,765 shares of Boston Scientific Corporation which is valued at $3,912,346. Boston Scientific Corporation makes up approx 0.05% of Proshare Advisors’s portfolio.Mirae Asset Global Investments Ltd. boosted its stake in BSX in the latest quarter, The investment management firm added 31,721 additional shares and now holds a total of 135,285 shares of Boston Scientific Corporation which is valued at $3,231,959. Boston Scientific Corporation makes up approx 0.08% of Mirae Asset Global Investments Ltd.’s portfolio. Harel Insurance Investments Financial Services Ltd. added BSX to its portfolio by purchasing 1,800 company shares during the most recent quarter which is valued at $42,912.Retirement Systems Of Alabama reduced its stake in BSX by selling 190,797 shares or 6.85% in the most recent quarter. The Hedge Fund company now holds 2,593,104 shares of BSX which is valued at $61,352,841. Boston Scientific Corporation makes up approx 0.35% of Retirement Systems Of Alabama’s portfolio.New York State Teachers Retirement System boosted its stake in BSX in the latest quarter, The investment management firm added 51,700 additional shares and now holds a total of 2,370,943 shares of Boston Scientific Corporation which is valued at $56,712,957. Boston Scientific Corporation makes up approx 0.14% of New York State Teachers Retirement System’s portfolio.

Boston Scientific Corporation opened for trading at $24.03 and hit $24.355 on the upside on Monday, eventually ending the session at $24.3, with a gain of 1.38% or 0.33 points. The heightened volatility saw the trading volume jump to 69,32,297 shares. Company has a market cap of $33,066 M.

On the company’s financial health, Boston Scientific Corporation reported $0.27 EPS for the quarter, based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus estimate of $0.27. The company had revenue of $2126.00 million for the quarter, compared to analysts expectations of $2044.88 million. The company’s revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.

Many Wall Street Analysts have commented on Boston Scientific Corporation. Company shares were Reiterated by Wedbush on Jul 29, 2016 to “Neutral”, Firm has raised the Price Target to $ 25 from a previous price target of $23 .Company shares were Reiterated by Needham on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 28 from a previous price target of $26 .Company shares were Reiterated by The Benchmark Company on Jul 28, 2016 to “Buy”, Firm has raised the Price Target to $ 31 from a previous price target of $25 .

Boston Scientific Corporation develops manufactures and markets medical devices. The Company offers its products by seven core businesses: Interventional Cardiology which includes Drug-Eluting Coronary Stent Systems Intravascular Imaging devised and Coronary Technology products such as guide wires guide catheters and balloon catheters among others; Peripheral Interventions (PI) which include stents balloon catheters wires peripheral embolization devices and vena cava filters; Cardiac Rhythm Management (CRM) which include implantable devices that monitor the heart and deliver electricity to treat cardiac abnormalities; Electrophysiology (EP) which include steerable RF ablation catheters intracardiac ultrasound catheters diagnostic catheters delivery sheaths and other accessories; Endoscopy which includes Spyglass System WallFlex Colonic Stents Resolution Clip and Expect Aspiration Needle among others; Urology and Women’s Health and Neuromodulation.

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