Callahan Advisors buys $6,615,453 stake in Stryker Corporation (SYK)

Stryker Corporation (SYK) : Callahan Advisors scooped up 4,044 additional shares in Stryker Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 58,209 shares of Stryker Corporation which is valued at $6,615,453.Stryker Corporation makes up approximately 1.68% of Callahan Advisors’s portfolio.

Other Hedge Funds, Including , Stock Yards Bank Trust Co sold out all of its stake in SYK during the most recent quarter. The investment firm sold 2,639 shares of SYK which is valued $299,922.Cohen Capital Management boosted its stake in SYK in the latest quarter, The investment management firm added 700 additional shares and now holds a total of 92,400 shares of Stryker Corporation which is valued at $10,494,792. Stryker Corporation makes up approx 3.15% of Cohen Capital Management’s portfolio.Msi Financial Services Inc boosted its stake in SYK in the latest quarter, The investment management firm added 556 additional shares and now holds a total of 11,184 shares of Stryker Corporation which is valued at $1,270,279. Stryker Corporation makes up approx 0.04% of Msi Financial Services Inc’s portfolio.Marshwinds Advisory Co reduced its stake in SYK by selling 100 shares or 0.67% in the most recent quarter. The Hedge Fund company now holds 14,850 shares of SYK which is valued at $1,686,663. Stryker Corporation makes up approx 0.84% of Marshwinds Advisory Co’s portfolio.

Stryker Corporation opened for trading at $116.18 and hit $116.18 on the upside on Friday, eventually ending the session at $113.65, with a gain of 0.06% or 0.07 points. The heightened volatility saw the trading volume jump to 12,53,605 shares. Company has a market cap of $42,539 M.

On the company’s financial health, Stryker Corporation reported $1.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $1.20. The company had revenue of $2495.00 million for the quarter, compared to analysts expectations of $2471.86 million. The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.11 EPS.

Many Wall Street Analysts have commented on Stryker Corporation. Stryker Corporation was Initiated by SunTrust to “Buy” on Oct 14, 2016.

Stryker Corporation is a medical technology company. The Company offers a range of products and services in Orthopaedics Medical and Surgical and Neurotechnology and Spine which help improve patient and hospital outcomes.

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