Is Medtronic Plc (NYSE: MDT) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

MDT belongs to the Healthcare sector of the NYSE while operating in the Medical Devices industry. At the end of the last regular session, the stock closed at $76.88 and fluctuated between $76.97 as its day high and $75.96 as its day low. The current market capitalization of Medtronic Plc is $98.58B. A total of 5.97 million shares were traded on the day, compared to an average of 6.29M shares.

In the most recent transaction, Martha Geoffrey sold 19,113 shares of MDT for 83.77 per share on Jun 07 ’24. After the transaction, the Chairman and CEO now owns 143,348 company shares. In a previous transaction on Apr 08 ’24, Marinaro Michael sold 854 shares at 83.14 per share. MDT shares that EVP & President, Surgical OU owns now total 27,925.

Among the insiders who sold shares, Salmon Sean disposed of 30,695 shares on Feb 21 ’24 at a per-share price of $85.13. This resulted in the EVP & President Cardiovascular holding 48,289 shares of MDT after the transaction. In another insider transaction, Wall Brett A. sold 4,997 shares at $82.17 per share on Dec 19 ’23. Company shares held by the EVP & Pres Neuroscience now total 28,910.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Medtronic Plc pays an annual dividend of $2.77, resulting in a dividend yield of 3.60%, and it has a price to earnings (P/E) ratio of 27.84. MDT’s most recent ex-dividend date was 6/28/2024 when it declared a $0.70 quarterly dividend that was paid in cash on 7/12/2024. Previously, the company paid the dividend on 4/12/2024 with an ex-dividend date of 3/21/2024. The MDT stock dividend was $0.69 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, MDT has a high of $91.00 and a low of $68.84.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. MDT’s latest balance sheet shows that the firm has $10.57B in Cash & Short Term Investments as of fiscal 2022. There were $24.11B in debt and $12.39B in liabilities at the time. Its Book Value Per Share was $38.29, while its Total Shareholder’s Equity was $52.72B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MDT is Buy with a score of 3.56.

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