Medtronic Plc (NYSE: MDT) Could Achieve Gains In The Near Future

After Hours

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Stocks Info

Medtronic Plc is listed on the NYSE in the Healthcare sector while operating in the Medical Devices industry. The current market capitalization of Medtronic Plc is $116.86B. A total of 4.06 million shares were traded on the day, compared to an average of 6.03M shares.

In the most recent transaction, PARKHILL KAREN L bought 48,825 shares of MDT for 91.74 per share on Oct 18 ’24. In a previous transaction on Oct 17 ’24, PARKHILL KAREN L bought 55,179 shares at 89.87 per share.

Among the insiders who bought shares, PARKHILL KAREN L acquired of 2,668 shares on Aug 26 ’24 at a per-share price of $90.00. In another insider transaction, Martha Geoffrey sold 19,113 shares at $83.77 per share on Jun 07 ’24. Company shares held by the Chairman and CEO now total 143,348.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Medtronic Plc pays an annual dividend of $2.78, resulting in a dividend yield of 3.05%, and it has a price to earnings (P/E) ratio of 30.66. MDT’s most recent ex-dividend date was 9/27/2024 when it declared a $0.70 quarterly dividend that was paid in cash on 10/11/2024. Previously, the company paid the dividend on 7/12/2024 with an ex-dividend date of 6/28/2024. The MDT stock dividend was $0.70 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, MDT has a high of $92.25 and a low of $68.84.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on 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 $37.39, while its Total Shareholder’s Equity was $52.72B.

Analysts Opinion

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. 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 3.62.

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