British Airways Pensions Investment Management Ltd decreased its stake in Becton Dickinson and Co. (NYSE:BDX) by 9.6% during the second quarter, Holdings Channel reports. The fund owned 221,620 shares of the company’s stock after selling 23,580 shares during the period. British Airways Pensions Investment Management Ltd’s holdings in Becton Dickinson and were worth $37,734,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in BDX. Iowa State Bank purchased a new stake in Becton Dickinson and during the second quarter valued at $137,000. Nikko Asset Management Americas Inc. purchased a new stake in Becton Dickinson and during the first quarter valued at $168,000. Court Place Advisors LLC purchased a new stake in Becton Dickinson and during the second quarter valued at $200,000. Cottage Street Advisors LLC purchased a new stake in Becton Dickinson and during the second quarter valued at $204,000. Finally, Meeder Asset Management Inc. purchased a new stake in Becton Dickinson and during the first quarter valued at $210,000. 81.96% of the stock is owned by institutional investors and hedge funds.

Shares of Becton Dickinson and Co. (NYSE:BDX) traded up 1.98% on Wednesday, reaching $179.38. The company’s stock had a trading volume of 767,907 shares. Becton Dickinson and Co. has a 12 month low of $128.87 and a 12 month high of $179.62. The stock has a 50 day moving average of $174.96 and a 200-day moving average of $166.51. The firm has a market cap of $38.19 billion, a price-to-earnings ratio of 34.23 and a beta of 0.97.

Becton Dickinson and (NYSE:BDX) last released its quarterly earnings results on Thursday, August 4th. The company reported $2.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.21 by $0.14. Becton Dickinson and had a return on equity of 24.26% and a net margin of 9.24%. The business had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.21 billion. During the same quarter last year, the business posted $2.05 earnings per share. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, analysts anticipate that Becton Dickinson and Co. will post $8.57 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 9th will be paid a dividend of $0.66 per share. The ex-dividend date is Wednesday, September 7th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.47%. Becton Dickinson and’s dividend payout ratio (DPR) is currently 50.19%.

Several analysts recently weighed in on BDX shares. Bank of America Corp. reissued a “buy” rating on shares of Becton Dickinson and in a report on Tuesday, July 12th. Argus reaffirmed a “buy” rating on shares of Becton Dickinson and in a report on Sunday, June 12th. Jefferies Group reaffirmed a “buy” rating on shares of Becton Dickinson and in a report on Friday, August 5th. Zacks Investment Research cut Becton Dickinson and from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. Finally, Evercore ISI cut Becton Dickinson and from a “buy” rating to a “hold” rating in a report on Wednesday, June 1st. Eight analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $169.46.

In other news, insider Linda M. Tharby sold 11,704 shares of the firm’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $177.27, for a total transaction of $2,074,768.08. Following the transaction, the insider now directly owns 22,146 shares of the company’s stock, valued at $3,925,821.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gary M. Cohen sold 29,367 shares of the firm’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $176.81, for a total value of $5,192,379.27. Following the transaction, the insider now directly owns 125,870 shares in the company, valued at $22,255,074.70. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

About Becton Dickinson and

Becton, Dickinson and Company (BD) is a global medical technology company engaged in the development, manufacture and sale of a range of medical devices, instrument systems and reagents used by healthcare institutions, life science researchers, clinical laboratories, the pharmaceutical industry and the general public.

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