Everett Harris & Co. CA Has $6.44 Million Stake in Edwards Lifesciences Corporation (EW)
Everett Harris & Co. CA decreased its position in Edwards Lifesciences Corporation (NYSE:EW) by 0.4% during the second quarter, Holdings Channel reports. The institutional investor owned 54,478 shares of the medical research company’s stock after selling 240 shares during the period. Everett Harris & Co. CA’s holdings in Edwards Lifesciences Corporation were worth $6,441,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in EW. YorkBridge Wealth Partners LLC acquired a new position in shares of Edwards Lifesciences Corporation during the first quarter worth about $110,000. NEXT Financial Group Inc increased its position in shares of Edwards Lifesciences Corporation by 91.7% in the first quarter. NEXT Financial Group Inc now owns 1,045 shares of the medical research company’s stock worth $115,000 after buying an additional 500 shares during the period. Shine Investment Advisory Services Inc. acquired a new position in shares of Edwards Lifesciences Corporation during the second quarter worth about $126,000. Cornerstone Advisors Inc. increased its position in shares of Edwards Lifesciences Corporation by 25.1% in the second quarter. Cornerstone Advisors Inc. now owns 1,092 shares of the medical research company’s stock worth $129,000 after buying an additional 219 shares during the period. Finally, Alexandria Capital LLC increased its position in shares of Edwards Lifesciences Corporation by 1.7% in the second quarter. Alexandria Capital LLC now owns 1,146 shares of the medical research company’s stock worth $136,000 after buying an additional 19 shares during the period. 84.67% of the stock is owned by institutional investors and hedge funds.
Edwards Lifesciences Corporation (NYSE EW) opened at 115.57 on Thursday. Edwards Lifesciences Corporation has a 52-week low of $81.12 and a 52-week high of $121.75. The stock has a market cap of $24.40 billion, a PE ratio of 35.05 and a beta of 0.63. The firm has a 50-day moving average price of $116.68 and a 200 day moving average price of $105.85.
Edwards Lifesciences Corporation (NYSE:EW) last posted its quarterly earnings data on Wednesday, July 26th. The medical research company reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.20. Edwards Lifesciences Corporation had a return on equity of 27.17% and a net margin of 22.16%. The company had revenue of $842 million for the quarter, compared to the consensus estimate of $839.16 million. During the same quarter in the previous year, the business earned $0.76 EPS. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. Equities analysts anticipate that Edwards Lifesciences Corporation will post $3.78 earnings per share for the current year.
A number of equities analysts recently issued reports on EW shares. Vetr downgraded Edwards Lifesciences Corporation from a “strong-buy” rating to a “buy” rating and set a $124.67 price target for the company. in a report on Monday, May 15th. Zacks Investment Research upgraded Edwards Lifesciences Corporation from a “hold” rating to a “buy” rating and set a $125.00 price objective for the company in a research note on Monday, May 22nd. Goldman Sachs Group, Inc. (The) initiated coverage on Edwards Lifesciences Corporation in a research note on Tuesday, May 16th. They issued a “conviction-buy” rating and a $138.00 price objective for the company. Canaccord Genuity reiterated a “buy” rating and issued a $150.00 price objective on shares of Edwards Lifesciences Corporation in a research note on Wednesday, June 28th. Finally, Barclays PLC boosted their price objective on Edwards Lifesciences Corporation from $108.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, July 27th. Five investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $121.13.
In other news, VP Donald E. Bobo, Jr. sold 25,000 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $116.00, for a total transaction of $2,900,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael A. Mussallem sold 32,900 shares of the business’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $118.05, for a total value of $3,883,845.00. The disclosure for this sale can be found here. Insiders sold a total of 171,912 shares of company stock worth $19,892,370 in the last three months. Company insiders own 2.13% of the company’s stock.
Edwards Lifesciences Corporation Company Profile
Edwards Lifesciences Corporation is a manufacturer of heart valve systems and repair products used to replace or repair a patient’s diseased or defective heart valve. The Company is engaged in patient-focused innovations for structural heart disease and critical care monitoring. Its segments include United States, Europe, Japan and Rest of World.
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