Zimmer Biomet Holdings, Inc. (ZBH) Stake Increased by Heritage Investors Management Corp

Heritage Investors Management Corp grew its stake in shares of Zimmer Biomet Holdings, Inc. (NYSE:ZBH) by 5.8% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 117,806 shares of the medical equipment provider’s stock after acquiring an additional 6,510 shares during the quarter. Heritage Investors Management Corp owned about 0.06% of Zimmer Biomet Holdings worth $13,794,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Enterprise Financial Services Corp raised its holdings in shares of Zimmer Biomet Holdings by 0.3% during the 2nd quarter. Enterprise Financial Services Corp now owns 2,646 shares of the medical equipment provider’s stock worth $340,000 after buying an additional 9 shares in the last quarter. Cleararc Capital Inc. raised its holdings in shares of Zimmer Biomet Holdings by 0.5% during the 1st quarter. Cleararc Capital Inc. now owns 4,897 shares of the medical equipment provider’s stock worth $598,000 after buying an additional 25 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Zimmer Biomet Holdings by 3.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 872 shares of the medical equipment provider’s stock worth $112,000 after buying an additional 33 shares in the last quarter. CWA Asset Management Group LLC raised its holdings in shares of Zimmer Biomet Holdings by 1.8% during the 2nd quarter. CWA Asset Management Group LLC now owns 1,952 shares of the medical equipment provider’s stock worth $251,000 after buying an additional 34 shares in the last quarter. Finally, Advisory Services Network LLC raised its holdings in shares of Zimmer Biomet Holdings by 1.0% during the 2nd quarter. Advisory Services Network LLC now owns 3,690 shares of the medical equipment provider’s stock worth $474,000 after buying an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 85.26% of the company’s stock.

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Zimmer Biomet Holdings, Inc. (ZBH) traded down 5.20% during midday trading on Wednesday, hitting $115.29. The company’s stock had a trading volume of 1,877,759 shares. Zimmer Biomet Holdings, Inc. has a 52-week low of $95.63 and a 52-week high of $133.49. The stock has a 50 day moving average of $118.31 and a 200 day moving average of $120.47. The company has a market cap of $23.31 billion, a PE ratio of 32.84 and a beta of 1.19.

Zimmer Biomet Holdings (NYSE:ZBH) last released its quarterly earnings data on Monday, October 30th. The medical equipment provider reported $1.72 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.74 by ($0.02). The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Zimmer Biomet Holdings had a return on equity of 16.70% and a net margin of 9.12%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.79 EPS. On average, equities analysts expect that Zimmer Biomet Holdings, Inc. will post $8.23 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, September 22nd were issued a $0.24 dividend. The ex-dividend date was Thursday, September 21st. This represents a $0.96 annualized dividend and a dividend yield of 0.79%. Zimmer Biomet Holdings’s dividend payout ratio is currently 27.59%.

ZBH has been the subject of a number of research analyst reports. Canaccord Genuity reissued a “buy” rating and set a $141.00 price target on shares of Zimmer Biomet Holdings in a report on Friday, July 14th. Guggenheim raised Zimmer Biomet Holdings from a “neutral” rating to a “buy” rating and set a $157.00 price target for the company in a report on Wednesday, July 12th. BMO Capital Markets reissued a “buy” rating and set a $136.00 price target on shares of Zimmer Biomet Holdings in a report on Tuesday, July 11th. Bank of America Corporation reissued a “buy” rating and set a $158.00 price target on shares of Zimmer Biomet Holdings in a report on Friday, July 14th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $141.00 price target on shares of Zimmer Biomet Holdings in a report on Friday, July 14th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Zimmer Biomet Holdings currently has a consensus rating of “Hold” and a consensus price target of $136.55.

Zimmer Biomet Holdings Profile

Zimmer Biomet Holdings, Inc is engaged in designing, manufacturing and marketing of orthopedic reconstructive products; sports medicine, biologics, extremities and trauma products; office-based technologies; spine, craniomaxillofacial and thoracic products; dental implants, and related surgical products.

Institutional Ownership by Quarter for Zimmer Biomet Holdings (NYSE:ZBH)

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