NewEdge Wealth LLC Purchases Shares of 30,012 Boston Scientific Corporation $BSX

Key Points

• NewEdge Wealth acquired 30,012 Boston Scientific shares during the second quarter, valued at approximately $1.28 million. Institutional investors collectively own 89.07% of the company.
• Boston Scientific exceeded quarterly expectations, reporting $0.86 EPS on $5.44 billion in revenue, with revenue up 7.5% year over year. Management issued third-quarter EPS guidance of $0.80–$0.82 and full-year guidance of $3.28–$3.32.
• Insiders bought $9.39 million of stock in the past quarter, while the company authorized a $5 billion share-repurchase program. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $71.62.

NewEdge Wealth LLC acquired a new stake in Boston Scientific Corporation (NYSE:BSX - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,012 shares of the medical equipment provider's stock, valued at approximately $1,281,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kelleher Financial Advisors acquired a new position in Boston Scientific in the 2nd quarter worth approximately $25,000. FWL Investment Management LLC purchased a new position in Boston Scientific during the 2nd quarter worth approximately $26,000. Swiss RE Ltd. acquired a new stake in Boston Scientific during the 4th quarter valued at approximately $26,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Boston Scientific in the 4th quarter valued at $26,000. Finally, Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of Boston Scientific in the 1st quarter valued at $28,000. Institutional investors and hedge funds own 89.07% of the company's stock.

Insider Activity

In related news, CEO Michael F. Mahoney purchased 186,240 shares of the business's stock in a transaction that occurred on Monday, August 3rd. The stock was bought at an average price of $48.33 per share, with a total value of $9,000,979.20. Following the acquisition, the chief executive officer owned 1,590,024 shares in the company, valued at $76,845,859.92. The trade was a 13.27% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Edward J. Ludwig acquired 5,000 shares of Boston Scientific stock in a transaction on Friday, July 31st. The shares were bought at an average price of $45.48 per share, with a total value of $227,400.00. Following the completion of the transaction, the director directly owned 30,359 shares of the company's stock, valued at $1,380,727.32. This trade represents a 19.72% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 194,522 shares of company stock worth $9,385,210 in the last quarter. Corporate insiders own 0.34% of the company's stock.

Boston Scientific Price Performance

NYSE:BSX opened at $50.39 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.24 and a debt-to-equity ratio of 0.43. Boston Scientific Corporation has a 52 week low of $42.20 and a 52 week high of $109.50. The stock's 50-day moving average price is $46.34 and its 200-day moving average price is $57.86. The stock has a market capitalization of $73.03 billion, a PE ratio of 20.40, a price-to-earnings-growth ratio of 1.08 and a beta of 0.56.

Boston Scientific (NYSE:BSX - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The medical equipment provider reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.03. The company had revenue of $5.44 billion during the quarter, compared to analysts' expectations of $5.38 billion. Boston Scientific had a return on equity of 19.28% and a net margin of 17.50%.Boston Scientific's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.75 EPS. Boston Scientific has set its Q3 2026 guidance at 0.800-0.820 EPS and its FY 2026 guidance at 3.280-3.320 EPS. As a group, equities analysts expect that Boston Scientific Corporation will post 3.3 EPS for the current fiscal year.

Boston Scientific announced that its board has initiated a stock buyback program on Monday, May 18th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the medical equipment provider to repurchase up to 6.4% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wolfe Research lowered shares of Boston Scientific from an "outperform" rating to a "peer perform" rating in a research note on Friday, May 29th. Barclays lowered their price target on shares of Boston Scientific from $96.00 to $89.00 and set an "overweight" rating on the stock in a report on Thursday, May 28th. Royal Bank Of Canada cut their price target on Boston Scientific from $85.00 to $70.00 and set an "outperform" rating on the stock in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $60.00 price objective on shares of Boston Scientific in a research note on Thursday, July 30th. Finally, Citigroup decreased their price objective on Boston Scientific from $70.00 to $61.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Twenty-four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $71.62.

Boston Scientific Profile

Boston Scientific Corporation NYSE: BSX is a global medical device company that develops, manufactures and markets a broad portfolio of products used in less-invasive medical procedures. Founded in 1979 by John Abele and Peter Nicholas, the company is headquartered in Marlborough, Massachusetts, and focuses on technologies that enable physicians to treat a wide range of cardiovascular, digestive, urologic, pulmonary and chronic pain conditions without open surgery.

Boston Scientific's activities span product development, clinical research, regulatory affairs and commercial sales.

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