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Medtronic beat earnings estimates but saw its stock fall to $88.14 with a "Hold" rating.
Medtronic's stock fell 0.8% to $88.14 on Thursday, with a "Hold" rating and $96.07 price target.
The company beat earnings estimates with $1.39 EPS and $8.29 billion in revenue.
Medtronic's market cap is $106.28 billion, and it has a 3.38% dividend yield, with a $0.70 quarterly dividend on April 11th.
Institutional investor PAX Financial Group LLC increased its holdings by 3.5% in the fourth quarter, while Russell Investments Group Ltd. boosted its stake by 5.4%.
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Medtronic superó las estimaciones de ingresos, pero vio su stock caer a $ 88.14 con una calificación de "Retención".