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Becton, Dickinson and Company's shares were cut by a major investor, yet its earnings beat expectations.
Becton, Dickinson and Company (BDX) saw its shares reduced by Colonial Trust Advisors by 17.8% in the fourth quarter, according to SEC filings.
Despite this, BDX's earnings per share (EPS) beat estimates, reporting $3.43 compared to the expected $3.00.
The company has a market cap of $57.18 billion and a P/E ratio of 33.08.
Other firms like Coign Capital Advisors and Sterling Capital Management have increased their holdings in BDX, while Scotia Capital Inc. has decreased its stake.
BDX's stock has a 200-day moving average of $230.09 and a beta of 0.35.
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Becton, Dickinson y las acciones de la compañía fueron recortadas por un importante inversor, pero sus ganancias superaron las expectativas.