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Medtronic's earnings beat forecasts, with a modest stock position adjustment by key investors.
Institutional investor SPC Financial Inc. reduced its Medtronic PLC stock position by 2.8% in the first quarter, while Klein Pavlis & Peasley Financial Inc. increased its holdings by 28.2%.
Medtronic reported earnings per share of $1.62, exceeding analysts' expectations by $0.04, with a 3.9% year-over-year revenue increase to $8.93 billion.
The stock has a "Moderate Buy" consensus rating and a $98.19 target price.
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Las ganancias de Medtronic superaron las previsiones, con un modesto ajuste de la posición de las acciones por los inversores clave.