Quest Diagnostics Incorporated (NYSE:DGX) Director Jeffrey M. Leiden sold 1,304 shares of Quest Diagnostics stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $108.73, for a total value of $141,783.92. Following the completion of the transaction, the director now owns 6,296 shares of the company’s stock, valued at approximately $684,564.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Quest Diagnostics Incorporated (NYSE DGX) opened at 104.87 on Friday. The firm has a market capitalization of $14.30 billion, a PE ratio of 21.13 and a beta of 0.69. The firm has a 50-day moving average price of $108.23 and a 200-day moving average price of $103.54. Quest Diagnostics Incorporated has a 1-year low of $79.12 and a 1-year high of $112.96.
Quest Diagnostics (NYSE:DGX) last issued its quarterly earnings results on Tuesday, July 25th. The medical research company reported $1.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.13. Quest Diagnostics had a return on equity of 15.66% and a net margin of 9.28%. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the business posted $1.34 EPS. The business’s revenue was up 1.9% compared to the same quarter last year. Equities analysts expect that Quest Diagnostics Incorporated will post $5.69 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Tuesday, October 3rd will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, October 2nd. This represents a $1.80 dividend on an annualized basis and a yield of 1.72%. Quest Diagnostics’s payout ratio is currently 36.29%.
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DGX has been the subject of several research analyst reports. UBS AG upgraded Quest Diagnostics from a “market perform” rating to an “outperform” rating in a research report on Friday, April 21st. Raymond James Financial, Inc. upgraded Quest Diagnostics from a “market perform” rating to an “outperform” rating and set a $116.00 price objective for the company in a research report on Friday, April 21st. Deutsche Bank AG reiterated a “buy” rating and issued a $115.00 price objective (up previously from $108.00) on shares of Quest Diagnostics in a research report on Sunday, April 23rd. Barclays PLC reiterated an “equal weight” rating and issued a $100.00 price objective (up previously from $98.00) on shares of Quest Diagnostics in a research report on Sunday, April 23rd. Finally, Evercore ISI restated an “in-line” rating and set a $104.50 target price (up previously from $102.00) on shares of Quest Diagnostics in a research report on Monday, April 24th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $109.62.
A number of hedge funds have recently modified their holdings of the company. WFG Advisors LP increased its stake in shares of Quest Diagnostics by 45.3% in the second quarter. WFG Advisors LP now owns 966 shares of the medical research company’s stock valued at $107,000 after buying an additional 301 shares in the last quarter. Sun Life Financial INC increased its stake in shares of Quest Diagnostics by 14,142.9% in the second quarter. Sun Life Financial INC now owns 997 shares of the medical research company’s stock valued at $111,000 after buying an additional 990 shares in the last quarter. YorkBridge Wealth Partners LLC increased its stake in shares of Quest Diagnostics by 1.5% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,188 shares of the medical research company’s stock valued at $127,000 after buying an additional 18 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Quest Diagnostics by 16.1% in the first quarter. Parallel Advisors LLC now owns 1,279 shares of the medical research company’s stock valued at $137,000 after buying an additional 177 shares in the last quarter. Finally, Advisors Capital Management LLC purchased a new stake in shares of Quest Diagnostics during the first quarter valued at approximately $164,000. Hedge funds and other institutional investors own 90.06% of the company’s stock.
Quest Diagnostics Company Profile
Quest Diagnostics Incorporated is a provider of diagnostic information services. The Company operates through two businesses: Diagnostic Information Services and Diagnostic Solutions. The Diagnostic Information Services business develops and delivers diagnostic testing information and services, providing insights that empower and enable a range of customers, including patients, clinicians, hospitals, integrated delivery networks (IDNs), health plans, employers and accountable care organizations (ACOs).
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