Vanguard Group Inc. increased its stake in Zimmer Biomet Holdings, Inc. (NYSE:ZBH) by acquiring an additional 39,929 shares in the third quarter, bringing its total holdings to 23,291,224 shares valued at approximately $2.29 billion. Zimmer Biomet recently reported strong quarterly earnings, beating analyst estimates with $2.42 EPS and $2.24 billion in revenue, and announced a quarterly dividend of $0.24. Institutional investors collectively own 88.89% of the stock, which analysts currently rate as a “Hold” with an average target price of $106.20.
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Vanguard Group Inc. Acquires 39,929 Shares of Zimmer Biomet Holdings, Inc. $ZBH
Vanguard Group Inc. increased its stake in Zimmer Biomet Holdings, Inc. (NYSE:ZBH) by acquiring an additional 39,929 shares in the third quarter, bringing its total holdings to 23,291,224 shares valued at approximately $2.29 billion. Zimmer Biomet recently reported strong quarterly earnings, beating analyst estimates with $2.42 EPS and $2.24 billion in revenue, and announced a quarterly dividend of $0.24. Institutional investors collectively own 88.89% of the stock, which analysts currently rate as a “Hold” with an average target price of $106.20.