Edwards Lifesciences Corp (NYSE:EW) Shares Sold by Oakbrook Investments LLC

Dimensional Fund Advisors LP now owns 591,853 shares of the medical research company's stock worth $69,977,000 after acquiring an additional 4,014 shares during the period. Finally, Frontier Wealth Management LLC boosted its holdings in Edwards Lifesciences by 6.0% in the 2nd quarter. AHL Partners LLP now owns 54,629 shares of the medical research company's stock worth $6,460,000 after acquiring an additional 5,392 shares during the period.

Edwards Lifesciences declared that its Board of Directors has initiated a share repurchase program on Thursday, December 7th that permits the company to buyback $1.00 billion in outstanding shares. The brokerage now has a $162.00 target price on the medical research company's stock. Artisan Partners Limited Partnership now owns 1,432,428 shares of the medical research company's stock worth $156,579,000 after purchasing an additional 153,896 shares during the last quarter. Salem Investment Counselors Inc. now owns 1,419 shares of the medical research company's stock valued at $168,000 after purchasing an additional 199 shares during the period. Finally, Aperio Group LLC increased its position in Edwards Lifesciences by 1.1% during the fourth quarter. Following the transaction, the vice president now owns 24,908 shares in the company, valued at $3,169,293.92. Institutional investors and hedge funds own 81.52% of the company's stock.

Shares of Edwards Lifesciences (NYSE EW) opened at $126.27 on Friday. 1,450,000 shares of the company were exchanged, compared to its average volume of 1,340,000. The company has a market cap of $26,194.31, a PE ratio of 32.57, a PEG ratio of 1.83 and a beta of 0.63. The company has a quick ratio of 1.41, a current ratio of 1.81 and a debt-to-equity ratio of 0.15. Edwards Lifesciences Corp has a twelve month low of $89.20 and a twelve month high of $138.48. Edwards Lifesciences Corporation (NYSE:EW) has risen 15.41% since February 9, 2017 and is uptrending. The institutional investor held 5,409 shares of the industrial specialties company at the end of 2017Q3, valued at $589,000, up from 1,935 at the end of the previous reported quarter. Edwards Lifesciences had a net margin of 18.11% and a return on equity of 27.69%. The company had revenue of $888.50 million during the quarter, compared to the consensus estimate of $868.45 million. Edwards Lifesciences's quarterly revenue was up 15.7% compared to the same quarter last year. analysts anticipate that Edwards Lifesciences Corp will post 4.49 earnings per share for the current fiscal year. This repurchase authorization allows the medical research company to buy shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company's management believes its shares are undervalued. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

In related news, VP Larry L. Wood sold 18,960 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $106.86, for a total transaction of $3,515,694.00. The disclosure for this sale can be found here. The Emerald Advisers Inc holds 8,098 shares with $885,000 value, up from 5,230 last quarter. Company insiders own 2.13% of the company's stock.

Several research firms have commented on EW. Cowen set a $135.00 price target on Edwards Lifesciences and gave the stock a "buy" rating in a research report on Sunday, December 10th. Evercore ISI began coverage on Edwards Lifesciences in a research report on Wednesday, January 3rd. KeyBanc Capital Markets has "Overweight" rating and $47 target. Morgan Stanley raised their price target on shares of Edwards Lifesciences from $130.00 to $138.00 and gave the company an "overweight" rating in a report on Friday, February 2nd. Canaccord Genuity reaffirmed a "buy" rating and set a $174.00 price target (up previously from $140.00) on shares of Edwards Lifesciences in a research report on Friday, February 2nd. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $141.15.

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Edwards Lifesciences Corporation is a manufacturer of heart valve systems and fix products used to replace or fix a patient's diseased or defective heart valve. The Company is engaged in patient-focused innovations for structural heart disease and critical care monitoring.

Mulberry Group plc, through its subsidiaries, designs, develops, makes, markets, and sells fashion accessories, clothing, and footwear in the United Kingdom, rest of Europe, Asia, North America, and internationally.

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