Jenson Investment Management cut its holdings in Stryker by 17,970 shares during the second quarter, The Cerbat Gem reports.
Here's what you should know.
1. Jenson held 1,728,620 shares before it sold. Stryker is the firm's 15th largest position.
Jenson owns .46 percent of Stryker which was worth $207,141,000.
2. Several other investors made changes to their positions. Washington Trust Bank purchased 15 shares. Douglas Lane & Associations purchased 20 shares. PacWest Financial Management purchased 45 shares. Bessemer Group purchased 73 shares and Gofen and Glossberg purchased 90 shares.
Investors and hedge funds own 75.49 percent of the company's stock.
3. Stryker hit $117.80 on Tuesday, under $6 dollars away from its one-year high.
4. Stryker recently disclosed a quarterly dividend of $0.38 a share payable on Oct. 31.
5. Investors gave Stryker a consensus hold rating.
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