ProShare Advisors LLC Sells 85,491 Shares of Medtronic PLC $MDT

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ProShare Advisors LLC reduced its stake in Medtronic PLC by 4.0% in the third quarter, selling 85,491 shares and retaining over 2 million shares valued at approximately $195.6 million. Institutional investors now own 82.06% of Medtronic, which has a “Moderate Buy” consensus rating from analysts with an average price target of $110.67. The company recently reported strong earnings, exceeding expectations with $1.36 EPS on $8.96 billion in revenue, and offers a quarterly dividend of $0.71 per share.

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