Vanguard Group Inc. significantly increased its stake in Thermo Fisher Scientific Inc., owning 9.01% of the company, valued at approximately $16.42 billion. Thermo Fisher Scientific recently surpassed quarterly earnings and revenue estimates and authorized a $5.0 billion share buyback program. The company maintains a “Moderate Buy” consensus rating from analysts, with several firms raising their price targets, despite recent insider stock sales.
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Vanguard Group Inc. Has $16.42 Billion Holdings in Thermo Fisher Scientific Inc. $TMO
Vanguard Group Inc. significantly increased its stake in Thermo Fisher Scientific Inc., owning 9.01% of the company, valued at approximately $16.42 billion. Thermo Fisher Scientific recently surpassed quarterly earnings and revenue estimates and authorized a $5.0 billion share buyback program. The company maintains a “Moderate Buy” consensus rating from analysts, with several firms raising their price targets, despite recent insider stock sales.