ProShare Advisors LLC increased its stake in shares of Owens & Minor, Inc. (NYSE:OMI) by 70.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 206,913 shares of the company’s stock after buying an additional 85,622 shares during the period. ProShare Advisors LLC owned 0.33% of Owens & Minor worth $7,186,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Morgan Stanley raised its stake in shares of Owens & Minor by 60.0% in the third quarter. Morgan Stanley now owns 227,950 shares of the company’s stock worth $7,917,000 after buying an additional 85,525 shares in the last quarter. Catalyst Capital Advisors LLC raised its stake in shares of Owens & Minor by 798.6% in the third quarter. Catalyst Capital Advisors LLC now owns 13,300 shares of the company’s stock worth $462,000 after buying an additional 11,820 shares in the last quarter. Nine Chapters Capital Management LLC acquired a new stake in shares of Owens & Minor during the third quarter worth about $434,000. Principal Financial Group Inc. raised its stake in shares of Owens & Minor by 7.1% in the third quarter. Principal Financial Group Inc. now owns 257,677 shares of the company’s stock worth $8,949,000 after buying an additional 16,986 shares in the last quarter. Finally, Suntrust Banks Inc. raised its stake in shares of Owens & Minor by 16.1% in the third quarter. Suntrust Banks Inc. now owns 51,947 shares of the company’s stock worth $1,804,000 after buying an additional 7,210 shares in the last quarter. 93.58% of the stock is owned by hedge funds and other institutional investors.
Shares of Owens & Minor, Inc. (NYSE:OMI) traded down 0.55% during midday trading on Wednesday, reaching $36.24. The company’s stock had a trading volume of 199,606 shares. The stock’s 50-day moving average is $35.08 and its 200-day moving average is $34.56. Owens & Minor, Inc. has a one year low of $30.43 and a one year high of $41.48. The company has a market capitalization of $2.23 billion, a P/E ratio of 19.80 and a beta of 1.01.
Owens & Minor (NYSE:OMI) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $0.51 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.51. Owens & Minor had a return on equity of 13.08% and a net margin of 1.16%. The company earned $2.42 billion during the quarter, compared to analyst estimates of $2.51 billion. During the same period in the previous year, the business earned $0.54 EPS. Owens & Minor’s quarterly revenue was down 2.3% on a year-over-year basis. On average, equities analysts expect that Owens & Minor, Inc. will post $2.03 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Thursday, December 15th were paid a dividend of $0.225 per share. The ex-dividend date was Tuesday, December 13th. This represents a $0.90 annualized dividend and a yield of 2.47%. Owens & Minor’s dividend payout ratio (DPR) is currently 55.74%.
A number of brokerages recently issued reports on OMI. Zacks Investment Research lowered Owens & Minor from a “hold” rating to a “sell” rating in a research note on Wednesday, January 4th. Bank of America Corporation lowered Owens & Minor from a “neutral” rating to an “underperform” rating and set a $32.00 price target for the company. in a research note on Monday, November 7th. Four equities research analysts have rated the stock with a sell rating and one has issued a hold rating to the company’s stock. Owens & Minor has a consensus rating of “Sell” and a consensus price target of $35.50.
In other news, Director Craig R. Smith sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $36.22, for a total value of $905,500.00. Following the completion of the sale, the director now directly owns 69,732 shares in the company, valued at $2,525,693.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Charles C. Colpo sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $34.33, for a total value of $257,475.00. Following the completion of the sale, the senior vice president now owns 38,829 shares of the company’s stock, valued at $1,332,999.57. The disclosure for this sale can be found here. 1.72% of the stock is owned by insiders.
About Owens & Minor
Owens & Minor, Inc is a global healthcare services company. The Company provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products, supplies and devices in the United States and Europe. The Company operates in two segments: Domestic and International.
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