Meag Munich Ergo Kapitalanlagegesellschaft MBH Acquires 65,586 Shares of Express Scripts Holding Company (NASDAQ:ESRX)

Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its stake in Express Scripts Holding Company (NASDAQ:ESRX) by 53.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 188,354 shares of the company’s stock after buying an additional 65,586 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Express Scripts Holding were worth $12,011,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Express Scripts Holding by 1.6% in the first quarter. Vanguard Group Inc. now owns 40,251,311 shares of the company’s stock worth $2,652,964,000 after buying an additional 649,400 shares in the last quarter. State Street Corp increased its position in shares of Express Scripts Holding by 1.1% in the first quarter. State Street Corp now owns 27,060,709 shares of the company’s stock worth $1,783,569,000 after buying an additional 298,341 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Express Scripts Holding by 4.2% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 17,612,834 shares of the company’s stock worth $1,160,862,000 after buying an additional 704,218 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Express Scripts Holding by 0.3% in the first quarter. Bank of New York Mellon Corp now owns 10,960,709 shares of the company’s stock worth $722,420,000 after buying an additional 32,854 shares in the last quarter. Finally, Macquarie Group Ltd. increased its position in shares of Express Scripts Holding by 2.8% in the first quarter. Macquarie Group Ltd. now owns 10,958,513 shares of the company’s stock worth $722,275,000 after buying an additional 296,452 shares in the last quarter. 90.24% of the stock is owned by institutional investors.

Shares of Express Scripts Holding Company (NASDAQ ESRX) traded down 0.79% during mid-day trading on Friday, hitting $60.56. The stock had a trading volume of 2,382,740 shares. The stock has a market cap of $34.98 billion, a price-to-earnings ratio of 10.51 and a beta of 0.90. Express Scripts Holding Company has a one year low of $57.80 and a one year high of $77.61. The firm has a 50 day moving average of $62.23 and a 200 day moving average of $64.20.

Express Scripts Holding (NASDAQ:ESRX) last posted its earnings results on Tuesday, July 25th. The company reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.02. Express Scripts Holding had a net margin of 3.50% and a return on equity of 25.58%. The company had revenue of $25.35 billion during the quarter, compared to analysts’ expectations of $25.52 billion. During the same quarter in the previous year, the company posted $1.57 earnings per share. Express Scripts Holding’s quarterly revenue was up .5% compared to the same quarter last year. On average, analysts forecast that Express Scripts Holding Company will post $6.99 earnings per share for the current year.

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ESRX has been the subject of a number of analyst reports. SunTrust Banks, Inc. reissued a “buy” rating on shares of Express Scripts Holding in a report on Tuesday, April 25th. Jefferies Group LLC set a $88.00 price target on Express Scripts Holding and gave the company a “buy” rating in a report on Thursday, April 20th. UBS AG set a $71.00 price target on Express Scripts Holding and gave the company a “hold” rating in a report on Tuesday, April 25th. Edward Jones downgraded Express Scripts Holding from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Finally, BidaskClub raised Express Scripts Holding from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $71.17.

About Express Scripts Holding

Express Scripts, Inc is a pharmacy benefit management (PBM) company in North America, offering a range of services to its clients, which include health insurers, third-party administrators, employers, union-sponsored benefit plans, workers’ compensation plans and government health programs. It operates in two segments: PBM and Emerging Markets (EM).

Institutional Ownership by Quarter for Express Scripts Holding (NASDAQ:ESRX)

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