Vestpro Financial Partners Inc. dba CPF Texas bought a new position in shares of Express Scripts Holding (NASDAQ:ESRX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 14,184 shares of the company’s stock, valued at approximately $1,059,000.
Other large investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its stake in Express Scripts by 5.1% during the 3rd quarter. Van ECK Associates Corp now owns 506,511 shares of the company’s stock valued at $32,072,000 after acquiring an additional 24,728 shares during the period. Victory Capital Management Inc. lifted its stake in Express Scripts by 12.5% during the 3rd quarter. Victory Capital Management Inc. now owns 35,421 shares of the company’s stock valued at $2,243,000 after acquiring an additional 3,940 shares during the period. Hendershot Investments Inc. acquired a new stake in Express Scripts during the 3rd quarter valued at approximately $5,132,000. Crossmark Global Holdings Inc. acquired a new stake in Express Scripts during the 3rd quarter valued at approximately $3,708,000. Finally, LMR Partners LLP acquired a new stake in Express Scripts during the 3rd quarter valued at approximately $3,230,000. 87.46% of the stock is currently owned by institutional investors.
Several brokerages have commented on ESRX. Mizuho set a $67.00 price objective on shares of Express Scripts and gave the company a “hold” rating in a research note on Tuesday, October 24th. Sanford C. Bernstein cut shares of Express Scripts from a “market perform” rating to an “underperform” rating and lifted their price objective for the company from $55.80 to $77.50 in a research note on Tuesday, January 30th. BidaskClub cut shares of Express Scripts from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Raymond James Financial restated a “sell” rating on shares of Express Scripts in a research note on Friday, December 15th. Finally, Royal Bank of Canada upgraded shares of Express Scripts from a “sector perform” rating to an “outperform” rating and set a $68.00 target price for the company in a research note on Wednesday, January 31st. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $78.93.
Express Scripts announced that its Board of Directors has approved a stock repurchase program on Monday, December 18th that authorizes the company to repurchase 45,000,000 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.
In related news, VP Glen D. Stettin sold 3,448 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $76.00, for a total value of $262,048.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Christine Houston sold 10,104 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $70.08, for a total transaction of $708,088.32. Following the completion of the sale, the vice president now directly owns 87,400 shares of the company’s stock, valued at approximately $6,124,992. The disclosure for this sale can be found here. In the last three months, insiders sold 17,001 shares of company stock valued at $1,249,505. 0.68% of the stock is owned by insiders.
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Express Scripts Profile
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).
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