Shares of Owens & Minor Inc. (NYSE:OMI) have been given an average recommendation of “Hold” by the six research firms that are covering the firm. Three equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $34.00.

A number of research analysts recently commented on the company. Bank of America Corp. downgraded Owens & Minor from a “neutral” rating to an “underperform” rating and set a $32.00 price objective for the company. in a research note on Monday, November 7th. Zacks Investment Research upgraded Owens & Minor from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th.

Shares of Owens & Minor (NYSE:OMI) opened at 33.78 on Tuesday. The company’s 50-day moving average price is $33.24 and its 200-day moving average price is $35.16. The stock has a market cap of $2.08 billion, a PE ratio of 18.46 and a beta of 0.99. Owens & Minor has a 52-week low of $30.43 and a 52-week high of $41.48.

Owens & Minor (NYSE:OMI) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $0.51 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.51. The firm earned $2.42 billion during the quarter, compared to the consensus estimate of $2.51 billion. Owens & Minor had a return on equity of 13.08% and a net margin of 1.16%. The firm’s revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.54 EPS. Analysts expect that Owens & Minor will post $2.03 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, December 15th will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 2.66%. Owens & Minor’s dividend payout ratio (DPR) is 55.74%.

In other news, SVP Erika T. Davis sold 2,900 shares of the company’s stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $34.31, for a total value of $99,499.00. Following the completion of the sale, the senior vice president now owns 61,867 shares in the company, valued at $2,122,656.77. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.72% of the stock is owned by insiders.

Several hedge funds have recently made changes to their positions in OMI. Raymond James Trust N.A. raised its stake in shares of Owens & Minor by 0.7% in the second quarter. Raymond James Trust N.A. now owns 17,230 shares of the company’s stock valued at $644,000 after buying an additional 118 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Owens & Minor by 2,871.6% in the second quarter. BNP Paribas Arbitrage SA now owns 34,500 shares of the company’s stock valued at $1,290,000 after buying an additional 33,339 shares during the period. Lowe Brockenbrough & Co. Inc. raised its stake in shares of Owens & Minor by 0.5% in the first quarter. Lowe Brockenbrough & Co. Inc. now owns 35,096 shares of the company’s stock valued at $1,419,000 after buying an additional 161 shares during the period. Panagora Asset Management Inc. raised its stake in shares of Owens & Minor by 1,934.0% in the first quarter. Panagora Asset Management Inc. now owns 85,937 shares of the company’s stock valued at $3,474,000 after buying an additional 81,712 shares during the period. Finally, Metropolitan Life Insurance Co. NY raised its stake in shares of Owens & Minor by 1.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 100,741 shares of the company’s stock valued at $4,072,000 after buying an additional 1,196 shares during the period. Institutional investors and hedge funds own 95.92% of the company’s stock.

Owens & Minor Company Profile

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.

5 Day Chart for NYSE:OMI

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