Edgemoor Investment Advisors Inc. cut its stake in shares of Express Scripts Holding Company (NASDAQ:ESRX) by 3.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 186,578 shares of the company’s stock after selling 7,594 shares during the period. Express Scripts Holding comprises approximately 1.6% of Edgemoor Investment Advisors Inc.’s investment portfolio, making the stock its 19th largest holding. Edgemoor Investment Advisors Inc.’s holdings in Express Scripts Holding were worth $11,916,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Federated Investors Inc. PA raised its stake in shares of Express Scripts Holding by 184.4% during the 2nd quarter. Federated Investors Inc. PA now owns 97,597 shares of the company’s stock worth $6,231,000 after purchasing an additional 63,285 shares during the period. Pzena Investment Management LLC bought a new stake in shares of Express Scripts Holding during the 2nd quarter worth $181,234,000. Marshall Wace LLP bought a new stake in shares of Express Scripts Holding during the 2nd quarter worth $1,979,000. Marshall Wace North America L.P. bought a new stake in shares of Express Scripts Holding during the 2nd quarter worth $1,833,000. Finally, Jennison Associates LLC bought a new stake in shares of Express Scripts Holding during the 2nd quarter worth $631,000. Institutional investors own 88.71% of the company’s stock.

Express Scripts Holding Company (NASDAQ:ESRX) opened at 62.64 on Wednesday. Express Scripts Holding Company has a 12-month low of $57.80 and a 12-month high of $77.50. The firm’s 50-day moving average price is $61.89 and its 200-day moving average price is $63.36. The stock has a market cap of $36.18 billion, a price-to-earnings ratio of 10.87 and a beta of 0.88.

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

In other news, VP Everett Neville sold 1,163 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $61.48, for a total value of $71,501.24. Following the transaction, the vice president now owns 18,232 shares of the company’s stock, valued at $1,120,903.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Woodrow A. Myers, Jr. sold 3,900 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $63.93, for a total value of $249,327.00. Following the completion of the transaction, the director now directly owns 11,500 shares in the company, valued at approximately $735,195. The disclosure for this sale can be found here. Insiders sold 5,641 shares of company stock worth $357,317 in the last ninety days. Corporate insiders own 0.68% of the company’s stock.

A number of equities research analysts have recently commented on the company. Robert W. Baird reiterated a “hold” rating and set a $56.00 target price on shares of Express Scripts Holding in a research note on Friday, September 1st. Morgan Stanley lifted their target price on Express Scripts Holding from $52.00 to $57.00 and gave the stock an “underweight” rating in a research note on Thursday, August 10th. BidaskClub cut Express Scripts Holding from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. ValuEngine cut Express Scripts Holding from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Cowen and Company reiterated an “outperform” rating and set a $83.00 target price on shares of Express Scripts Holding in a research note on Friday, June 9th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $70.24.

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

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