Owens & Minor, Inc. (OMI) Position Boosted by Wells Fargo & Company MN
Wells Fargo & Company MN increased its position in Owens & Minor, Inc. (NYSE:OMI) by 1.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 893,908 shares of the company’s stock after purchasing an additional 10,095 shares during the period. Wells Fargo & Company MN owned about 1.46% of Owens & Minor worth $28,775,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in Owens & Minor by 8,301.0% in the 1st quarter. BlackRock Inc. now owns 7,423,066 shares of the company’s stock worth $256,840,000 after purchasing an additional 7,334,707 shares during the period. Dimensional Fund Advisors LP boosted its stake in Owens & Minor by 8.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,567,308 shares of the company’s stock worth $88,828,000 after purchasing an additional 202,892 shares during the period. State Street Corp boosted its stake in Owens & Minor by 3.8% in the 1st quarter. State Street Corp now owns 2,264,425 shares of the company’s stock worth $78,346,000 after purchasing an additional 83,793 shares during the period. JPMorgan Chase & Co. boosted its stake in Owens & Minor by 136.5% in the 1st quarter. JPMorgan Chase & Co. now owns 1,609,977 shares of the company’s stock worth $55,705,000 after purchasing an additional 929,196 shares during the period. Finally, Macquarie Group Ltd. boosted its stake in Owens & Minor by 2.3% in the 1st quarter. Macquarie Group Ltd. now owns 1,272,360 shares of the company’s stock worth $44,024,000 after purchasing an additional 29,095 shares during the period. 97.76% of the stock is owned by hedge funds and other institutional investors.
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A number of research firms recently commented on OMI. BidaskClub raised shares of Owens & Minor from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Zacks Investment Research raised shares of Owens & Minor from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $32.00 price objective (down previously from $36.00) on shares of Owens & Minor in a research note on Wednesday, August 9th. UBS AG reaffirmed a “sell” rating and issued a $29.50 price objective (down previously from $30.50) on shares of Owens & Minor in a research note on Wednesday, August 9th. Finally, Robert W. Baird raised shares of Owens & Minor from an “underperform” rating to a “neutral” rating and set a $28.00 price objective for the company in a research note on Friday, September 1st. Three analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $31.10.
Owens & Minor, Inc. (NYSE OMI) opened at 28.50 on Friday. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 18.13 and a beta of 1.04. The company has a 50-day moving average of $28.30 and a 200-day moving average of $31.85. Owens & Minor, Inc. has a 1-year low of $26.91 and a 1-year high of $37.02.
Owens & Minor (NYSE:OMI) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.43 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.43. The company had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.38 billion. Owens & Minor had a net margin of 1.02% and a return on equity of 11.64%. The business’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.52 earnings per share. Analysts predict that Owens & Minor, Inc. will post $1.92 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.2575 dividend. This represents a $1.03 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend is Thursday, September 14th. Owens & Minor’s dividend payout ratio (DPR) is presently 65.19%.
Owens & Minor Company Profile
Owens & Minor, Inc is a healthcare services company that connects the world of medical products to the point of care. The Company provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products, supplies and devices. The Company’s segments include Domestic, International and Clinical & Procedural Solutions (CPS).
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