Fmr LLC Has $80,475,000 Stake in Owens & Minor, Inc. (OMI)
Fmr LLC continued to hold its position in shares of Owens & Minor, Inc. (NYSE:OMI) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,500,000 shares of the company’s stock at the end of the 2nd quarter. Fmr LLC owned approximately 4.08% of Owens & Minor worth $80,475,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in OMI. Creative Planning increased its stake in Owens & Minor by 2.9% during the 2nd quarter. Creative Planning now owns 4,021 shares of the company’s stock worth $129,000 after buying an additional 113 shares during the period. LS Investment Advisors LLC increased its stake in Owens & Minor by 17.1% during the 2nd quarter. LS Investment Advisors LLC now owns 4,987 shares of the company’s stock worth $161,000 after buying an additional 727 shares during the period. North Star Investment Management Corp. increased its stake in Owens & Minor by 121.0% during the 2nd quarter. North Star Investment Management Corp. now owns 5,667 shares of the company’s stock worth $182,000 after buying an additional 3,103 shares during the period. Riverhead Capital Management LLC increased its stake in Owens & Minor by 65.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,128 shares of the company’s stock worth $197,000 after buying an additional 2,428 shares during the period. Finally, Stifel Financial Corp purchased a new stake in Owens & Minor during the 1st quarter worth $202,000. 97.77% of the stock is currently owned by hedge funds and other institutional investors.
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OMI has been the topic of several analyst reports. Robert W. Baird raised shares of Owens & Minor from an “underperform” rating to a “neutral” rating and set a $28.00 price target on the stock in a research note on Friday, September 1st. BidaskClub downgraded shares of Owens & Minor from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Zacks Investment Research raised shares of Owens & Minor from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. UBS AG reaffirmed a “sell” rating and set a $29.50 price target (down previously from $30.50) on shares of Owens & Minor in a research note on Thursday, August 3rd. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $36.00 price target on shares of Owens & Minor in a research note on Friday, July 7th. Four equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The stock presently has a consensus rating of “Sell” and an average price target of $31.10.
Owens & Minor (NYSE:OMI) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.43 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.43. The business had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.38 billion. Owens & Minor had a net margin of 1.02% and a return on equity of 11.64%. Owens & Minor’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 EPS.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a dividend of $0.2575 per share. This represents a $1.03 annualized dividend and a yield of 3.63%. The ex-dividend date was Thursday, September 14th. Owens & Minor’s payout ratio is currently 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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