Nomura Asset Management Co. Ltd. Has $25.73 Million Stock Position in Cencora, Inc. $COR

Nomura Asset Management Co. Ltd. boosted its position in shares of Cencora, Inc. (NYSE:COR) by 7.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 76,185 shares of the company’s stock after purchasing an additional 5,024 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Cencora were worth $25,731,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Oakworth Capital Inc. bought a new stake in Cencora during the 4th quarter worth approximately $26,000. Elyxium Wealth LLC acquired a new position in Cencora in the fourth quarter worth $27,000. Archer Investment Corp boosted its stake in Cencora by 134.3% in the fourth quarter. Archer Investment Corp now owns 82 shares of the company’s stock worth $28,000 after purchasing an additional 47 shares in the last quarter. IAG Wealth Partners LLC bought a new stake in shares of Cencora during the third quarter worth $30,000. Finally, Caitlin John LLC acquired a new stake in shares of Cencora in the third quarter valued at $31,000. 97.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. UBS Group lifted their price target on Cencora from $410.00 to $412.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Citigroup lowered their price objective on shares of Cencora from $405.00 to $355.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Evercore set a $360.00 target price on shares of Cencora in a research report on Wednesday, April 8th. Weiss Ratings cut shares of Cencora from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 22nd. Finally, Robert W. Baird lowered their price target on shares of Cencora from $420.00 to $339.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Cencora has a consensus rating of “Moderate Buy” and an average target price of $380.25.

Cencora Stock Performance

Shares of Cencora stock opened at $265.09 on Tuesday. Cencora, Inc. has a 52 week low of $244.82 and a 52 week high of $377.54. The company has a debt-to-equity ratio of 3.40, a quick ratio of 0.59 and a current ratio of 0.95. The stock has a market capitalization of $51.58 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 1.24 and a beta of 0.59. The firm has a fifty day moving average of $297.22 and a two-hundred day moving average of $332.99.

Cencora (NYSE:COR) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $4.75 EPS for the quarter, missing analysts’ consensus estimates of $4.82 by ($0.07). The company had revenue of $78.36 billion for the quarter, compared to analyst estimates of $81.09 billion. Cencora had a return on equity of 135.20% and a net margin of 0.78%.The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the firm earned $4.42 earnings per share. Cencora has set its FY 2026 guidance at 17.650-17.900 EPS. As a group, equities research analysts predict that Cencora, Inc. will post 17.79 EPS for the current year.

Cencora declared that its Board of Directors has initiated a stock repurchase plan on Thursday, May 21st that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the company to buy up to 3.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its shares are undervalued.

Cencora Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were paid a $0.60 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.9%. Cencora’s dividend payout ratio is 18.40%.

Cencora Profile

Cencora (NYSE:COR) is a global healthcare services and pharmaceutical distribution company that provides end-to-end solutions across the pharmaceutical supply chain. The company’s core activities include wholesale drug distribution, specialty drug distribution, and the operation of specialty pharmacies, complemented by logistics, cold-chain management and other fulfillment services designed to support complex and temperature-sensitive therapies.

Beyond physical distribution, Cencora offers a range of commercial and patient-focused services for pharmaceutical manufacturers and healthcare providers.