Comerica Bank decreased its holdings in Owens & Minor, Inc. (NYSE:OMI) by 5.3% during the second quarter, Holdings Channel.com reports. The firm owned 70,214 shares of the company’s stock after selling 3,931 shares during the period. Comerica Bank’s holdings in Owens & Minor were worth $2,592,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of OMI. Ameritas Investment Company LLC acquired a new position in shares of Owens & Minor in the 1st quarter valued at about $32,000. First Trust Advisors LP bought a new stake in shares of Owens & Minor in the 1st quarter valued at approximately $56,000. Advisory Services Network LLC bought a new stake in shares of Owens & Minor in the 2nd quarter valued at approximately $78,000. First Mercantile Trust Co. bought a new stake in shares of Owens & Minor in the 2nd quarter valued at approximately $108,000. Finally, Eaton Vance Management bought a new stake in shares of Owens & Minor in the 1st quarter valued at approximately $131,000. Institutional investors own 94.07% of the company’s stock.
Shares of Owens & Minor stock opened at $41.14 on Thursday. The stock has a market capitalization of $3.10 billion, a P/E ratio of 13.06, a PEG ratio of 0.56 and a beta of 0.32. The company has a quick ratio of 0.62, a current ratio of 1.68 and a debt-to-equity ratio of 1.08. The stock has a 50 day moving average price of $36.49 and a two-hundred day moving average price of $39.18. Owens & Minor, Inc. has a 12-month low of $23.57 and a 12-month high of $49.16.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 31st. Stockholders of record on Wednesday, December 15th will be given a $0.002 dividend. The ex-dividend date of this dividend is Tuesday, December 14th. This represents a $0.01 annualized dividend and a dividend yield of 0.02%. Owens & Minor’s dividend payout ratio is 0.32%.
Several equities research analysts recently commented on OMI shares. Credit Suisse Group lowered their price target on Owens & Minor from $43.00 to $42.00 and set a “neutral” rating for the company in a research note on Wednesday, August 4th. Zacks Investment Research raised Owens & Minor from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research note on Wednesday. Finally, TheStreet raised Owens & Minor from a “c+” rating to a “b-” rating in a research note on Monday, August 23rd. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Owens & Minor currently has a consensus rating of “Hold” and a consensus target price of $42.00.
In other news, CEO Edward A. Pesicka sold 56,641 shares of the stock in a transaction that occurred on Wednesday, November 3rd. The stock was sold at an average price of $41.97, for a total value of $2,377,222.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert J. Henkel acquired 1,000 shares of Owens & Minor stock in a transaction dated Friday, October 15th. The stock was acquired at an average cost of $33.33 per share, with a total value of $33,330.00. The disclosure for this purchase can be found here. Insiders sold 150,524 shares of company stock valued at $6,346,034 over the last three months. 4.65% of the stock is owned by company insiders.
Owens & Minor Profile
Owens & Minor, Inc engages in the provision of healthcare solutions. It operates through the Global Solutions and Global Products segments. The Global Solutions segment comprises of United States distribution, outsourced logistics, and value-added services business. The Global Products segment manufactures and sources medical surgical products through the production and kitting operations.
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