Principal Financial Group Inc. raised its stake in Owens & Minor Inc. (NYSE:OMI) by 13.6% during the second quarter, Holdings Channel reports. The institutional investor owned 240,691 shares of the company’s stock after buying an additional 28,904 shares during the period. Principal Financial Group Inc. owned about 0.39% of Owens & Minor worth $8,997,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the company. Bruderman Asset Management LLC boosted its position in Owens & Minor by 58.5% in the second quarter. Bruderman Asset Management LLC now owns 3,788 shares of the company’s stock valued at $142,000 after buying an additional 1,398 shares during the last quarter. LS Investment Advisors LLC boosted its position in Owens & Minor by 66.2% in the second quarter. LS Investment Advisors LLC now owns 4,144 shares of the company’s stock valued at $155,000 after buying an additional 1,650 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in Owens & Minor by 54.8% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 4,800 shares of the company’s stock valued at $179,000 after buying an additional 1,700 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new position in Owens & Minor during the first quarter valued at approximately $208,000. Finally, Oppenheimer & Co. Inc. boosted its position in Owens & Minor by 9.6% in the second quarter. Oppenheimer & Co. Inc. now owns 6,463 shares of the company’s stock valued at $242,000 after buying an additional 567 shares during the last quarter. 96.87% of the stock is owned by institutional investors.
Shares of Owens & Minor Inc. (NYSE:OMI) opened at 32.85 on Tuesday. The firm has a market cap of $2.05 billion, a PE ratio of 18.34 and a beta of 0.88. The company’s 50 day moving average is $34.00 and its 200-day moving average is $36.08. Owens & Minor Inc. has a 12 month low of $32.47 and a 12 month high of $41.48.
Owens & Minor (NYSE:OMI) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.03. Owens & Minor had a net margin of 1.13% and a return on equity of 13.28%. The firm earned $2.48 billion during the quarter, compared to analysts’ expectations of $2.47 billion. During the same period in the previous year, the business posted $0.46 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. Equities research analysts predict that Owens & Minor Inc. will post $0.09 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $1.02 dividend on an annualized basis and a yield of 3.11%. Owens & Minor’s dividend payout ratio (DPR) is 56.67%.
OMI has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Owens & Minor from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Bank of America Corp. initiated coverage on shares of Owens & Minor in a research note on Monday, September 12th. They issued a “neutral” rating for the company. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The company has a consensus rating of “Hold” and an average price target of $36.60.
In other Owens & Minor news, Director Craig R. Smith sold 7,500 shares of Owens & Minor stock in a transaction on Friday, August 5th. The shares were sold at an average price of $35.42, for a total transaction of $265,650.00. Following the completion of the transaction, the director now directly owns 104,482 shares of the company’s stock, valued at $3,700,752.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Erika T. Davis sold 2,900 shares of Owens & Minor stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $34.31, for a total transaction of $99,499.00. Following the transaction, the senior vice president now directly owns 61,867 shares of the company’s stock, valued at $2,122,656.77. The disclosure for this sale can be found here. Company insiders own 1.72% of the company’s stock.
Owens & Minor Company Profile
Owens & Minor, Inc is a global healthcare services company. The Company provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products, supplies and devices in the United States and Europe. The Company operates in two segments: Domestic and International.
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