Legg Mason Asset Management Japan Co. Ltd. raised its position in shares of Owens & Minor, Inc. (NYSE:OMI) by 74.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,600 shares of the company’s stock after purchasing an additional 9,200 shares during the quarter. Legg Mason Asset Management Japan Co. Ltd.’s holdings in Owens & Minor were worth $408,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its stake in Owens & Minor by 3,167.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,274 shares of the company’s stock valued at $118,000 after purchasing an additional 6,082 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in Owens & Minor by 42.9% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 9,376 shares of the company’s stock valued at $274,000 after purchasing an additional 2,816 shares during the last quarter. New Mexico Educational Retirement Board purchased a new stake in Owens & Minor during the 4th quarter valued at about $287,000. Wayne Hummer Investments L.L.C. purchased a new stake in Owens & Minor during the 3rd quarter valued at about $337,000. Finally, Advisory Services Network LLC grew its stake in Owens & Minor by 5,826.7% during the 4th quarter. Advisory Services Network LLC now owns 19,736 shares of the company’s stock valued at $373,000 after purchasing an additional 19,403 shares during the last quarter. Institutional investors and hedge funds own 96.21% of the company’s stock.
Shares of Owens & Minor, Inc. (NYSE OMI) opened at $17.03 on Friday. Owens & Minor, Inc. has a one year low of $14.26 and a one year high of $36.50. The company has a quick ratio of 0.91, a current ratio of 1.67 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $1,034.08, a PE ratio of 14.07, a PEG ratio of 1.02 and a beta of 1.10.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be paid a $0.26 dividend. This is an increase from Owens & Minor’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 6.11%. Owens & Minor’s dividend payout ratio is presently 85.12%.
Several analysts have weighed in on OMI shares. Bank of America started coverage on Owens & Minor in a research note on Tuesday, February 27th. They set a “buy” rating and a $19.00 price target on the stock. Zacks Investment Research upgraded Owens & Minor from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. ValuEngine downgraded Owens & Minor from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Credit Suisse Group reiterated an “underperform” rating and set a $17.00 price target (down previously from $31.00) on shares of Owens & Minor in a research note on Monday, November 20th. Finally, Barclays started coverage on Owens & Minor in a research note on Thursday. They set an “underweight” rating and a $16.00 price target on the stock. Six analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $24.28.
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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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