Dimensional Fund Advisors LP boosted its position in shares of Owens & Minor Inc. (NYSE:OMI) by 3.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,322,364 shares of the company’s stock after buying an additional 68,925 shares during the period. Dimensional Fund Advisors LP owned about 3.72% of Owens & Minor worth $86,806,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of Owens & Minor during the fourth quarter worth $34,271,000. JPMorgan Chase & Co. boosted its stake in shares of Owens & Minor by 411.7% in the first quarter. JPMorgan Chase & Co. now owns 651,341 shares of the company’s stock worth $26,328,000 after buying an additional 524,062 shares in the last quarter. CWM LLC purchased a new stake in shares of Owens & Minor during the second quarter worth $16,578,000. NN Investment Partners Holdings N.V. purchased a new stake in shares of Owens & Minor during the first quarter worth $16,976,000. Finally, Emerald Acquisition Ltd. purchased a new stake in shares of Owens & Minor during the second quarter worth $15,173,000. Institutional investors own 96.91% of the company’s stock.
Owens & Minor Inc. (NYSE:OMI) opened at 34.41 on Friday. Owens & Minor Inc. has a 12-month low of $31.89 and a 12-month high of $41.48. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 19.21 and a beta of 0.84. The stock has a 50 day moving average price of $34.10 and a 200-day moving average price of $36.78.
Owens & Minor (NYSE:OMI) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Owens & Minor had a return on equity of 13.28% and a net margin of 1.13%. The firm earned $2.48 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same quarter last year, the firm earned $0.46 EPS. Owens & Minor’s quarterly revenue was up 2.5% on a year-over-year basis. Equities analysts forecast that Owens & Minor Inc. will post $0.09 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be paid a dividend of $0.255 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $1.02 dividend on an annualized basis and a yield of 2.96%. Owens & Minor’s dividend payout ratio (DPR) is presently 56.67%.
OMI has been the subject of a number of research reports. Bank of America Corp. initiated coverage on Owens & Minor in a research note on Monday, September 12th. They issued a “neutral” rating for the company. Zacks Investment Research cut Owens & Minor from a “hold” rating to a “sell” rating in a research note on Tuesday, July 12th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. The company currently has an average 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 the firm’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $35.42, for a total transaction of $265,650.00. Following the completion of the sale, the director now owns 104,482 shares in the company, valued at approximately $3,700,752.44. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Erika T. Davis sold 2,900 shares of the firm’s stock in a transaction that occurred on Wednesday, August 31st. The shares were sold at an average price of $34.31, for a total value of $99,499.00. Following the sale, the senior vice president now owns 61,867 shares of the company’s stock, valued at approximately $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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