Vanguard Group Inc. boosted its position in shares of Owens & Minor Inc. (NYSE:OMI) by 8.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,606,293 shares of the company’s stock after buying an additional 540,012 shares during the period. Vanguard Group Inc. owned about 10.59% of Owens & Minor worth $246,943,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in Owens & Minor by 3.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,322,364 shares of the company’s stock valued at $86,806,000 after buying an additional 68,925 shares during the period. Acadian Asset Management LLC raised its position in Owens & Minor by 1.5% in the second quarter. Acadian Asset Management LLC now owns 2,306,888 shares of the company’s stock valued at $86,233,000 after buying an additional 33,087 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in Owens & Minor by 1.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,861,286 shares of the company’s stock valued at $75,233,000 after buying an additional 26,687 shares during the period. Victory Capital Management Inc. raised its position in Owens & Minor by 40.1% in the second quarter. Victory Capital Management Inc. now owns 1,385,787 shares of the company’s stock valued at $51,800,000 after buying an additional 396,635 shares during the period. Finally, Hennessy Advisors Inc. raised its position in Owens & Minor by 2.3% in the second quarter. Hennessy Advisors Inc. now owns 1,133,600 shares of the company’s stock valued at $42,374,000 after buying an additional 25,500 shares during the period. 96.91% of the stock is currently owned by institutional investors.
Shares of Owens & Minor Inc. (NYSE:OMI) opened at 33.50 on Thursday. The firm has a market cap of $2.09 billion, a P/E ratio of 18.70 and a beta of 0.88. The stock’s 50 day moving average is $34.05 and its 200 day moving average is $36.26. Owens & Minor Inc. has a 52 week low of $32.47 and a 52 week high of $41.48.
Owens & Minor (NYSE:OMI) last announced its earnings results on Tuesday, August 2nd. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. The firm had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.47 billion. Owens & Minor had a net margin of 1.13% and a return on equity of 13.28%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the company posted $0.46 EPS. On average, equities research analysts predict that Owens & Minor Inc. will post $0.09 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were issued a dividend of $0.255 per share. The ex-dividend date was Tuesday, September 13th. This represents a $1.02 annualized dividend and a yield of 3.04%. Owens & Minor’s dividend payout ratio (DPR) is currently 56.67%.
Several equities analysts have issued reports on the stock. 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. assumed coverage on shares of Owens & Minor in a research note on Monday, September 12th. They issued a “neutral” rating for the company. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Owens & Minor currently has an average rating of “Hold” and an average target price of $36.60.
In other news, Director Craig R. Smith sold 7,500 shares of Owens & Minor stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $35.42, for a total value of $265,650.00. Following the sale, the director now directly owns 104,482 shares in the company, valued at $3,700,752.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Erika T. Davis sold 2,900 shares of Owens & Minor stock in a transaction that occurred on Wednesday, August 31st. The shares were sold at an average price of $34.31, for a total transaction of $99,499.00. Following the completion of the sale, the senior vice president now owns 61,867 shares in the company, 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.
About Owens & Minor
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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