JPMorgan Chase & Co. Acquires 161,027 Shares of Owens & Minor Inc. (OMI)
JPMorgan Chase & Co. raised its position in shares of Owens & Minor Inc. (NYSE:OMI) by 24.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 812,368 shares of the company’s stock after buying an additional 161,027 shares during the period. JPMorgan Chase & Co. owned about 1.30% of Owens & Minor worth $30,367,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Acadian Asset Management LLC increased its stake in shares of Owens & Minor by 1.5% in the second quarter. Acadian Asset Management LLC now owns 2,306,888 shares of the company’s stock worth $86,233,000 after buying an additional 33,087 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in shares of 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 last quarter. Hennessy Advisors Inc. increased its position in shares of 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 last quarter. Norges Bank bought a new position in shares of Owens & Minor during the fourth quarter valued at approximately $34,271,000. Finally, LSV Asset Management increased its position in shares of Owens & Minor by 1.3% in the second quarter. LSV Asset Management now owns 944,203 shares of the company’s stock valued at $35,294,000 after buying an additional 12,004 shares during the last quarter. 96.93% of the stock is owned by hedge funds and other institutional investors.
Shares of Owens & Minor Inc. (NYSE:OMI) traded down 0.03% during trading on Tuesday, reaching $33.71. 180,222 shares of the company’s stock traded hands. The company’s 50-day moving average is $34.23 and its 200 day moving average is $36.90. Owens & Minor Inc. has a 52-week low of $31.89 and a 52-week high of $41.48. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 18.82 and a beta of 0.84.
Owens & Minor (NYSE:OMI) last posted its earnings results on Tuesday, August 2nd. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. The firm earned $2.48 billion during 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 company’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the company earned $0.46 earnings per share. Equities analysts forecast that Owens & Minor Inc. will post $0.09 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be paid a $0.255 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $1.02 annualized dividend and a dividend yield of 3.02%. Owens & Minor’s payout ratio is 56.67%.
Several equities analysts recently commented on the stock. 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. Zacks Investment Research raised shares of Owens & Minor from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $36.60.
In related news, Director Craig R. Smith sold 7,500 shares of the business’s stock in a transaction that occurred 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 owns 104,482 shares of the company’s stock, valued at $3,700,752.44. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Erika T. Davis sold 2,900 shares of the business’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 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 approximately $2,122,656.77. The disclosure for this sale can be found here. 1.72% of the stock is currently owned by insiders.
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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