Northwestern Mutual Investment Management Company LLC Has $405,000 Position in Owens & Minor Inc. (OMI)
Northwestern Mutual Investment Management Company LLC boosted its stake in shares of Owens & Minor Inc. (NYSE:OMI) by 0.2% during the second quarter, Holdings Channel reports. The institutional investor owned 10,840 shares of the company’s stock after buying an additional 25 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Owens & Minor were worth $405,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of the stock. Huntington Asset Advisors Inc. purchased a new position in shares of Owens & Minor during the first quarter valued at $2,539,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Owens & Minor during the first quarter valued at $429,000. Landscape Capital Management L.L.C. purchased a new position in shares of Owens & Minor during the first quarter valued at $865,000. NN Investment Partners Holdings N.V. purchased a new position in shares of Owens & Minor during the first quarter valued at $16,976,000. Finally, JPMorgan Chase & Co. increased its position 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 valued at $26,328,000 after buying an additional 524,062 shares in the last quarter. 96.91% of the stock is currently owned by institutional investors and hedge funds.
Owens & Minor Inc. (NYSE:OMI) opened at 33.91 on Thursday. The stock has a 50 day moving average of $34.14 and a 200 day moving average of $36.83. Owens & Minor Inc. has a 12-month low of $31.89 and a 12-month high of $41.48. The stock has a market cap of $2.12 billion, a P/E ratio of 18.93 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 analysts’ expectations of $2.47 billion. Owens & Minor had a return on equity of 13.28% and a net margin of 1.13%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.46 earnings per share. On average, equities research analysts anticipate that Owens & Minor Inc. will post $0.09 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend is Tuesday, September 13th. Owens & Minor’s payout ratio is 56.67%.
Several brokerages have weighed in on OMI. Zacks Investment Research downgraded shares of Owens & Minor from a “hold” rating to a “sell” rating in a report on Tuesday, July 12th. Bank of America Corp. began coverage on shares of Owens & Minor in a report on Monday, September 12th. They issued a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average target price 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 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 $3,700,752.44. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Erika T. Davis sold 2,900 shares of the business’s stock in a transaction that occurred on Wednesday, August 31st. The stock was 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. Corporate 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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