Pioneer Investment Management Inc. held its stake in shares of Owens & Minor, Inc. (NYSE:OMI) during the second quarter, Holdings Channel reports. The institutional investor owned 574,485 shares of the company’s stock at the end of the second quarter. Pioneer Investment Management Inc.’s holdings in Owens & Minor were worth $18,493,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Owens & Minor by 8,301.0% in the first quarter. BlackRock Inc. now owns 7,423,066 shares of the company’s stock valued at $256,840,000 after buying an additional 7,334,707 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Owens & Minor by 8.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,567,308 shares of the company’s stock valued at $88,828,000 after buying an additional 202,892 shares during the last quarter. State Street Corp raised its stake in shares of Owens & Minor by 3.8% in the first quarter. State Street Corp now owns 2,264,425 shares of the company’s stock valued at $78,346,000 after buying an additional 83,793 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Owens & Minor by 136.5% in the first quarter. JPMorgan Chase & Co. now owns 1,609,977 shares of the company’s stock valued at $55,705,000 after buying an additional 929,196 shares during the last quarter. Finally, Pzena Investment Management LLC raised its stake in shares of Owens & Minor by 18.8% in the first quarter. Pzena Investment Management LLC now owns 1,579,596 shares of the company’s stock valued at $54,654,000 after buying an additional 250,263 shares during the last quarter. 96.05% of the stock is currently owned by institutional investors.

Shares of Owens & Minor, Inc. (NYSE:OMI) opened at 28.15 on Friday. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 17.91 and a beta of 1.01. Owens & Minor, Inc. has a 52 week low of $28.10 and a 52 week high of $37.02. The company has a 50-day moving average price of $31.38 and a 200 day moving average price of $33.44.

Owens & Minor (NYSE:OMI) last announced its earnings results on Tuesday, August 1st. The company reported $0.43 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.43. Owens & Minor had a return on equity of 11.64% and a net margin of 1.02%. The company had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same quarter last year, the company earned $0.52 earnings per share. The firm’s quarterly revenue was down 8.8% compared to the same quarter last year. Analysts expect that Owens & Minor, Inc. will post $1.92 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.2575 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.03 dividend on an annualized basis and a yield of 3.66%. Owens & Minor’s dividend payout ratio (DPR) is presently 65.19%.

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Several analysts have recently weighed in on OMI shares. Jefferies Group LLC set a $36.00 price objective on Owens & Minor and gave the stock a “hold” rating in a report on Monday, May 22nd. UBS AG reissued a “sell” rating and set a $29.50 price objective (down previously from $30.50) on shares of Owens & Minor in a report on Thursday, August 3rd. Zacks Investment Research lowered Owens & Minor from a “hold” rating to a “sell” rating in a report on Friday, May 5th. TheStreet lowered Owens & Minor from a “b” rating to a “c+” rating in a report on Thursday, May 4th. Finally, BidaskClub lowered Owens & Minor from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. Three analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. Owens & Minor presently has a consensus rating of “Hold” and a consensus target price of $31.88.

In other Owens & Minor news, SVP Erika T. Davis sold 9,317 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $32.26, for a total transaction of $300,566.42. Following the transaction, the senior vice president now owns 63,979 shares in the company, valued at approximately $2,063,962.54. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Rony Camil Kordahi sold 2,231 shares of the firm’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $32.07, for a total value of $71,548.17. Following the transaction, the executive vice president now owns 27,555 shares in the company, valued at approximately $883,688.85. The disclosure for this sale can be found here. 1.68% of the stock is owned by company insiders.

About Owens & Minor

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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Institutional Ownership by Quarter for Owens & Minor (NYSE:OMI)

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