Venturi Wealth Management LLC Has $640,000 Stake in Express Scripts Holding Company (ESRX)
Venturi Wealth Management LLC cut its stake in shares of Express Scripts Holding Company (NASDAQ:ESRX) by 26.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,025 shares of the company’s stock after selling 3,545 shares during the quarter. Venturi Wealth Management LLC’s holdings in Express Scripts Holding were worth $640,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the company. CKW Financial Group lifted its stake in Express Scripts Holding by 20.0% during the second quarter. CKW Financial Group now owns 1,800 shares of the company’s stock worth $115,000 after purchasing an additional 300 shares during the last quarter. TrimTabs Asset Management LLC purchased a new stake in Express Scripts Holding during the first quarter worth approximately $121,000. Capital Analysts LLC lifted its stake in Express Scripts Holding by 5.6% during the first quarter. Capital Analysts LLC now owns 1,877 shares of the company’s stock worth $124,000 after purchasing an additional 100 shares during the last quarter. IHT Wealth Management LLC lifted its stake in Express Scripts Holding by 8.1% during the first quarter. IHT Wealth Management LLC now owns 1,944 shares of the company’s stock worth $128,000 after purchasing an additional 145 shares during the last quarter. Finally, First Personal Financial Services lifted its stake in Express Scripts Holding by 199.1% during the second quarter. First Personal Financial Services now owns 2,103 shares of the company’s stock worth $134,000 after purchasing an additional 1,400 shares during the last quarter. 88.71% of the stock is owned by institutional investors and hedge funds.
Several research firms recently weighed in on ESRX. Robert W. Baird restated a “hold” rating and set a $56.00 target price on shares of Express Scripts Holding in a research note on Friday, September 1st. Morgan Stanley boosted their price objective on Express Scripts Holding from $52.00 to $57.00 and gave the company an “underweight” rating in a research note on Thursday, August 10th. BidaskClub cut Express Scripts Holding from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. ValuEngine cut Express Scripts Holding from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Cowen and Company reiterated an “outperform” rating and issued a $83.00 price objective on shares of Express Scripts Holding in a research note on Friday, June 9th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $70.24.
In related news, Director Woodrow A. Myers, Jr. sold 3,900 shares of Express Scripts Holding stock in a transaction on Monday, September 11th. The stock was sold at an average price of $63.93, for a total value of $249,327.00. Following the transaction, the director now directly owns 11,500 shares in the company, valued at approximately $735,195. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Everett Neville sold 1,163 shares of Express Scripts Holding stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $61.48, for a total value of $71,501.24. Following the completion of the transaction, the vice president now owns 18,232 shares in the company, valued at $1,120,903.36. The disclosure for this sale can be found here. Insiders sold a total of 5,641 shares of company stock worth $357,317 over the last 90 days. Insiders own 0.68% of the company’s stock.
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Shares of Express Scripts Holding Company (NASDAQ:ESRX) opened at 63.24 on Thursday. Express Scripts Holding Company has a 1-year low of $57.80 and a 1-year high of $77.50. The firm has a market cap of $36.52 billion, a price-to-earnings ratio of 10.98 and a beta of 0.88. The company’s 50 day moving average price is $61.89 and its 200-day moving average price is $63.30.
Express Scripts Holding (NASDAQ:ESRX) last issued its earnings results on Tuesday, July 25th. The company reported $1.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.71 by $0.02. The business had revenue of $25.35 billion for the quarter, compared to analysts’ expectations of $25.52 billion. Express Scripts Holding had a return on equity of 25.58% and a net margin of 3.50%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.57 EPS. Equities analysts expect that Express Scripts Holding Company will post $6.99 EPS for the current fiscal year.
Express Scripts Holding Profile
Express Scripts, Inc is a pharmacy benefit management (PBM) company in North America, offering a range of services to its clients, which include health insurers, third-party administrators, employers, union-sponsored benefit plans, workers’ compensation plans and government health programs. It operates in two segments: PBM and Emerging Markets (EM).
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