Legal & General Group Plc Increases Position in Owens & Minor, Inc. (OMI)
Legal & General Group Plc boosted its holdings in shares of Owens & Minor, Inc. (NYSE:OMI) by 5.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,092 shares of the company’s stock after acquiring an additional 4,846 shares during the period. Legal & General Group Plc owned 0.17% of Owens & Minor worth $3,286,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. PNC Financial Services Group Inc. grew its stake in Owens & Minor by 0.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,269 shares of the company’s stock valued at $251,000 after acquiring an additional 20 shares in the last quarter. Security National Bank of Sioux City Iowa IA grew its stake in Owens & Minor by 0.3% during the 1st quarter. Security National Bank of Sioux City Iowa IA now owns 18,604 shares of the company’s stock valued at $644,000 after acquiring an additional 49 shares in the last quarter. Creative Planning grew its stake in Owens & Minor by 2.9% during the 2nd quarter. Creative Planning now owns 4,021 shares of the company’s stock valued at $129,000 after acquiring an additional 113 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in Owens & Minor by 0.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 21,786 shares of the company’s stock valued at $702,000 after purchasing an additional 120 shares during the last quarter. Finally, Mason Street Advisors LLC boosted its holdings in Owens & Minor by 0.4% in the 1st quarter. Mason Street Advisors LLC now owns 28,835 shares of the company’s stock valued at $998,000 after purchasing an additional 128 shares during the last quarter. 97.82% of the stock is owned by institutional investors.
ILLEGAL ACTIVITY WARNING: This news story was originally posted by Daily Political and is owned by of Daily Political. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The original version of this news story can be viewed at https://www.dailypolitical.com/2017/09/17/legal-general-group-plc-increases-position-in-owens-minor-inc-omi.html.
Several equities analysts have weighed in on OMI shares. Jefferies Group LLC set a $36.00 target price on shares of Owens & Minor and gave the company a “hold” rating in a report on Monday, May 22nd. BidaskClub upgraded shares of Owens & Minor from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Zacks Investment Research upgraded shares of Owens & Minor from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, UBS AG reiterated a “sell” rating and issued a $29.50 target price (down from $30.50) on shares of Owens & Minor in a report on Thursday, August 3rd. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $31.10.
Owens & Minor, Inc. (NYSE OMI) opened at 28.60 on Friday. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 18.19 and a beta of 1.04. The firm has a 50-day moving average of $28.51 and a 200 day moving average of $32.03. Owens & Minor, Inc. has a 12-month low of $26.91 and a 12-month high of $37.02.
Owens & Minor (NYSE:OMI) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $0.43 EPS for the quarter, hitting analysts’ consensus estimates of $0.43. The business had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.38 billion. Owens & Minor had a net margin of 1.02% and a return on equity of 11.64%. The company’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 earnings per share. On average, equities analysts predict that Owens & Minor, Inc. will post $1.92 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.2575 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.03 dividend on an annualized basis and a dividend yield of 3.60%. Owens & Minor’s dividend payout ratio (DPR) is presently 65.19%.
Owens & Minor Company Profile
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).
Receive News & Ratings for Owens & Minor Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens & Minor Inc. and related companies with MarketBeat.com's FREE daily email newsletter.