ProShare Advisors LLC raised its position in Owens & Minor, Inc. (NYSE:OMI) by 8.7% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 499,541 shares of the company’s stock after buying an additional 39,968 shares during the period. ProShare Advisors LLC owned about 0.82% of Owens & Minor worth $16,080,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Meadow Creek Investment Management LLC boosted its position in Owens & Minor by 23.0% in the 1st quarter. Meadow Creek Investment Management LLC now owns 3,300 shares of the company’s stock valued at $114,000 after buying an additional 616 shares during the last quarter. Creative Planning boosted its position in Owens & Minor by 2.9% in the 2nd quarter. Creative Planning now owns 4,021 shares of the company’s stock valued at $129,000 after buying an additional 113 shares during the last quarter. LS Investment Advisors LLC boosted its position in Owens & Minor by 17.1% in the 2nd quarter. LS Investment Advisors LLC now owns 4,987 shares of the company’s stock valued at $161,000 after buying an additional 727 shares during the last quarter. Elkfork Partners LLC boosted its position in Owens & Minor by 23.0% in the 1st quarter. Elkfork Partners LLC now owns 5,100 shares of the company’s stock valued at $176,000 after buying an additional 952 shares during the last quarter. Finally, North Star Investment Management Corp. boosted its position in Owens & Minor by 121.0% in the 2nd quarter. North Star Investment Management Corp. now owns 5,667 shares of the company’s stock valued at $182,000 after buying an additional 3,103 shares during the last quarter. Hedge funds and other institutional investors own 97.82% of the company’s stock.

A number of brokerages have commented on OMI. BidaskClub upgraded Owens & Minor from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Zacks Investment Research upgraded Owens & Minor from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Jefferies Group LLC set a $36.00 price objective on Owens & Minor and gave the company a “hold” rating in a research report on Monday, May 22nd. Finally, UBS AG reiterated a “sell” rating and issued a $29.50 price objective (down from $30.50) on shares of Owens & Minor in a research report on Wednesday, August 9th. Three research 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. Owens & Minor currently has a consensus rating of “Hold” and an average target price of $31.10.

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Owens & Minor, Inc. (NYSE OMI) traded up 0.28% on Friday, hitting $28.60. The stock had a trading volume of 1,197,847 shares. The company has a 50 day moving average of $28.51 and a 200 day moving average of $32.03. The company has a market capitalization of $1.75 billion, a PE ratio of 18.19 and a beta of 1.04. 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 data on Tuesday, August 1st. The company reported $0.43 earnings per share for the quarter, hitting the consensus estimate of $0.43. Owens & Minor had a net margin of 1.02% and a return on equity of 11.64%. The company had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.38 billion. During the same quarter in the previous year, the firm posted $0.52 earnings per share. Owens & Minor’s revenue for the quarter was down 8.8% on a year-over-year basis. On average, equities analysts expect that Owens & Minor, Inc. will post $1.92 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $0.2575 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.03 annualized dividend and a dividend yield of 3.60%. Owens & Minor’s dividend payout ratio is 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).

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

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