Erste Asset Management GmbH Sells 4,504 Shares of Cencora, Inc. $COR

Erste Asset Management GmbH cut its holdings in Cencora, Inc. (NYSE:COR) by 28.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 11,321 shares of the company’s stock after selling 4,504 shares during the quarter. Erste Asset Management GmbH’s holdings in Cencora were worth $3,488,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. IAG Wealth Partners LLC acquired a new position in shares of Cencora in the third quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC lifted its position in Cencora by 69.4% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 105 shares of the company’s stock valued at $31,000 after acquiring an additional 43 shares in the last quarter. Cloud Capital Management LLC acquired a new position in Cencora in the 3rd quarter worth $31,000. Westside Investment Management Inc. increased its holdings in Cencora by 200.0% during the 3rd quarter. Westside Investment Management Inc. now owns 105 shares of the company’s stock worth $33,000 after purchasing an additional 70 shares in the last quarter. Finally, Copia Wealth Management lifted its holdings in shares of Cencora by 505.0% in the third quarter. Copia Wealth Management now owns 121 shares of the company’s stock valued at $38,000 after purchasing an additional 101 shares in the last quarter. 97.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

COR has been the subject of a number of research reports. Robert W. Baird set a $415.00 price objective on Cencora in a report on Tuesday, January 13th. Weiss Ratings raised Cencora from a “hold (c+)” rating to a “buy (b)” rating in a research report on Thursday, February 5th. TD Cowen raised their price target on shares of Cencora from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. Bank of America cut their price objective on shares of Cencora from $380.00 to $360.00 and set a “neutral” rating on the stock in a research report on Monday, January 5th. Finally, Evercore reduced their target price on shares of Cencora from $440.00 to $420.00 and set an “outperform” rating for the company in a report on Thursday, February 5th. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $399.00.

Cencora Price Performance

Shares of COR opened at $371.86 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.51 and a debt-to-equity ratio of 3.62. The company’s fifty day simple moving average is $351.72 and its 200 day simple moving average is $333.89. Cencora, Inc. has a 1-year low of $248.59 and a 1-year high of $377.54. The company has a market cap of $72.34 billion, a price-to-earnings ratio of 44.69, a PEG ratio of 1.73 and a beta of 0.68.

Cencora (NYSE:COR) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $4.08 EPS for the quarter, beating analysts’ consensus estimates of $4.04 by $0.04. The company had revenue of $85.93 billion during the quarter, compared to the consensus estimate of $86.12 billion. Cencora had a net margin of 0.50% and a return on equity of 176.54%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $3.73 EPS. On average, research analysts forecast that Cencora, Inc. will post 15.37 earnings per share for the current fiscal year.

Cencora Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be paid a $0.60 dividend. The ex-dividend date is Friday, February 13th. This represents a $2.40 annualized dividend and a yield of 0.6%. Cencora’s dividend payout ratio is currently 28.85%.

Insider Buying and Selling at Cencora

In related news, EVP Elizabeth S. Campbell sold 3,351 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $342.10, for a total transaction of $1,146,377.10. Following the transaction, the executive vice president directly owned 23,891 shares of the company’s stock, valued at approximately $8,173,111.10. The trade was a 12.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Silvana Battaglia sold 1,677 shares of the stock in a transaction on Friday, December 19th. The shares were sold at an average price of $345.00, for a total value of $578,565.00. Following the completion of the sale, the executive vice president owned 18,796 shares in the company, valued at approximately $6,484,620. This trade represents a 8.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 15,220 shares of company stock worth $5,282,867 over the last 90 days. Company insiders own 0.38% of the company’s stock.

About Cencora

Cencora (NYSE:COR) is a global healthcare services and pharmaceutical distribution company that provides end-to-end solutions across the pharmaceutical supply chain. The company’s core activities include wholesale drug distribution, specialty drug distribution, and the operation of specialty pharmacies, complemented by logistics, cold-chain management and other fulfillment services designed to support complex and temperature-sensitive therapies.

Beyond physical distribution, Cencora offers a range of commercial and patient-focused services for pharmaceutical manufacturers and healthcare providers.