Schmidt P J Investment Management Inc. cut its stake in shares of Express Scripts Holding Co. (NASDAQ:ESRX) by 6.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,705 shares of the company’s stock after selling 850 shares during the period. Schmidt P J Investment Management Inc.’s holdings in Express Scripts Holding were worth $887,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. TNB Financial raised its position in Express Scripts Holding by 8.5% in the first quarter. TNB Financial now owns 101,386 shares of the company’s stock valued at $6,964,000 after buying an additional 7,972 shares during the period. Manning & Napier Advisors LLC raised its position in Express Scripts Holding by 6.3% in the first quarter. Manning & Napier Advisors LLC now owns 3,655,680 shares of the company’s stock valued at $251,107,000 after buying an additional 217,844 shares during the period. Acadian Asset Management LLC raised its position in Express Scripts Holding by 233.0% in the first quarter. Acadian Asset Management LLC now owns 390,081 shares of the company’s stock valued at $26,799,000 after buying an additional 272,942 shares during the period. Osborn Rohs Williams & Donohoe Ltd raised its position in Express Scripts Holding by 18.1% in the first quarter. Osborn Rohs Williams & Donohoe Ltd now owns 8,628 shares of the company’s stock valued at $593,000 after buying an additional 1,325 shares during the period. Finally, Independent Portfolio Consultants Inc. raised its position in Express Scripts Holding by 11.8% in the first quarter. Independent Portfolio Consultants Inc. now owns 8,937 shares of the company’s stock valued at $614,000 after buying an additional 945 shares during the period. 88.48% of the stock is currently owned by institutional investors and hedge funds.

Shares of Express Scripts Holding Co. (NASDAQ:ESRX) traded down 0.36% on Monday, reaching $69.96. The company’s stock had a trading volume of 1,306,436 shares. Express Scripts Holding Co. has a 52 week low of $65.55 and a 52 week high of $89.20. The stock has a market capitalization of $44.09 billion, a price-to-earnings ratio of 17.29 and a beta of 1.31. The stock has a 50-day moving average of $74.93 and a 200 day moving average of $73.73.

Express Scripts Holding (NASDAQ:ESRX) last issued its quarterly earnings results on Monday, July 25th. The company reported $1.57 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.57. The business earned $25.20 billion during the quarter, compared to analysts’ expectations of $25.42 billion. Express Scripts Holding had a return on equity of 23.98% and a net margin of 2.64%. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.44 earnings per share. On average, analysts expect that Express Scripts Holding Co. will post $6.37 EPS for the current year.

Several equities analysts recently commented on ESRX shares. Zacks Investment Research lowered Express Scripts Holding from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Leerink Swann reissued a “market perform” rating and set a $80.00 price target on shares of Express Scripts Holding in a research report on Thursday, September 1st. Barclays PLC boosted their price target on Express Scripts Holding from $85.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 27th. Citigroup Inc. reissued a “buy” rating on shares of Express Scripts Holding in a research report on Tuesday, May 24th. Finally, Sanford C. Bernstein initiated coverage on Express Scripts Holding in a report on Thursday, June 16th. They set an “underperform” rating and a $68.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $82.05.

In other Express Scripts Holding news, VP Christopher A. Mcginnis sold 1,785 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $70.77, for a total transaction of $126,324.45. Following the completion of the transaction, the vice president now directly owns 4,955 shares in the company, valued at $350,665.35. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Woodrow A. Myers, Jr. sold 12,036 shares of the business’s stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $70.40, for a total transaction of $847,334.40. Following the transaction, the director now owns 14,918 shares of the company’s stock, valued at $1,050,227.20. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

Express Scripts Holding Company 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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