Prudential Financial Inc. Increases Stake in Owens & Minor, Inc. (OMI)
Prudential Financial Inc. increased its stake in Owens & Minor, Inc. (NYSE:OMI) by 7.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,630 shares of the company’s stock after buying an additional 4,563 shares during the period. Prudential Financial Inc. owned about 0.11% of Owens & Minor worth $2,418,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of OMI. SevenBridge Financial Group LLC acquired a new position in shares of Owens & Minor during the second quarter valued at about $144,000. LS Investment Advisors LLC boosted its position in Owens & Minor by 66.2% in the second quarter. LS Investment Advisors LLC now owns 4,144 shares of the company’s stock worth $155,000 after buying an additional 1,650 shares during the last quarter. Sei Investments Co. boosted its position in Owens & Minor by 345.7% in the third quarter. Sei Investments Co. now owns 5,478 shares of the company’s stock worth $191,000 after buying an additional 4,249 shares during the last quarter. Bank of Hawaii purchased a new position in Owens & Minor during the third quarter worth $210,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Owens & Minor during the second quarter worth $224,000. Institutional investors and hedge funds own 93.58% of the company’s stock.
Owens & Minor, Inc. (NYSE:OMI) opened at 36.95 on Friday. The stock has a market cap of $2.27 billion, a PE ratio of 20.19 and a beta of 1.01. Owens & Minor, Inc. has a 12-month low of $30.43 and a 12-month high of $41.48. The firm has a 50-day moving average of $35.25 and a 200-day moving average of $34.59.
Owens & Minor (NYSE:OMI) last issued its earnings results on Tuesday, November 1st. The company reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. Owens & Minor had a net margin of 1.16% and a return on equity of 13.08%. The business earned $2.42 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same quarter in the prior year, the business posted $0.54 EPS. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. Equities analysts predict that Owens & Minor, Inc. will post $2.03 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Thursday, December 15th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 2.44%. The ex-dividend date was Tuesday, December 13th. Owens & Minor’s payout ratio is 55.74%.
OMI has been the subject of a number of recent analyst reports. Bank of America Corporation cut shares of Owens & Minor from a “neutral” rating to an “underperform” rating and set a $32.00 price objective for the company. in a report on Monday, November 7th. Zacks Investment Research cut shares of Owens & Minor from a “hold” rating to a “sell” rating in a report on Wednesday, January 4th. Four investment analysts have rated the stock with a sell rating and one has assigned a hold rating to the stock. The company has a consensus rating of “Sell” and an average target price of $35.50.
In other news, SVP Charles C. Colpo sold 7,500 shares of the company’s stock in a transaction on Monday, November 28th. The shares were sold at an average price of $34.33, for a total value of $257,475.00. Following the completion of the transaction, the senior vice president now owns 38,829 shares in the company, valued at approximately $1,332,999.57. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Craig R. Smith sold 25,000 shares of the company’s stock in a transaction on Monday, January 9th. The shares were sold at an average price of $36.22, for a total transaction of $905,500.00. Following the completion of the transaction, the director now owns 69,732 shares of the company’s stock, valued at approximately $2,525,693.04. The disclosure for this sale can be found here. 1.72% of the stock is currently owned by insiders.
About Owens & Minor
Owens & Minor, Inc is a global healthcare services company. The Company provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products, supplies and devices in the United States and Europe. The Company operates in two segments: Domestic and International.
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