Bessemer Group Inc. trimmed its holdings in Owens & Minor, Inc. (NYSE:OMI) by 5.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,337 shares of the company’s stock after selling 3,700 shares during the quarter. Bessemer Group Inc. owned about 0.11% of Owens & Minor worth $1,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. PNC Financial Services Group Inc. increased its stake in shares of Owens & Minor by 0.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,269 shares of the company’s stock worth $251,000 after acquiring an additional 20 shares in the last quarter. Isthmus Partners LLC increased its stake in shares of Owens & Minor by 0.4% in the 2nd quarter. Isthmus Partners LLC now owns 17,425 shares of the company’s stock worth $561,000 after acquiring an additional 74 shares in the last quarter. Blair William & Co. IL increased its stake in shares of Owens & Minor by 0.5% in the 2nd quarter. Blair William & Co. IL now owns 20,638 shares of the company’s stock worth $664,000 after acquiring an additional 97 shares in the last quarter. Creative Planning increased its stake in shares of Owens & Minor by 2.9% in the 2nd quarter. Creative Planning now owns 4,021 shares of the company’s stock worth $129,000 after acquiring an additional 113 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its stake in shares of Owens & Minor by 0.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 21,786 shares of the company’s stock worth $702,000 after acquiring an additional 120 shares in the last quarter. Institutional investors own 97.37% of the company’s stock.

Shares of Owens & Minor, Inc. (NYSE:OMI) opened at $18.69 on Tuesday. Owens & Minor, Inc. has a 1 year low of $18.07 and a 1 year high of $37.02. The company has a market cap of $1,120.26, a PE ratio of 10.39, a P/E/G ratio of 1.96 and a beta of 0.97. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.95 and a current ratio of 1.77.

Owens & Minor (NYSE:OMI) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.10). Owens & Minor had a net margin of 0.83% and a return on equity of 10.85%. The firm had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same period last year, the company posted $0.51 earnings per share. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. equities analysts predict that Owens & Minor, Inc. will post 1.78 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.2575 per share. This represents a $1.03 annualized dividend and a yield of 5.51%. The ex-dividend date is Thursday, December 14th. Owens & Minor’s dividend payout ratio (DPR) is 80.47%.

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Several research analysts recently issued reports on OMI shares. Zacks Investment Research lowered shares of Owens & Minor from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th. Leerink Swann reissued a “market perform” rating and set a $23.00 price objective (down from $34.00) on shares of Owens & Minor in a research report on Thursday, November 2nd. Robert W. Baird reissued a “hold” rating and set a $28.00 price objective on shares of Owens & Minor in a research report on Thursday, October 12th. UBS AG reissued a “sell” rating and set a $29.50 price objective (down from $30.50) on shares of Owens & Minor in a research report on Wednesday, August 9th. Finally, BidaskClub downgraded shares of Owens & Minor from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Owens & Minor currently has a consensus rating of “Hold” and an average target price of $29.30.

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).

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

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