Commonwealth Equity Services Inc cut its stake in shares of Owens & Minor, Inc. (NYSE:OMI) by 7.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,069 shares of the company’s stock after selling 6,578 shares during the period. Commonwealth Equity Services Inc owned 0.13% of Owens & Minor worth $2,308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of OMI. Isthmus Partners LLC grew its stake in shares of Owens & Minor by 0.4% during the second quarter. Isthmus Partners LLC now owns 17,425 shares of the company’s stock valued at $561,000 after buying an additional 74 shares during the last quarter. Blair William & Co. IL grew its stake in shares of Owens & Minor by 0.5% during the second quarter. Blair William & Co. IL now owns 20,638 shares of the company’s stock valued at $664,000 after buying an additional 97 shares during the last quarter. Creative Planning grew its stake in shares of Owens & Minor by 2.9% during the second 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. Security National Bank of Sioux City Iowa IA grew its stake in shares of Owens & Minor by 1.4% during the second quarter. Security National Bank of Sioux City Iowa IA now owns 18,871 shares of the company’s stock valued at $607,000 after buying an additional 267 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC grew its stake in shares of Owens & Minor by 3.1% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 10,840 shares of the company’s stock valued at $405,000 after buying an additional 321 shares during the last quarter. Institutional investors and hedge funds own 97.10% of the company’s stock.

A number of research analysts have recently commented on the company. UBS Group AG reaffirmed a “sell” rating and set a $29.50 target price (down previously from $30.50) on shares of Owens & Minor in a research note on Wednesday, August 9th. Jefferies Group LLC reaffirmed a “hold” rating and set a $32.00 target price (down previously from $36.00) on shares of Owens & Minor in a research note on Wednesday, August 9th. Zacks Investment Research raised Owens & Minor from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research note on Friday, August 4th. BidaskClub cut Owens & Minor from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Finally, Leerink Swann reaffirmed a “market perform” rating and set a $23.00 target price (down previously from $34.00) on shares of Owens & Minor in a research note on Thursday, November 2nd. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Owens & Minor presently has an average rating of “Hold” and an average target price of $27.25.

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Owens & Minor, Inc. (OMI) opened at $19.00 on Thursday. Owens & Minor, Inc. has a 52 week low of $17.75 and a 52 week high of $37.02. The stock has a market capitalization of $1,126.99, a P/E ratio of 10.45, a P/E/G ratio of 1.97 and a beta of 0.97. The company has a quick ratio of 0.95, a current ratio of 1.77 and a debt-to-equity ratio of 0.91.

Owens & Minor (NYSE:OMI) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.10). Owens & Minor had a return on equity of 10.85% and a net margin of 0.83%. The firm had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period last year, the company earned $0.51 EPS. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. analysts expect that Owens & Minor, Inc. will post 1.78 EPS for the current 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 paid a $0.2575 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.03 annualized dividend and a yield of 5.42%. Owens & Minor’s dividend payout ratio (DPR) is currently 80.47%.

Owens & Minor 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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