California Public Employees Retirement System boosted its holdings in shares of Owens & Minor, Inc. (NYSE:OMI) by 17.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 252,208 shares of the company’s stock after buying an additional 36,843 shares during the period. California Public Employees Retirement System owned approximately 0.41% of Owens & Minor worth $4,762,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its position in Owens & Minor by 3,167.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,274 shares of the company’s stock valued at $118,000 after buying an additional 6,082 shares during the period. Oppenheimer & Co. Inc. raised its position in Owens & Minor by 42.9% during the third quarter. Oppenheimer & Co. Inc. now owns 9,376 shares of the company’s stock valued at $274,000 after buying an additional 2,816 shares during the period. Wayne Hummer Investments L.L.C. acquired a new position in Owens & Minor during the third quarter valued at $337,000. Crossmark Global Holdings Inc. acquired a new position in Owens & Minor in the 3rd quarter worth about $376,000. Finally, Janney Montgomery Scott LLC increased its position in Owens & Minor by 30.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 13,821 shares of the company’s stock worth $404,000 after purchasing an additional 3,196 shares during the last quarter. 97.12% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have weighed in on OMI. Zacks Investment Research raised Owens & Minor from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Barclays began coverage on Owens & Minor in a research report on Thursday, March 8th. They issued an “underweight” rating and a $16.00 target price on the stock. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $22.00 target price on shares of Owens & Minor in a research report on Tuesday, December 19th. Credit Suisse Group reaffirmed an “underperform” rating and issued a $17.00 target price (down from $31.00) on shares of Owens & Minor in a research report on Monday, November 20th. Finally, ValuEngine lowered Owens & Minor from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Six research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $24.28.
Owens & Minor (NYSE:OMI) last released its quarterly earnings results on Wednesday, February 14th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. The company had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.34 billion. Owens & Minor had a return on equity of 9.63% and a net margin of 0.78%. The firm’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.52 EPS. sell-side analysts anticipate that Owens & Minor, Inc. will post 2.06 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 5.99%. The ex-dividend date is Wednesday, March 14th. This is an increase from Owens & Minor’s previous quarterly dividend of $0.26. Owens & Minor’s dividend payout ratio is 166.13%.
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About Owens & Minor
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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