Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of Cencora, Inc. (NYSE:COR – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 16,494 shares of the company’s stock, valued at approximately $5,181,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Kemnay Advisory Services Inc. acquired a new position in Cencora in the 4th quarter worth about $25,000. Oakworth Capital Inc. acquired a new stake in Cencora during the 4th quarter worth approximately $26,000. Elyxium Wealth LLC bought a new stake in Cencora during the 4th quarter worth approximately $27,000. Archer Investment Corp grew its holdings in Cencora by 134.3% during the 4th quarter. Archer Investment Corp now owns 82 shares of the company’s stock worth $28,000 after acquiring an additional 47 shares during the last quarter. Finally, Motiv8 Investments LLC acquired a new position in Cencora in the 4th quarter valued at approximately $29,000. Institutional investors own 97.52% of the company’s stock.
Cencora Price Performance
Shares of NYSE:COR opened at $307.72 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.59 and a debt-to-equity ratio of 3.40. The stock’s fifty day simple moving average is $279.98 and its two-hundred day simple moving average is $317.68. Cencora, Inc. has a 1-year low of $244.82 and a 1-year high of $377.54. The stock has a market cap of $59.87 billion, a PE ratio of 23.60, a price-to-earnings-growth ratio of 1.71 and a beta of 0.58.
Cencora Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were given a $0.60 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $2.40 annualized dividend and a yield of 0.8%. Cencora’s payout ratio is currently 18.40%.
Cencora declared that its board has authorized a stock repurchase program on Thursday, May 21st that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the company to reacquire up to 3.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on COR. Evercore set a $360.00 price target on shares of Cencora in a report on Wednesday, April 8th. Citigroup lowered their target price on Cencora from $405.00 to $355.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. William Blair initiated coverage on Cencora in a report on Tuesday, April 28th. They set a “market perform” rating on the stock. Robert W. Baird cut their price objective on Cencora from $420.00 to $339.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. Finally, Barclays reduced their target price on Cencora from $425.00 to $350.00 and set an “overweight” rating on the stock in a report on Wednesday, June 10th. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $367.75.
Check Out Our Latest Analysis on Cencora
Insiders Place Their Bets
In other news, Director Lauren M. Tyler acquired 550 shares of Cencora stock in a transaction on Monday, June 22nd. The stock was acquired at an average cost of $270.23 per share, with a total value of $148,626.50. Following the completion of the acquisition, the director owned 4,359 shares in the company, valued at approximately $1,177,932.57. This trade represents a 14.44% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.38% of the stock is currently owned by insiders.
Cencora Company Profile
Cencora (NYSE:COR) is a global healthcare services and pharmaceutical distribution company that provides end-to-end solutions across the pharmaceutical supply chain. The company’s core activities include wholesale drug distribution, specialty drug distribution, and the operation of specialty pharmacies, complemented by logistics, cold-chain management and other fulfillment services designed to support complex and temperature-sensitive therapies.
Beyond physical distribution, Cencora offers a range of commercial and patient-focused services for pharmaceutical manufacturers and healthcare providers.
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