Raymond James Trust N.A. Sells 260 Shares of Owens & Minor, Inc. (OMI)

Raymond James Trust N.A. lessened its stake in Owens & Minor, Inc. (NYSE:OMI) by 1.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,747 shares of the company’s stock after selling 260 shares during the period. Raymond James Trust N.A.’s holdings in Owens & Minor were worth $700,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of OMI. BlackRock Inc. boosted its holdings in Owens & Minor by 8,301.0% in the 1st quarter. BlackRock Inc. now owns 7,423,066 shares of the company’s stock valued at $256,840,000 after purchasing an additional 7,334,707 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Owens & Minor by 8.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,567,308 shares of the company’s stock valued at $88,828,000 after purchasing an additional 202,892 shares in the last quarter. State Street Corp boosted its holdings in Owens & Minor by 3.8% in the 1st quarter. State Street Corp now owns 2,264,425 shares of the company’s stock valued at $78,346,000 after purchasing an additional 83,793 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Owens & Minor by 136.5% in the 1st quarter. JPMorgan Chase & Co. now owns 1,609,977 shares of the company’s stock valued at $55,705,000 after purchasing an additional 929,196 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its holdings in Owens & Minor by 2.3% in the 1st quarter. Macquarie Group Ltd. now owns 1,272,360 shares of the company’s stock valued at $44,024,000 after purchasing an additional 29,095 shares in the last quarter. Hedge funds and other institutional investors own 97.82% of the company’s stock.

Shares of Owens & Minor, Inc. (NYSE:OMI) opened at 28.51 on Friday. The firm has a 50-day moving average price of $28.62 and a 200-day moving average price of $32.09. Owens & Minor, Inc. has a one year low of $26.91 and a one year high of $37.02. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 18.14 and a beta of 1.04.

Owens & Minor (NYSE:OMI) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. Owens & Minor had a net margin of 1.02% and a return on equity of 11.64%. The company had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same quarter last year, the business earned $0.52 earnings per share. Owens & Minor’s revenue was down 8.8% compared to the same quarter last year. Analysts anticipate that Owens & Minor, Inc. will post $1.92 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.2575 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.03 annualized dividend and a dividend yield of 3.61%. Owens & Minor’s payout ratio is currently 65.19%.

OMI has been the topic of a number of analyst reports. Zacks Investment Research raised Owens & Minor from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a report on Friday, August 4th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $36.00 price objective on shares of Owens & Minor in a report on Friday, July 7th. BidaskClub raised Owens & Minor from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Robert W. Baird raised Owens & Minor from an “underperform” rating to a “neutral” rating and set a $28.00 price objective on the stock in a report on Friday, September 1st. Finally, UBS AG reaffirmed a “sell” rating and issued a $29.50 price objective (down previously from $30.50) on shares of Owens & Minor in a report on Thursday, August 3rd. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $31.10.

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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).

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

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