Owens & Minor (NYSE:OMI) had its price objective reduced by JPMorgan Chase & Co. from $21.00 to $20.00 in a report released on Thursday morning. They currently have an underweight rating on the stock.
Several other analysts have also commented on OMI. Leerink Swann reaffirmed a market perform rating and issued a $23.00 price objective (down previously from $34.00) on shares of Owens & Minor in a research report on Thursday, November 2nd. Zacks Investment Research raised shares of Owens & Minor from a sell rating to a hold rating in a research report on Thursday, November 9th. Credit Suisse Group reiterated an underperform rating and issued a $17.00 target price (down previously from $31.00) on shares of Owens & Minor in a research note on Monday, November 20th. Finally, ValuEngine downgraded shares of Owens & Minor from a buy rating to a hold rating in a research note on Sunday, December 31st. Five research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Owens & Minor currently has a consensus rating of Sell and a consensus price target of $26.21.
Shares of Owens & Minor (NYSE:OMI) opened at $16.08 on Thursday. The company has a market cap of $984.89, a PE ratio of 10.11, a price-to-earnings-growth ratio of 1.50 and a beta of 0.92. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.67 and a quick ratio of 0.91. Owens & Minor has a 12-month low of $14.26 and a 12-month high of $36.73.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be paid a $0.26 dividend. This is an increase from Owens & Minor’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, March 14th. This represents a $1.04 annualized dividend and a dividend yield of 6.47%. Owens & Minor’s dividend payout ratio (DPR) is presently 85.12%.
Several institutional investors and hedge funds have recently bought and sold shares of OMI. Northwestern Mutual Wealth Management Co. increased its stake in shares of Owens & Minor by 3,167.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,274 shares of the company’s stock worth $118,000 after purchasing an additional 6,082 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Owens & Minor by 341.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,626 shares of the company’s stock worth $200,000 after purchasing an additional 8,219 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of Owens & Minor by 42.9% in the third quarter. Oppenheimer & Co. Inc. now owns 9,376 shares of the company’s stock worth $274,000 after purchasing an additional 2,816 shares in the last quarter. New Mexico Educational Retirement Board purchased a new position in shares of Owens & Minor in the fourth quarter worth about $287,000. Finally, QS Investors LLC grew its stake in Owens & Minor by 22.7% during the second quarter. QS Investors LLC now owns 9,737 shares of the company’s stock valued at $313,000 after acquiring an additional 1,803 shares in the last quarter. Hedge funds and other institutional investors own 98.32% of the company’s stock.
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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).
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