JPMorgan Chase & Co. Purchase 929,196 Shares of Owens & Minor, Inc. (OMI)

JPMorgan Chase & Co. Purchase 929,196 Shares of Owens & Minor, Inc. (OMI)

JPMorgan Chase & Co. boosted its stake in shares of Owens & Minor, Inc. (NYSE:OMI) by 136.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,609,977 shares of the company’s stock after buying an additional 929,196 shares during the period. JPMorgan Chase & Co.’s holdings in Owens & Minor were worth $55,705,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in Owens & Minor during the fourth quarter valued at approximately $27,982,000. Russell Investments Group Ltd. purchased a new position in Owens & Minor during the fourth quarter valued at approximately $11,994,000. Pzena Investment Management LLC increased its position in Owens & Minor by 18.8% in the first quarter. Pzena Investment Management LLC now owns 1,579,596 shares of the company’s stock valued at $54,654,000 after buying an additional 250,263 shares in the last quarter. Ameriprise Financial Inc. increased its position in Owens & Minor by 114.3% in the first quarter. Ameriprise Financial Inc. now owns 384,910 shares of the company’s stock valued at $13,313,000 after buying an additional 205,273 shares in the last quarter. Finally, Two Sigma Investments LP increased its position in Owens & Minor by 120.4% in the fourth quarter. Two Sigma Investments LP now owns 317,756 shares of the company’s stock valued at $11,214,000 after buying an additional 173,563 shares in the last quarter. Hedge funds and other institutional investors own 91.96% of the company’s stock.

Shares of Owens & Minor, Inc. (NYSE:OMI) traded down 0.50% during trading on Monday, hitting $32.13. The stock had a trading volume of 69,092 shares. Owens & Minor, Inc. has a 52 week low of $30.43 and a 52 week high of $38.47. The company has a market capitalization of $1.97 billion, a PE ratio of 19.10 and a beta of 0.97. The firm has a 50-day moving average price of $32.96 and a 200 day moving average price of $34.67.

Owens & Minor (NYSE:OMI) last posted its quarterly earnings data on Tuesday, May 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by $0.01. Owens & Minor had a return on equity of 13.08% and a net margin of 1.16%. The firm had revenue of $2.33 billion during the quarter. Equities analysts anticipate that Owens & Minor, Inc. will post $1.78 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be issued a $0.2575 dividend. This represents a $1.03 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Tuesday, June 13th. Owens & Minor’s payout ratio is currently 55.74%.

OMI has been the subject of several research reports. Zacks Investment Research downgraded Owens & Minor from a “hold” rating to a “sell” rating in a research report on Friday, May 5th. TheStreet downgraded Owens & Minor from a “b” rating to a “c+” rating in a research report on Thursday, May 4th. Finally, Jefferies Group LLC set a $36.00 target price on Owens & Minor and gave the company a “hold” rating in a research report on Thursday, March 16th.

In other news, EVP Rony Camil Kordahi sold 2,231 shares of the company’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $32.07, for a total value of $71,548.17. Following the completion of the transaction, the executive vice president now directly owns 27,555 shares in the company, valued at approximately $883,688.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Erika T. Davis sold 9,317 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $32.26, for a total value of $300,566.42. Following the completion of the transaction, the senior vice president now owns 63,979 shares of the company’s stock, valued at $2,063,962.54. The disclosure for this sale can be found here. Insiders sold a total of 32,848 shares of company stock valued at $1,089,762 over the last quarter. Company insiders own 1.72% of the company’s stock.

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).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “OMI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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