Envestnet Asset Management Inc. decreased its stake in Owens & Minor, Inc. (NYSE:OMI) by 7.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,568 shares of the company’s stock after selling 1,393 shares during the period. Envestnet Asset Management Inc.’s holdings in Owens & Minor were worth $643,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in OMI. Dimensional Fund Advisors LP increased its stake in shares of Owens & Minor by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,364,416 shares of the company’s stock valued at $83,441,000 after buying an additional 33,240 shares in the last quarter. Pzena Investment Management LLC increased its stake in shares of 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. Macquarie Group Ltd. increased its stake in shares of Owens & Minor by 4.3% in the fourth quarter. Macquarie Group Ltd. now owns 1,243,265 shares of the company’s stock valued at $43,875,000 after buying an additional 50,862 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Owens & Minor by 4.1% in the first quarter. Bank of New York Mellon Corp now owns 1,091,839 shares of the company’s stock valued at $37,779,000 after buying an additional 43,445 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Owens & Minor by 4.4% in the first quarter. Wells Fargo & Company MN now owns 883,813 shares of the company’s stock valued at $30,580,000 after buying an additional 37,635 shares in the last quarter. Hedge funds and other institutional investors own 99.15% of the company’s stock.

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

Owens & Minor, Inc. (NYSE:OMI) opened at 31.54 on Friday. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 18.75 and a beta of 1.04. Owens & Minor, Inc. has a 12 month low of $30.43 and a 12 month high of $38.28. The firm’s 50-day moving average is $32.41 and its 200-day moving average is $34.52.

Owens & Minor (NYSE:OMI) last announced its quarterly earnings data on Tuesday, May 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.01. The company had revenue of $2.33 billion for the quarter. Owens & Minor had a net margin of 1.08% and a return on equity of 12.28%. On average, analysts anticipate that Owens & Minor, Inc. will post $1.78 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be paid a dividend of $0.2575 per share. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $1.03 dividend on an annualized basis and a dividend yield of 3.27%. Owens & Minor’s dividend payout ratio (DPR) is presently 60.95%.

TRADEMARK VIOLATION WARNING: “Envestnet Asset Management Inc. Lowers Stake in Owens & Minor, Inc. (OMI)” was reported by Financial Market News and is owned by of Financial Market News. If you are reading this article on another domain, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this article can be read at https://www.financial-market-news.com/2017/06/17/envestnet-asset-management-inc-lowers-stake-in-owens-minor-inc-omi.html.

Several brokerages have recently commented on OMI. BidaskClub upgraded shares of Owens & Minor from a “sell” rating to a “hold” rating in a report on Tuesday. Jefferies Group LLC set a $36.00 price target on shares of Owens & Minor and gave the company a “hold” rating in a research report on Thursday, March 16th. TheStreet lowered shares of Owens & Minor from a “b” rating to a “c+” rating in a research report on Thursday, May 4th. Finally, Zacks Investment Research lowered shares of Owens & Minor from a “hold” rating to a “sell” rating in a research report on Friday, May 5th. Two research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. Owens & Minor presently has a consensus rating of “Hold” and an average target price of $34.00.

In other Owens & Minor news, Director Craig R. Smith sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, April 17th. The stock was sold at an average price of $33.79, for a total value of $675,800.00. Following the completion of the transaction, the director now directly owns 25,753 shares in the company, valued at approximately $870,193.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Rony Camil Kordahi sold 2,231 shares of the company’s stock in a transaction that occurred on 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 owns 27,555 shares of the company’s stock, valued at $883,688.85. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,848 shares of company stock valued at $1,089,762. 1.68% of the stock is currently owned by corporate insiders.

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).

Want to see what other hedge funds are holding OMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Owens & Minor, Inc. (NYSE:OMI).

Receive News & Ratings for Owens & Minor Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens & Minor Inc. and related companies with MarketBeat.com's FREE daily email newsletter.