Mutual of Omaha Bank Wealth Management purchased a new stake in Express Scripts Holding (NASDAQ:ESRX) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,249 shares of the company’s stock, valued at approximately $317,000.
A number of other large investors have also recently made changes to their positions in ESRX. SeaCrest Wealth Management LLC bought a new stake in shares of Express Scripts during the 4th quarter worth $105,000. Bank of Nova Scotia Trust Co. bought a new stake in shares of Express Scripts during the 3rd quarter worth $120,000. Monroe Bank & Trust MI lifted its holdings in shares of Express Scripts by 74.8% during the 3rd quarter. Monroe Bank & Trust MI now owns 2,266 shares of the company’s stock worth $156,000 after acquiring an additional 970 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Express Scripts during the 4th quarter worth $183,000. Finally, Atlas Brown Inc. bought a new stake in shares of Express Scripts during the 4th quarter worth $212,000. 87.46% of the stock is owned by hedge funds and other institutional investors.
In other Express Scripts news, VP Glen D. Stettin sold 3,449 shares of the business’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $81.00, for a total value of $279,369.00. Following the transaction, the vice president now owns 33,715 shares in the company, valued at $2,730,915. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Glen D. Stettin sold 3,448 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $76.00, for a total transaction of $262,048.00. The disclosure for this sale can be found here. Insiders sold 17,001 shares of company stock worth $1,249,505 in the last 90 days. Corporate insiders own 0.68% of the company’s stock.
A number of analysts have recently issued reports on the stock. Mizuho set a $86.00 price objective on shares of Express Scripts and gave the stock a “hold” rating in a report on Wednesday, January 24th. SunTrust Banks reaffirmed a “buy” rating and set a $95.00 price objective on shares of Express Scripts in a report on Friday, January 12th. Royal Bank of Canada raised shares of Express Scripts from a “sector perform” rating to an “outperform” rating and set a $68.00 price target for the company in a research note on Wednesday, January 31st. Sanford C. Bernstein downgraded shares of Express Scripts from a “market perform” rating to an “underperform” rating and boosted their price target for the stock from $55.80 to $77.50 in a research note on Tuesday, January 30th. Finally, BidaskClub downgraded shares of Express Scripts from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Six equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $78.23.
Express Scripts Holding (NASDAQ ESRX) opened at $73.59 on Wednesday. Express Scripts Holding has a 52-week low of $55.80 and a 52-week high of $83.49. The stock has a market cap of $41,282.93, a PE ratio of 10.66, a price-to-earnings-growth ratio of 0.78 and a beta of 0.93. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.73 and a quick ratio of 0.61.
Express Scripts declared that its board has initiated a share repurchase plan on Monday, December 18th that permits the company to repurchase 45,000,000 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
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Express Scripts Company Profile
Express Scripts, Inc is a pharmacy benefit management (PBM) company in North America, offering a range of services to its clients, which include health insurers, third-party administrators, employers, union-sponsored benefit plans, workers’ compensation plans and government health programs. It operates in two segments: PBM and Emerging Markets (EM).
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