Callahan Advisors LLC decreased its position in shares of Express Scripts Holding Company (NASDAQ:ESRX) by 28.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,555 shares of the company’s stock after selling 6,902 shares during the quarter. Callahan Advisors LLC’s holdings in Express Scripts Holding were worth $1,112,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently bought and sold shares of the company. Dodge & Cox boosted its holdings in Express Scripts Holding by 25.7% in the second quarter. Dodge & Cox now owns 36,188,517 shares of the company’s stock worth $2,310,275,000 after purchasing an additional 7,388,021 shares during the last quarter. Pzena Investment Management LLC purchased a new stake in Express Scripts Holding in the second quarter worth approximately $181,234,000. Renaissance Technologies LLC boosted its holdings in Express Scripts Holding by 9,353.3% in the first quarter. Renaissance Technologies LLC now owns 1,308,239 shares of the company’s stock worth $86,226,000 after purchasing an additional 1,294,400 shares during the last quarter. Baupost Group LLC MA purchased a new stake in Express Scripts Holding in the first quarter worth approximately $80,978,000. Finally, Northern Trust Corp boosted its holdings in Express Scripts Holding by 12.2% in the second quarter. Northern Trust Corp now owns 11,068,777 shares of the company’s stock worth $706,629,000 after purchasing an additional 1,206,980 shares during the last quarter. Hedge funds and other institutional investors own 89.44% of the company’s stock.
Several research analysts have weighed in on ESRX shares. Jefferies Group LLC reiterated a “buy” rating on shares of Express Scripts Holding in a research report on Thursday, October 26th. Royal Bank Of Canada set a $66.00 price target on shares of Express Scripts Holding and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Robert W. Baird increased their price target on shares of Express Scripts Holding from $57.00 to $59.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Mizuho set a $67.00 price objective on shares of Express Scripts Holding and gave the company a “hold” rating in a research report on Tuesday, October 24th. Finally, Zacks Investment Research downgraded shares of Express Scripts Holding from a “buy” rating to a “sell” rating in a research report on Tuesday, October 24th. Seven analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $69.53.
In related news, CEO Timothy C. Wentworth acquired 8,000 shares of the stock in a transaction on Tuesday, October 31st. The stock was bought at an average cost of $61.13 per share, with a total value of $489,040.00. Following the transaction, the chief executive officer now directly owns 98,628 shares in the company, valued at $6,029,129.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Everett Neville sold 1,163 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $61.48, for a total transaction of $71,501.24. Following the completion of the sale, the vice president now directly owns 18,232 shares of the company’s stock, valued at $1,120,903.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,284 shares of company stock valued at $397,421. 0.68% of the stock is owned by corporate insiders.
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Express Scripts Holding Company (ESRX) opened at $60.25 on Wednesday. Express Scripts Holding Company has a 52 week low of $55.80 and a 52 week high of $77.50. The company has a current ratio of 0.73, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86. The company has a market cap of $34,480.00, a PE ratio of 8.78, a P/E/G ratio of 0.89 and a beta of 0.88.
Express Scripts Holding (NASDAQ:ESRX) last released its quarterly earnings data on Tuesday, October 24th. The company reported $1.90 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.90. The company had revenue of $24.68 billion during the quarter, compared to analysts’ expectations of $25.68 billion. Express Scripts Holding had a net margin of 3.64% and a return on equity of 25.46%. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.74 EPS. analysts predict that Express Scripts Holding Company will post 7.01 earnings per share for the current year.
About Express Scripts Holding
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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