People s United Financial Inc. trimmed its holdings in shares of Express Scripts Holding Company (NASDAQ:ESRX) by 13.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,773 shares of the company’s stock after selling 5,612 shares during the quarter. People s United Financial Inc.’s holdings in Express Scripts Holding were worth $2,283,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Dodge & Cox grew its stake in Express Scripts Holding by 25.7% during the second quarter. Dodge & Cox now owns 36,188,517 shares of the company’s stock worth $2,310,275,000 after buying an additional 7,388,021 shares in the last quarter. Pzena Investment Management LLC acquired a new stake in shares of Express Scripts Holding in the 2nd quarter valued at approximately $181,234,000. Renaissance Technologies LLC boosted its stake in shares of Express Scripts Holding by 9,353.3% in the 1st quarter. Renaissance Technologies LLC now owns 1,308,239 shares of the company’s stock valued at $86,226,000 after purchasing an additional 1,294,400 shares in the last quarter. Baupost Group LLC MA acquired a new stake in shares of Express Scripts Holding in the 1st quarter valued at approximately $80,978,000. Finally, Northern Trust Corp boosted its stake in shares of Express Scripts Holding by 12.2% in the 2nd quarter. Northern Trust Corp now owns 11,068,777 shares of the company’s stock valued at $706,629,000 after purchasing an additional 1,206,980 shares in the last quarter. 88.69% of the stock is currently owned by institutional investors and hedge funds.
In related news, VP Everett Neville sold 1,163 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $61.48, for a total transaction of $71,501.24. Following the sale, the vice president now directly owns 18,232 shares of the company’s stock, valued at $1,120,903.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Phyllis S. Anderson sold 578 shares of the stock in a transaction on Friday, September 8th. The shares were sold at an average price of $63.13, for a total value of $36,489.14. Following the sale, the vice president now directly owns 10,530 shares in the company, valued at $664,758.90. The disclosure for this sale can be found here. Insiders have sold 5,641 shares of company stock valued at $357,317 over the last 90 days. Corporate insiders own 0.68% of the company’s stock.
Shares of Express Scripts Holding Company (ESRX) opened at 57.67 on Friday. The firm has a market cap of $33.31 billion, a P/E ratio of 10.01 and a beta of 0.88. Express Scripts Holding Company has a 52-week low of $57.41 and a 52-week high of $77.50. The company has a 50-day moving average of $61.96 and a 200 day moving average of $62.50.
Express Scripts Holding (NASDAQ:ESRX) last posted its quarterly earnings data on Tuesday, July 25th. The company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.02. Express Scripts Holding had a return on equity of 25.58% and a net margin of 3.50%. The business had revenue of $25.35 billion during the quarter, compared to the consensus estimate of $25.52 billion. During the same quarter in the prior year, the company earned $1.57 earnings per share. The firm’s quarterly revenue was up .5% compared to the same quarter last year. On average, equities analysts expect that Express Scripts Holding Company will post $6.99 earnings per share for the current year.
A number of equities research analysts have recently weighed in on the stock. Raymond James Financial, Inc. restated an “underperform” rating on shares of Express Scripts Holding in a research note on Monday. UBS AG downgraded shares of Express Scripts Holding from a “market perform” rating to an “underperform” rating in a research note on Monday. ValuEngine upgraded shares of Express Scripts Holding from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Royal Bank Of Canada assumed coverage on shares of Express Scripts Holding in a research note on Tuesday, September 19th. They issued a “sector perform” rating and a $68.00 price target on the stock. Finally, Robert W. Baird restated a “hold” rating and issued a $56.00 price target on shares of Express Scripts Holding in a research note on Friday, September 1st. Six investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Express Scripts Holding presently has a consensus rating of “Hold” and a consensus price target of $69.45.
Express Scripts Holding 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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