Arbejdsmarkedets Tillaegspension bought a new position in shares of Cencora, Inc. (NYSE:COR – Free Report) during the 4th quarter, HoldingsChannel reports. The firm bought 68,958 shares of the company’s stock, valued at approximately $23,291,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Oakworth Capital Inc. bought a new position in shares of Cencora during the 4th quarter valued at about $26,000. Archer Investment Corp grew its stake in shares of Cencora by 134.3% in the fourth quarter. Archer Investment Corp now owns 82 shares of the company’s stock worth $28,000 after acquiring an additional 47 shares during the last quarter. Optima Capital LLC bought a new stake in shares of Cencora in the 4th quarter worth $31,000. IAG Wealth Partners LLC purchased a new stake in Cencora during the third quarter valued at $30,000. Finally, Cloud Capital Management LLC bought a new position in Cencora in the 3rd quarter worth $31,000. Hedge funds and other institutional investors own 97.52% of the company’s stock.
Cencora Stock Down 1.6%
COR stock opened at $256.96 on Friday. The company has a debt-to-equity ratio of 3.40, a current ratio of 0.95 and a quick ratio of 0.59. The firm has a market capitalization of $49.99 billion, a PE ratio of 19.71, a P/E/G ratio of 1.20 and a beta of 0.64. The company’s 50 day simple moving average is $314.65 and its 200-day simple moving average is $339.22. Cencora, Inc. has a 12 month low of $244.82 and a 12 month high of $377.54.
Cencora Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, May 15th. Cencora’s dividend payout ratio is presently 18.40%.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Cencora from $417.00 to $419.00 and gave the company an “overweight” rating in a research report on Tuesday, February 10th. Robert W. Baird dropped their target price on Cencora from $420.00 to $339.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. Morgan Stanley set a $342.00 price target on shares of Cencora in a research note on Friday, May 8th. William Blair assumed coverage on Cencora in a research report on Tuesday, April 28th. They issued a “market perform” rating for the company. Finally, Leerink Partners reissued an “outperform” rating on shares of Cencora in a research note on Tuesday, March 17th. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $380.25.
Read Our Latest Analysis on COR
Cencora Profile
Cencora (NYSE:COR) is a global healthcare services and pharmaceutical distribution company that provides end-to-end solutions across the pharmaceutical supply chain. The company’s core activities include wholesale drug distribution, specialty drug distribution, and the operation of specialty pharmacies, complemented by logistics, cold-chain management and other fulfillment services designed to support complex and temperature-sensitive therapies.
Beyond physical distribution, Cencora offers a range of commercial and patient-focused services for pharmaceutical manufacturers and healthcare providers.
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