Express Scripts Holding Co (ESRX) Holdings Raised by Vanguard Group Inc

Vanguard Group Inc boosted its position in Express Scripts Holding Co (NASDAQ:ESRX) by 1.5% in the third quarter, according to its most recent filing …

Express Scripts logoVanguard Group Inc boosted its position in Express Scripts Holding Co (NASDAQ:ESRX) by 1.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 40,305,179 shares of the company’s stock after purchasing an additional 580,336 shares during the period. Vanguard Group Inc owned about 7.15% of Express Scripts worth $3,829,396,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Capital International Investors boosted its stake in Express Scripts by 370.4% in the third quarter. Capital International Investors now owns 11,842,955 shares of the company’s stock valued at $1,125,199,000 after acquiring an additional 9,325,455 shares during the last quarter. Abrams Capital Management L.P. purchased a new position in Express Scripts in the second quarter valued at about $204,846,000. Canada Pension Plan Investment Board boosted its stake in Express Scripts by 124.5% in the second quarter. Canada Pension Plan Investment Board now owns 1,971,200 shares of the company’s stock valued at $152,196,000 after acquiring an additional 1,093,200 shares during the last quarter. FMR LLC boosted its stake in Express Scripts by 72.0% in the third quarter. FMR LLC now owns 2,442,388 shares of the company’s stock valued at $232,051,000 after acquiring an additional 1,022,548 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in Express Scripts by 1.5% in the second quarter. BlackRock Inc. now owns 35,424,185 shares of the company’s stock valued at $2,735,103,000 after acquiring an additional 538,578 shares during the last quarter. 84.89% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently commented on ESRX shares. Zacks Investment Research restated a “buy” rating and set a $109.00 price target on shares of Express Scripts in a research note on Tuesday, November 13th. BidaskClub upgraded shares of Express Scripts from a “hold” rating to a “buy” rating in a research note on Tuesday, September 18th. ValuEngine upgraded shares of Express Scripts from a “hold” rating to a “buy” rating in a research note on Monday, September 17th. Royal Bank of Canada set a $101.00 price target on shares of Express Scripts and gave the company a “buy” rating in a research note on Thursday, November 1st. Finally, Cowen reiterated a “buy” rating and issued a $88.00 target price on shares of Express Scripts in a research note on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Express Scripts presently has a consensus rating of “Hold” and a consensus target price of $92.14.

In related news, Director Mahon Thomas P. Mac sold 5,234 shares of the stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $99.50, for a total value of $520,783.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.79% of the company’s stock.

ESRX stock traded up $0.21 during mid-day trading on Friday, reaching $99.16. 123,287 shares of the stock traded hands, compared to its average volume of 4,203,944. The company has a quick ratio of 0.65, a current ratio of 0.77 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $54.65 billion, a price-to-earnings ratio of 13.93, a price-to-earnings-growth ratio of 1.22 and a beta of 0.88. Express Scripts Holding Co has a one year low of $66.93 and a one year high of $101.73.

Express Scripts (NASDAQ:ESRX) last issued its earnings results on Wednesday, October 31st. The company reported $2.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.42 by $0.01. Express Scripts had a net margin of 4.83% and a return on equity of 25.43%. The company had revenue of $25.56 billion for the quarter, compared to analysts’ expectations of $25.11 billion. During the same period in the prior year, the business earned $2.51 EPS. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, equities research analysts expect that Express Scripts Holding Co will post 9.08 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Express Scripts Holding Co (ESRX) Holdings Raised by Vanguard Group Inc” was originally posted by Fairfield Current and is owned by of Fairfield Current. If you are accessing this piece of content on another site, it was copied illegally and republished in violation of United States & international copyright laws. The legal version of this piece of content can be read at https://www.fairfieldcurrent.com/news/2018/12/14/express-scripts-holding-co-esrx-holdings-raised-by-vanguard-group-inc.html.

Express Scripts Profile

Express Scripts Holding Company operates as a pharmacy benefit management (PBM) company in the United States and Canada. The company’s PBM segment offers clinical solutions; and specialized pharmacy care, home delivery and specialty pharmacy, retail network pharmacy administration, benefit design consultation, drug utilization review, drug formulary management, public exchange, administration of group purchasing organization, and digital consumer health and drug information services.

Featured Article: How Short Selling Works

Want to see what other hedge funds are holding ESRX?Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Express Scripts Holding Co (NASDAQ:ESRX).

Institutional Ownership by Quarter for Express Scripts (NASDAQ:ESRX)

Receive News & Ratings for Express Scripts Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Express Scripts and related companies with MarketBeat.com’s FREE daily email newsletter.

Related Posts:

  • No Related Posts

Phillips 66 (PSX) Shares Bought by Vanguard Group Inc

Vanguard Group Inc lifted its stake in Phillips 66 (NYSE:PSX) by 2.8% during the 3rd quarter, according to its most recent disclosure with the SEC.

Phillips 66 logoVanguard Group Inc lifted its stake in Phillips 66 (NYSE:PSX) by 2.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,998,567 shares of the oil and gas company’s stock after buying an additional 885,979 shares during the quarter. Vanguard Group Inc owned approximately 7.16% of Phillips 66 worth $3,719,598,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Phillips 66 by 13.6% in the third quarter. BlackRock Inc. now owns 33,103,803 shares of the oil and gas company’s stock worth $3,731,461,000 after purchasing an additional 3,956,900 shares during the last quarter. FMR LLC grew its stake in shares of Phillips 66 by 9.0% during the 2nd quarter. FMR LLC now owns 14,400,087 shares of the oil and gas company’s stock worth $1,617,273,000 after purchasing an additional 1,188,567 shares during the period. Wells Fargo & Company MN grew its stake in shares of Phillips 66 by 0.5% during the 3rd quarter. Wells Fargo & Company MN now owns 8,468,401 shares of the oil and gas company’s stock worth $954,557,000 after purchasing an additional 39,493 shares during the period. Bank of New York Mellon Corp grew its stake in Phillips 66 by 0.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,429,513 shares of the oil and gas company’s stock valued at $724,735,000 after acquiring an additional 36,370 shares during the period. Finally, Northern Trust Corp grew its stake in Phillips 66 by 4.2% in the 2nd quarter. Northern Trust Corp now owns 5,506,365 shares of the oil and gas company’s stock valued at $618,420,000 after acquiring an additional 221,487 shares during the period. 69.26% of the stock is currently owned by institutional investors.

Several equities research analysts have issued reports on the stock. Wells Fargo & Co lifted their target price on shares of Phillips 66 from $137.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, October 29th. Zacks Investment Research upgraded shares of Phillips 66 from a “hold” rating to a “buy” rating and set a $135.00 price objective on the stock in a report on Friday, August 31st. Barclays raised Phillips 66 from an “underweight” rating to an “equal weight” rating and dropped their target price for the company from $133.00 to $128.00 in a research report on Wednesday, October 3rd. Jefferies Financial Group raised Phillips 66 from an “underperform” rating to a “hold” rating and set a $108.00 target price for the company in a research report on Tuesday, October 16th. Finally, ValuEngine downgraded Phillips 66 from a “buy” rating to a “hold” rating in a research report on Friday, August 17th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. Phillips 66 currently has a consensus rating of “Hold” and a consensus target price of $122.19.

Shares of Phillips 66 stock traded up $0.39 on Friday, reaching $89.22. 414,186 shares of the company were exchanged, compared to its average volume of 2,909,517. Phillips 66 has a 1-year low of $86.62 and a 1-year high of $123.97. The company has a market cap of $41.16 billion, a PE ratio of 20.37, a P/E/G ratio of 1.19 and a beta of 0.95. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.82 and a current ratio of 1.28.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Friday, October 26th. The oil and gas company reported $3.10 EPS for the quarter, topping the Zacks’ consensus estimate of $2.50 by $0.60. Phillips 66 had a return on equity of 14.97% and a net margin of 5.72%. The business had revenue of $30.59 billion during the quarter, compared to the consensus estimate of $28.50 billion. During the same period in the previous year, the company posted $1.66 earnings per share. On average, sell-side analysts predict that Phillips 66 will post 8.82 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, December 3rd. Investors of record on Monday, November 19th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend was Friday, November 16th. Phillips 66’s dividend payout ratio (DPR) is 73.06%.

In other news, Director J Brian Ferguson acquired 21,500 shares of Phillips 66 stock in a transaction on Tuesday, November 20th. The stock was bought at an average price of $92.31 per share, for a total transaction of $1,984,665.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.56% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This story was reported by PressOracle and is the property of of PressOracle. If you are viewing this story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The legal version of this story can be accessed at https://pressoracle.com/news/2018/12/14/phillips-66-psx-shares-bought-by-vanguard-group-inc.html.

Phillips 66 Profile

Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks, delivers refined products to market, and provides terminaling and storage services for crude oil and petroleum products; transports, stores, fractionates, and markets natural gas liquids, exports LPG, and provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.

Read More: Book Value Of Equity Per Share – BVPS Explained

Institutional Ownership by Quarter for Phillips 66 (NYSE:PSX)

Receive News & Ratings for Phillips 66 Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Phillips 66 and related companies with MarketBeat.com’s FREE daily email newsletter.

Related Posts:

  • No Related Posts

Vanguard Group Inc Buys 357032 Shares of General Dynamics Co. (GD)

Vanguard Group Inc increased its stake in General Dynamics Co. (NYSE:GD) by 1.7% during the 3rd quarter, according to the company in its most …

General Dynamics logoVanguard Group Inc increased its stake in General Dynamics Co. (NYSE:GD) by 1.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,905,951 shares of the aerospace company’s stock after purchasing an additional 357,032 shares during the period. Vanguard Group Inc owned 7.06% of General Dynamics worth $4,279,866,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in GD. BlackRock Inc. raised its stake in General Dynamics by 2.5% during the 3rd quarter. BlackRock Inc. now owns 17,451,297 shares of the aerospace company’s stock valued at $3,572,628,000 after acquiring an additional 426,955 shares in the last quarter. Matthew Goff Investment Advisor LLC raised its stake in General Dynamics by 18,540.8% during the 3rd quarter. Matthew Goff Investment Advisor LLC now owns 4,959,204 shares of the aerospace company’s stock valued at $26,604,000 after acquiring an additional 4,932,600 shares in the last quarter. Franklin Resources Inc. raised its stake in General Dynamics by 1.0% during the 3rd quarter. Franklin Resources Inc. now owns 3,802,784 shares of the aerospace company’s stock valued at $778,507,000 after acquiring an additional 37,756 shares in the last quarter. Capital International Investors increased its position in shares of General Dynamics by 79.5% during the 3rd quarter. Capital International Investors now owns 2,642,678 shares of the aerospace company’s stock valued at $541,009,000 after purchasing an additional 1,170,662 shares during the period. Finally, Capital World Investors acquired a new position in shares of General Dynamics during the 3rd quarter valued at $492,331,000. 86.37% of the stock is currently owned by institutional investors and hedge funds.

In other General Dynamics news, Director Catherine B. Reynolds purchased 600 shares of the stock in a transaction dated Friday, December 7th. The shares were acquired at an average price of $167.64 per share, for a total transaction of $100,584.00. Following the completion of the acquisition, the director now owns 1,153 shares of the company’s stock, valued at approximately $193,288.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark Malcolm purchased 3,000 shares of the stock in a transaction dated Friday, October 26th. The shares were acquired at an average price of $169.87 per share, for a total transaction of $509,610.00. Following the acquisition, the director now directly owns 4,455 shares of the company’s stock, valued at approximately $756,770.85. The disclosure for this purchase can be found here. Insiders own 6.90% of the company’s stock.

Shares of NYSE GD traded down $1.28 during mid-day trading on Friday, reaching $169.73. The company had a trading volume of 13,461 shares, compared to its average volume of 1,507,083. The company has a quick ratio of 0.87, a current ratio of 1.27 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $50.71 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 1.42 and a beta of 0.98. General Dynamics Co. has a 1-year low of $164.76 and a 1-year high of $230.00.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, October 24th. The aerospace company reported $2.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.76 by $0.13. The business had revenue of $9.09 billion for the quarter, compared to analysts’ expectations of $9.41 billion. General Dynamics had a return on equity of 27.22% and a net margin of 9.01%. The company’s quarterly revenue was up 20.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.52 EPS. As a group, analysts anticipate that General Dynamics Co. will post 11.31 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 8th. Investors of record on Friday, January 18th will be issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Thursday, January 17th. General Dynamics’s payout ratio is 37.39%.

GD has been the topic of several research analyst reports. Drexel Hamilton reiterated a “buy” rating and set a $230.00 price target on shares of General Dynamics in a research report on Thursday, August 16th. Zacks Investment Research cut General Dynamics from a “hold” rating to a “sell” rating in a research report on Wednesday, October 10th. Cowen reiterated a “buy” rating and set a $253.00 price target on shares of General Dynamics in a research report on Monday, October 15th. Wells Fargo & Co lowered their price target on General Dynamics from $250.00 to $210.00 and set an “outperform” rating on the stock in a research report on Thursday, October 25th. Finally, Citigroup lowered their price target on General Dynamics from $210.00 to $195.00 and set a “neutral” rating on the stock in a research report on Thursday, October 25th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $227.44.

TRADEMARK VIOLATION WARNING: This piece was originally reported by Fairfield Current and is owned by of Fairfield Current. If you are viewing this piece on another website, it was illegally stolen and reposted in violation of US & international trademark and copyright law. The correct version of this piece can be read at https://www.fairfieldcurrent.com/news/2018/12/14/vanguard-group-inc-buys-357032-shares-of-general-dynamics-co-gd.html.

About General Dynamics

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four business groups: Aerospace; Combat Systems; Information Systems and Technology; and Marine Systems. The Aerospace group designs, develops, manufactures, service and supports business-jet aircraft; and provides aircraft services, such as maintenance, aircraft management, charter, fixed-base operational, and staffing services.

Featured Story: Do You Need a Fiduciary?

Want to see what other hedge funds are holding GD?Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Dynamics Co. (NYSE:GD).

Institutional Ownership by Quarter for General Dynamics (NYSE:GD)

Receive News & Ratings for General Dynamics Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for General Dynamics and related companies with MarketBeat.com’s FREE daily email newsletter.

Related Posts:

  • No Related Posts

Vanguard Group Inc Has $3.38 Billion Position in Target Co. (TGT)

Vanguard Group Inc increased its holdings in Target Co. (NYSE:TGT) by 0.4% during the third quarter, according to the company in its most recent 13F …

Target logoVanguard Group Inc increased its holdings in Target Co. (NYSE:TGT) by 0.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,331,487 shares of the retailer’s stock after purchasing an additional 151,096 shares during the quarter. Vanguard Group Inc owned 7.35% of Target worth $3,381,221,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Harvest Fund Management Co. Ltd purchased a new position in shares of Target in the third quarter valued at about $104,000. Csenge Advisory Group purchased a new position in shares of Target in the third quarter valued at about $109,000. Sun Life Financial INC increased its position in shares of Target by 739.5% in the second quarter. Sun Life Financial INC now owns 1,444 shares of the retailer’s stock valued at $110,000 after acquiring an additional 1,272 shares during the period. CSat Investment Advisory L.P. purchased a new position in shares of Target in the second quarter valued at about $114,000. Finally, ELM Advisors LLC purchased a new position in shares of Target in the third quarter valued at about $141,000. Institutional investors own 82.94% of the company’s stock.

In other news, insider Stephanie A. Lundquist sold 2,100 shares of the company’s stock in a transaction that occurred on Tuesday, October 9th. The shares were sold at an average price of $86.00, for a total value of $180,600.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Janna A. Potts sold 15,172 shares of the company’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $88.00, for a total transaction of $1,335,136.00. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

A number of equities analysts have issued reports on TGT shares. Morgan Stanley decreased their price objective on shares of Target from $70.00 to $60.00 and set an “underweight” rating on the stock in a research report on Friday, November 23rd. Cowen raised shares of Target from a “market perform” rating to an “outperform” rating and set a $100.00 target price on the stock in a research note on Wednesday, November 7th. Barclays reaffirmed a “hold” rating and set a $85.00 target price on shares of Target in a research note on Wednesday, November 21st. Buckingham Research began coverage on shares of Target in a research note on Thursday, November 15th. They set a “buy” rating and a $102.00 target price on the stock. Finally, Robert W. Baird lifted their target price on shares of Target from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, August 23rd. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $87.71.

NYSE:TGT traded up $0.62 during mid-day trading on Friday, hitting $67.30. 1,030,911 shares of the company’s stock were exchanged, compared to its average volume of 7,735,363. Target Co. has a one year low of $61.89 and a one year high of $90.39. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.83 and a quick ratio of 0.13. The firm has a market capitalization of $35.38 billion, a P/E ratio of 14.29, a PEG ratio of 2.11 and a beta of 0.70.

Target (NYSE:TGT) last posted its quarterly earnings data on Tuesday, November 20th. The retailer reported $1.09 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.02). Target had a return on equity of 25.02% and a net margin of 4.31%. The business had revenue of $17.59 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the previous year, the firm earned $0.91 EPS. The company’s revenue was up 5.7% on a year-over-year basis. On average, equities research analysts expect that Target Co. will post 5.39 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 10th. Investors of record on Wednesday, November 21st were paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend was Tuesday, November 20th. Target’s payout ratio is currently 54.35%.

WARNING: This piece of content was reported by Modern Readers and is owned by of Modern Readers. If you are viewing this piece of content on another site, it was illegally copied and reposted in violation of US and international copyright & trademark law. The legal version of this piece of content can be read at https://www.modernreaders.com/news/2018/12/14/vanguard-group-inc-has-3-38-billion-position-in-target-co-tgt.html.

Target Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials, including beauty products, personal and baby care products, cleaning products, paper products, and pet supplies; food and beverage products, such as dry grocery, dairy, frozen food, beverage, candy, snacks, deli, bakery, meat, and produce products; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes.

See Also: Price to Earnings Ratio (PE), For Valuing Stocks

Institutional Ownership by Quarter for Target (NYSE:TGT)

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

Related Posts:

  • No Related Posts

BlackRock, Inc. (BLK) Position Boosted by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its stake in BlackRock, Inc. (NYSE:BLK) by 14.1% in the third quarter, according to its most recent filing with the Securities …

BlackRock logoPacer Advisors Inc. boosted its stake in BlackRock, Inc. (NYSE:BLK) by 14.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,600 shares of the asset manager’s stock after buying an additional 816 shares during the period. Pacer Advisors Inc.’s holdings in BlackRock were worth $3,111,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. KDI Capital Partners LLC lifted its position in shares of BlackRock by 3.9% in the third quarter. KDI Capital Partners LLC now owns 7,368 shares of the asset manager’s stock worth $3,473,000 after purchasing an additional 275 shares in the last quarter. Capital World Investors lifted its position in shares of BlackRock by 1.8% in the third quarter. Capital World Investors now owns 8,353,670 shares of the asset manager’s stock worth $3,937,335,000 after purchasing an additional 148,805 shares in the last quarter. Capital International Investors purchased a new stake in shares of BlackRock in the third quarter worth approximately $477,939,000. Capital International Inc. CA purchased a new stake in shares of BlackRock in the third quarter worth approximately $1,275,000. Finally, LPL Financial LLC lifted its position in shares of BlackRock by 1.2% in the third quarter. LPL Financial LLC now owns 23,332 shares of the asset manager’s stock worth $10,997,000 after purchasing an additional 266 shares in the last quarter. Hedge funds and other institutional investors own 83.16% of the company’s stock.

In other news, Director J. Richard Kushel sold 2,100 shares of BlackRock stock in a transaction that occurred on Monday, November 26th. The shares were sold at an average price of $419.11, for a total value of $880,131.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William E. Ford purchased 2,000 shares of the company’s stock in a transaction dated Monday, October 22nd. The stock was purchased at an average cost of $395.21 per share, for a total transaction of $790,420.00. Following the transaction, the director now owns 9,466 shares of the company’s stock, valued at $3,741,057.86. The disclosure for this purchase can be found here. 1.75% of the stock is currently owned by company insiders.

A number of analysts have recently issued reports on the stock. ValuEngine raised shares of BlackRock from a “sell” rating to a “hold” rating in a research report on Wednesday, October 31st. Morgan Stanley reduced their price target on shares of BlackRock from $554.00 to $514.00 and set an “overweight” rating for the company in a research report on Wednesday, November 14th. Deutsche Bank reduced their price target on shares of BlackRock from $458.00 to $444.00 and set a “buy” rating for the company in a research report on Friday, November 16th. Bank of America reissued a “buy” rating and issued a $478.00 price target (down from $525.00) on shares of BlackRock in a research report on Thursday, December 6th. Finally, Argus reduced their price target on shares of BlackRock from $620.00 to $535.00 and set a “buy” rating for the company in a research report on Wednesday, October 17th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $548.86.

Shares of BLK opened at $387.27 on Friday. The company has a market cap of $61.52 billion, a P/E ratio of 17.14, a price-to-earnings-growth ratio of 1.33 and a beta of 1.55. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.07 and a current ratio of 3.07. BlackRock, Inc. has a twelve month low of $376.31 and a twelve month high of $594.52.

BlackRock (NYSE:BLK) last issued its quarterly earnings data on Tuesday, October 16th. The asset manager reported $7.52 earnings per share for the quarter, beating the consensus estimate of $6.93 by $0.59. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.65 billion. BlackRock had a net margin of 39.92% and a return on equity of 13.72%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the firm earned $5.76 earnings per share. Analysts predict that BlackRock, Inc. will post 27.75 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 26th. Investors of record on Friday, December 7th will be given a dividend of $3.13 per share. This represents a $12.52 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend is Thursday, December 6th. BlackRock’s payout ratio is presently 55.40%.

COPYRIGHT VIOLATION NOTICE: “BlackRock, Inc. (BLK) Position Boosted by Pacer Advisors Inc.” was originally posted by Fairfield Current and is the sole property of of Fairfield Current. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international copyright law. The original version of this piece of content can be viewed at https://www.fairfieldcurrent.com/news/2018/12/14/blackrock-inc-blk-position-boosted-by-pacer-advisors-inc.html.

About BlackRock

BlackRock, Inc is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.

Featured Article: How can investors find ex-dividend dates?

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

Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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

Related Posts:

  • No Related Posts