Cwm LLC Has $3.54 Million Stock Position in Cencora, Inc. $COR

Key Points

• Cwm LLC increased its stake in Cencora, Inc. ($COR) by 15.4% during the second quarter, bringing its holdings to 11,792 shares worth approximately $3.54 million.
• Insider trading showed that Chairman Steven H. Collis and CEO Robert P. Mauch each sold shares, reducing their ownership by 9.30% and 11.49% respectively, amidst significant trading activity.
• Several Wall Street analysts have given Cencora a "Moderate Buy" rating, with a consensus price target of $324.91 despite varied outlooks, including some downgrades and price adjustments.

Cwm LLC raised its holdings in Cencora, Inc. (NYSE:COR - Free Report) by 15.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 11,792 shares of the company's stock after acquiring an additional 1,575 shares during the quarter. Cwm LLC's holdings in Cencora were worth $3,536,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC increased its position in Cencora by 106.7% in the 1st quarter. Cornerstone Planning Group LLC now owns 93 shares of the company's stock valued at $26,000 after acquiring an additional 48 shares during the period. Costello Asset Management INC acquired a new stake in shares of Cencora during the first quarter worth $28,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Cencora during the first quarter worth $39,000. Golden State Wealth Management LLC increased its position in shares of Cencora by 157.6% during the first quarter. Golden State Wealth Management LLC now owns 170 shares of the company's stock worth $47,000 after buying an additional 104 shares during the period. Finally, Olde Wealth Management LLC acquired a new stake in shares of Cencora during the first quarter worth $48,000. 97.52% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Cencora news, Chairman Steven H. Collis sold 31,350 shares of the firm's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $289.86, for a total value of $9,087,111.00. Following the transaction, the chairman directly owned 305,913 shares of the company's stock, valued at approximately $88,671,942.18. This trade represents a 9.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert P. Mauch sold 5,097 shares of the firm's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $290.00, for a total transaction of $1,478,130.00. Following the completion of the transaction, the chief executive officer directly owned 39,274 shares in the company, valued at $11,389,460. This trade represents a 11.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 51,025 shares of company stock worth $14,831,784 over the last ninety days. Insiders own 10.80% of the company's stock.

Wall Street Analysts Forecast Growth

COR has been the subject of several recent analyst reports. Weiss Ratings reiterated a "buy (b)" rating on shares of Cencora in a research report on Wednesday, October 8th. Wells Fargo & Company increased their price objective on shares of Cencora from $337.00 to $354.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 13th. Morgan Stanley set a $330.00 price objective on shares of Cencora and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Wall Street Zen cut shares of Cencora from a "buy" rating to a "hold" rating in a research report on Saturday, October 11th. Finally, Mizuho increased their target price on shares of Cencora from $316.00 to $334.00 and gave the stock an "outperform" rating in a research note on Thursday. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Cencora presently has an average rating of "Moderate Buy" and a consensus price target of $324.91.

Cencora Stock Down 0.1%

Shares of NYSE COR opened at $319.22 on Friday. The firm has a market cap of $61.89 billion, a PE ratio of 32.84, a P/E/G ratio of 1.49 and a beta of 0.63. Cencora, Inc. has a 12-month low of $223.92 and a 12-month high of $321.87. The company's fifty day simple moving average is $299.51 and its 200 day simple moving average is $292.81. The company has a quick ratio of 0.53, a current ratio of 0.90 and a debt-to-equity ratio of 3.64.

Cencora (NYSE:COR - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $4.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $0.21. Cencora had a net margin of 0.60% and a return on equity of 267.36%. The business had revenue of $80.66 billion for the quarter, compared to analyst estimates of $80.34 billion. During the same period in the prior year, the firm earned $3.34 earnings per share. Cencora's revenue was up 8.7% on a year-over-year basis. As a group, sell-side analysts forecast that Cencora, Inc. will post 15.37 earnings per share for the current fiscal year.

Cencora Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Friday, August 15th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, August 15th. Cencora's dividend payout ratio (DPR) is 22.63%.

Cencora Company Profile

Cencora, Inc sources and distributes pharmaceutical products. The company's U.S. Healthcare Solutions segment distributes pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, and related services to acute care hospitals and health systems, independent and chain retail pharmacies, mail order pharmacies, medical clinics, long-term care and alternate site pharmacies, and other customers; provides pharmacy management, staffing, and other consulting services; supply management software to retail and institutional healthcare providers; packaging solutions to various institutional and retail healthcare providers; clinical trial support, product post-approval, and commercialization support services; data analytics, outcomes research, and additional services for biotechnology and pharmaceutical manufacturers; pharmaceuticals, vaccines, parasiticides, diagnostics, micro feed ingredients, and other products to the companion animal and production animal markets; and sales force services to manufacturers.

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