Moran Wealth Management LLC Has $3.74 Million Stock Holdings in Henry Schein, Inc. $HSIC

Key Points

• Moran Wealth Management LLC has reduced its holdings in Henry Schein, Inc. by 11.9%, now owning 51,179 shares valued at approximately $3.74 million.
• Institutional investors hold a substantial 96.62% ownership of Henry Schein's stock, with several hedge funds increasing their positions significantly in recent quarters.
• Analysts have mixed ratings on Henry Schein, with a consensus rating of "Hold" and an average target price of $76.67 following recent upgrades and downgrades from various brokerages.

Moran Wealth Management LLC decreased its holdings in Henry Schein, Inc. (NASDAQ:HSIC - Free Report) by 11.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 51,179 shares of the company's stock after selling 6,893 shares during the quarter. Moran Wealth Management LLC's holdings in Henry Schein were worth $3,739,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Rakuten Securities Inc. acquired a new stake in shares of Henry Schein during the 1st quarter worth about $34,000. Steph & Co. acquired a new stake in shares of Henry Schein during the 2nd quarter worth about $44,000. CX Institutional increased its position in shares of Henry Schein by 107.3% during the 2nd quarter. CX Institutional now owns 651 shares of the company's stock worth $48,000 after purchasing an additional 337 shares in the last quarter. TD Private Client Wealth LLC increased its position in shares of Henry Schein by 103.0% during the 2nd quarter. TD Private Client Wealth LLC now owns 668 shares of the company's stock worth $49,000 after purchasing an additional 339 shares in the last quarter. Finally, Whittier Trust Co. increased its position in shares of Henry Schein by 714.3% during the 1st quarter. Whittier Trust Co. now owns 798 shares of the company's stock worth $55,000 after purchasing an additional 700 shares in the last quarter. Institutional investors and hedge funds own 96.62% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HSIC. Evercore ISI upgraded shares of Henry Schein from an "in-line" rating to an "outperform" rating and set a $83.00 target price for the company in a research report on Tuesday, August 26th. Baird R W lowered shares of Henry Schein from a "strong-buy" rating to a "hold" rating in a report on Monday, July 14th. Stifel Nicolaus reissued a "hold" rating and set a $75.00 price objective (down previously from $80.00) on shares of Henry Schein in a report on Friday, July 25th. Leerink Partners set a $75.00 price objective on shares of Henry Schein in a report on Monday, July 14th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Henry Schein in a report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $76.67.

Henry Schein Stock Up 0.6%

Shares of NASDAQ HSIC opened at $63.39 on Wednesday. The firm has a market capitalization of $7.69 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 2.08 and a beta of 0.81. The company has a current ratio of 1.41, a quick ratio of 0.78 and a debt-to-equity ratio of 0.51. Henry Schein, Inc. has a 1 year low of $60.56 and a 1 year high of $82.49. The firm's 50-day moving average is $67.31 and its 200-day moving average is $68.72.

Henry Schein (NASDAQ:HSIC - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.09). The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.22 billion. Henry Schein had a net margin of 3.05% and a return on equity of 14.36%. The firm's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the business posted $1.23 EPS. Henry Schein has set its FY 2025 guidance at 4.800-4.940 EPS. Equities analysts expect that Henry Schein, Inc. will post 4.74 EPS for the current year.

Henry Schein Company Profile

Henry Schein, Inc provides health care products and services to dental practitioners, laboratories, physician practices, and ambulatory surgery centers, government, institutional health care clinics, and other alternate care clinics worldwide. It operates through two segments, Health Care Distribution, and Technology and Value-Added Services.

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