M&R Capital Management Inc. Reduces Stake in Express Scripts Holding Company (ESRX)

M&R Capital Management Inc. cut its stake in Express Scripts Holding Company (NASDAQ:ESRX) by 13.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,871 shares of the company’s stock after selling 2,754 shares during the quarter. M&R Capital Management Inc.’s holdings in Express Scripts Holding were worth $1,086,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Nordea Investment Management AB increased its stake in shares of Express Scripts Holding by 1.4% in the second quarter. Nordea Investment Management AB now owns 7,116,445 shares of the company’s stock worth $454,314,000 after acquiring an additional 97,953 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Express Scripts Holding by 25.3% in the second quarter. First Trust Advisors LP now owns 708,955 shares of the company’s stock worth $45,260,000 after acquiring an additional 143,163 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of Express Scripts Holding by 81.8% in the second quarter. Lazard Asset Management LLC now owns 112,666 shares of the company’s stock worth $7,192,000 after acquiring an additional 50,707 shares during the last quarter. Hancock Holding Co. increased its stake in shares of Express Scripts Holding by 9.9% in the first quarter. Hancock Holding Co. now owns 183,489 shares of the company’s stock worth $12,094,000 after acquiring an additional 16,536 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of Express Scripts Holding by 28.8% in the first quarter. Van ECK Associates Corp now owns 373,636 shares of the company’s stock worth $24,626,000 after acquiring an additional 83,568 shares during 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 firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $61.48, for a total transaction of $71,501.24. Following the transaction, 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 can be accessed through the SEC website. Also, Director Woodrow A. Myers, Jr. sold 3,900 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $63.93, for a total transaction of $249,327.00. Following the transaction, the director now directly owns 11,500 shares in the company, valued at $735,195. The disclosure for this sale can be found here. Insiders sold 5,641 shares of company stock worth $357,317 over the last ninety days. Insiders own 0.68% of the company’s stock.

Express Scripts Holding (NASDAQ:ESRX) last released its quarterly earnings data on Tuesday, July 25th. The company reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.02. Express Scripts Holding had a net margin of 3.50% and a return on equity of 25.58%. The firm had revenue of $25.35 billion for the quarter, compared to analyst estimates of $25.52 billion. During the same period last year, the firm earned $1.57 earnings per share. The business’s quarterly revenue was up .5% compared to the same quarter last year.

A number of equities analysts have recently weighed in on the stock. Robert W. Baird reaffirmed a “hold” rating and issued a $56.00 price target on shares of Express Scripts Holding in a research note on Friday, September 1st. Zacks Investment Research raised shares of Express Scripts Holding from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research note on Monday. Morgan Stanley upped their price target on shares of Express Scripts Holding from $52.00 to $57.00 and gave the stock an “underweight” rating in a research note on Thursday, August 10th. BidaskClub downgraded shares of Express Scripts Holding from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. Finally, 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. Six research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Express Scrip

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Nordea Investment Management AB increased its stake in shares of Express Scripts Holding by 1.4% in the second quarter. Nordea Investment Management AB now owns 7,116,445 shares of the company’s stock worth $454,314,000 after acquiring an additional 97,953 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Express Scripts Holding by 25.3% in the second quarter. First Trust Advisors LP now owns 708,955 shares of the company’s stock worth $45,260,000 after acquiring an additional 143,163 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of Express Scripts Holding by 81.8% in the second quarter. Lazard Asset Management LLC now owns 112,666 shares of the company’s stock worth $7,192,000 after acquiring an additional 50,707 shares during the last quarter. Hancock Holding Co. increased its stake in shares of Express Scripts Holding by 9.9% in the first quarter. Hancock Holding Co. now owns 183,489 shares of the company’s stock worth $12,094,000 after acquiring an additional 16,536 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of Express Scripts Holding by 28.8% in the first quarter. Van ECK Associates Corp now owns 373,636 shares of the company’s stock worth $24,626,000 after acquiring an additional 83,568 shares during 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 firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $61.48, for a total transaction of $71,501.24. Following the transaction, 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 can be accessed through the SEC website. Also, Director Woodrow A. Myers, Jr. sold 3,900 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $63.93, for a total transaction of $249,327.00. Following the transaction, the director now directly owns 11,500 shares in the company, valued at $735,195. The disclosure for this sale can be found here. Insiders sold 5,641 shares of company stock worth $357,317 over the last ninety days. Insiders own 0.68% of the company’s stock.

Express Scripts Holding (NASDAQ:ESRX) last released its quarterly earnings data on Tuesday, July 25th. The company reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.02. Express Scripts Holding had a net margin of 3.50% and a return on equity of 25.58%. The firm had revenue of $25.35 billion for the quarter, compared to analyst estimates of $25.52 billion. During the same period last year, the firm earned $1.57 earnings per share. The business’s quarterly revenue was up .5% compared to the same quarter last year.

A number of equities analysts have recently weighed in on the stock. Robert W. Baird reaffirmed a “hold” rating and issued a $56.00 price target on shares of Express Scripts Holding in a research note on Friday, September 1st. Zacks Investment Research raised shares of Express Scripts Holding from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research note on Monday. Morgan Stanley upped their price target on shares of Express Scripts Holding from $52.00 to $57.00 and gave the stock an “underweight” rating in a research note on Thursday, August 10th. BidaskClub downgraded shares of Express Scripts Holding from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. Finally, 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. Six research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Express Scripts Holding currently has a consensus rating of “Hold” and an average price target of $69.09.

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About Express Scripts Holding

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).

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

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