PNC Financial Services Group Inc. Has $53.93 Million Stake in Express Scripts Holding Company (NASDAQ:ESRX)

PNC Financial Services Group Inc. cut its position in Express Scripts Holding Company (NASDAQ:ESRX) by 7.9% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 818,200 shares of the company’s stock after selling 70,583 shares during the period. PNC Financial Services Group Inc. owned approximately 0.14% of Express Scripts Holding worth $53,927,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Dubuque Bank & Trust Co. boosted its position in Express Scripts Holding by 53.1% in the first quarter. Dubuque Bank & Trust Co. now owns 1,753 shares of the company’s stock worth $116,000 after buying an additional 608 shares during the last quarter. TrimTabs Asset Management LLC acquired a new position in Express Scripts Holding during the first quarter worth $121,000. Capital Analysts LLC boosted its position in Express Scripts Holding by 5.6% in the first quarter. Capital Analysts LLC now owns 1,877 shares of the company’s stock worth $124,000 after buying an additional 100 shares during the last quarter. Pinnacle Bank acquired a new position in Express Scripts Holding during the first quarter worth $143,000. Finally, Oakworth Capital Inc. boosted its position in Express Scripts Holding by 7.0% in the first quarter. Oakworth Capital Inc. now owns 2,362 shares of the company’s stock worth $155,000 after buying an additional 155 shares during the last quarter. 88.47% of the stock is owned by institutional investors.

Express Scripts Holding Company (ESRX) opened at 62.50 on Friday. The firm has a market capitalization of $37.10 billion, a PE ratio of 11.33 and a beta of 0.90. Express Scripts Holding Company has a 1-year low of $57.80 and a 1-year high of $79.24. The firm’s 50-day moving average price is $62.74 and its 200-day moving average price is $65.47.

Express Scripts Holding (NASDAQ:ESRX) last posted its earnings results on Monday, April 24th. The company reported $1.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.01. The business had revenue of $24.65 billion for the quarter, compared to analyst estimates of $24.95 billion. Express Scripts Holding had a net margin of 3.42% and a return on equity of 25.64%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.22 EPS. On average, equities research analysts predict that Express Scripts Holding Company will post $6.97 EPS for the current fiscal year.

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A number of research firms recently weighed in on ESRX. UBS AG set a $71.00 price target on Express Scripts Holding and gave the stock a “hold” rating in a report on Tuesday, April 25th. BidaskClub lowered Express Scripts Holding from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Needham & Company LLC initiated coverage on Express Scripts Holding in a research note on Friday. They set a “hold” rating for the company. Cowen and Company reiterated an “outperform” rating and set a $83.00 price objective on shares of Express Scripts Holding in a research note on Friday, June 9th. Finally, Evercore ISI cut their price objective on Express Scripts Holding from $68.50 to $59.00 and set an “in-line” rating for the company in a research note on Wednesday, April 26th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Express Scripts Holding has an average rating of “Hold” and an average price target of $71.89.

In related news, VP Phyllis S. Anderson sold 1,100 shares of Express Scripts Holding stock in a transaction on Friday, May 19th. The shares were sold at an average price of $60.08, for a total transaction of $66,088.00. Following the transaction, the vice president now owns 11,108 shares in the company, valued at approximately $667,368.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.68% of the company’s stock.

Express Scripts Holding Company Profile

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).

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