Teacher Retirement System of Texas reduced its stake in shares of Henry Schein, Inc. (NASDAQ:HSIC) by 4.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,086 shares of the company’s stock after selling 3,400 shares during the period. Teacher Retirement System of Texas’ holdings in Henry Schein were worth $12,461,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in HSIC. Vanguard Group Inc. raised its position in shares of Henry Schein by 1.7% in the first quarter. Vanguard Group Inc. now owns 7,849,455 shares of the company’s stock valued at $1,334,173,000 after buying an additional 127,660 shares during the period. BlackRock Inc. raised its position in shares of Henry Schein by 2,999.6% in the first quarter. BlackRock Inc. now owns 5,595,279 shares of the company’s stock valued at $951,028,000 after buying an additional 5,414,761 shares during the period. State Street Corp raised its position in shares of Henry Schein by 1.3% in the first quarter. State Street Corp now owns 3,675,674 shares of the company’s stock valued at $624,760,000 after buying an additional 48,469 shares during the period. Mackenzie Financial Corp raised its position in shares of Henry Schein by 4.7% in the first quarter. Mackenzie Financial Corp now owns 1,728,230 shares of the company’s stock valued at $293,747,000 after buying an additional 76,794 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Henry Schein by 12.4% in the first quarter. JPMorgan Chase & Co. now owns 1,515,861 shares of the company’s stock valued at $257,650,000 after buying an additional 167,213 shares during the period. 90.60% of the stock is owned by institutional investors.
Shares of Henry Schein, Inc. (NASDAQ:HSIC) opened at 170.58 on Monday. Henry Schein, Inc. has a 52-week low of $146.23 and a 52-week high of $186.99. The company has a 50-day moving average of $181.54 and a 200 day moving average of $175.12. The company has a market capitalization of $13.49 billion, a PE ratio of 24.93 and a beta of 1.09.
Henry Schein (NASDAQ:HSIC) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.02. The business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.05 billion. Henry Schein had a net margin of 4.59% and a return on equity of 19.91%. The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the company posted $1.64 earnings per share. Analysts predict that Henry Schein, Inc. will post $7.28 earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: “Henry Schein, Inc. (NASDAQ:HSIC) Shares Sold by Teacher Retirement System of Texas” was published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international copyright & trademark laws. The original version of this piece can be read at https://stocknewstimes.com/2017/08/14/henry-schein-inc-nasdaqhsic-shares-sold-by-teacher-retirement-system-of-texas.html.
Several equities analysts have recently issued reports on HSIC shares. Zacks Investment Research lowered shares of Henry Schein from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Northcoast Research raised shares of Henry Schein from a “neutral” rating to a “buy” rating and set a $218.00 price target for the company in a report on Monday, August 7th. BidaskClub lowered shares of Henry Schein from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Jefferies Group LLC reissued a “hold” rating and issued a $177.00 price target on shares of Henry Schein in a report on Friday, July 21st. Finally, Piper Jaffray Companies started coverage on shares of Henry Schein in a report on Monday, June 12th. They issued a “neutral” rating and a $200.00 price target for the company. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $185.56.
About Henry Schein
Henry Schein, Inc is a provider of healthcare products and services primarily to office-based dental, animal health and medical practitioners. The Company operates through two segments: healthcare distribution, and technology and value-added services. The healthcare distribution segment distributes consumable products, small equipment, laboratory products, large equipment, equipment repair services, branded and generic pharmaceuticals, vaccines, surgical products, diagnostic tests, infection-control products and vitamins.
Want to see what other hedge funds are holding HSIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Henry Schein, Inc. (NASDAQ:HSIC).
Receive News & Ratings for Henry Schein Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Henry Schein Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
