Davis R M Inc Lowers stake in Henry Schein (HSIC)

Henry Schein (HSIC) : Davis R M Inc reduced its stake in Henry Schein by 4.04% during the most recent quarter end. The investment management company now holds a total of 245,560 shares of Henry Schein which is valued at $44,426,715 after selling 10,343 shares in Henry Schein , the firm said in a disclosure report filed with the SEC on Jul 14, 2016.Henry Schein makes up approximately 2.13% of Davis R M Inc’s portfolio.

Other Hedge Funds, Including , Mai Capital Management reduced its stake in HSIC by selling 150 shares or 2.56% in the most recent quarter. The Hedge Fund company now holds 5,715 shares of HSIC which is valued at $1,033,958. Henry Schein makes up approx 0.08% of Mai Capital Management’s portfolio.Davenport Co reduced its stake in HSIC by selling 487 shares or 0.41% in the most recent quarter. The Hedge Fund company now holds 118,735 shares of HSIC which is valued at $21,504,096. Henry Schein makes up approx 0.32% of Davenport Co’s portfolio.Alecta Pensionsforsakring Omsesidigt reduced its stake in HSIC by selling 499,910 shares or 19.86% in the most recent quarter. The Hedge Fund company now holds 2,017,090 shares of HSIC which is valued at $357,529,203. Henry Schein makes up approx 3.53% of Alecta Pensionsforsakring Omsesidigt’s portfolio.

Henry Schein opened for trading at $180.98 and hit $181.25 on the upside on Monday, eventually ending the session at $180.92, with a gain of 0.19% or 0.34 points. The heightened volatility saw the trading volume jump to 2,24,884 shares. Company has a market cap of $14,847 M.

On the company’s financial health, Henry Schein reported $1.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 3, 2016. Analyst had a consensus of $1.39. The company had revenue of $2712.96 million for the quarter, compared to analysts expectations of $2667.28 million. The company’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.28 EPS.

Many Wall Street Analysts have commented on Henry Schein. Company shares were Reiterated by Barrington Research on May 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 188 from a previous price target of $182 .

Henry Schein Inc. provides health care products and services to office-based dental animal health and medical practitioners. The Company operates its business through two segments: health care distribution and technology and value-added services. The health care distribution segment distributes consumable products laboratory products equipment repair services branded and generic pharmaceuticals vaccines surgical products diagnostic tests infection-control products and vitamins among others. The Company’s global technology and value-added services segment provides software technology and other value-added services to health care practitioners. Its offerings include practice management software systems for dental and medical practitioners and animal health clinics. Its value-added practice solutions include financial services on a non-recourse basis e-services practice technology network and hardware services as well as continuing education services for practitioners.

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