Artisan Partners Limited Partnership Sells 94,061 Shares of Cencora, Inc. $COR

Artisan Partners Limited Partnership lowered its position in Cencora, Inc. (NYSE:COR) by 6.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,279,587 shares of the company’s stock after selling 94,061 shares during the quarter. Artisan Partners Limited Partnership owned 0.66% of Cencora worth $399,909,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of COR. United Bank raised its stake in shares of Cencora by 4.5% in the second quarter. United Bank now owns 7,032 shares of the company’s stock valued at $2,109,000 after purchasing an additional 305 shares in the last quarter. Brighton Jones LLC bought a new stake in Cencora in the 2nd quarter valued at $264,000. Howard Capital Management Inc. increased its holdings in Cencora by 16.9% in the 2nd quarter. Howard Capital Management Inc. now owns 1,462 shares of the company’s stock valued at $438,000 after buying an additional 211 shares during the period. New York Life Investment Management LLC raised its stake in shares of Cencora by 12.2% in the 2nd quarter. New York Life Investment Management LLC now owns 25,896 shares of the company’s stock valued at $7,765,000 after buying an additional 2,826 shares in the last quarter. Finally, Jennison Associates LLC bought a new position in shares of Cencora during the 2nd quarter worth about $49,039,000. Institutional investors and hedge funds own 97.52% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Cencora from $417.00 to $419.00 and gave the company an “overweight” rating in a research note on Tuesday, February 10th. Barclays lifted their price objective on Cencora from $400.00 to $425.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Weiss Ratings raised Cencora from a “hold (c+)” rating to a “buy (b)” rating in a report on Thursday, February 5th. Robert W. Baird set a $415.00 target price on Cencora in a research report on Tuesday, January 13th. Finally, Mizuho boosted their price target on Cencora from $340.00 to $380.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $399.00.

Cencora Stock Up 1.0%

Shares of NYSE:COR opened at $366.60 on Friday. Cencora, Inc. has a 12 month low of $248.11 and a 12 month high of $377.54. The company’s 50-day moving average price is $351.11 and its two-hundred day moving average price is $333.02. The company has a quick ratio of 0.51, a current ratio of 0.92 and a debt-to-equity ratio of 3.62. The firm has a market cap of $71.31 billion, a P/E ratio of 44.06, a P/E/G ratio of 1.69 and a beta of 0.68.

Cencora (NYSE:COR) last announced its earnings results on Wednesday, February 4th. The company reported $4.08 earnings per share for the quarter, topping analysts’ consensus estimates of $4.04 by $0.04. Cencora had a net margin of 0.50% and a return on equity of 176.54%. The company had revenue of $85.93 billion during the quarter, compared to the consensus estimate of $86.12 billion. During the same period in the previous year, the firm posted $3.73 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. As a group, research analysts forecast that Cencora, Inc. will post 15.37 EPS for the current fiscal year.

Cencora Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $2.40 annualized dividend and a yield of 0.7%. Cencora’s dividend payout ratio is currently 28.85%.

Insider Buying and Selling at Cencora

In other Cencora news, EVP Elizabeth S. Campbell sold 3,351 shares of the stock in a transaction on Friday, December 19th. The stock was sold at an average price of $342.10, for a total value of $1,146,377.10. Following the transaction, the executive vice president directly owned 23,891 shares in the company, valued at approximately $8,173,111.10. This trade represents a 12.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Silvana Battaglia sold 1,677 shares of the business’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $345.00, for a total value of $578,565.00. Following the sale, the executive vice president owned 18,796 shares of the company’s stock, valued at approximately $6,484,620. The trade was a 8.19% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 15,220 shares of company stock worth $5,282,867. Insiders own 0.38% of the company’s stock.

About Cencora

Cencora (NYSE:COR) is a global healthcare services and pharmaceutical distribution company that provides end-to-end solutions across the pharmaceutical supply chain. The company’s core activities include wholesale drug distribution, specialty drug distribution, and the operation of specialty pharmacies, complemented by logistics, cold-chain management and other fulfillment services designed to support complex and temperature-sensitive therapies.

Beyond physical distribution, Cencora offers a range of commercial and patient-focused services for pharmaceutical manufacturers and healthcare providers.