LPL Financial LLC Sells 21,487 Shares of Henry Schein, Inc. (NASDAQ:HSIC)

LPL Financial LLC reduced its position in shares of Henry Schein, Inc. (NASDAQ:HSIC - Free Report) by 71.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,539 shares of the company's stock after selling 21,487 shares during the quarter. LPL Financial LLC's holdings in Henry Schein were worth $591,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HSIC. Charles Schwab Investment Management Inc. boosted its stake in Henry Schein by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,191,677 shares of the company's stock valued at $82,464,000 after purchasing an additional 16,616 shares during the last quarter. ING Groep NV grew its stake in shares of Henry Schein by 34.1% in the 4th quarter. ING Groep NV now owns 1,163,087 shares of the company's stock worth $80,486,000 after acquiring an additional 295,785 shares in the last quarter. Amundi raised its holdings in shares of Henry Schein by 12.0% in the fourth quarter. Amundi now owns 736,637 shares of the company's stock valued at $52,345,000 after purchasing an additional 79,056 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Henry Schein during the fourth quarter worth about $34,720,000. Finally, Sei Investments Co. increased its stake in Henry Schein by 9.4% in the 4th quarter. Sei Investments Co. now owns 472,169 shares of the company's stock valued at $32,674,000 after buying an additional 40,425 shares during the last quarter. Institutional investors own 96.62% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. UBS Group dropped their price target on Henry Schein from $83.00 to $80.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. Barrington Research restated an "outperform" rating and set a $90.00 price objective on shares of Henry Schein in a report on Wednesday, February 26th. Jefferies Financial Group raised their price target on shares of Henry Schein from $77.00 to $80.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. Bank of America raised Henry Schein from an "underperform" rating to a "buy" rating and increased their price objective for the company from $69.00 to $84.00 in a report on Monday, January 6th. Finally, StockNews.com cut Henry Schein from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $81.10.

Insider Activity

In other Henry Schein news, CEO Bradford C. Connett sold 4,036 shares of Henry Schein stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $71.15, for a total transaction of $287,161.40. Following the completion of the sale, the chief executive officer now directly owns 62,688 shares in the company, valued at $4,460,251.20. The trade was a 6.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Philip A. Laskawy sold 2,604 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $71.04, for a total transaction of $184,988.16. Following the completion of the transaction, the director now directly owns 24,805 shares in the company, valued at $1,762,147.20. The trade was a 9.50 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.14% of the company's stock.

Henry Schein Price Performance

Shares of Henry Schein stock traded down $1.06 on Friday, reaching $65.17. The stock had a trading volume of 736,945 shares, compared to its average volume of 1,623,471. The business's 50 day moving average is $69.21 and its two-hundred day moving average is $71.79. The company has a current ratio of 1.42, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46. Henry Schein, Inc. has a 1 year low of $60.56 and a 1 year high of $82.49. The company has a market cap of $7.98 billion, a P/E ratio of 26.82, a price-to-earnings-growth ratio of 2.13 and a beta of 0.84.

Henry Schein (NASDAQ:HSIC - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported $1.19 EPS for the quarter, missing analysts' consensus estimates of $1.23 by ($0.04). Henry Schein had a net margin of 2.51% and a return on equity of 12.90%. The firm had revenue of $3.19 billion for the quarter, compared to analysts' expectations of $3.25 billion. During the same quarter last year, the firm earned $0.66 earnings per share. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. As a group, research analysts anticipate that Henry Schein, Inc. will post 4.74 EPS for the current year.

About Henry Schein

Henry Schein, Inc provides health care products and services to dental practitioners, laboratories, physician practices, and ambulatory surgery centers, government, institutional health care clinics, and other alternate care clinics worldwide. It operates through two segments, Health Care Distribution, and Technology and Value-Added Services.