Cencora

(New York Stock Exchange)
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Slightly Bullish +15

California Public Employees Retirement System Reduces Stake in Cencora ...

AI-generated analysis

πŸ“‰ CalPERS reduced its stake in Cencora by 12.5% in Q1, selling 61,988 shares while holding 432,701 shares valued at $135.9 million.

πŸ“ˆ Vanguard Group increased its stake by 0.9% to own 23.6 million shares worth nearly $8 billion in the fourth quarter.

πŸ“ˆ T. Rowe Price Investment Management significantly raised its position by 160.1%, acquiring over 4.1 million additional shares.

πŸ“‰ Cencora reported Q1 EPS of $4.75, missing analyst estimates of $4.82 by $0.07.

πŸ’° The company generated revenue of $78.36 billion for the quarter, representing a 3.9% year-over-year increase.

πŸ“‰ Revenue missed analyst expectations of $81.09 billion during the first quarter reporting period.

πŸ”„ Cencora announced a new stock repurchase program authorizing the buyback of up to $2.0 billion in shares.

πŸ’΅ The firm paid a quarterly dividend of $0.60 per share with an annualized yield of 0.8%.

πŸ“Š Analysts maintain an average price target of $367.75, though Wells Fargo and Barclays recently lowered their targets.

πŸ‘€ Director Lauren M. Tyler purchased 550 shares at an average cost of $270.23, increasing her direct ownership stake.

Bullish Signals
  • Major institutional investors including Vanguard Group, State Street Corp, and JPMorgan Chase increased their stakes in the fourth quarter.
  • T. Rowe Price Investment Management dramatically increased its position by 160.1%, acquiring over 4 million new shares.
  • The company announced a $2.0 billion stock repurchase program, signaling management confidence in share value.
  • Cencora achieved revenue growth of 3.9% year-over-year despite missing absolute earnings estimates.
  • Director Lauren M. Tyler increased her direct ownership by 14.44% through a recent share purchase.
Risk Factors
  • Cencora missed Q1 analyst consensus estimates for EPS by $0.07 and revenue by approximately $2.7 billion.
  • Several major analysts recently lowered their price targets, with Wells Fargo dropping from $429 to $331 and Barclays from $425 to $350.
  • CalPERS reduced its holdings by 12.5% during the first quarter, indicating a lack of confidence in current valuation or prospects.
Full Analysis
California Public Employees Retirement System (CalPERS) reduced its stake in Cencora, Inc. (NYSE:COR) by 12.5% during the first quarter, selling 61,988 shares to hold approximately 432,701 shares valued at $135.9 million. While CalPERS decreased its position, several other major institutional investors increased their holdings in the fourth quarter, including Vanguard Group, State Street Corp, T. Rowe Price Investment Management, Geode Capital Management, and JPMorgan Chase & Co., collectively signaling mixed but generally active institutional interest. Cencora reported Q1 earnings of $4.75 per share, missing analyst consensus estimates of $4.82 by $0.07. The company generated revenue of $78.36 billion, which was 3.9% higher year-over-year but fell short of the estimated $81.09 billion. Despite the earnings miss, the firm maintains a market capitalization of $59.87 billion and has set full-year 2026 guidance between $17.65 and $17.90 per share, with analysts predicting an average consensus of $17.79. The company recently announced a new stock repurchase program authorizing the purchase of up to $2.0 billion in shares, representing approximately 3.9% of its outstanding stock. Additionally, Cencora paid a quarterly dividend of $0.60 per share on June 1st, resulting in an annualized yield of 0.8%. Director Lauren M. Tyler also acquired 550 shares recently, increasing her direct ownership by 14.44% to 4,359 shares.