Commonwealth Equity Services LLC disclosed a 7.9% reduction in its position in Cencora, Inc. during the third quarter, selling 3,580 shares to hold 41,656 shares at period end. This move follows a broader pattern among smaller institutions: Atlantic Edge Private Wealth Management increased its stake by 70.0%, Vermillion & White Wealth Management Group grew theirs by 69.4%, and Salomon & Ludwin LLC raised its holdings by 638.1%. Overall, institutional investors account for 97.52% of outstanding COR shares, underscoring the company’s significance in professional portfolios but also highlighting active rebalancing ahead of year-end.

In its latest quarterly results, Cencora reported revenue of $83.73 billion, up 5.9% year-over-year, and delivered adjusted EPS of $3.84, exceeding consensus estimates by $0.05. The company’s net margin remained slim at 0.48%, but return on equity soared to 227.15%, reflecting effective capital deployment. Management issued fiscal 2026 EPS guidance in a range implying mid-teens growth, well above the current consensus of 15.37 EPS, signaling confidence in sustained margin improvement and top-line momentum in both wholesale and specialty distribution segments.

Cencora recently raised its quarterly dividend from $0.55 to $0.60 per share, marking a 9.1% increase and translating to an annualized payout of $2.40 with a yield near 0.7%. The company’s payout ratio stands at 30.19%, leaving ample room for continued shareholder returns alongside reinvestment in growth initiatives. Meanwhile, two executive vice presidents reduced their holdings by 12.3% and 8.2%, respectively, collectively selling over 5,000 shares. These transactions, totaling approximately $1.7 million in proceeds, suggest a balance between management’s long-term commitment and portfolio diversification strategies.