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 Video: What is a Stock Split?
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| Express Scripts Holding is a pharmacy benefit management (PBM) company. Co. has two reportable segments: PBM, which consists of clinical solutions, Express Scripts SafeGuardRx®, specialized pharmacy care, home delivery pharmacy services, specialty pharmacy services, retail network pharmacy administration, benefit design consultation, drug utilization review, drug formulary management, Medicare, Medicaid and Public Exchange offerings, administration of a group purchasing organization, Inside Rxsm and digital consumer health and drug information; and Other Business Operations, which consists of provider services and medical benefitmanagement services. According to our ESRX split history records, ESRX has had 6 splits. | |
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ESRX (ESRX) has 6 splits in our ESRX split history database. The first split for ESRX took place on June 27, 1994. This was a 2 for 1
split, meaning for each share of ESRX owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. ESRX's second split took place on November 02, 1998. This was a 2 for 1
split, meaning for each share of ESRX owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. ESRX's third split took place on June 25, 2001. This was a 2 for 1 split, meaning for each share of ESRX owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split. ESRX's 4th split took place on June 27, 2005. This was a 2 for 1 split, meaning for each share of ESRX owned pre-split, the shareholder now owned 2 shares. For example, a 8000 share position pre-split, became a 16000 share position following the split. ESRX's 5th split took place on June 25, 2007. This was a 2 for 1 split, meaning for each share of ESRX owned pre-split, the shareholder now owned 2 shares. For example, a 16000 share position pre-split, became a 32000 share position following the split. ESRX's 6th split took place on June 08, 2010. This was a 2 for 1 split, meaning for each share of ESRX owned pre-split, the shareholder now owned 2 shares. For example, a 32000 share position pre-split, became a 64000 share position following the split.
When a company such as ESRX splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the ESRX split history from start to finish, an original position size of 1000 shares would have turned into 64000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ESRX shares, starting with a $10,000 purchase of ESRX, presented on a split-history-adjusted basis factoring in the complete ESRX split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
01/23/2015 |
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| End date: |
12/20/2018 |
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| Start price/share: |
$84.80 |
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| End price/share: |
$92.33 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
8.88% |
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| Average Annual Total Return: |
2.20% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$10,888.03 |
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| Years: |
3.91 |
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| Date |
Ratio |
| 06/27/1994 | 2 for 1
| | 11/02/1998 | 2 for 1
| | 06/25/2001 | 2 for 1 | | 06/27/2005 | 2 for 1 | | 06/25/2007 | 2 for 1 | | 06/08/2010 | 2 for 1 |
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