AmerisourceBergen Corporation (Holding Co) (ABC) Holdings Increased by Private Advisor Group LLC

Private Advisor Group LLC lifted its holdings in AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 3.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,977 shares of the company’s stock after buying an additional 828 shares during the quarter. Private Advisor Group LLC’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $2,496,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Parallel Advisors LLC grew its position in shares of AmerisourceBergen Corporation (Holding Co) by 3.2% in the 2nd quarter. Parallel Advisors LLC now owns 1,109 shares of the company’s stock worth $104,000 after buying an additional 34 shares during the period. Point72 Asia Hong Kong Ltd bought a new position in AmerisourceBergen Corporation (Holding Co) in the 1st quarter worth about $105,000. American Beacon Advisors Inc. bought a new position in AmerisourceBergen Corporation (Holding Co) in the 1st quarter worth about $108,000. SRS Capital Advisors Inc. boosted its stake in AmerisourceBergen Corporation (Holding Co) by 0.3% in the 1st quarter. SRS Capital Advisors Inc. now owns 1,235 shares of the company’s stock worth $109,000 after purchasing an additional 4 shares in the last quarter. Finally, ClariVest Asset Management LLC bought a new position in AmerisourceBergen Corporation (Holding Co) in the 1st quarter worth about $143,000. 67.64% of the stock is currently owned by hedge funds and other institutional investors.

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In related news, CFO Tim G. Guttman sold 11,600 shares of the stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $79.47, for a total value of $921,852.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gina Clark sold 1,273 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $80.94, for a total value of $103,036.62. Following the completion of the transaction, the insider now directly owns 10,830 shares of the company’s stock, valued at $876,580.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 62,873 shares of company stock valued at $5,245,089. 27.40% of the stock is owned by corporate insiders.

A number of equities analysts recently issued reports on the stock. Bank of America Corporation cut shares of AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $95.76 to $94.00 in a research note on Friday, June 30th. Zacks Investment Research upgraded shares of AmerisourceBergen Corporation (Holding Co) from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Leerink Swann set a $90.00 price target on shares of AmerisourceBergen Corporation (Holding Co) and gave the stock a “buy” rating in a research note on Monday, August 7th. Jefferies Group LLC reiterated a “hold” rating and issued a $95.00 price target on shares of AmerisourceBergen Corporation (Holding Co) in a research note on Wednesday, June 21st. Finally, TheStreet cut shares of AmerisourceBergen Corporation (Holding Co) from a “b” rating to a “c+” rating in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. AmerisourceBergen Corporation (Holding Co) presently has a consensus rating of “Hold” and a consensus target price of $91.86.

Shares of AmerisourceBergen Corporation (ABC) opened at 81.05 on Friday. AmerisourceBergen Corporation has a 12 month low of $68.38 and a 12 month high of $97.85. The company has a 50-day moving average price of $80.95 and a 200-day moving average price of $87.43. The company has a market capitalization of $17.76 billion, a P/E ratio of 21.12 and a beta of 0.95.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last released its quarterly earnings results on Thursday, August 3rd. The company reported $1.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.06. The business had revenue of $38.71 billion for the quarter, compared to analysts’ expectations of $39.13 billion. AmerisourceBergen Corporation (Holding Co) had a return on equity of 56.07% and a net margin of 0.56%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.37 earnings per share. On average, analysts forecast that AmerisourceBergen Corporation will post $5.88 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Monday, August 21st were issued a $0.365 dividend. This represents a $1.46 annualized dividend and a yield of 1.80%. The ex-dividend date was Thursday, August 17th. AmerisourceBergen Corporation (Holding Co)’s dividend payout ratio is currently 38.02%.

AmerisourceBergen Corporation (Holding Co) Profile

AmerisourceBergen Corporation is a pharmaceutical sourcing and distribution services company. The Company’s segments include Pharmaceutical Distribution and Other. The Company provides services to healthcare providers, and pharmaceutical and biotech manufacturers. As of June 30, 2016, the Pharmaceutical Distribution segment consists of two operating segments, including the operations of AmerisourceBergen Drug Corporation (ABDC) and AmerisourceBergen Specialty Group (ABSG), which distributes specialty drugs to their customers.

Institutional Ownership by Quarter for AmerisourceBergen Corporation (Holding Co) (NYSE:ABC)

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