State of Wisconsin Investment Board increased its position in shares of AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 6.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 144,798 shares of the company’s stock after buying an additional 8,140 shares during the period. State of Wisconsin Investment Board owned about 0.07% of AmerisourceBergen Corporation (Holding Co) worth $13,688,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of ABC. Hennessy Advisors Inc. bought a new position in AmerisourceBergen Corporation (Holding Co) during the first quarter worth approximately $2,036,000. OMERS ADMINISTRATION Corp increased its position in AmerisourceBergen Corporation (Holding Co) by 20.6% in the first quarter. OMERS ADMINISTRATION Corp now owns 1,560,620 shares of the company’s stock worth $138,115,000 after buying an additional 266,670 shares during the period. National Pension Service increased its position in AmerisourceBergen Corporation (Holding Co) by 10.0% in the second quarter. National Pension Service now owns 159,332 shares of the company’s stock worth $15,258,000 after buying an additional 14,511 shares during the period. State Treasurer State of Michigan increased its position in AmerisourceBergen Corporation (Holding Co) by 0.6% in the second quarter. State Treasurer State of Michigan now owns 54,584 shares of the company’s stock worth $5,160,000 after buying an additional 300 shares during the period. Finally, Sentry Investments Corp. increased its position in AmerisourceBergen Corporation (Holding Co) by 19.1% in the first quarter. Sentry Investments Corp. now owns 925,400 shares of the company’s stock worth $81,898,000 after buying an additional 148,400 shares during the period. 68.81% of the stock is owned by institutional investors and hedge funds.
Shares of AmerisourceBergen Corporation (NYSE:ABC) opened at 78.04 on Tuesday. The stock’s 50 day moving average price is $88.13 and its 200 day moving average price is $88.97. AmerisourceBergen Corporation has a 12-month low of $68.38 and a 12-month high of $97.85. The company has a market capitalization of $17.10 billion, a PE ratio of 20.33 and a beta of 0.91.
AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $1.43 EPS for the quarter, topping the Zacks’ 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 business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.37 EPS. On average, equities research analysts forecast that AmerisourceBergen Corporation will post $5.88 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Monday, August 21st will be paid a $0.365 dividend. The ex-dividend date is Thursday, August 17th. This represents a $1.46 dividend on an annualized basis and a yield of 1.87%. AmerisourceBergen Corporation (Holding Co)’s dividend payout ratio (DPR) is currently 38.02%.
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ABC has been the subject of several research analyst reports. Zacks Investment Research downgraded AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a research note on Monday, July 10th. Mizuho boosted their target price on AmerisourceBergen Corporation (Holding Co) from $83.00 to $93.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 30th. UBS AG lowered their target price on AmerisourceBergen Corporation (Holding Co) from $94.00 to $87.00 and set a “neutral” rating for the company in a research note on Friday, August 4th. BidaskClub raised AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Finally, Credit Suisse Group reissued a “buy” rating and set a $95.00 target price on shares of AmerisourceBergen Corporation (Holding Co) in a research note on Thursday, July 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $93.14.
In other AmerisourceBergen Corporation (Holding Co) news, Chairman Steven H. Collis sold 15,000 shares of AmerisourceBergen Corporation (Holding Co) stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $91.73, for a total value of $1,375,950.00. Following the transaction, the chairman now directly owns 253,876 shares of the company’s stock, valued at approximately $23,288,045.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gina Clark sold 1,273 shares of AmerisourceBergen Corporation (Holding Co) 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 in the company, valued at $876,580.20. The disclosure for this sale can be found here. Insiders sold a total of 51,273 shares of company stock worth $4,500,387 over the last ninety days. Insiders own 27.40% of the company’s stock.
About AmerisourceBergen Corporation (Holding Co)
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.
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