AmerisourceBergen Corporation (Holding Co) (ABC) Stake Lessened by Bruni J V & Co. Co.

Bruni J V & Co. Co. lessened its stake in AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 2.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 118,463 shares of the company’s stock after selling 2,416 shares during the quarter. AmerisourceBergen Corporation (Holding Co) makes up approximately 1.9% of Bruni J V & Co. Co.’s holdings, making the stock its 20th biggest holding. Bruni J V & Co. Co. owned about 0.05% of AmerisourceBergen Corporation (Holding Co) worth $9,803,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Malaga Cove Capital LLC acquired a new stake in shares of AmerisourceBergen Corporation (Holding Co) in the 3rd quarter valued at about $528,000. Thompson Siegel & Walmsley LLC raised its stake in shares of AmerisourceBergen Corporation (Holding Co) by 11.8% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 809,015 shares of the company’s stock valued at $66,945,000 after purchasing an additional 85,383 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of AmerisourceBergen Corporation (Holding Co) in the 3rd quarter valued at about $2,681,000. Roberts Glore & Co. Inc. IL acquired a new stake in shares of AmerisourceBergen Corporation (Holding Co) in the 3rd quarter valued at about $219,000. Finally, Matthew Goff Investment Advisor LLC raised its stake in shares of AmerisourceBergen Corporation (Holding Co) by 21.8% in the 3rd quarter. Matthew Goff Investment Advisor LLC now owns 18,828 shares of the company’s stock valued at $1,558,000 after purchasing an additional 3,366 shares in the last quarter. Institutional investors and hedge funds own 68.50% of the company’s stock.

A number of equities research analysts have recently issued reports on ABC shares. Morgan Stanley lowered shares of AmerisourceBergen Corporation (Holding Co) from an “overweight” rating to an “equal weight” rating in a research note on Thursday, September 14th. Mizuho set a $92.00 target price on shares of AmerisourceBergen Corporation (Holding Co) and gave the company a “hold” rating in a research note on Tuesday, October 24th. Zacks Investment Research lowered shares of AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. ValuEngine lowered shares of AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Cowen and Company upgraded shares of AmerisourceBergen Corporation (Holding Co) from a “market perform” rating to an “outperform” rating in a research note on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $90.94.

In other AmerisourceBergen Corporation (Holding Co) news, CFO Tim G. Guttman sold 11,600 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $74.28, for a total value of $861,648.00. Following the completion of the transaction, the chief financial officer now owns 40,326 shares in the company, valued at approximately $2,995,415.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Dale Danilewitz sold 2,012 shares of the company’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $85.00, for a total transaction of $171,020.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 99,211 shares of company stock valued at $7,717,919. 27.40% of the stock is owned by insiders.

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AmerisourceBergen Corporation (ABC) traded down $1.47 during midday trading on Monday, reaching $78.84. 2,196,600 shares of the company’s stock traded hands, compared to its average volume of 1,796,426. AmerisourceBergen Corporation has a 1 year low of $71.90 and a 1 year high of $97.85. The company has a current ratio of 0.91, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62. The company has a market cap of $17,270.00, a PE ratio of 13.39, a price-to-earnings-growth ratio of 1.37 and a beta of 0.95.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last posted its earnings results on Thursday, November 2nd. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.32 by $0.01. AmerisourceBergen Corporation (Holding Co) had a net margin of 0.27% and a return on equity of 55.99%. The firm had revenue of $39.12 billion during the quarter, compared to analysts’ expectations of $40.10 billion. During the same quarter in the prior year, the firm earned $1.30 EPS. AmerisourceBergen Corporation (Holding Co)’s quarterly revenue was up 4.2% on a year-over-year basis. equities research analysts anticipate that AmerisourceBergen Corporation will post 6.04 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Monday, November 20th will be given a $0.38 dividend. This is a boost from AmerisourceBergen Corporation (Holding Co)’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.52 annualized dividend and a yield of 1.93%. AmerisourceBergen Corporation (Holding Co)’s dividend payout ratio is 78.92%.

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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