AmerisourceBergen Corporation (Holding Co) (ABC) Holdings Lifted by Commonwealth Equity Services Inc

Commonwealth Equity Services Inc grew its position in AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 5.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,135 shares of the company’s stock after buying an additional 2,565 shares during the quarter. Commonwealth Equity Services Inc’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $3,817,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in ABC. Parallel Advisors LLC lifted its position in shares of AmerisourceBergen Corporation (Holding Co) by 3.2% in the second quarter. Parallel Advisors LLC now owns 1,109 shares of the company’s stock worth $104,000 after purchasing an additional 34 shares in the last quarter. Sun Life Financial INC raised its position in AmerisourceBergen Corporation (Holding Co) by 15,000.0% during the second quarter. Sun Life Financial INC now owns 1,208 shares of the company’s stock valued at $114,000 after acquiring an additional 1,200 shares in the last quarter. D.A. Davidson & CO. raised its position in AmerisourceBergen Corporation (Holding Co) by 29.0% during the second quarter. D.A. Davidson & CO. now owns 1,668 shares of the company’s stock valued at $157,000 after acquiring an additional 375 shares in the last quarter. Washington Trust Bank raised its position in AmerisourceBergen Corporation (Holding Co) by 13.4% during the second quarter. Washington Trust Bank now owns 1,920 shares of the company’s stock valued at $181,000 after acquiring an additional 227 shares in the last quarter. Finally, Intl Fcstone Inc. bought a new position in AmerisourceBergen Corporation (Holding Co) during the second quarter valued at approximately $201,000. Institutional investors own 68.50% of the company’s stock.

Several equities analysts recently weighed in on ABC shares. Morgan Stanley lowered shares of AmerisourceBergen Corporation (Holding Co) from an “overweight” rating to an “equal weight” rating in a research report on Thursday, September 14th. Mizuho set a $92.00 price target on shares of AmerisourceBergen Corporation (Holding Co) and gave the company a “hold” rating in a research report 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 report on Tuesday, October 3rd. ValuEngine lowered shares of AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Cowen and Company raised shares of AmerisourceBergen Corporation (Holding Co) from a “market perform” rating to an “outperform” rating in a research report on Tuesday, October 10th. One 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 stock. AmerisourceBergen Corporation (Holding Co) has a consensus rating of “Hold” and an average target price of $90.94.

Shares of AmerisourceBergen Corporation (NYSE:ABC) traded down $1.38 during trading hours on Tuesday, hitting $77.46. 1,688,500 shares of the stock traded hands, compared to its average volume of 1,795,944. AmerisourceBergen Corporation has a 52 week low of $71.90 and a 52 week high of $97.85. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.91 and a quick ratio of 0.48. The firm has a market cap of $17,270.00, a P/E ratio of 13.39, a PEG ratio of 1.37 and a beta of 0.95.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Monday, November 20th will be given a $0.38 dividend. The ex-dividend date is Friday, November 17th. This is a positive change from AmerisourceBergen Corporation (Holding Co)’s previous quarterly dividend of $0.37. This represents a $1.52 annualized dividend and a dividend yield of 1.96%. AmerisourceBergen Corporation (Holding Co)’s payout ratio is currently 82.16%.

In other news, insider Dale Danilewitz sold 1,857 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $74.69, for a total transaction of $138,699.33. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Peyton R. Howell sold 3,243 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $80.23, for a total value of $260,185.89. Following the sale, the insider now owns 37,135 shares in the company, valued at approximately $2,979,341.05. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 99,211 shares of company stock valued at $7,717,919. Insiders own 27.40% of the company’s stock.

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AmerisourceBergen Corporation (Holding Co) Company 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.

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

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