AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) Position Held by First Quadrant L P CA

First Quadrant L P CA held its stake in AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,900 shares of the company’s stock at the end of the second quarter. First Quadrant L P CA’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $1,976,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ABC. Univest Corp of Pennsylvania increased its stake in AmerisourceBergen Corporation (Holding Co) by 6.1% in the first quarter. Univest Corp of Pennsylvania now owns 35,455 shares of the company’s stock worth $3,138,000 after buying an additional 2,046 shares during the period. Koshinski Asset Management Inc. increased its stake in AmerisourceBergen Corporation (Holding Co) by 101.9% in the first quarter. Koshinski Asset Management Inc. now owns 5,509 shares of the company’s stock worth $488,000 after buying an additional 2,780 shares during the period. Creative Planning increased its stake in AmerisourceBergen Corporation (Holding Co) by 3.6% in the first quarter. Creative Planning now owns 19,042 shares of the company’s stock worth $1,685,000 after buying an additional 658 shares during the period. Raymond James Trust N.A. increased its stake in AmerisourceBergen Corporation (Holding Co) by 4.2% in the first quarter. Raymond James Trust N.A. now owns 3,594 shares of the company’s stock worth $318,000 after buying an additional 145 shares during the period. Finally, Osborn Williams & Donohoe LLC increased its stake in AmerisourceBergen Corporation (Holding Co) by 3.1% in the first quarter. Osborn Williams & Donohoe LLC now owns 9,016 shares of the company’s stock worth $798,000 after buying an additional 271 shares during the period. Hedge funds and other institutional investors own 68.81% of the company’s stock.

AmerisourceBergen Corporation (ABC) traded down 1.68% during mid-day trading on Friday, hitting $78.60. The stock had a trading volume of 2,091,927 shares. AmerisourceBergen Corporation has a 1-year low of $68.38 and a 1-year high of $97.85. The company has a 50-day moving average price of $88.60 and a 200 day moving average price of $89.03. The company has a market cap of $17.22 billion, a P/E ratio of 20.48 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 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.06. The company had revenue of $38.71 billion for the quarter, compared to analysts’ expectations of $39.13 billion. AmerisourceBergen Corporation (Holding Co) had a net margin of 0.56% and a return on equity of 56.07%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the firm posted $1.37 earnings per share. Equities research analysts forecast that AmerisourceBergen Corporation will post $5.88 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Monday, August 21st will be given a dividend of $0.365 per share. The ex-dividend date is Thursday, August 17th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 1.86%. AmerisourceBergen Corporation (Holding Co)’s dividend payout ratio is 38.02%.

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A number of equities research analysts have weighed in on the company. Bank of America Corporation downgraded AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “neutral” rating and cut their target price for the stock from $95.76 to $94.00 in a research report on Friday, June 30th. Jefferies Group LLC reiterated a “hold” rating and set a $95.00 price objective on shares of AmerisourceBergen Corporation (Holding Co) in a research report on Wednesday, June 21st. Zacks Investment Research downgraded AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a research report on Monday, July 10th. Credit Suisse Group reiterated a “buy” rating and set a $95.00 price objective on shares of AmerisourceBergen Corporation (Holding Co) in a research report on Thursday, July 13th. Finally, BidaskClub downgraded AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. AmerisourceBergen Corporation (Holding Co) currently has an average rating of “Hold” and a consensus price target of $93.14.

In related news, insider Peyton R. Howell sold 20,000 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $80.00, for a total value of $1,600,000.00. Following the sale, the insider now directly owns 57,135 shares of the company’s stock, valued at approximately $4,570,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Steven H. Collis sold 15,000 shares of the business’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $91.73, for a total transaction of $1,375,950.00. Following the completion of the sale, the chairman now directly owns 253,876 shares in the company, valued at $23,288,045.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,273 shares of company stock worth $4,500,387. Insiders own 27.40% of the company’s stock.

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.

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

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