AmerisourceBergen Corporation (Holding Co) (ABC) Shares Sold by State Treasurer State of Michigan

State Treasurer State of Michigan cut its stake in AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 9.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 49,184 shares of the company’s stock after selling 5,400 shares during the period. State Treasurer State of Michigan’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $4,070,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Parallel Advisors LLC boosted its stake in 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 purchasing an additional 34 shares during the period. Point72 Asia Hong Kong Ltd acquired a new position in AmerisourceBergen Corporation (Holding Co) in the 1st quarter worth $105,000. Sun Life Financial INC boosted its stake in AmerisourceBergen Corporation (Holding Co) by 15,000.0% in the 2nd quarter. Sun Life Financial INC now owns 1,208 shares of the company’s stock worth $114,000 after purchasing an additional 1,200 shares during the period. American Beacon Advisors Inc. acquired a new position in AmerisourceBergen Corporation (Holding Co) in the 1st quarter worth $108,000. Finally, D.A. Davidson & CO. boosted its stake in AmerisourceBergen Corporation (Holding Co) by 29.0% in the 2nd quarter. D.A. Davidson & CO. now owns 1,668 shares of the company’s stock worth $157,000 after purchasing an additional 375 shares during the period. 67.72% of the stock is owned by hedge funds and other institutional investors.

In other AmerisourceBergen Corporation (Holding Co) news, insider Dale Danilewitz sold 2,012 shares of the business’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $85.00, for a total value of $171,020.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Tim G. Guttman sold 11,600 shares of the business’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $79.47, for a total transaction of $921,852.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 64,728 shares of company stock worth $5,215,143. 27.40% of the stock is owned by corporate insiders.

COPYRIGHT VIOLATION NOTICE: This news story was published by Community Financial News and is the property of of Community Financial News. If you are viewing this news story on another website, it was illegally copied and republished in violation of U.S. & international copyright & trademark laws. The original version of this news story can be read at https://www.com-unik.info/2017/10/29/amerisourcebergen-corporation-holding-co-abc-shares-sold-by-state-treasurer-state-of-michigan.html.

A number of equities analysts recently weighed in on ABC shares. Leerink Swann set a $90.00 target price on shares of AmerisourceBergen Corporation (Holding Co) and gave the stock a “buy” rating in a research note on Monday, August 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $91.00 target price on shares of AmerisourceBergen Corporation (Holding Co) in a research note on Sunday, September 10th. Credit Suisse Group reaffirmed a “buy” rating and issued a $95.00 target price on shares of AmerisourceBergen Corporation (Holding Co) in a research note on Thursday, July 13th. TheStreet lowered shares of AmerisourceBergen Corporation (Holding Co) from a “b” rating to a “c+” rating in a research note on Thursday, August 3rd. Finally, Morgan Stanley downgraded shares of AmerisourceBergen Corporation (Holding Co) from an “overweight” rating to an “equal weight” rating in a research note on Thursday, September 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $92.04.

AmerisourceBergen Corporation (NYSE:ABC) opened at 76.38 on Friday. AmerisourceBergen Corporation has a 12-month low of $68.71 and a 12-month high of $97.85. The firm has a 50-day moving average of $81.28 and a 200 day moving average of $86.06. The company has a market capitalization of $16.74 billion, a PE ratio of 19.90 and a beta of 0.96.

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

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.

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

What are top analysts saying about AmerisourceBergen Corporation (Holding Co)? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for AmerisourceBergen Corporation (Holding Co) and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit