Crossmark Global Holdings Inc. Purchases Shares of 27,734 AmerisourceBergen Corporation (Holding Co) (ABC)

Crossmark Global Holdings Inc. purchased a new stake in shares of AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 27,734 shares of the company’s stock, valued at approximately $2,295,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of AmerisourceBergen Corporation (Holding Co) by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 15,653,245 shares of the company’s stock worth $1,479,701,000 after purchasing an additional 304,628 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of AmerisourceBergen Corporation (Holding Co) by 23.1% during the 2nd quarter. Franklin Resources Inc. now owns 3,902,289 shares of the company’s stock worth $368,884,000 after purchasing an additional 731,466 shares in the last quarter. FIL Ltd boosted its position in shares of AmerisourceBergen Corporation (Holding Co) by 14.4% during the 2nd quarter. FIL Ltd now owns 3,477,157 shares of the company’s stock worth $328,696,000 after purchasing an additional 437,132 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of AmerisourceBergen Corporation (Holding Co) by 42.9% during the 2nd quarter. Wells Fargo & Company MN now owns 3,344,441 shares of the company’s stock worth $316,149,000 after purchasing an additional 1,003,327 shares in the last quarter. Finally, Burgundy Asset Management Ltd. boosted its position in shares of AmerisourceBergen Corporation (Holding Co) by 3.3% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 2,649,123 shares of the company’s stock worth $250,422,000 after purchasing an additional 84,163 shares in the last quarter. 67.51% of the stock is currently owned by institutional investors and hedge funds.

Shares of AmerisourceBergen Corporation (NYSE ABC) opened at $74.80 on Monday. 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 company has a market cap of $16,389.50, a PE ratio of 12.70, a price-to-earnings-growth ratio of 1.45 and a beta of 0.95. AmerisourceBergen Corporation has a one year low of $68.71 and a one year high of $97.85.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $1.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.01. The firm had revenue of $39.12 billion during the quarter, compared to analyst estimates of $40.10 billion. AmerisourceBergen Corporation (Holding Co) had a net margin of 0.27% and a return on equity of 55.99%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the business posted $1.30 EPS. equities research analysts forecast that AmerisourceBergen Corporation will post 6.03 earnings per share for the current year.

In other AmerisourceBergen Corporation (Holding Co) news, insider Dale Danilewitz sold 2,012 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $74.99, for a total value of $150,879.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Steven H. Collis sold 21,350 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $76.94, for a total transaction of $1,642,669.00. Following the completion of the sale, the chairman now owns 260,226 shares of the company’s stock, valued at approximately $20,021,788.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 88,090 shares of company stock valued at $7,008,691. Company insiders own 27.40% of the company’s stock.

A number of equities analysts have recently issued reports on ABC shares. Jefferies Group LLC set a $95.00 price objective on shares of AmerisourceBergen Corporation (Holding Co) and gave the stock a “hold” rating in a research report on Tuesday, August 29th. Needham & Company LLC reissued a “buy” rating and set a $91.00 price objective on shares of AmerisourceBergen Corporation (Holding Co) in a research report on Sunday, September 10th. Mizuho set a $92.00 price objective on shares of AmerisourceBergen Corporation (Holding Co) and gave the stock a “hold” rating in a research report on Tuesday, October 24th. UBS AG cut their price objective on shares of AmerisourceBergen Corporation (Holding Co) from $94.00 to $87.00 and set a “neutral” rating on the stock in a research report on Friday, August 4th. Finally, ValuEngine raised shares of AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $90.49.

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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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