Aperio Group LLC lifted its holdings in shares of AmerisourceBergen Corp. (NYSE:ABC) by 11.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 153,011 shares of the company’s stock after purchasing an additional 15,381 shares during the period. Aperio Group LLC’s holdings in AmerisourceBergen were worth $14,049,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in ABC. Vantage Investment Advisors LLC bought a new stake in shares of AmerisourceBergen during the 4th quarter worth $156,000. Intl Fcstone Inc. bought a new stake in shares of AmerisourceBergen during the 2nd quarter worth $201,000. TRUE Private Wealth Advisors bought a new stake in shares of AmerisourceBergen during the 4th quarter worth $203,000. Zeke Capital Advisors LLC bought a new stake in shares of AmerisourceBergen during the 3rd quarter worth $210,000. Finally, Roberts Glore & Co. Inc. IL bought a new stake in shares of AmerisourceBergen during the 3rd quarter worth $219,000. Institutional investors own 67.57% of the company’s stock.
Shares of AmerisourceBergen Corp. (NYSE ABC) opened at $94.22 on Thursday. AmerisourceBergen Corp. has a 52 week low of $71.90 and a 52 week high of $106.27. The stock has a market capitalization of $20,590.00, a PE ratio of 21.37, a P/E/G ratio of 1.54 and a beta of 1.02. The company has a quick ratio of 0.48, a current ratio of 0.91 and a debt-to-equity ratio of 1.83.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 5th. Shareholders of record on Tuesday, February 20th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.61%. AmerisourceBergen’s payout ratio is presently 34.47%.
A number of equities research analysts have recently commented on ABC shares. Zacks Investment Research upgraded AmerisourceBergen from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. Needham & Company LLC set a $93.00 target price on AmerisourceBergen and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Mizuho set a $92.00 price objective on AmerisourceBergen and gave the company a “hold” rating in a research note on Tuesday, October 24th. Jefferies Group set a $85.00 price objective on AmerisourceBergen and gave the company a “hold” rating in a research note on Sunday, October 29th. Finally, ValuEngine upgraded AmerisourceBergen from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $100.67.
In other AmerisourceBergen news, Chairman Steven H. Collis sold 21,350 shares of AmerisourceBergen stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $98.58, for a total transaction of $2,104,683.00. Following the completion of the transaction, the chairman now owns 287,925 shares of the company’s stock, valued at approximately $28,383,646.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Lazarus Krikorian sold 16,427 shares of AmerisourceBergen stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $84.86, for a total value of $1,393,995.22. Following the transaction, the senior vice president now directly owns 23,360 shares of the company’s stock, valued at approximately $1,982,329.60. The disclosure for this sale can be found here. Insiders have sold a total of 201,934 shares of company stock valued at $18,152,630 in the last ninety days. Insiders own 27.30% of the company’s stock.
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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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