Bremer Trust National Association raised its position in AmerisourceBergen Corp. (NYSE:ABC) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,758 shares of the company’s stock after purchasing an additional 595 shares during the period. Bremer Trust National Association’s holdings in AmerisourceBergen were worth $1,264,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of ABC. Alliancebernstein L.P. increased its stake in AmerisourceBergen by 5.2% in the second quarter. Alliancebernstein L.P. now owns 345,584 shares of the company’s stock valued at $32,668,000 after purchasing an additional 17,203 shares in the last quarter. Dai Ichi Life Insurance Company Ltd increased its stake in AmerisourceBergen by 6.7% in the second quarter. Dai Ichi Life Insurance Company Ltd now owns 14,255 shares of the company’s stock valued at $1,348,000 after purchasing an additional 900 shares in the last quarter. Stephens Inc. AR increased its stake in AmerisourceBergen by 1.5% in the second quarter. Stephens Inc. AR now owns 5,141 shares of the company’s stock valued at $486,000 after purchasing an additional 77 shares in the last quarter. Teachers Advisors LLC increased its position in shares of AmerisourceBergen by 9.0% during the second quarter. Teachers Advisors LLC now owns 411,784 shares of the company’s stock worth $38,926,000 after acquiring an additional 34,095 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in shares of AmerisourceBergen by 3.6% during the second quarter. TIAA CREF Investment Management LLC now owns 1,332,393 shares of the company’s stock worth $125,951,000 after acquiring an additional 45,869 shares in the last quarter. 67.83% of the stock is owned by hedge funds and other institutional investors.

In related news, CFO Tim G. Guttman sold 11,600 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $74.28, for a total transaction of $861,648.00. Following the completion of the transaction, the chief financial officer now owns 40,326 shares in the company, valued at $2,995,415.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John G. Chou sold 15,937 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $74.50, for a total transaction of $1,187,306.50. Following the transaction, the insider now owns 57,924 shares of the company’s stock, valued at approximately $4,315,338. The disclosure for this sale can be found here. Insiders have sold 203,823 shares of company stock valued at $17,145,148 in the last 90 days. 27.40% of the stock is currently owned by corporate insiders.

ABC has been the subject of several research reports. Needham & Company LLC set a $93.00 price objective on shares of AmerisourceBergen and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Robert W. Baird set a $99.00 price objective on shares of AmerisourceBergen and gave the stock a “buy” rating in a research report on Friday, December 1st. ValuEngine raised shares of AmerisourceBergen from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. Deutsche Bank initiated coverage on shares of AmerisourceBergen in a research report on Monday, December 4th. They set a “buy” rating and a $97.00 price objective for the company. Finally, Cowen set a $107.00 price objective on shares of AmerisourceBergen and gave the stock a “buy” rating in a research report on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $95.96.

AmerisourceBergen Corp. (ABC) opened at $99.00 on Friday. AmerisourceBergen Corp. has a 1-year low of $71.90 and a 1-year high of $99.00. The company has a market cap of $21,402.57, a price-to-earnings ratio of 53.51, a P/E/G ratio of 1.67 and a beta of 0.99. The company has a current ratio of 0.91, a quick ratio of 0.48 and a debt-to-equity ratio of 1.83.

AmerisourceBergen (NYSE:ABC) last announced its earnings results on Thursday, November 2nd. The company reported $1.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.01. AmerisourceBergen had a net margin of 0.27% and a return on equity of 56.29%. The business had revenue of $39.12 billion during the quarter, compared to analysts’ expectations of $40.10 billion. During the same quarter in the prior year, the company posted $1.30 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. analysts forecast that AmerisourceBergen Corp. will post 6.19 EPS for the current fiscal year.

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AmerisourceBergen 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 (NYSE:ABC)

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