AmerisourceBergen Corp. (ABC) Shares Bought by Fort Washington Investment Advisors Inc. OH
Fort Washington Investment Advisors Inc. OH increased its holdings in AmerisourceBergen Corp. (NYSE:ABC) by 1.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,390,934 shares of the company’s stock after purchasing an additional 26,307 shares during the period. AmerisourceBergen comprises about 1.3% of Fort Washington Investment Advisors Inc. OH’s portfolio, making the stock its 18th largest holding. Fort Washington Investment Advisors Inc. OH’s holdings in AmerisourceBergen were worth $103,486,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Private Capital Group LLC increased its holdings in AmerisourceBergen by 201.3% in the 4th quarter. Private Capital Group LLC now owns 482 shares of the company’s stock worth $36,000 after buying an additional 322 shares in the last quarter. Financial Gravity Companies Inc. purchased a new position in AmerisourceBergen in the fourth quarter worth about $54,000. Exane Asset Management purchased a new position in AmerisourceBergen in the fourth quarter worth about $73,000. Ipswich Investment Management Co. Inc. purchased a new position in AmerisourceBergen in the fourth quarter worth about $96,000. Finally, Capital Investment Advisory Services LLC purchased a new position in AmerisourceBergen in the fourth quarter worth about $101,000. Institutional investors own 68.51% of the company’s stock.
Several research analysts have issued reports on ABC shares. ValuEngine raised AmerisourceBergen from a “sell” rating to a “hold” rating in a research report on Thursday, January 31st. Zacks Investment Research raised AmerisourceBergen from a “sell” rating to a “hold” rating in a research report on Friday, November 16th. Royal Bank of Canada set a $90.00 price objective on AmerisourceBergen and gave the company a “hold” rating in a research report on Wednesday, November 7th. TheStreet cut AmerisourceBergen from a “b-” rating to a “c+” rating in a research report on Tuesday, January 8th. Finally, UBS Group started coverage on AmerisourceBergen in a research report on Thursday, January 17th. They set a “buy” rating and a $89.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $96.00.
ABC stock opened at $84.31 on Monday. AmerisourceBergen Corp. has a twelve month low of $69.36 and a twelve month high of $102.00. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.53 and a current ratio of 0.94. The stock has a market cap of $17.80 billion, a PE ratio of 12.99, a P/E/G ratio of 1.55 and a beta of 1.12.
AmerisourceBergen (NYSE:ABC) last posted its quarterly earnings data on Thursday, January 31st. The company reported $1.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.50 by $0.10. AmerisourceBergen had a return on equity of 44.53% and a net margin of 0.69%. The firm had revenue of $45.39 billion for the quarter, compared to analysts’ expectations of $43.52 billion. As a group, equities analysts forecast that AmerisourceBergen Corp. will post 6.75 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 4th. Stockholders of record on Tuesday, February 19th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, February 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.90%. AmerisourceBergen’s payout ratio is currently 24.65%.
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AmerisourceBergen Corporation sources and distributes pharmaceutical products in the United States and internationally. Its Pharmaceutical Distribution segment distributes brand-name and generic pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, outsourced compounded sterile preparations, and related services to various healthcare providers, including acute care hospitals and health systems, independent and chain retail pharmacies, mail order pharmacies, medical clinics, long-term care and other alternate site pharmacies, and other customers.
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