Asset Management One Co. Ltd. cut its holdings in shares of AmerisourceBergen Corp. (NYSE:ABC) by 3.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 259,779 shares of the company’s stock after selling 9,759 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.12% of AmerisourceBergen worth $21,472,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC increased its holdings in AmerisourceBergen by 3.2% in the 2nd quarter. Parallel Advisors LLC now owns 1,109 shares of the company’s stock worth $104,000 after acquiring an additional 34 shares during the last quarter. Sun Life Financial INC increased its holdings in AmerisourceBergen 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 acquiring an additional 1,200 shares during the last quarter. D.A. Davidson & CO. increased its holdings in AmerisourceBergen 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 acquiring an additional 375 shares during the last quarter. Intl Fcstone Inc. purchased a new stake in AmerisourceBergen in the 2nd quarter worth about $201,000. Finally, Pinnacle Associates Ltd. purchased a new stake in AmerisourceBergen in the 2nd quarter worth about $203,000. 67.94% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts recently weighed in on the company. Cowen set a $107.00 price objective on AmerisourceBergen and gave the stock a “buy” rating in a report on Tuesday. Robert W. Baird set a $99.00 price objective on AmerisourceBergen and gave the stock a “buy” rating in a report on Friday, December 1st. Jefferies Group set a $85.00 price objective on AmerisourceBergen and gave the stock a “hold” rating in a report on Sunday, October 29th. Needham & Company LLC lifted their target price on AmerisourceBergen from $86.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, November 22nd. Finally, Royal Bank of Canada began coverage on AmerisourceBergen in a report on Tuesday, September 19th. They set a “sector perform” rating and a $87.00 target price for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $93.20.

AmerisourceBergen Corp. (ABC) opened at $87.82 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.48 and a debt-to-equity ratio of 1.83. The firm has a market capitalization of $18,922.97, a PE ratio of 14.73, a price-to-earnings-growth ratio of 1.50 and a beta of 1.00. AmerisourceBergen Corp. has a twelve month low of $71.90 and a twelve month high of $97.85.

AmerisourceBergen (NYSE:ABC) last posted its earnings results on Thursday, November 2nd. The company reported $1.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.01. The business had revenue of $39.12 billion during the quarter, compared to analyst estimates of $40.10 billion. AmerisourceBergen had a return on equity of 56.29% and a net margin of 0.27%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.30 EPS. equities research analysts expect that AmerisourceBergen Corp. will post 6.07 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, December 4th. Stockholders of record on Monday, November 20th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date was Friday, November 17th. This is an increase from AmerisourceBergen’s previous quarterly dividend of $0.37. AmerisourceBergen’s dividend payout ratio (DPR) is 82.16%.

In other news, insider Dale Danilewitz sold 2,012 shares of AmerisourceBergen stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $85.00, for a total transaction of $171,020.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Tim G. Guttman sold 11,600 shares of AmerisourceBergen stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $79.47, for a total value of $921,852.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 168,407 shares of company stock valued at $13,569,358. Corporate insiders own 27.40% of the company’s stock.

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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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