Principal Financial Group Inc. decreased its holdings in shares of AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 5.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 251,142 shares of the company’s stock after selling 15,706 shares during the period. Principal Financial Group Inc. owned approximately 0.11% of AmerisourceBergen Corporation (Holding Co) worth $20,782,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Parallel Advisors LLC increased its position in AmerisourceBergen Corporation (Holding Co) by 3.2% during the 2nd quarter. Parallel Advisors LLC now owns 1,109 shares of the company’s stock worth $104,000 after purchasing an additional 34 shares during the period. Savant Capital LLC increased its position in AmerisourceBergen Corporation (Holding Co) by 0.8% during the 2nd quarter. Savant Capital LLC now owns 4,846 shares of the company’s stock worth $458,000 after purchasing an additional 40 shares during the period. Stephens Inc. AR increased its position in AmerisourceBergen Corporation (Holding Co) by 1.5% during the 2nd quarter. Stephens Inc. AR now owns 5,141 shares of the company’s stock worth $486,000 after purchasing an additional 77 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in AmerisourceBergen Corporation (Holding Co) by 0.7% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,329 shares of the company’s stock worth $1,165,000 after purchasing an additional 80 shares during the period. Finally, Cadence Bank NA increased its position in AmerisourceBergen Corporation (Holding Co) by 3.6% during the 2nd quarter. Cadence Bank NA now owns 2,555 shares of the company’s stock worth $241,000 after purchasing an additional 88 shares during the period. Institutional investors own 68.50% of the company’s stock.

Several equities analysts have issued reports on the company. Needham & Company LLC boosted their target price on AmerisourceBergen Corporation (Holding Co) from $86.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday. Leerink Swann set a $90.00 target price on AmerisourceBergen Corporation (Holding Co) and gave the stock a “buy” rating in a research report on Monday, August 7th. TheStreet cut AmerisourceBergen Corporation (Holding Co) from a “b” rating to a “c+” rating in a research report on Thursday, August 3rd. BidaskClub lowered AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Finally, Jefferies Group LLC set a $85.00 price target on AmerisourceBergen Corporation (Holding Co) and gave the stock a “hold” rating in a research note on Sunday, October 29th. One investment 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 presently has a consensus rating of “Hold” and a consensus target price of $91.14.

In related news, Chairman Steven H. Collis sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $79.92, for a total value of $1,198,800.00. Following the sale, the chairman now owns 253,876 shares of the company’s stock, valued at approximately $20,289,769.92. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Dale Danilewitz sold 2,012 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $85.00, for a total value of $171,020.00. The disclosure for this sale can be found here. Insiders have sold a total of 103,670 shares of company stock worth $8,067,058 in the last three months. Corporate insiders own 27.40% of the company’s stock.

Shares of AmerisourceBergen Corporation (ABC) opened at $81.40 on Friday. The company has a market capitalization of $17,835.63, a P/E ratio of 13.82, a PEG ratio of 1.41 and a beta of 0.95. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.48 and a current ratio of 0.91. AmerisourceBergen Corporation has a 52 week low of $71.90 and a 52 week high of $97.85.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last announced its quarterly 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. The business had revenue of $39.12 billion for the quarter, compared to analyst estimates of $40.10 billion. AmerisourceBergen Corporation (Holding Co) had a return on equity of 56.29% and a net margin of 0.27%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.30 EPS. research analysts expect that AmerisourceBergen Corporation will post 6.06 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 20th will be paid a dividend of $0.38 per share. This is a positive change from AmerisourceBergen Corporation (Holding Co)’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.52 annualized dividend and a dividend yield of 1.87%. AmerisourceBergen Corporation (Holding Co)’s payout ratio is 82.16%.

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AmerisourceBergen Corporation (Holding Co) Company 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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