Harel Insurance Investments & Financial Services Ltd. maintained its stake in AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) during the second quarter, Holdings Channel reports. The fund owned 3,100 shares of the company’s stock at the end of the second quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $293,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the stock. Raymond James Trust N.A. raised its stake in AmerisourceBergen Corporation (Holding Co) by 4.2% in the first quarter. Raymond James Trust N.A. now owns 3,594 shares of the company’s stock worth $318,000 after buying an additional 145 shares during the period. Creative Planning raised its stake in AmerisourceBergen Corporation (Holding Co) by 3.6% in the first quarter. Creative Planning now owns 19,042 shares of the company’s stock worth $1,685,000 after buying an additional 658 shares during the period. Highland Capital Management LLC bought a new stake in AmerisourceBergen Corporation (Holding Co) during the first quarter worth approximately $1,020,000. Regentatlantic Capital LLC raised its stake in AmerisourceBergen Corporation (Holding Co) by 11.1% in the first quarter. Regentatlantic Capital LLC now owns 4,719 shares of the company’s stock worth $418,000 after buying an additional 471 shares during the period. Finally, Beutel Goodman & Co Ltd. bought a new stake in AmerisourceBergen Corporation (Holding Co) during the first quarter worth approximately $100,455,000. Hedge funds and other institutional investors own 68.87% of the company’s stock.

AmerisourceBergen Corporation (NYSE ABC) opened at 78.88 on Friday. AmerisourceBergen Corporation has a 52 week low of $68.38 and a 52 week high of $97.85. The stock has a 50 day moving average price of $91.38 and a 200-day moving average price of $89.22. The firm has a market capitalization of $17.28 billion, a P/E ratio of 20.55 and a beta of 0.91.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last posted its earnings results on Thursday, August 3rd. The company reported $1.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.06. The company had revenue of $38.71 billion for the quarter, compared to analysts’ expectations of $39.13 billion. AmerisourceBergen Corporation (Holding Co) had a return on equity of 56.07% and a net margin of 0.56%. AmerisourceBergen Corporation (Holding Co)’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm earned $1.37 earnings per share. Analysts anticipate that AmerisourceBergen Corporation will post $5.88 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Monday, August 21st will be paid a $0.365 dividend. This represents a $1.46 annualized dividend and a dividend yield of 1.85%. AmerisourceBergen Corporation (Holding Co)’s payout ratio is presently 38.02%.

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ABC has been the topic of a number of analyst reports. Vetr upgraded AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “strong-buy” rating and set a $97.44 price target on the stock in a research report on Tuesday, April 18th. Jefferies Group LLC initiated coverage on AmerisourceBergen Corporation (Holding Co) in a research report on Wednesday, May 17th. They issued a “hold” rating and a $95.00 price target on the stock. Mizuho upped their price target on AmerisourceBergen Corporation (Holding Co) from $83.00 to $93.00 and gave the company a “neutral” rating in a research report on Tuesday, May 30th. BidaskClub upgraded AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Finally, Bank of America Corporation lowered AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “neutral” rating and reduced their price target for the company from $95.76 to $94.00 in a research report on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $93.14.

In related news, Chairman Steven H. Collis sold 15,000 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $94.76, for a total value of $1,421,400.00. Following the sale, the chairman now directly owns 253,876 shares of the company’s stock, valued at $24,057,289.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 27.40% of the stock is owned by company insiders.

About AmerisourceBergen Corporation (Holding Co)

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 Corporation (Holding Co) (NYSE:ABC)

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