Savant Capital LLC raised its position in AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 0.8% during the second quarter, Holdings Channel reports. The fund owned 4,846 shares of the company’s stock after buying an additional 40 shares during the period. Savant Capital LLC’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $458,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of ABC. SRS Capital Advisors Inc. increased its stake in AmerisourceBergen Corporation (Holding Co) by 0.3% in the first quarter. SRS Capital Advisors Inc. now owns 1,235 shares of the company’s stock valued at $109,000 after buying an additional 4 shares in the last quarter. Bollard Group LLC increased its stake in AmerisourceBergen Corporation (Holding Co) by 0.4% in the first quarter. Bollard Group LLC now owns 2,912 shares of the company’s stock valued at $258,000 after buying an additional 11 shares in the last quarter. Jaffetilchin Investment Partners LLC increased its stake in AmerisourceBergen Corporation (Holding Co) by 0.4% in the first quarter. Jaffetilchin Investment Partners LLC now owns 5,106 shares of the company’s stock valued at $452,000 after buying an additional 19 shares in the last quarter. Reinhart Partners Inc. increased its stake in AmerisourceBergen Corporation (Holding Co) by 0.6% in the first quarter. Reinhart Partners Inc. now owns 4,040 shares of the company’s stock valued at $358,000 after buying an additional 25 shares in the last quarter. Finally, Alpha Windward LLC increased its stake in AmerisourceBergen Corporation (Holding Co) by 1.8% in the first quarter. Alpha Windward LLC now owns 2,148 shares of the company’s stock valued at $190,000 after buying an additional 39 shares in the last quarter. Institutional investors and hedge funds own 68.81% of the company’s stock.

AmerisourceBergen Corporation (NYSE ABC) opened at 80.08 on Tuesday. The firm has a 50-day moving average price of $90.46 and a 200 day moving average price of $89.22. AmerisourceBergen Corporation has a 52-week low of $68.38 and a 52-week high of $97.85. The stock has a market cap of $17.55 billion, a PE ratio of 20.87 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 EPS for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.06. The business had revenue of $38.71 billion during the quarter, compared to analyst estimates of $39.13 billion. AmerisourceBergen Corporation (Holding Co) had a return on equity of 56.07% and a net margin of 0.56%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.37 EPS. On average, analysts forecast that AmerisourceBergen Corporation will post $5.88 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Monday, August 21st will be issued a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Thursday, August 17th. AmerisourceBergen Corporation (Holding Co)’s payout ratio is 38.02%.

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Several equities research analysts have recently commented on the company. Zacks Investment Research upgraded AmerisourceBergen Corporation (Holding Co) from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Bank of America Corporation downgraded AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $95.76 to $94.00 in a report on Friday, June 30th. Jefferies Group LLC reaffirmed a “hold” rating and set a $95.00 target price on shares of AmerisourceBergen Corporation (Holding Co) in a research report on Wednesday, June 21st. Leerink Swann set a $90.00 target price on AmerisourceBergen Corporation (Holding Co) and gave the company a “buy” rating in a research report on Monday, August 7th. Finally, Vetr raised AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “strong-buy” rating and set a $97.44 target price on the stock in a research report on Wednesday, May 17th. One analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $93.14.

In other AmerisourceBergen Corporation (Holding Co) news, Chairman Steven H. Collis sold 15,000 shares of AmerisourceBergen Corporation (Holding Co) stock in a transaction on 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 completion of the sale, the chairman now owns 253,876 shares of the company’s stock, valued at approximately $24,057,289.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 27.40% of the stock is currently 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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