Sivik Global Healthcare LLC reduced its position in shares of AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 27.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,000 shares of the company’s stock after selling 15,000 shares during the period. Sivik Global Healthcare LLC’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $3,310,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its holdings in AmerisourceBergen Corporation (Holding Co) by 3.2% in the second quarter. Parallel Advisors LLC now owns 1,109 shares of the company’s stock valued at $104,000 after purchasing an additional 34 shares during the period. Sun Life Financial INC boosted its holdings in AmerisourceBergen Corporation (Holding Co) by 15,000.0% in the second quarter. Sun Life Financial INC now owns 1,208 shares of the company’s stock valued at $114,000 after purchasing an additional 1,200 shares during the period. D.A. Davidson & CO. boosted its holdings in AmerisourceBergen Corporation (Holding Co) by 29.0% in the second quarter. D.A. Davidson & CO. now owns 1,668 shares of the company’s stock valued at $157,000 after purchasing an additional 375 shares during the period. Intl Fcstone Inc. purchased a new position in AmerisourceBergen Corporation (Holding Co) in the second quarter valued at $201,000. Finally, Pinnacle Associates Ltd. purchased a new position in AmerisourceBergen Corporation (Holding Co) in the second quarter valued at $203,000. Institutional investors and hedge funds own 68.50% of the company’s stock.

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A number of analysts have issued reports on ABC shares. Needham & Company LLC lifted their price target on AmerisourceBergen Corporation (Holding Co) from $86.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday. Jefferies Group LLC set a $95.00 price target on AmerisourceBergen Corporation (Holding Co) and gave the stock a “hold” rating in a report on Tuesday, August 29th. Robert W. Baird reaffirmed a “buy” rating and set a $96.00 price target on shares of AmerisourceBergen Corporation (Holding Co) in a report on Monday, November 6th. Mizuho set a $92.00 price target on AmerisourceBergen Corporation (Holding Co) and gave the stock a “hold” rating in a report on Tuesday, October 24th. Finally, UBS Group AG decreased their price target on AmerisourceBergen Corporation (Holding Co) from $94.00 to $87.00 and set a “neutral” rating for the company in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $91.14.

AmerisourceBergen Corporation (ABC) traded up $1.94 on Thursday, hitting $81.40. The stock had a trading volume of 1,918,007 shares, compared to its average volume of 1,795,651. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.91 and a quick ratio of 0.48. AmerisourceBergen Corporation has a twelve month low of $71.90 and a twelve month high of $97.85. The firm has a market capitalization of $17,410.56, a PE ratio of 13.49, a P/E/G ratio of 1.38 and a beta of 0.95.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last posted its earnings results on Thursday, November 2nd. The company reported $1.33 EPS for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.01. AmerisourceBergen Corporation (Holding Co) had a return on equity of 55.99% and a net margin of 0.27%. The business had revenue of $39.12 billion for the quarter, compared to analysts’ expectations of $40.10 billion. During the same quarter in the previous year, the firm earned $1.30 earnings per share. The business’s revenue was up 4.2% compared to the same quarter last year. equities research analysts forecast that AmerisourceBergen Corporation will post 6.04 earnings per share for the current fiscal year.

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

In other news, EVP Peyton R. Howell sold 3,000 shares of AmerisourceBergen Corporation (Holding Co) stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $74.87, for a total transaction of $224,610.00. Following the sale, the executive vice president now owns 38,335 shares in the company, valued at $2,870,141.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dale Danilewitz sold 4,459 shares of AmerisourceBergen Corporation (Holding Co) stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $78.30, for a total value of $349,139.70. The disclosure for this sale can be found here. Insiders have sold 103,670 shares of company stock worth $8,067,058 in the last quarter. Insiders own 27.40% of the company’s stock.

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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