Buckingham Asset Management LLC boosted its stake in AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 4.3% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 2,447 shares of the company’s stock after buying an additional 100 shares during the period. Buckingham Asset Management LLC’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $231,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ABC. Parallel Advisors LLC boosted its position in shares of 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 buying an additional 34 shares during the last quarter. Point72 Asia Hong Kong Ltd purchased a new position in shares of AmerisourceBergen Corporation (Holding Co) during the first quarter valued at approximately $105,000. American Beacon Advisors Inc. purchased a new position in shares of AmerisourceBergen Corporation (Holding Co) during the first quarter valued at approximately $108,000. SRS Capital Advisors Inc. boosted its position in shares of 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 during the last quarter. Finally, ClariVest Asset Management LLC purchased a new position in shares of AmerisourceBergen Corporation (Holding Co) during the first quarter valued at approximately $143,000. Institutional investors own 67.66% of the company’s stock.

Shares of AmerisourceBergen Corporation (NYSE ABC) opened at 78.66 on Tuesday. The stock has a market capitalization of $17.24 billion, a price-to-earnings ratio of 20.50 and a beta of 0.91. 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 of $86.55 and a 200-day moving average of $88.67.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $1.43 EPS for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.06. AmerisourceBergen Corporation (Holding Co) had a return on equity of 56.07% and a net margin of 0.56%. The firm had revenue of $38.71 billion during the quarter, compared to analysts’ expectations of $39.13 billion. During the same quarter last year, the firm posted $1.37 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities research analysts predict that AmerisourceBergen Corporation will post $5.88 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Monday, August 21st will be paid a $0.365 dividend. The ex-dividend date is Thursday, August 17th. This represents a $1.46 dividend on an annualized basis and a yield of 1.86%. AmerisourceBergen Corporation (Holding Co)’s dividend payout ratio (DPR) is presently 38.02%.

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Several research analysts have commented on the stock. Zacks Investment Research cut shares of AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a report on Monday, July 10th. Jefferies Group LLC assumed coverage on shares of AmerisourceBergen Corporation (Holding Co) in a report on Wednesday, May 17th. They issued a “hold” rating and a $95.00 target price for the company. Mizuho raised their target price on shares of AmerisourceBergen Corporation (Holding Co) from $83.00 to $93.00 and gave the stock a “neutral” rating in a report on Tuesday, May 30th. Bank of America Corporation cut shares of AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $95.76 to $94.00 in a report on Friday, June 30th. Finally, Leerink Swann set a $90.00 target price on shares of AmerisourceBergen Corporation (Holding Co) and gave the stock a “buy” rating in a report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $93.14.

In other AmerisourceBergen Corporation (Holding Co) news, insider Gina Clark sold 1,273 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $80.94, for a total value of $103,036.62. Following the completion of the sale, the insider now owns 10,830 shares of the company’s stock, valued at $876,580.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Steven H. Collis sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were 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 directly owns 253,876 shares of the company’s stock, valued at approximately $24,057,289.76. The disclosure for this sale can be found here. Insiders sold 51,273 shares of company stock valued at $4,500,387 in the last three months. 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.

Institutional Ownership by Quarter for AmerisourceBergen Corporation (Holding Co) (NYSE:ABC)

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