Rhumbline Advisers reduced its stake in AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 3.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 312,344 shares of the company’s stock after selling 10,195 shares during the period. Rhumbline Advisers’ holdings in AmerisourceBergen Corporation (Holding Co) were worth $29,526,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in ABC. Point72 Asia Hong Kong Ltd acquired a new stake in shares of AmerisourceBergen Corporation (Holding Co) during the first quarter valued at about $105,000. American Beacon Advisors Inc. acquired a new stake in shares of AmerisourceBergen Corporation (Holding Co) during the first quarter valued at about $108,000. SRS Capital Advisors Inc. increased its stake 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 in the last quarter. ClariVest Asset Management LLC acquired a new stake in shares of AmerisourceBergen Corporation (Holding Co) during the first quarter valued at about $143,000. Finally, Washington Trust Bank increased its stake in shares of AmerisourceBergen Corporation (Holding Co) by 400.9% in the first quarter. Washington Trust Bank now owns 1,693 shares of the company’s stock valued at $150,000 after buying an additional 1,355 shares in the last quarter. 68.81% of the stock is owned by hedge funds and other institutional investors.

Shares of AmerisourceBergen Corporation (NYSE:ABC) opened at 80.08 on Tuesday. The stock has a market capitalization of $17.55 billion, a P/E ratio of 20.87 and a beta of 0.91. The stock’s 50 day moving average price is $90.46 and its 200-day moving average price is $89.22. AmerisourceBergen Corporation has a 1-year low of $68.38 and a 1-year high of $97.85.

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

The firm also recently declared 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. This represents a $1.46 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend is Thursday, August 17th. AmerisourceBergen Corporation (Holding Co)’s dividend payout ratio is presently 38.02%.

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Several equities research analysts recently issued reports on the company. Zacks Investment Research downgraded AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a research note on Monday, July 10th. Jefferies Group LLC assumed coverage on AmerisourceBergen Corporation (Holding Co) in a research note on Wednesday, May 17th. They issued a “hold” rating and a $95.00 price objective for the company. Mizuho increased their price objective on AmerisourceBergen Corporation (Holding Co) from $83.00 to $93.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 30th. Bank of America Corporation downgraded AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $95.76 to $94.00 in a research note on Friday, June 30th. Finally, Leerink Swann set a $90.00 price objective on AmerisourceBergen Corporation (Holding Co) and gave the stock a “buy” rating in a research note 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 given a strong buy rating to the company. AmerisourceBergen Corporation (Holding Co) 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 the business’s stock in a transaction 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 $24,057,289.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 27.40% of the company’s stock.

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.

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

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