Canada Pension Plan Investment Board cut its holdings in shares of AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 18.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,817 shares of the company’s stock after selling 4,701 shares during the period. Canada Pension Plan Investment Board’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $1,723,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of ABC. Parallel Advisors LLC lifted its position in AmerisourceBergen Corporation (Holding Co) by 3.2% during 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 lifted its position in AmerisourceBergen Corporation (Holding Co) by 15,000.0% during 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. lifted its position in AmerisourceBergen Corporation (Holding Co) by 29.0% during 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. Washington Trust Bank lifted its position in AmerisourceBergen Corporation (Holding Co) by 13.4% during the second quarter. Washington Trust Bank now owns 1,920 shares of the company’s stock valued at $181,000 after purchasing an additional 227 shares during the period. Finally, Intl Fcstone Inc. acquired a new position in AmerisourceBergen Corporation (Holding Co) during the second quarter valued at $201,000. Institutional investors own 66.84% of the company’s stock.

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Shares of AmerisourceBergen Corporation (NYSE:ABC) opened at $78.84 on Friday. The company has a market cap of $17,274.71, a PE ratio of 13.39, a PEG ratio of 1.37 and a beta of 0.95. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.48 and a current ratio of 0.91. AmerisourceBergen Corporation has a one year low of $71.90 and a one year high of $97.85.

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

The business also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 20th will be paid 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 1.93%. This is a boost from AmerisourceBergen Corporation (Holding Co)’s previous quarterly dividend of $0.37. AmerisourceBergen Corporation (Holding Co)’s payout ratio is currently 78.92%.

In other news, EVP Peyton R. Howell sold 3,000 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $74.87, for a total transaction of $224,610.00. Following the completion of the sale, the executive vice president now owns 38,335 shares of the company’s stock, valued at $2,870,141.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dale Danilewitz sold 1,857 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $74.69, for a total transaction of $138,699.33. The disclosure for this sale can be found here. Insiders have sold 99,211 shares of company stock valued at $7,717,919 in the last three months. Corporate insiders own 27.40% of the company’s stock.

A number of research analysts recently issued reports on the stock. Cowen and Company upgraded shares of AmerisourceBergen Corporation (Holding Co) from a “market perform” rating to an “outperform” rating in a research report on Tuesday, October 10th. Jefferies Group LLC set a $85.00 target price on shares of AmerisourceBergen Corporation (Holding Co) and gave the company a “hold” rating in a research report on Sunday, October 29th. Zacks Investment Research downgraded shares of AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Leerink Swann set a $90.00 target price on shares of AmerisourceBergen Corporation (Holding Co) and gave the company a “buy” rating in a research report on Monday, August 7th. Finally, Morgan Stanley downgraded shares of AmerisourceBergen Corporation (Holding Co) from an “overweight” rating to an “equal weight” rating in a research report on Thursday, September 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $90.94.

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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