Court Place Advisors LLC trimmed its position in AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 3.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,191 shares of the company’s stock after selling 710 shares during the quarter. Court Place Advisors LLC’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $1,505,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of ABC. Parallel Advisors LLC lifted its stake 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 worth $104,000 after buying an additional 34 shares during the last quarter. Sun Life Financial INC lifted its stake in shares of 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 worth $114,000 after buying an additional 1,200 shares during the last quarter. D.A. Davidson & CO. lifted its stake in shares of 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 worth $157,000 after buying an additional 375 shares during the last quarter. Washington Trust Bank lifted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 13.4% in the second quarter. Washington Trust Bank now owns 1,920 shares of the company’s stock worth $181,000 after buying an additional 227 shares during the last quarter. Finally, Intl Fcstone Inc. acquired a new stake in shares of AmerisourceBergen Corporation (Holding Co) in the second quarter worth $201,000. Institutional investors and hedge funds own 66.84% of the company’s stock.

In related news, insider Peyton R. Howell sold 20,000 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $80.00, for a total transaction of $1,600,000.00. Following the transaction, the insider now owns 57,135 shares in the company, valued at approximately $4,570,800. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Gina Clark sold 1,273 shares of the company’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $80.94, for a total transaction of $103,036.62. Following the transaction, the insider now owns 10,830 shares in the company, valued at approximately $876,580.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 115,627 shares of company stock worth $9,057,646. 27.40% of the stock is owned by corporate insiders.

A number of brokerages recently issued reports on ABC. BidaskClub lowered shares of AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Morgan Stanley lowered shares of AmerisourceBergen Corporation (Holding Co) from an “overweight” rating to an “equal weight” rating in a research report on Thursday, September 14th. Zacks Investment Research lowered shares of AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Robert W. Baird raised shares of AmerisourceBergen Corporation (Holding Co) from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $89.00 to $96.00 in a research report on Thursday, October 5th. Finally, Needham & Company LLC set a $93.00 target price on shares of AmerisourceBergen Corporation (Holding Co) and gave the stock a “buy” rating in a research report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $90.94.

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AmerisourceBergen Corporation (NYSE ABC) traded down $0.27 on Monday, hitting $75.00. 3,005,700 shares of the stock traded hands, compared to its average volume of 1,779,507. The company has a current ratio of 0.91, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62. AmerisourceBergen Corporation has a fifty-two week low of $71.90 and a fifty-two week high of $97.85. The company has a market cap of $16,390.00, a price-to-earnings ratio of 12.73, a price-to-earnings-growth ratio of 1.31 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 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.01. AmerisourceBergen Corporation (Holding Co) had a net margin of 0.27% and a return on equity of 55.99%. The business had revenue of $39.12 billion for the quarter, compared to analyst estimates of $40.10 billion. During the same quarter in the prior year, the firm earned $1.30 EPS. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. sell-side analysts predict that AmerisourceBergen Corporation will post 6.04 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Monday, November 20th will be given a dividend of $0.38 per share. This is an increase from AmerisourceBergen Corporation (Holding Co)’s previous quarterly dividend of $0.37. The ex-dividend date is Friday, November 17th. This represents a $1.52 annualized dividend and a yield of 2.03%. AmerisourceBergen Corporation (Holding Co)’s dividend payout ratio is 78.92%.

AmerisourceBergen Corporation (Holding Co) 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.

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

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