Dupont Capital Management Corp raised its stake in AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 109.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 61,280 shares of the company’s stock after buying an additional 32,009 shares during the period. Dupont Capital Management Corp’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $5,793,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the company. Point72 Asia Hong Kong Ltd acquired a new position in shares of AmerisourceBergen Corporation (Holding Co) during the first quarter valued at about $105,000. American Beacon Advisors Inc. acquired a new position in shares of AmerisourceBergen Corporation (Holding Co) during the first quarter valued at about $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 in the last quarter. ClariVest Asset Management LLC acquired a new position in shares of AmerisourceBergen Corporation (Holding Co) during the first quarter valued at about $143,000. Finally, Washington Trust Bank boosted its position 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 currently owned by institutional investors.

AmerisourceBergen Corporation (NYSE ABC) opened at 80.00 on Wednesday. The firm has a market capitalization of $17.53 billion, a PE ratio of 20.84 and a beta of 0.91. The firm has a 50 day moving average of $90.00 and a 200 day moving average of $89.20. AmerisourceBergen Corporation has a one year low of $68.38 and a one year high of $97.85.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Monday, August 21st will be paid a $0.365 dividend. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 1.83%. AmerisourceBergen Corporation (Holding Co)’s dividend payout ratio (DPR) is presently 38.02%.

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ABC has been the topic of several recent research reports. Vetr cut shares of AmerisourceBergen Corporation (Holding Co) from a “strong-buy” rating to a “buy” rating and set a $97.44 price objective on the stock. in a research note on Tuesday, May 9th. BidaskClub raised shares of AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Credit Suisse Group reaffirmed a “buy” rating and issued a $95.00 price objective on shares of AmerisourceBergen Corporation (Holding Co) in a research note on Thursday, July 13th. Leerink Swann set a $90.00 price objective on shares of AmerisourceBergen Corporation (Holding Co) and gave the stock a “buy” rating in a research note on Monday, August 7th. Finally, TheStreet cut shares of AmerisourceBergen Corporation (Holding Co) from a “b” rating to a “c+” rating in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $93.14.

In other news, Chairman Steven H. Collis sold 15,000 shares of the company’s stock in a transaction dated Monday, July 3rd. The stock was 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate 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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