Dupont Capital Management Corp cut its holdings in shares of AmerisourceBergen (NYSE:ABC) by 92.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,327 shares of the company’s stock after selling 16,975 shares during the period. Dupont Capital Management Corp’s holdings in AmerisourceBergen were worth $114,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in ABC. Vulcan Value Partners LLC grew its position in shares of AmerisourceBergen by 29.4% during the fourth quarter. Vulcan Value Partners LLC now owns 7,530,523 shares of the company’s stock worth $691,452,000 after acquiring an additional 1,710,816 shares during the last quarter. Millennium Management LLC grew its position in shares of AmerisourceBergen by 429.2% during the fourth quarter. Millennium Management LLC now owns 1,507,690 shares of the company’s stock worth $138,436,000 after acquiring an additional 1,222,806 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of AmerisourceBergen by 5.8% during the fourth quarter. BlackRock Inc. now owns 12,384,803 shares of the company’s stock worth $1,137,171,000 after purchasing an additional 679,417 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of AmerisourceBergen by 23.8% during the fourth quarter. Bank of New York Mellon Corp now owns 2,864,488 shares of the company’s stock worth $263,016,000 after purchasing an additional 550,215 shares during the period. Finally, Beutel Goodman & Co Ltd. lifted its holdings in shares of AmerisourceBergen by 23.3% during the fourth quarter. Beutel Goodman & Co Ltd. now owns 2,374,727 shares of the company’s stock worth $174,194,000 after purchasing an additional 449,330 shares during the period. Institutional investors and hedge funds own 66.86% of the company’s stock.

In other news, insider Robert P. Mauch sold 1,000 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $97.94, for a total value of $97,940.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Tim G. Guttman sold 11,600 shares of the firm’s stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $87.24, for a total value of $1,011,984.00. Following the completion of the transaction, the chief financial officer now owns 56,472 shares of the company’s stock, valued at approximately $4,926,617.28. The disclosure for this sale can be found here. In the last three months, insiders sold 114,092 shares of company stock valued at $10,136,544. 27.30% of the stock is owned by corporate insiders.

ABC has been the subject of several recent research reports. Zacks Investment Research raised AmerisourceBergen from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a report on Thursday, February 8th. Bank of America initiated coverage on AmerisourceBergen in a report on Tuesday, February 27th. They set a “buy” rating and a $111.00 price target for the company. Argus increased their price target on AmerisourceBergen from $93.96 to $115.00 and gave the stock a “buy” rating in a report on Monday, March 5th. Credit Suisse Group reaffirmed an “outperform” rating and set a $112.00 price target (up from $105.00) on shares of AmerisourceBergen in a report on Wednesday, February 7th. They noted that the move was a valuation call. Finally, Barclays initiated coverage on AmerisourceBergen in a report on Thursday, March 8th. They set an “equal weight” rating and a $104.00 price target for the company. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $103.07.

AmerisourceBergen opened at $87.07 on Friday, Marketbeat reports. AmerisourceBergen has a one year low of $85.52 and a one year high of $86.72. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.94 and a quick ratio of 0.48. The firm has a market capitalization of $18.90 billion, a price-to-earnings ratio of 13.76, a price-to-earnings-growth ratio of 1.30 and a beta of 1.04.

AmerisourceBergen (NYSE:ABC) last released its earnings results on Wednesday, May 2nd. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.13. AmerisourceBergen had a return on equity of 51.04% and a net margin of 0.57%. The company had revenue of $41.03 billion during the quarter, compared to the consensus estimate of $40.56 billion. During the same quarter last year, the company earned $1.77 earnings per share. AmerisourceBergen’s quarterly revenue was up 10.5% compared to the same quarter last year. analysts predict that AmerisourceBergen will post 6.49 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 4th. Shareholders of record on Monday, May 21st will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Friday, May 18th. AmerisourceBergen’s dividend payout ratio (DPR) is currently 25.85%.

About AmerisourceBergen

AmerisourceBergen Corporation sources and distributes pharmaceutical products in the United States and internationally. Its Pharmaceutical Distribution segment distributes brand-name and generic pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, outsourced compounded sterile preparations, and related services to various healthcare providers, including acute care hospitals and health systems, independent and chain retail pharmacies, mail order pharmacies, medical clinics, long-term care and other alternate site pharmacies, and other customers.

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Institutional Ownership by Quarter for AmerisourceBergen (NYSE:ABC)

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