Korea Investment CORP cut its stake in AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 11.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,155 shares of the company’s stock after selling 11,200 shares during the period. Korea Investment CORP’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $6,964,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Parallel Advisors LLC raised its holdings in shares of AmerisourceBergen Corporation (Holding Co) by 3.2% during the 2nd quarter. Parallel Advisors LLC now owns 1,109 shares of the company’s stock worth $104,000 after buying an additional 34 shares in the last quarter. Sun Life Financial INC raised its holdings in shares of AmerisourceBergen Corporation (Holding Co) by 15,000.0% during the 2nd 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 in the last quarter. D.A. Davidson & CO. raised its holdings in shares of AmerisourceBergen Corporation (Holding Co) by 29.0% during the 2nd quarter. D.A. Davidson & CO. now owns 1,668 shares of the company’s stock worth $157,000 after buying an additional 375 shares in the last quarter. Trust Co. of Vermont raised its holdings in shares of AmerisourceBergen Corporation (Holding Co) by 82.8% during the 2nd quarter. Trust Co. of Vermont now owns 1,755 shares of the company’s stock worth $165,000 after buying an additional 795 shares in the last quarter. Finally, Washington Trust Bank raised its holdings in shares of AmerisourceBergen Corporation (Holding Co) by 13.4% during the 2nd quarter. Washington Trust Bank now owns 1,920 shares of the company’s stock worth $181,000 after buying an additional 227 shares in the last quarter. 67.49% of the stock is owned by institutional investors.

ABC has been the subject of a number of research analyst reports. Zacks Investment Research cut AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Robert W. Baird raised AmerisourceBergen Corporation (Holding Co) from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $89.00 to $96.00 in a report on Thursday, October 5th. ValuEngine cut AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Cowen and Company raised AmerisourceBergen Corporation (Holding Co) from a “market perform” rating to an “outperform” rating in a report on Tuesday, October 10th. Finally, UBS AG lowered their price target on AmerisourceBergen Corporation (Holding Co) from $94.00 to $87.00 and set a “neutral” rating for the company in a report on Friday, August 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $91.13.

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In other news, insider Gina Clark sold 1,273 shares of AmerisourceBergen Corporation (Holding Co) stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $80.94, for a total value of $103,036.62. Following the transaction, the insider now owns 10,830 shares in the company, valued at $876,580.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Peyton R. Howell sold 20,000 shares of AmerisourceBergen Corporation (Holding Co) stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $80.00, for a total value of $1,600,000.00. Following the completion of the transaction, the insider now owns 57,135 shares in the company, valued at approximately $4,570,800. The disclosure for this sale can be found here. In the last quarter, insiders sold 86,078 shares of company stock worth $6,857,812. Company insiders own 27.40% of the company’s stock.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last released its quarterly earnings data on Thursday, November 2nd. The company reported $1.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.01. The firm had revenue of $39.12 billion for the quarter, compared to the consensus estimate of $40.10 billion. AmerisourceBergen Corporation (Holding Co) had a return on equity of 56.07% and a net margin of 0.56%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.30 earnings per share.

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.

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

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