Majedie Asset Management Ltd trimmed its holdings in AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 11.3% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 85,567 shares of the company’s stock after selling 10,869 shares during the quarter. Majedie Asset Management Ltd’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $7,081,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Parallel Advisors LLC increased its holdings in AmerisourceBergen Corporation (Holding Co) by 3.2% in 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. Savant Capital LLC increased its holdings in AmerisourceBergen Corporation (Holding Co) by 0.8% in the 2nd quarter. Savant Capital LLC now owns 4,846 shares of the company’s stock worth $458,000 after buying an additional 40 shares in the last quarter. Stephens Inc. AR increased its holdings in AmerisourceBergen Corporation (Holding Co) by 1.5% in the 2nd quarter. Stephens Inc. AR now owns 5,141 shares of the company’s stock worth $486,000 after buying an additional 77 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in AmerisourceBergen Corporation (Holding Co) by 0.7% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,329 shares of the company’s stock worth $1,165,000 after buying an additional 80 shares in the last quarter. Finally, Cadence Bank NA increased its holdings in AmerisourceBergen Corporation (Holding Co) by 3.6% in the 2nd quarter. Cadence Bank NA now owns 2,555 shares of the company’s stock worth $241,000 after buying an additional 88 shares in the last quarter. Institutional investors own 68.50% of the company’s stock.

Several equities research analysts recently commented on ABC shares. Morgan Stanley downgraded AmerisourceBergen Corporation (Holding Co) from an “overweight” rating to an “equal weight” rating in a report on Thursday, September 14th. Mizuho set a $92.00 price objective on AmerisourceBergen Corporation (Holding Co) and gave the stock a “hold” rating in a report on Tuesday, October 24th. Zacks Investment Research downgraded AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. ValuEngine downgraded AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Cowen and Company upgraded AmerisourceBergen Corporation (Holding Co) from a “market perform” rating to an “outperform” rating in a report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. AmerisourceBergen Corporation (Holding Co) has a consensus rating of “Hold” and a consensus target price of $91.14.

In other news, CFO Tim G. Guttman sold 11,600 shares of AmerisourceBergen Corporation (Holding Co) stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $74.28, for a total transaction of $861,648.00. Following the transaction, the chief financial officer now directly owns 40,326 shares of the company’s stock, valued at approximately $2,995,415.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Steven H. Collis sold 15,000 shares of AmerisourceBergen Corporation (Holding Co) stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $79.92, for a total value of $1,198,800.00. Following the transaction, the chairman now directly owns 253,876 shares in the company, valued at $20,289,769.92. The disclosure for this sale can be found here. Insiders sold 103,670 shares of company stock worth $8,067,058 over the last three months. Insiders own 27.40% of the company’s stock.

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Shares of AmerisourceBergen Corporation (ABC) traded up $1.94 during trading hours on Thursday, reaching $81.40. The company’s stock had a trading volume of 1,918,007 shares, compared to its average volume of 1,795,651. The stock has a market capitalization of $17,410.56, a PE ratio of 13.49, a price-to-earnings-growth ratio of 1.38 and a beta of 0.95. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.91 and a quick ratio of 0.48. AmerisourceBergen Corporation has a fifty-two week low of $71.90 and a fifty-two week high of $97.85.

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

The company also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Monday, November 20th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.87%. This is a boost from AmerisourceBergen Corporation (Holding Co)’s previous quarterly dividend of $0.37. The ex-dividend date is Friday, November 17th. AmerisourceBergen Corporation (Holding Co)’s dividend payout ratio (DPR) is presently 82.16%.

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.

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

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