Mitsubishi UFJ Trust & Banking Corp decreased its position in AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 4.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 340,926 shares of the company’s stock after selling 17,014 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.16% of AmerisourceBergen Corporation (Holding Co) worth $32,228,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ABC. Janney Montgomery Scott LLC raised its stake in shares of AmerisourceBergen Corporation (Holding Co) by 45.1% in the first quarter. Janney Montgomery Scott LLC now owns 19,583 shares of the company’s stock worth $1,733,000 after buying an additional 6,090 shares during the last quarter. IFP Advisors Inc raised its stake in shares of AmerisourceBergen Corporation (Holding Co) by 6.5% in the first quarter. IFP Advisors Inc now owns 2,815 shares of the company’s stock worth $249,000 after buying an additional 173 shares during the last quarter. BB&T Corp raised its stake in shares of AmerisourceBergen Corporation (Holding Co) by 26.3% in the first quarter. BB&T Corp now owns 19,129 shares of the company’s stock worth $1,693,000 after buying an additional 3,980 shares during the last quarter. Linscomb & Williams Inc. raised its stake in shares of AmerisourceBergen Corporation (Holding Co) by 0.7% in the first quarter. Linscomb & Williams Inc. now owns 12,187 shares of the company’s stock worth $1,079,000 after buying an additional 84 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of AmerisourceBergen Corporation (Holding Co) by 41.7% in the first quarter. Wells Fargo & Company MN now owns 2,341,114 shares of the company’s stock worth $207,188,000 after buying an additional 688,384 shares during the last quarter. Hedge funds and other institutional investors own 67.66% of the company’s stock.

AmerisourceBergen Corporation (NYSE ABC) opened at 80.25 on Friday. The company has a market capitalization of $17.58 billion, a P/E ratio of 20.91 and a beta of 0.91. The company has a 50 day moving average price of $85.00 and a 200-day moving average price of $88.32. AmerisourceBergen Corporation has a 52 week low of $68.38 and a 52 week high of $97.85.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate 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 for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.37 earnings per share. On average, equities analysts anticipate that AmerisourceBergen Corporation will post $5.88 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Monday, August 21st will be given a dividend of $0.365 per share. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $1.46 annualized dividend and a dividend yield of 1.82%. AmerisourceBergen Corporation (Holding Co)’s dividend payout ratio is currently 38.02%.

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ABC has been the subject of a number of research reports. Vetr lowered AmerisourceBergen Corporation (Holding Co) from a “strong-buy” rating to a “buy” rating and set a $97.44 price objective for the company. in a research report on Tuesday, May 9th. Jefferies Group LLC initiated coverage on AmerisourceBergen Corporation (Holding Co) in a research report on Wednesday, May 17th. They set a “hold” rating and a $95.00 price objective for the company. Mizuho raised their price objective on AmerisourceBergen Corporation (Holding Co) from $83.00 to $93.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 30th. BidaskClub upgraded AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Finally, Bank of America Corporation lowered AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “neutral” rating and reduced their price target for the company from $95.76 to $94.00 in a report on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $93.14.

In related news, insider Gina Clark sold 1,273 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $80.94, for a total transaction of $103,036.62. Following the completion of the transaction, the insider now directly owns 10,830 shares of the company’s stock, valued at $876,580.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Peyton R. Howell sold 20,000 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $80.00, for a total value of $1,600,000.00. Following the transaction, the insider now directly owns 57,135 shares of the company’s stock, valued at $4,570,800. The disclosure for this sale can be found here. Insiders have sold 36,273 shares of company stock valued at $3,124,437 over the last ninety days. 27.40% of the stock is owned by insiders.

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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