Oppenheimer Asset Management Inc. increased its position in shares of AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 92.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 116,129 shares of the company’s stock after buying an additional 55,777 shares during the period. Oppenheimer Asset Management Inc. owned about 0.05% of AmerisourceBergen Corporation (Holding Co) worth $10,978,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in ABC. Delta Lloyd Asset Management N.V. bought a new stake in shares of AmerisourceBergen Corporation (Holding Co) during the second quarter worth $2,155,000. Evanston Investments Inc. dba Evanston Advisors boosted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 3.3% in the second quarter. Evanston Investments Inc. dba Evanston Advisors now owns 86,324 shares of the company’s stock worth $8,160,000 after buying an additional 2,772 shares during the period. Heartland Advisors Inc. bought a new stake in shares of AmerisourceBergen Corporation (Holding Co) during the second quarter worth $538,000. Archon Partners LLC boosted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 6.4% in the second quarter. Archon Partners LLC now owns 75,000 shares of the company’s stock worth $7,090,000 after buying an additional 4,500 shares during the period. Finally, Allen Investment Management LLC boosted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 24.2% in the second quarter. Allen Investment Management LLC now owns 1,151,161 shares of the company’s stock worth $108,819,000 after buying an additional 224,586 shares during the period. 67.66% of the stock is owned by hedge funds and other institutional investors.

Shares of AmerisourceBergen Corporation (ABC) traded down 0.44% on Friday, reaching $79.90. 136,887 shares of the company’s stock traded hands. AmerisourceBergen Corporation has a 52 week low of $68.38 and a 52 week high of $97.85. The company’s 50-day moving average is $85.00 and its 200-day moving average is $88.32. The firm has a market capitalization of $17.51 billion, a P/E ratio of 20.82 and a beta of 0.91.

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

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

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A number of equities research analysts recently weighed in on the stock. Jefferies Group LLC set a $95.00 price target on shares of AmerisourceBergen Corporation (Holding Co) and gave the company a “hold” rating in a research report on Tuesday. Leerink Swann set a $90.00 price target on shares of AmerisourceBergen Corporation (Holding Co) and gave the company a “buy” rating in a research report on Monday, August 7th. BidaskClub cut shares of AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. TheStreet cut shares of AmerisourceBergen Corporation (Holding Co) from a “b” rating to a “c+” rating in a report on Thursday, August 3rd. Finally, Zacks Investment Research raised shares of AmerisourceBergen Corporation (Holding Co) from a “sell” rating to a “hold” rating in a report on Friday, August 4th. 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 given a strong buy rating to the stock. AmerisourceBergen Corporation (Holding Co) currently has a consensus rating of “Hold” and a consensus price target of $93.14.

In other AmerisourceBergen Corporation (Holding Co) news, insider Gina Clark sold 1,273 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $80.94, for a total transaction of $103,036.62. Following the transaction, the insider now directly owns 10,830 shares in the company, valued at approximately $876,580.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Steven H. Collis sold 15,000 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $94.76, for a total transaction of $1,421,400.00. Following the transaction, the chairman now owns 253,876 shares in the company, valued at $24,057,289.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,273 shares of company stock worth $3,124,437. 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.

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

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