Sawyer & Company Inc acquired a new stake in AmerisourceBergen Corp. (NYSE:ABC) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 25,970 shares of the company’s stock, valued at approximately $2,385,000. AmerisourceBergen comprises about 1.6% of Sawyer & Company Inc’s holdings, making the stock its 18th biggest holding.

A number of other large investors have also recently made changes to their positions in ABC. Sun Life Financial INC increased its stake in AmerisourceBergen by 15,000.0% in the second quarter. Sun Life Financial INC now owns 1,208 shares of the company’s stock valued at $114,000 after acquiring an additional 1,200 shares during the last quarter. D.A. Davidson & CO. boosted its position in AmerisourceBergen by 29.0% in the second quarter. D.A. Davidson & CO. now owns 1,668 shares of the company’s stock valued at $157,000 after buying an additional 375 shares in the last quarter. Intl Fcstone Inc. acquired a new stake in AmerisourceBergen in the second quarter valued at approximately $201,000. Coastline Trust Co acquired a new stake in AmerisourceBergen in the second quarter valued at approximately $203,000. Finally, Zeke Capital Advisors LLC acquired a new stake in AmerisourceBergen in the third quarter valued at approximately $210,000. 67.83% of the stock is currently owned by institutional investors and hedge funds.

AmerisourceBergen Corp. (ABC) traded down $0.31 during trading hours on Thursday, hitting $97.21. 1,070,200 shares of the stock traded hands, compared to its average volume of 1,411,743. The company has a current ratio of 0.91, a quick ratio of 0.48 and a debt-to-equity ratio of 1.83. The company has a market capitalization of $21,350.00, a P/E ratio of 60.01, a PEG ratio of 1.63 and a beta of 0.99. AmerisourceBergen Corp. has a one year low of $71.90 and a one year high of $97.86.

AmerisourceBergen (NYSE:ABC) last posted its earnings results on Thursday, November 2nd. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.32 by $0.01. The company had revenue of $39.12 billion during the quarter, compared to the consensus estimate of $40.10 billion. AmerisourceBergen had a net margin of 0.27% and a return on equity of 56.29%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.30 earnings per share. equities research analysts predict that AmerisourceBergen Corp. will post 6.14 earnings per share for the current year.

A number of analysts have weighed in on ABC shares. Zacks Investment Research lowered shares of AmerisourceBergen from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Robert W. Baird restated a “buy” rating and issued a $96.00 target price on shares of AmerisourceBergen in a research report on Monday, November 6th. Cowen upgraded shares of AmerisourceBergen from a “market perform” rating to an “outperform” rating in a research report on Tuesday, October 10th. Needham & Company LLC cut their price target on shares of AmerisourceBergen from $93.00 to $86.00 and set a “buy” rating on the stock in a report on Monday, November 6th. Finally, Mizuho set a $92.00 price target on shares of AmerisourceBergen and gave the stock a “hold” rating in a report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. AmerisourceBergen presently has a consensus rating of “Buy” and a consensus price target of $95.96.

In other AmerisourceBergen news, Director Richard W. Gochnauer sold 2,000 shares of the business’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $96.54, for a total value of $193,080.00. Following the transaction, the director now directly owns 12,947 shares in the company, valued at $1,249,903.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Tim G. Guttman sold 11,600 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $74.28, for a total transaction of $861,648.00. Following the completion of the transaction, the chief financial officer now owns 40,326 shares in the company, valued at $2,995,415.28. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 203,823 shares of company stock worth $17,145,148. 27.40% of the stock is owned by corporate insiders.

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AmerisourceBergen 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 (NYSE:ABC)

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