Sigma Planning Corp raised its stake in AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 0.8% during the second quarter, Holdings Channel reports. The institutional investor owned 14,721 shares of the company’s stock after buying an additional 122 shares during the period. Sigma Planning Corp’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $1,392,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ABC. SRS Capital Advisors Inc. boosted its position in shares of AmerisourceBergen Corporation (Holding Co) by 0.3% in the first quarter. SRS Capital Advisors Inc. now owns 1,235 shares of the company’s stock valued at $109,000 after buying an additional 4 shares in the last quarter. Bollard Group LLC boosted its position in shares of AmerisourceBergen Corporation (Holding Co) by 0.4% in the first quarter. Bollard Group LLC now owns 2,912 shares of the company’s stock valued at $258,000 after buying an additional 11 shares in the last quarter. Jaffetilchin Investment Partners LLC boosted its position in shares of AmerisourceBergen Corporation (Holding Co) by 0.4% in the first quarter. Jaffetilchin Investment Partners LLC now owns 5,106 shares of the company’s stock valued at $452,000 after buying an additional 19 shares in the last quarter. Reinhart Partners Inc. boosted its position in shares of AmerisourceBergen Corporation (Holding Co) by 0.6% in the first quarter. Reinhart Partners Inc. now owns 4,040 shares of the company’s stock valued at $358,000 after buying an additional 25 shares in the last quarter. Finally, Alpha Windward LLC boosted its position in shares of AmerisourceBergen Corporation (Holding Co) by 1.8% in the first quarter. Alpha Windward LLC now owns 2,148 shares of the company’s stock valued at $190,000 after buying an additional 39 shares in the last quarter. 68.87% of the stock is owned by institutional investors.

AmerisourceBergen Corporation (NYSE:ABC) opened at 80.02 on Friday. AmerisourceBergen Corporation has a 1-year low of $68.38 and a 1-year high of $97.85. The company has a 50 day moving average of $90.91 and a 200 day moving average of $89.18. The company has a market capitalization of $17.53 billion, a PE ratio of 20.85 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, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.06. AmerisourceBergen Corporation (Holding Co) had a return on equity of 56.07% and a net margin of 0.56%. The business had revenue of $38.71 billion during the quarter, compared to the consensus estimate of $39.13 billion. During the same quarter in the prior year, the company posted $1.37 earnings per share. AmerisourceBergen Corporation (Holding Co)’s revenue was up 4.9% compared to the same quarter last year. On average, analysts predict that AmerisourceBergen Corporation will post $5.88 earnings per share for the current fiscal year.

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

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Several brokerages have recently weighed in on ABC. Zacks Investment Research raised shares of AmerisourceBergen Corporation (Holding Co) from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Bank of America Corporation cut shares of AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $95.76 to $94.00 in a research note on Friday, June 30th. Jefferies Group LLC reaffirmed a “hold” rating and set a $95.00 price target on shares of AmerisourceBergen Corporation (Holding Co) in a research note on Wednesday, June 21st. Leerink Swann set a $90.00 price target on shares of AmerisourceBergen Corporation (Holding Co) and gave the stock a “buy” rating in a research note on Monday, August 7th. Finally, Vetr raised shares of AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “strong-buy” rating and set a $97.44 price target for the company in a research note on Wednesday, May 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $93.14.

In related news, Chairman Steven H. Collis sold 15,000 shares of the company’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $94.76, for a total transaction of $1,421,400.00. Following the completion of the sale, the chairman now owns 253,876 shares in the company, valued at $24,057,289.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 27.40% of the company’s stock.

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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