Vaughan David Investments LLC IL raised its position in AmerisourceBergen Corp. (NYSE:ABC) by 1.8% during the 1st quarter, HoldingsChannel reports. The fund owned 197,621 shares of the company’s stock after buying an additional 3,488 shares during the quarter. Vaughan David Investments LLC IL’s holdings in AmerisourceBergen were worth $15,715,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Acima Private Wealth LLC bought a new stake in shares of AmerisourceBergen during the 4th quarter worth approximately $26,000. Riverview Trust Co raised its stake in shares of AmerisourceBergen by 127.3% during the 1st quarter. Riverview Trust Co now owns 391 shares of the company’s stock worth $31,000 after purchasing an additional 219 shares in the last quarter. Private Capital Group LLC raised its stake in shares of AmerisourceBergen by 201.3% during the 4th quarter. Private Capital Group LLC now owns 482 shares of the company’s stock worth $36,000 after purchasing an additional 322 shares in the last quarter. JNBA Financial Advisors bought a new stake in shares of AmerisourceBergen during the 4th quarter worth approximately $37,000. Finally, Trust Co. of Vermont raised its stake in shares of AmerisourceBergen by 963.8% during the 1st quarter. Trust Co. of Vermont now owns 500 shares of the company’s stock worth $40,000 after purchasing an additional 453 shares in the last quarter. Hedge funds and other institutional investors own 66.73% of the company’s stock.

Shares of ABC stock traded up $0.27 during trading on Wednesday, reaching $80.84. 14,147 shares of the company’s stock were exchanged, compared to its average volume of 1,491,051. The company has a current ratio of 0.95, a quick ratio of 0.56 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of $16.85 billion, a PE ratio of 12.46, a PEG ratio of 1.51 and a beta of 1.07. AmerisourceBergen Corp. has a twelve month low of $69.36 and a twelve month high of $94.88.

AmerisourceBergen (NYSE:ABC) last posted its earnings results on Thursday, May 2nd. The company reported $2.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.15. AmerisourceBergen had a return on equity of 46.24% and a net margin of 0.53%. The business had revenue of $43.32 billion for the quarter, compared to analyst estimates of $43.44 billion. During the same period in the previous year, the firm earned $1.94 EPS. The firm’s revenue was up 5.6% compared to the same quarter last year. As a group, sell-side analysts predict that AmerisourceBergen Corp. will post 6.81 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Friday, May 17th. AmerisourceBergen’s dividend payout ratio is 24.65%.

In other AmerisourceBergen news, EVP Dale Danilewitz sold 543 shares of the company’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $86.30, for a total value of $46,860.90. Following the transaction, the executive vice president now directly owns 2,714 shares of the company’s stock, valued at approximately $234,218.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Steven H. Collis sold 21,344 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $83.62, for a total value of $1,784,785.28. Following the completion of the transaction, the chief executive officer now directly owns 155,923 shares in the company, valued at $13,038,281.26. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 2,018 shares of company stock worth $156,471 and sold 40,086 shares worth $3,235,648. Corporate insiders own 27.80% of the company’s stock.

ABC has been the topic of a number of analyst reports. TheStreet cut AmerisourceBergen from a “b” rating to a “c+” rating in a research note on Tuesday, March 19th. ValuEngine upgraded AmerisourceBergen from a “sell” rating to a “hold” rating in a research note on Thursday, January 31st. Zacks Investment Research cut AmerisourceBergen from a “hold” rating to a “sell” rating in a research note on Thursday, March 14th. Finally, Guggenheim initiated coverage on AmerisourceBergen in a research note on Thursday, April 11th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $86.38.

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AmerisourceBergen Profile

AmerisourceBergen Corporation sources and distributes pharmaceutical products in the United States and internationally. Its Pharmaceutical Distribution segment distributes brand-name and generic pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, outsourced compounded sterile preparations, and related services to various healthcare providers, including acute care hospitals and health systems, independent and chain retail pharmacies, mail order pharmacies, medical clinics, long-term care and other alternate site pharmacies, and other customers.

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Institutional Ownership by Quarter for AmerisourceBergen (NYSE:ABC)

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