Veritable L.P. reduced its position in AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 2.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,695 shares of the company’s stock after selling 178 shares during the quarter. Veritable L.P.’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $633,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in AmerisourceBergen Corporation (Holding Co) by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 15,653,245 shares of the company’s stock worth $1,479,701,000 after acquiring an additional 304,628 shares during the period. BlackRock Inc. lifted its stake in AmerisourceBergen Corporation (Holding Co) by 1,139.3% in the 1st quarter. BlackRock Inc. now owns 12,673,530 shares of the company’s stock worth $1,121,608,000 after purchasing an additional 11,650,881 shares in the last quarter. Fiduciary Management Inc. WI lifted its stake in AmerisourceBergen Corporation (Holding Co) by 11.2% in the 1st quarter. Fiduciary Management Inc. WI now owns 6,151,621 shares of the company’s stock worth $544,418,000 after purchasing an additional 617,723 shares in the last quarter. Franklin Resources Inc. lifted its stake in AmerisourceBergen Corporation (Holding Co) by 23.1% in the 2nd quarter. Franklin Resources Inc. now owns 3,902,289 shares of the company’s stock worth $368,884,000 after purchasing an additional 731,466 shares in the last quarter. Finally, FIL Ltd lifted its stake in AmerisourceBergen Corporation (Holding Co) by 14.4% in the 2nd quarter. FIL Ltd now owns 3,477,157 shares of the company’s stock worth $328,696,000 after purchasing an additional 437,132 shares in the last quarter. Institutional investors own 67.64% of the company’s stock.

In other AmerisourceBergen Corporation (Holding Co) news, insider Peyton R. Howell sold 3,243 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $80.23, for a total transaction of $260,185.89. Following the completion of the transaction, the insider now owns 37,135 shares in the company, valued at approximately $2,979,341.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Tim G. Guttman sold 11,600 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $79.47, for a total value of $921,852.00. The disclosure for this sale can be found here. Insiders sold 51,116 shares of company stock worth $4,083,875 over the last quarter. 27.40% of the stock is owned by company insiders.

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A number of research firms have recently commented on ABC. 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. TheStreet downgraded AmerisourceBergen Corporation (Holding Co) from a “b” rating to a “c+” rating in a research report on Thursday, August 3rd. BidaskClub downgraded AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. UBS AG lowered their price objective on AmerisourceBergen Corporation (Holding Co) from $94.00 to $87.00 and set a “neutral” rating on the stock in a research report on Friday, August 4th. Finally, Royal Bank Of Canada initiated coverage on AmerisourceBergen Corporation (Holding Co) in a research note on Tuesday, September 19th. They set a “sector perform” rating and a $87.00 price objective for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $91.86.

AmerisourceBergen Corporation (NYSE ABC) opened at 82.75 on Monday. The stock has a market capitalization of $18.13 billion, a PE ratio of 21.56 and a beta of 0.96. AmerisourceBergen Corporation has a one year low of $68.38 and a one year high of $97.85. The company’s 50 day moving average price is $80.95 and its 200-day moving average price is $87.43.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $1.43 earnings per share for the quarter, beating the Zacks’ 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 firm had revenue of $38.71 billion during the quarter, compared to analyst estimates of $39.13 billion. During the same quarter last year, the business posted $1.37 earnings per share. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. Analysts expect that AmerisourceBergen Corporation will post $5.88 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Monday, August 21st were given a $0.365 dividend. The ex-dividend date was Thursday, August 17th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 1.76%. AmerisourceBergen Corporation (Holding Co)’s dividend payout ratio is currently 38.02%.

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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