Yorktown Management & Research Co Inc acquired a new position in AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,100 shares of the company’s stock, valued at approximately $836,000.

A number of other large investors have also recently made changes to their positions in the stock. Malaga Cove Capital LLC bought a new position in AmerisourceBergen Corporation (Holding Co) in the third quarter worth approximately $528,000. Thompson Siegel & Walmsley LLC boosted its position in AmerisourceBergen Corporation (Holding Co) by 11.8% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 809,015 shares of the company’s stock valued at $66,945,000 after acquiring an additional 85,383 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in AmerisourceBergen Corporation (Holding Co) during the 3rd quarter valued at $2,681,000. Roberts Glore & Co. Inc. IL bought a new stake in AmerisourceBergen Corporation (Holding Co) during the 3rd quarter valued at $219,000. Finally, Matthew Goff Investment Advisor LLC boosted its position in AmerisourceBergen Corporation (Holding Co) by 21.8% during the 3rd quarter. Matthew Goff Investment Advisor LLC now owns 18,828 shares of the company’s stock valued at $1,558,000 after acquiring an additional 3,366 shares in the last quarter. 68.50% of the stock is currently owned by institutional investors.

In related news, insider Dale Danilewitz sold 1,857 shares of AmerisourceBergen Corporation (Holding Co) stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $74.69, for a total value of $138,699.33. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Steven H. Collis sold 15,000 shares of AmerisourceBergen Corporation (Holding Co) stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $79.92, for a total value of $1,198,800.00. Following the completion of the sale, the chairman now owns 253,876 shares in the company, valued at $20,289,769.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 99,211 shares of company stock valued at $7,717,919. 27.40% of the stock is owned by company insiders.

Several brokerages have issued reports on ABC. Leerink Swann set a $90.00 target price on AmerisourceBergen Corporation (Holding Co) and gave the company a “buy” rating in a research report on Monday, August 7th. TheStreet cut AmerisourceBergen Corporation (Holding Co) from a “b” rating to a “c+” rating in a research report on Thursday, August 3rd. BidaskClub cut AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Jefferies Group LLC set a $85.00 price objective on AmerisourceBergen Corporation (Holding Co) and gave the stock a “hold” rating in a research report on Sunday, October 29th. Finally, UBS AG lowered their price objective on AmerisourceBergen Corporation (Holding Co) from $94.00 to $87.00 and set a “neutral” rating for the company in a research report on Friday, August 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $90.94.

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AmerisourceBergen Corporation (NYSE:ABC) traded down $1.38 during midday trading on Tuesday, hitting $77.46. The company’s stock had a trading volume of 1,688,500 shares, compared to its average volume of 1,795,944. The stock has a market cap of $17,290.00, a price-to-earnings ratio of 13.39, a P/E/G ratio of 1.37 and a beta of 0.95. AmerisourceBergen Corporation has a twelve month low of $71.90 and a twelve month high of $97.85. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.91 and a quick ratio of 0.48.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $1.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.01. AmerisourceBergen Corporation (Holding Co) had a return on equity of 55.99% and a net margin of 0.27%. The firm had revenue of $39.12 billion during the quarter, compared to analyst estimates of $40.10 billion. During the same quarter in the previous year, the business earned $1.30 EPS. AmerisourceBergen Corporation (Holding Co)’s revenue for the quarter was up 4.2% compared to the same quarter last year. sell-side analysts expect that AmerisourceBergen Corporation will post 6.04 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Monday, November 20th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Friday, November 17th. This is a positive change from AmerisourceBergen Corporation (Holding Co)’s previous quarterly dividend of $0.37. AmerisourceBergen Corporation (Holding Co)’s payout ratio is currently 82.16%.

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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