CFO4Life Group LLC maintained its position in AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 2,406 shares of the company’s stock at the end of the second quarter. CFO4Life Group LLC’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $227,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its stake in AmerisourceBergen Corporation (Holding Co) by 45.1% in the first quarter. Janney Montgomery Scott LLC now owns 19,583 shares of the company’s stock valued at $1,733,000 after buying an additional 6,090 shares during the last quarter. IFP Advisors Inc increased its stake in AmerisourceBergen Corporation (Holding Co) by 6.5% in the first quarter. IFP Advisors Inc now owns 2,815 shares of the company’s stock valued at $249,000 after buying an additional 173 shares during the last quarter. Whittier Trust Co. increased its stake in AmerisourceBergen Corporation (Holding Co) by 4.0% in the first quarter. Whittier Trust Co. now owns 3,017 shares of the company’s stock valued at $267,000 after buying an additional 117 shares during the last quarter. Hennessy Advisors Inc. bought a new stake in AmerisourceBergen Corporation (Holding Co) during the first quarter valued at $2,036,000. Finally, DUPONT CAPITAL MANAGEMENT Corp bought a new stake in AmerisourceBergen Corporation (Holding Co) during the first quarter valued at $2,590,000. Institutional investors and hedge funds own 67.66% of the company’s stock.

Shares of AmerisourceBergen Corporation (NYSE ABC) opened at 78.66 on Tuesday. The firm has a 50-day moving average of $86.55 and a 200-day moving average of $88.67. AmerisourceBergen Corporation has a one year low of $68.38 and a one year high of $97.85. The firm has a market capitalization of $17.24 billion, a P/E ratio of 20.50 and a beta of 0.91.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.06. The company had revenue of $38.71 billion during the quarter, compared to analysts’ expectations of $39.13 billion. AmerisourceBergen Corporation (Holding Co) had a return on equity of 56.07% and a net margin of 0.56%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.37 earnings per share. On average, equities 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. Stockholders of record on Monday, August 21st will be paid a $0.365 dividend. The ex-dividend date is Thursday, August 17th. This represents a $1.46 annualized dividend and a dividend yield of 1.86%. AmerisourceBergen Corporation (Holding Co)’s payout ratio is 38.02%.

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Several research firms recently weighed in on ABC. Bank of America Corporation downgraded shares of AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $95.76 to $94.00 in a report on Friday, June 30th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $95.00 price objective on shares of AmerisourceBergen Corporation (Holding Co) in a report on Wednesday, June 21st. Zacks Investment Research downgraded shares of AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a report on Monday, July 10th. Credit Suisse Group reaffirmed a “buy” rating and issued a $95.00 price objective on shares of AmerisourceBergen Corporation (Holding Co) in a report on Thursday, July 13th. Finally, BidaskClub downgraded shares of AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “hold” rating in a report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $93.14.

In other news, insider Gina Clark sold 1,273 shares of the stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $80.94, for a total value of $103,036.62. Following the completion of the sale, the insider now owns 10,830 shares of the company’s stock, valued at $876,580.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Steven H. Collis sold 15,000 shares of the stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $94.76, for a total value of $1,421,400.00. Following the completion of the sale, the chairman now directly owns 253,876 shares of the company’s stock, valued at approximately $24,057,289.76. The disclosure for this sale can be found here. In the last three months, insiders sold 51,273 shares of company stock valued at $4,500,387. 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.

Institutional Ownership by Quarter for AmerisourceBergen Corporation (Holding Co) (NYSE:ABC)

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