Intrust Bank NA continued to hold its position in AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,517 shares of the company’s stock at the end of the second quarter. Intrust Bank NA’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $332,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Parallel Advisors LLC raised its stake in shares of AmerisourceBergen Corporation (Holding Co) by 3.2% in the second quarter. Parallel Advisors LLC now owns 1,109 shares of the company’s stock worth $104,000 after buying an additional 34 shares during the period. Point72 Asia Hong Kong Ltd purchased a new stake in shares of AmerisourceBergen Corporation (Holding Co) during the first quarter worth approximately $105,000. American Beacon Advisors Inc. purchased a new stake in shares of AmerisourceBergen Corporation (Holding Co) during the first quarter worth approximately $108,000. SRS Capital Advisors Inc. raised its stake 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 worth $109,000 after buying an additional 4 shares during the period. Finally, ClariVest Asset Management LLC purchased a new stake in shares of AmerisourceBergen Corporation (Holding Co) during the first quarter worth approximately $143,000. 67.66% of the stock is owned by hedge funds and other institutional investors.

AmerisourceBergen Corporation (NYSE:ABC) opened at 78.56 on Wednesday. The firm’s 50-day moving average price is $86.55 and its 200-day moving average price is $88.67. The firm has a market cap of $17.21 billion, a P/E ratio of 20.47 and a beta of 0.91. AmerisourceBergen Corporation has a 12 month low of $68.38 and a 12 month high of $97.85.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last released its quarterly earnings results on Thursday, August 3rd. The company reported $1.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.06. AmerisourceBergen Corporation (Holding Co) had a net margin of 0.56% and a return on equity of 56.07%. The business had revenue of $38.71 billion for the quarter, compared to the consensus estimate of $39.13 billion. During the same period last year, the firm earned $1.37 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. On average, equities research analysts expect that AmerisourceBergen Corporation will post $5.88 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Monday, August 21st will be given a $0.365 dividend. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $1.46 annualized dividend and a yield of 1.86%. AmerisourceBergen Corporation (Holding Co)’s payout ratio is presently 38.02%.

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A number of brokerages have recently commented on ABC. Jefferies Group LLC set a $95.00 price target on AmerisourceBergen Corporation (Holding Co) and gave the company a “hold” rating in a report on Tuesday. Leerink Swann set a $90.00 price target on AmerisourceBergen Corporation (Holding Co) and gave the company a “buy” rating in a report on Monday, August 7th. BidaskClub lowered AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. TheStreet lowered AmerisourceBergen Corporation (Holding Co) from a “b” rating to a “c+” rating in a report on Thursday, August 3rd. Finally, Zacks Investment Research upgraded AmerisourceBergen Corporation (Holding Co) from a “sell” rating to a “hold” rating in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $93.14.

In other AmerisourceBergen Corporation (Holding Co) news, Chairman Steven H. Collis sold 15,000 shares of the stock in a transaction that occurred on 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 transaction, the chairman now directly owns 253,876 shares in the company, valued at $24,057,289.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gina Clark sold 1,273 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $80.94, for a total transaction of $103,036.62. Following the completion of the transaction, the insider now owns 10,830 shares in the company, valued at $876,580.20. The disclosure for this sale can be found here. Insiders sold 51,273 shares of company stock worth $4,500,387 over the last quarter. Insiders own 27.40% of the company’s stock.

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.

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

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