Sentry Investments Corp. decreased its stake in AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 2.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 903,400 shares of the company’s stock after selling 22,000 shares during the period. Sentry Investments Corp. owned about 0.41% of AmerisourceBergen Corporation (Holding Co) worth $85,398,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ABC. BlackRock Inc. boosted its position in AmerisourceBergen Corporation (Holding Co) by 1,139.3% in the first quarter. BlackRock Inc. now owns 12,673,530 shares of the company’s stock valued at $1,121,608,000 after buying an additional 11,650,881 shares during the last quarter. FIL Ltd purchased a new position in AmerisourceBergen Corporation (Holding Co) during the first quarter valued at $269,043,000. Bank of America Corp DE boosted its position in AmerisourceBergen Corporation (Holding Co) by 97.7% in the first quarter. Bank of America Corp DE now owns 2,482,557 shares of the company’s stock valued at $219,707,000 after buying an additional 1,227,051 shares during the last quarter. Morgan Stanley boosted its position in AmerisourceBergen Corporation (Holding Co) by 50.0% in the first quarter. Morgan Stanley now owns 2,498,525 shares of the company’s stock valued at $221,121,000 after buying an additional 832,812 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in AmerisourceBergen Corporation (Holding Co) by 41.7% in the first quarter. Wells Fargo & Company MN now owns 2,341,114 shares of the company’s stock valued at $207,188,000 after buying an additional 688,384 shares during the last quarter. Hedge funds and other institutional investors own 67.66% of the company’s stock.

AmerisourceBergen Corporation (ABC) traded up 1.385% on Thursday, reaching $79.415. 147,721 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $86.55 and its 200-day moving average is $88.67. The firm has a market cap of $17.40 billion, a PE ratio of 20.692 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 posted its earnings results on Thursday, August 3rd. The company reported $1.43 earnings per share (EPS) 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 firm had revenue of $38.71 billion during the quarter, compared to analyst estimates of $39.13 billion. During the same quarter in the prior year, the business posted $1.37 EPS. The business’s revenue was up 4.9% compared to the same quarter last year. On average, equities analysts forecast that AmerisourceBergen Corporation will post $5.88 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Monday, August 21st will be given a dividend of $0.365 per share. The ex-dividend date 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 currently 38.02%.

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Several equities analysts have weighed in on ABC shares. Mizuho lifted their price objective on shares of AmerisourceBergen Corporation (Holding Co) from $83.00 to $93.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 30th. BidaskClub upgraded shares of AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Vetr cut shares of AmerisourceBergen Corporation (Holding Co) from a “strong-buy” rating to a “buy” rating and set a $97.44 price target on the stock. in a report on Tuesday, May 9th. Jefferies Group LLC restated a “hold” rating and set a $95.00 price target on shares of AmerisourceBergen Corporation (Holding Co) in a report on Wednesday, June 21st. Finally, Bank of America Corporation cut shares of AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “neutral” rating and lowered their price target for the company from $95.76 to $94.00 in a report on Friday, June 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $93.14.

In related news, insider Gina Clark sold 1,273 shares of the stock in a transaction dated Thursday, August 17th. The shares were 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 transaction was disclosed in a document filed with the SEC, which is available through 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 transaction of $1,421,400.00. Following the transaction, the chairman now 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 90 days, insiders have sold 36,273 shares of company stock valued at $3,124,437. 27.40% of the stock is owned by company insiders.

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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