Utah Retirement Systems decreased its stake in AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 3.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 29,018 shares of the company’s stock after selling 1,100 shares during the period. Utah Retirement Systems’ holdings in AmerisourceBergen Corporation (Holding Co) were worth $2,744,000 at the end of the most recent quarter.

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

Shares of AmerisourceBergen Corporation (NYSE ABC) opened at 78.33 on Thursday. The company has a market capitalization of $17.16 billion, a price-to-earnings ratio of 20.41 and a beta of 0.91. The stock has a 50 day moving average price of $86.55 and a 200 day moving average price of $88.67. AmerisourceBergen Corporation has a 1-year low of $68.38 and a 1-year high of $97.85.

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

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

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Several equities analysts recently weighed in on ABC shares. BidaskClub raised AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Vetr cut AmerisourceBergen Corporation (Holding Co) from a “strong-buy” rating to a “buy” rating and set a $97.44 price objective for the company. in a research report on Tuesday, May 9th. Credit Suisse Group reissued a “buy” rating and set a $95.00 price objective on shares of AmerisourceBergen Corporation (Holding Co) in a research report on Thursday, July 13th. Leerink Swann set a $90.00 price objective on AmerisourceBergen Corporation (Holding Co) and gave the stock a “buy” rating in a research report on Monday, August 7th. Finally, TheStreet cut AmerisourceBergen Corporation (Holding Co) from a “b” rating to a “c+” rating in a research report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. AmerisourceBergen Corporation (Holding Co) has an average rating of “Hold” and an average price target of $93.14.

In other news, insider Peyton R. Howell sold 20,000 shares of AmerisourceBergen Corporation (Holding Co) stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $80.00, for a total transaction of $1,600,000.00. Following the sale, the insider now owns 57,135 shares of the company’s stock, valued at approximately $4,570,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gina Clark sold 1,273 shares of AmerisourceBergen Corporation (Holding Co) 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 sale, the insider now directly owns 10,830 shares in the company, valued at approximately $876,580.20. The disclosure for this sale can be found here. In the last three months, insiders sold 36,273 shares of company stock worth $3,124,437. 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.

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

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