Matthew Goff Investment Advisor LLC boosted its position in shares of AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 25.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,462 shares of the company’s stock after acquiring an additional 3,183 shares during the period. AmerisourceBergen Corporation (Holding Co) accounts for 1.3% of Matthew Goff Investment Advisor LLC’s holdings, making the stock its 23rd biggest position. Matthew Goff Investment Advisor LLC’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $1,462,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. SRS Capital Advisors Inc. lifted its position in AmerisourceBergen Corporation (Holding Co) by 0.3% during the first quarter. SRS Capital Advisors Inc. now owns 1,235 shares of the company’s stock valued at $109,000 after acquiring an additional 4 shares during the last quarter. Bollard Group LLC lifted its position in AmerisourceBergen Corporation (Holding Co) by 0.4% during the second quarter. Bollard Group LLC now owns 2,924 shares of the company’s stock valued at $276,000 after acquiring an additional 12 shares during the last quarter. Jaffetilchin Investment Partners LLC lifted its position in AmerisourceBergen Corporation (Holding Co) by 0.4% during the first quarter. Jaffetilchin Investment Partners LLC now owns 5,106 shares of the company’s stock valued at $452,000 after acquiring an additional 19 shares during the last quarter. Parallel Advisors LLC lifted its position in AmerisourceBergen Corporation (Holding Co) by 3.2% during the second quarter. Parallel Advisors LLC now owns 1,109 shares of the company’s stock valued at $104,000 after acquiring an additional 34 shares during the last quarter. Finally, Savant Capital LLC lifted its position in AmerisourceBergen Corporation (Holding Co) by 0.8% during the second quarter. Savant Capital LLC now owns 4,846 shares of the company’s stock valued at $458,000 after acquiring an additional 40 shares during the last quarter. 67.67% of the stock is owned by institutional investors.

AmerisourceBergen Corporation (ABC) traded down 0.46% during mid-day trading on Tuesday, hitting $84.00. 637,923 shares of the stock were exchanged. AmerisourceBergen Corporation has a 52-week low of $68.38 and a 52-week high of $97.85. The firm has a market cap of $18.41 billion, a price-to-earnings ratio of 21.89 and a beta of 0.95. The company has a 50 day moving average price of $82.97 and a 200 day moving average price of $87.90.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last released its quarterly earnings results on Thursday, August 3rd. The company reported $1.43 EPS for the quarter, beating the 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 the consensus estimate of $39.13 billion. During the same quarter in the prior year, the firm earned $1.37 EPS. AmerisourceBergen Corporation (Holding Co)’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, analysts anticipate that AmerisourceBergen Corporation will post $5.88 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Monday, August 21st were given a $0.365 dividend. The ex-dividend date was Thursday, August 17th. This represents a $1.46 annualized dividend and a yield of 1.73%. AmerisourceBergen Corporation (Holding Co)’s dividend payout ratio (DPR) is 38.02%.

A number of research analysts have issued reports on ABC shares. Bank of America Corporation cut shares of AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “neutral” rating and decreased their price target 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 target on shares of AmerisourceBergen Corporation (Holding Co) in a report on Wednesday, June 21st. Zacks Investment Research cut 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 target on shares of AmerisourceBergen Corporation (Holding Co) in a report on Thursday, July 13th. Finally, BidaskClub cut shares of AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “hold” rating in a report on Monday, July 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $92.34.

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In related news, Chairman Steven H. Collis sold 15,000 shares of the company’s stock in a transaction 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 completion of the sale, the chairman now owns 253,876 shares in the company, valued at approximately $24,057,289.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Peyton R. Howell sold 20,000 shares of the company’s stock in a transaction on 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 completion of the sale, the insider now owns 57,135 shares of the company’s stock, valued at approximately $4,570,800. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,273 shares of company stock valued at $4,323,237. 27.40% of the stock is owned by insiders.

AmerisourceBergen Corporation (Holding Co) 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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