Tekla Capital Management LLC lowered its holdings in shares of AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 22.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 254,887 shares of the company’s stock after selling 75,800 shares during the period. AmerisourceBergen Corporation (Holding Co) accounts for approximately 0.9% of Tekla Capital Management LLC’s holdings, making the stock its 28th largest position. Tekla Capital Management LLC owned about 0.12% of AmerisourceBergen Corporation (Holding Co) worth $24,094,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the stock. QS Investors LLC grew its holdings in AmerisourceBergen Corporation (Holding Co) by 9.5% during the second quarter. QS Investors LLC now owns 12,610 shares of the company’s stock worth $1,192,000 after purchasing an additional 1,094 shares during the period. Bayesian Capital Management LP bought a new position in AmerisourceBergen Corporation (Holding Co) during the second quarter worth about $713,000. Numeric Investors LLC grew its holdings in AmerisourceBergen Corporation (Holding Co) by 45.2% during the second quarter. Numeric Investors LLC now owns 4,500 shares of the company’s stock worth $425,000 after purchasing an additional 1,400 shares during the period. Ironwood Investment Counsel LLC grew its holdings in AmerisourceBergen Corporation (Holding Co) by 4.2% during the second quarter. Ironwood Investment Counsel LLC now owns 13,840 shares of the company’s stock worth $1,308,000 after purchasing an additional 555 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in AmerisourceBergen Corporation (Holding Co) by 11.5% during the second quarter. Dimensional Fund Advisors LP now owns 757,141 shares of the company’s stock worth $71,578,000 after purchasing an additional 78,192 shares during the period. Institutional investors and hedge funds own 67.64% of the company’s stock.

Shares of AmerisourceBergen Corporation (NYSE ABC) traded down 2.3777% during midday trading on Thursday, hitting $80.4701. The stock had a trading volume of 364,648 shares. The stock’s 50-day moving average price is $80.95 and its 200 day moving average price is $87.43. AmerisourceBergen Corporation has a 52 week low of $68.38 and a 52 week high of $97.85. The company has a market cap of $17.63 billion, a price-to-earnings ratio of 20.9667 and a beta of 0.95.

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

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Monday, August 21st were issued a $0.365 dividend. This represents a $1.46 annualized dividend and a yield of 1.78%. The ex-dividend date was Thursday, August 17th. AmerisourceBergen Corporation (Holding Co)’s dividend payout ratio (DPR) is presently 38.02%.

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ABC has been the subject of a number of research analyst reports. BidaskClub upgraded AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Jefferies Group LLC reiterated a “hold” rating and set a $95.00 price target on shares of AmerisourceBergen Corporation (Holding Co) in a report on Wednesday, June 21st. Bank of America Corporation cut AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $95.76 to $94.00 in a report on Friday, June 30th. Zacks Investment Research cut AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a report on Monday, July 10th. Finally, Credit Suisse Group reiterated a “buy” rating and set a $95.00 price target on shares of AmerisourceBergen Corporation (Holding Co) in a report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have issued 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 $91.86.

In related news, insider Peyton R. Howell sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $80.00, for a total value of $1,600,000.00. Following the completion of the transaction, the insider now directly owns 57,135 shares of the company’s stock, valued at approximately $4,570,800. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Tim G. Guttman sold 11,600 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $79.47, for a total transaction of $921,852.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,116 shares of company stock valued at $5,505,275. 27.40% of the stock is owned by insiders.

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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