Clear Perspective Advisors LLC reduced its stake in AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 1.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 15,933 shares of the company’s stock after selling 300 shares during the quarter. AmerisourceBergen Corporation (Holding Co) makes up 1.3% of Clear Perspective Advisors LLC’s investment portfolio, making the stock its 15th largest holding. Clear Perspective Advisors LLC’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $1,506,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in ABC. SRS Capital Advisors Inc. boosted its holdings 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 period. Bollard Group LLC grew its position in shares of AmerisourceBergen Corporation (Holding Co) by 0.4% in the second quarter. Bollard Group LLC now owns 2,924 shares of the company’s stock valued at $276,000 after purchasing an additional 12 shares during the last quarter. Parallel Advisors LLC grew its position 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 valued at $104,000 after purchasing an additional 34 shares during the last quarter. Savant Capital LLC grew its position in shares of AmerisourceBergen Corporation (Holding Co) by 0.8% in the second quarter. Savant Capital LLC now owns 4,846 shares of the company’s stock valued at $458,000 after purchasing an additional 40 shares during the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA grew its position in shares of AmerisourceBergen Corporation (Holding Co) by 0.4% in the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 13,975 shares of the company’s stock valued at $1,321,000 after purchasing an additional 50 shares during the last quarter. 67.64% of the stock is owned by hedge funds and other institutional investors.

Shares of AmerisourceBergen Corporation (NYSE:ABC) traded up 0.35% on Wednesday, reaching $83.17. The company had a trading volume of 1,074,360 shares. The company’s 50-day moving average price is $80.66 and its 200-day moving average price is $86.92. AmerisourceBergen Corporation has a 52-week low of $68.38 and a 52-week high of $97.85. The firm has a market capitalization of $18.22 billion, a price-to-earnings ratio of 21.67 and a beta of 0.96.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last posted its 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. The company had revenue of $38.71 billion for the quarter, compared to the consensus estimate of $39.13 billion. AmerisourceBergen Corporation (Holding Co) had a return on equity of 56.07% and a net margin of 0.56%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.37 earnings per share. On average, analysts predict that AmerisourceBergen Corporation will post $5.88 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Monday, August 21st were issued a dividend of $0.365 per share. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $1.46 annualized dividend and a yield of 1.76%. AmerisourceBergen Corporation (Holding Co)’s payout ratio is currently 38.02%.

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Several equities analysts recently weighed in on ABC shares. Bank of America Corporation cut AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $95.76 to $94.00 in a research report on Friday, June 30th. Zacks Investment Research raised AmerisourceBergen Corporation (Holding Co) from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Leerink Swann set a $90.00 target price on AmerisourceBergen Corporation (Holding Co) and gave the company a “buy” rating in a report on Monday, August 7th. BidaskClub downgraded AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, TheStreet downgraded AmerisourceBergen Corporation (Holding Co) from a “b” rating to a “c+” rating in a research report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $91.86.

In other AmerisourceBergen Corporation (Holding Co) news, CFO Tim G. Guttman sold 11,600 shares of the company’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $79.47, for a total value of $921,852.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Steven H. Collis sold 15,000 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $79.92, for a total value of $1,198,800.00. Following the completion of the transaction, the chairman now directly owns 253,876 shares in the company, valued at $20,289,769.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,116 shares of company stock valued at $4,083,875. 27.40% of the stock is currently 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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