Mutual of America Capital Management LLC lifted its position in AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 2.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,358 shares of the company’s stock after purchasing an additional 576 shares during the quarter. Mutual of America Capital Management LLC’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $1,924,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Parallel Advisors LLC lifted 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 worth $104,000 after purchasing an additional 34 shares during the period. Point72 Asia Hong Kong Ltd bought a new stake in AmerisourceBergen Corporation (Holding Co) in the 1st quarter valued at $105,000. American Beacon Advisors Inc. bought a new stake in AmerisourceBergen Corporation (Holding Co) in the 1st quarter valued at $108,000. SRS Capital Advisors Inc. increased its holdings in AmerisourceBergen Corporation (Holding Co) by 0.3% in the 1st 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 during the period. Finally, ClariVest Asset Management LLC bought a new stake in AmerisourceBergen Corporation (Holding Co) in the 1st quarter valued at $143,000. Institutional investors and hedge funds own 67.64% of the company’s stock.

In other AmerisourceBergen Corporation (Holding Co) news, insider Peyton R. Howell sold 3,243 shares of the company’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $80.23, for a total transaction of $260,185.89. Following the completion of the sale, the insider now directly owns 37,135 shares in the company, valued at $2,979,341.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gina Clark sold 1,273 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $80.94, for a total value of $103,036.62. Following the sale, the insider now owns 10,830 shares of the company’s stock, valued at $876,580.20. The disclosure for this sale can be found here. Insiders have sold 51,116 shares of company stock worth $4,083,875 over the last quarter. Corporate insiders own 27.40% of the company’s stock.

A number of equities analysts have recently commented on ABC shares. Bank of America Corporation downgraded shares of AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $95.76 to $94.00 in a report on Friday, June 30th. Zacks Investment Research raised shares of AmerisourceBergen Corporation (Holding Co) from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Leerink Swann set a $90.00 target price on shares of AmerisourceBergen Corporation (Holding Co) and gave the company a “buy” rating in a research note on Monday, August 7th. BidaskClub cut shares of AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Finally, TheStreet lowered shares of 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 issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. AmerisourceBergen Corporation (Holding Co) has an average rating of “Hold” and a consensus price target of $91.86.

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AmerisourceBergen Corporation (ABC) opened at 82.88 on Wednesday. The stock has a 50 day moving average of $80.66 and a 200-day moving average of $86.92. The company has a market cap of $18.16 billion, a PE ratio of 21.59 and a beta of 0.96. 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 posted its quarterly earnings results on Thursday, August 3rd. The company reported $1.43 EPS for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.06. AmerisourceBergen Corporation (Holding Co) had a return on equity of 56.07% and a net margin of 0.56%. The business had revenue of $38.71 billion during the quarter, compared to the consensus estimate of $39.13 billion. During the same quarter in the previous year, the firm earned $1.37 earnings per share. AmerisourceBergen Corporation (Holding Co)’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities research analysts predict that AmerisourceBergen Corporation will post $5.88 earnings per share for the current year.

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

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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