Cornerstone Capital Management Holdings LLC. lessened its position in AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 28.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 113,830 shares of the company’s stock after selling 44,767 shares during the period. Cornerstone Capital Management Holdings LLC. owned approximately 0.05% of AmerisourceBergen Corporation (Holding Co) worth $10,759,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. SRS Capital Advisors Inc. raised its stake in shares of 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 worth $109,000 after buying an additional 4 shares in the last quarter. Bollard Group LLC raised its stake in shares of AmerisourceBergen Corporation (Holding Co) by 0.4% in the 2nd quarter. Bollard Group LLC now owns 2,924 shares of the company’s stock worth $276,000 after buying an additional 12 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of AmerisourceBergen Corporation (Holding Co) by 3.2% in the 2nd quarter. Parallel Advisors LLC now owns 1,109 shares of the company’s stock worth $104,000 after buying an additional 34 shares in the last quarter. Savant Capital LLC raised its stake in shares of AmerisourceBergen Corporation (Holding Co) by 0.8% in the 2nd quarter. Savant Capital LLC now owns 4,846 shares of the company’s stock worth $458,000 after buying an additional 40 shares in the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA raised its stake in shares of AmerisourceBergen Corporation (Holding Co) by 0.4% in the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 13,975 shares of the company’s stock worth $1,321,000 after buying an additional 50 shares in the last quarter. 67.64% of the stock is currently owned by institutional investors.

Shares of AmerisourceBergen Corporation (NYSE ABC) traded down 2.35% during trading on Monday, hitting $78.59. The company had a trading volume of 314,111 shares. The firm has a 50 day moving average of $80.87 and a 200 day moving average of $86.82. The stock has a market cap of $17.22 billion, a PE ratio of 20.48 and a beta of 0.96. AmerisourceBergen Corporation has a 12-month low of $68.38 and a 12-month 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 earnings per share for the quarter, beating the Zacks’ 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 quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.37 EPS. On average, analysts forecast that AmerisourceBergen Corporation will post $5.88 earnings per share for the current fiscal year.

In other news, insider Peyton R. Howell sold 20,000 shares of the stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $80.00, for a total value of $1,600,000.00. Following the transaction, the insider now owns 57,135 shares of the company’s stock, valued at approximately $4,570,800. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Tim G. Guttman sold 11,600 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $82.78, for a total value of $960,248.00. The disclosure for this sale can be found here. In the last three months, insiders sold 62,716 shares of company stock worth $5,044,123. 27.40% of the stock is currently owned by company insiders.

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A number of research firms have recently commented on ABC. Leerink Swann set a $90.00 price objective on AmerisourceBergen Corporation (Holding Co) and gave the stock a “buy” rating in a research note on Monday, August 7th. TheStreet downgraded AmerisourceBergen Corporation (Holding Co) from a “b” rating to a “c+” rating in a research note on Thursday, August 3rd. BidaskClub downgraded AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Robert W. Baird raised AmerisourceBergen Corporation (Holding Co) from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $89.00 to $96.00 in a research note on Thursday. Finally, Zacks Investment Research downgraded AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $91.95.

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.

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

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