CS Mckee LP cut its stake in AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 2.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 137,970 shares of the company’s stock after selling 3,903 shares during the quarter. CS Mckee LP owned approximately 0.06% of AmerisourceBergen Corporation (Holding Co) worth $13,042,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in ABC. Parallel Advisors LLC lifted its holdings 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 valued at $104,000 after acquiring an additional 34 shares during the period. Point72 Asia Hong Kong Ltd acquired a new position in AmerisourceBergen Corporation (Holding Co) in the first quarter valued at approximately $105,000. American Beacon Advisors Inc. acquired a new position in AmerisourceBergen Corporation (Holding Co) in the first quarter valued at approximately $108,000. SRS Capital Advisors Inc. lifted its holdings in AmerisourceBergen Corporation (Holding Co) by 0.3% in 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. Finally, Sun Life Financial INC lifted its holdings in AmerisourceBergen Corporation (Holding Co) by 15,000.0% in the second quarter. Sun Life Financial INC now owns 1,208 shares of the company’s stock valued at $114,000 after acquiring an additional 1,200 shares during the period. 67.64% of the stock is owned by institutional investors.

Shares of AmerisourceBergen Corporation (ABC) traded down 2.15% during mid-day trading on Monday, hitting $78.75. The company had a trading volume of 1,462,807 shares. The firm has a market capitalization of $17.25 billion, a P/E ratio of 20.52 and a beta of 0.96. The firm has a 50-day moving average price of $80.87 and a 200 day moving average price of $86.82. 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 issued its quarterly earnings data on Thursday, August 3rd. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.06. The firm had revenue of $38.71 billion during the quarter, compared to analysts’ expectations of $39.13 billion. AmerisourceBergen Corporation (Holding Co) had a return on equity of 56.07% and a net margin of 0.56%. AmerisourceBergen Corporation (Holding Co)’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.37 earnings per share. On average, equities research analysts forecast that AmerisourceBergen Corporation will post $5.88 earnings per share for the current fiscal year.

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A number of research analysts have issued reports on ABC shares. Morgan Stanley downgraded AmerisourceBergen Corporation (Holding Co) from an “overweight” rating to an “equal weight” rating in a report on Thursday, September 14th. ValuEngine downgraded AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub upgraded AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Jefferies Group LLC restated a “hold” rating and issued a $95.00 price objective on shares of AmerisourceBergen Corporation (Holding Co) in a research report on Wednesday, June 21st. Finally, Bank of America Corporation cut AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “neutral” rating and cut their price objective for the company from $95.76 to $94.00 in a research report on Friday, June 30th. 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 given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $91.95.

In related news, insider Peyton R. Howell sold 20,000 shares of AmerisourceBergen Corporation (Holding Co) stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $80.00, for a total transaction 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 $4,570,800. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Tim G. Guttman sold 11,600 shares of AmerisourceBergen Corporation (Holding Co) 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 62,716 shares of company stock valued at $5,044,123. 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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