BB&T Investment Services Inc. acquired a new stake in shares of AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 11,010 shares of the company’s stock, valued at approximately $1,037,000.

Other institutional investors have also recently made changes to their positions in the company. Parallel Advisors LLC increased its position in shares of AmerisourceBergen Corporation (Holding Co) by 3.2% during the 2nd 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. Point72 Asia Hong Kong Ltd bought a new position in shares of AmerisourceBergen Corporation (Holding Co) during the 1st quarter valued at about $105,000. Sun Life Financial INC increased its position in shares of AmerisourceBergen Corporation (Holding Co) by 15,000.0% during the 2nd quarter. Sun Life Financial INC now owns 1,208 shares of the company’s stock valued at $114,000 after purchasing an additional 1,200 shares during the last quarter. American Beacon Advisors Inc. bought a new position in shares of AmerisourceBergen Corporation (Holding Co) during the 1st quarter valued at about $108,000. Finally, SRS Capital Advisors Inc. increased its position in shares of AmerisourceBergen Corporation (Holding Co) by 0.3% during the 1st quarter. SRS Capital Advisors Inc. now owns 1,235 shares of the company’s stock valued at $109,000 after purchasing an additional 4 shares during the last quarter. Hedge funds and other institutional investors own 67.64% of the company’s stock.

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Shares of AmerisourceBergen Corporation (ABC) traded up 0.283% during midday trading on Wednesday, reaching $79.775. The company had a trading volume of 343,318 shares. The firm has a market capitalization of $17.48 billion, a price-to-earnings ratio of 20.775 and a beta of 0.96. AmerisourceBergen Corporation has a 52 week low of $68.38 and a 52 week high of $97.85. The stock has a 50-day moving average of $80.91 and a 200 day moving average of $86.73.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $1.43 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $38.71 billion for the quarter, compared to analysts’ expectations of $39.13 billion. During the same period in the previous year, the firm posted $1.37 earnings per share. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, analysts anticipate that AmerisourceBergen Corporation will post $5.88 earnings per share for the current year.

ABC has been the topic of several recent research reports. Zacks Investment Research lowered AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Robert W. Baird upgraded AmerisourceBergen Corporation (Holding Co) from a “neutral” rating to an “outperform” rating and increased their target price for the company from $89.00 to $96.00 in a report on Thursday, October 5th. ValuEngine cut AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “hold” rating in a report on Friday, September 1st. UBS AG dropped their target price on AmerisourceBergen Corporation (Holding Co) from $94.00 to $87.00 and set a “neutral” rating for the company in a report on Friday, August 4th. Finally, BidaskClub upgraded AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. AmerisourceBergen Corporation (Holding Co) currently has a consensus rating of “Hold” and an average price target of $91.95.

In other news, CFO Tim G. Guttman sold 11,600 shares of the company’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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Gina Clark sold 1,273 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $80.94, for a total value of $103,036.62. Following the transaction, the insider now directly owns 10,830 shares in the company, valued at approximately $876,580.20. The disclosure for this sale can be found here. Insiders have sold 64,728 shares of company stock worth $5,215,143 over the last three months. 27.40% of the stock is currently owned by insiders.

About AmerisourceBergen Corporation (Holding Co)

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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