Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 6.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,079 shares of the company’s stock after acquiring an additional 1,591 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $2,075,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Merchants Corp raised its stake in shares of AmerisourceBergen Corporation (Holding Co) by 160.5% in the third quarter. First Merchants Corp now owns 27,342 shares of the company’s stock worth $2,262,000 after acquiring an additional 16,848 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of AmerisourceBergen Corporation (Holding Co) by 23.3% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,459 shares of the company’s stock worth $369,000 after acquiring an additional 842 shares during the last quarter. Wedge Capital Management L L P NC raised its stake in shares of AmerisourceBergen Corporation (Holding Co) by 17.3% during the third quarter. Wedge Capital Management L L P NC now owns 494,216 shares of the company’s stock worth $40,896,000 after buying an additional 72,743 shares during the last quarter. Achmea Investment Management B.V. raised its stake in shares of AmerisourceBergen Corporation (Holding Co) by 7.8% during the second quarter. Achmea Investment Management B.V. now owns 29,338 shares of the company’s stock worth $2,770,000 after buying an additional 2,123 shares during the last quarter. Finally, Burgundy Asset Management Ltd. raised its stake in shares of AmerisourceBergen Corporation (Holding Co) by 3.3% during the second quarter. Burgundy Asset Management Ltd. now owns 2,649,123 shares of the company’s stock worth $250,422,000 after buying an additional 84,163 shares during the last quarter. 67.51% of the stock is owned by institutional investors.

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A number of equities research analysts recently weighed in on ABC shares. Morgan Stanley downgraded shares of AmerisourceBergen Corporation (Holding Co) from an “overweight” rating to an “equal weight” rating in a research note on Thursday, September 14th. Mizuho set a $92.00 price target on shares of AmerisourceBergen Corporation (Holding Co) and gave the stock a “hold” rating in a research note on Tuesday, October 24th. Zacks Investment Research downgraded shares of AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. ValuEngine downgraded shares of AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Cowen and Company raised shares of AmerisourceBergen Corporation (Holding Co) from a “market perform” rating to an “outperform” rating in a research note on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of C$90.94.

In other news, 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 C$80.94, for a total value of C$103,036.62. Following the completion of the transaction, the insider now owns 10,830 shares in the company, valued at C$876,580.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John G. Chou sold 15,937 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of C$74.50, for a total transaction of C$1,187,306.50. Following the completion of the transaction, the insider now owns 57,924 shares of the company’s stock, valued at approximately C$4,315,338. The disclosure for this sale can be found here. Insiders sold 115,627 shares of company stock valued at $9,057,646 in the last quarter. Corporate insiders own 27.40% of the company’s stock.

AmerisourceBergen Corporation (ABC) opened at C$75.00 on Friday. The stock has a market cap of $16,433.32, a P/E ratio of 12.73, a P/E/G ratio of 1.45 and a beta of 0.95. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.48 and a current ratio of 0.91. AmerisourceBergen Corporation has a 1-year low of C$71.90 and a 1-year high of C$97.85.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last issued its quarterly earnings data on Thursday, November 2nd. The company reported C$1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$1.32 by C$0.01. The firm had revenue of C$39.12 billion during the quarter, compared to analysts’ expectations of C$40.10 billion. AmerisourceBergen Corporation (Holding Co) had a net margin of 0.27% and a return on equity of 55.99%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.30 earnings per share. equities analysts forecast that AmerisourceBergen Corporation will post 6.04 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 20th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Friday, November 17th. This is a boost from AmerisourceBergen Corporation (Holding Co)’s previous quarterly dividend of $0.37. AmerisourceBergen Corporation (Holding Co)’s dividend payout ratio is 78.92%.

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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