Matthew Goff Investment Advisor LLC raised its stake in shares of AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 21.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,828 shares of the company’s stock after purchasing an additional 3,366 shares during the quarter. Matthew Goff Investment Advisor LLC’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $1,558,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently made changes to their positions in the company. Macquarie Group Ltd. lifted its holdings in shares of AmerisourceBergen Corporation (Holding Co) by 4.4% in the 3rd quarter. Macquarie Group Ltd. now owns 21,214 shares of the company’s stock worth $1,754,000 after acquiring an additional 894 shares during the last quarter. Vaughan David Investments Inc. IL lifted its holdings in shares of AmerisourceBergen Corporation (Holding Co) by 5.7% in the 3rd quarter. Vaughan David Investments Inc. IL now owns 178,883 shares of the company’s stock worth $14,803,000 after acquiring an additional 9,575 shares during the last quarter. Commonwealth Equity Services Inc lifted its holdings in shares of AmerisourceBergen Corporation (Holding Co) by 5.9% in the 3rd quarter. Commonwealth Equity Services Inc now owns 46,135 shares of the company’s stock worth $3,817,000 after acquiring an additional 2,565 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of AmerisourceBergen Corporation (Holding Co) by 20.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 32,905 shares of the company’s stock worth $2,723,000 after acquiring an additional 5,638 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in shares of AmerisourceBergen Corporation (Holding Co) by 7.4% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 38,597 shares of the company’s stock worth $3,194,000 after acquiring an additional 2,647 shares during the last quarter. Institutional investors and hedge funds own 66.84% of the company’s stock.

In related news, CFO Tim G. Guttman sold 11,600 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $74.28, for a total transaction of $861,648.00. Following the sale, the chief financial officer now directly owns 40,326 shares of the company’s stock, valued at approximately $2,995,415.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dale Danilewitz sold 1,857 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $74.69, for a total transaction of $138,699.33. The disclosure for this sale can be found here. Insiders have sold a total of 99,211 shares of company stock worth $7,717,919 over the last three months. 27.40% of the stock is currently owned by insiders.

TRADEMARK VIOLATION NOTICE: “AmerisourceBergen Corporation (Holding Co) (ABC) Shares Bought by Matthew Goff Investment Advisor LLC” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright law. The correct version of this report can be accessed at https://www.thecerbatgem.com/2017/11/17/amerisourcebergen-corporation-holding-co-abc-shares-bought-by-matthew-goff-investment-advisor-llc.html.

AmerisourceBergen Corporation (NYSE:ABC) traded up $2.78 during trading hours on Friday, hitting $80.31. 2,986,800 shares of the stock were exchanged, compared to its average volume of 1,794,623. The stock has a market cap of $17,100.00, a P/E ratio of 13.16, a PEG ratio of 1.35 and a beta of 0.95. The company has a quick ratio of 0.48, a current ratio of 0.91 and a debt-to-equity ratio of 1.62. AmerisourceBergen Corporation has a 12-month low of $71.90 and a 12-month high of $97.85.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last released its earnings results on Thursday, November 2nd. The company reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.01. AmerisourceBergen Corporation (Holding Co) had a net margin of 0.27% and a return on equity of 55.99%. The firm had revenue of $39.12 billion for the quarter, compared to the consensus estimate of $40.10 billion. During the same period in the prior year, the firm earned $1.30 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. analysts expect that AmerisourceBergen Corporation will post 6.04 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Monday, November 20th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.89%. This is an increase from AmerisourceBergen Corporation (Holding Co)’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Friday, November 17th. AmerisourceBergen Corporation (Holding Co)’s dividend payout ratio is 78.92%.

ABC has been the subject of a number of recent research reports. Jefferies Group LLC set a $95.00 price objective on shares of AmerisourceBergen Corporation (Holding Co) and gave the stock a “hold” rating in a report on Tuesday, August 29th. Needham & Company LLC restated a “buy” rating and issued a $91.00 price objective on shares of AmerisourceBergen Corporation (Holding Co) in a report on Sunday, September 10th. Robert W. Baird restated a “buy” rating and issued a $96.00 price objective on shares of AmerisourceBergen Corporation (Holding Co) in a report on Monday, November 6th. Mizuho set a $92.00 price objective on shares of AmerisourceBergen Corporation (Holding Co) and gave the stock a “hold” rating in a report on Tuesday, October 24th. Finally, UBS AG lowered their price objective on shares of 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating, six have given 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 price target of $90.94.

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)

Receive News & Stock Ratings for AmerisourceBergen Corporation (Holding Co) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AmerisourceBergen Corporation (Holding Co) and related stocks with our FREE daily email newsletter.