Candriam Luxembourg S.C.A. decreased its stake in shares of AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 10.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,470 shares of the company’s stock after selling 3,328 shares during the period. Candriam Luxembourg S.C.A.’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $2,356,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of ABC. Parallel Advisors LLC increased its position in AmerisourceBergen Corporation (Holding Co) by 3.2% during the second quarter. Parallel Advisors LLC now owns 1,109 shares of the company’s stock worth $104,000 after purchasing an additional 34 shares during the last quarter. Sun Life Financial INC increased its position in AmerisourceBergen Corporation (Holding Co) by 15,000.0% during the second quarter. Sun Life Financial INC now owns 1,208 shares of the company’s stock worth $114,000 after purchasing an additional 1,200 shares during the last quarter. D.A. Davidson & CO. increased its position in AmerisourceBergen Corporation (Holding Co) by 29.0% during the second quarter. D.A. Davidson & CO. now owns 1,668 shares of the company’s stock worth $157,000 after purchasing an additional 375 shares during the last quarter. Washington Trust Bank increased its position in AmerisourceBergen Corporation (Holding Co) by 13.4% during the second quarter. Washington Trust Bank now owns 1,920 shares of the company’s stock worth $181,000 after purchasing an additional 227 shares during the last quarter. Finally, Intl Fcstone Inc. acquired a new position in AmerisourceBergen Corporation (Holding Co) during the second quarter worth approximately $201,000. 66.84% of the stock is owned by hedge funds and other institutional investors.

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AmerisourceBergen Corporation (NYSE ABC) opened at $80.31 on Friday. The firm has a market cap of $16,987.68, a price-to-earnings 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 52 week low of $71.90 and a 52 week high of $97.85.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last announced its earnings results on Thursday, November 2nd. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.01. The business had revenue of $39.12 billion during the quarter, compared to the consensus estimate of $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 quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.30 earnings per share. analysts anticipate that AmerisourceBergen Corporation will post 6.04 EPS for the current fiscal year.

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

In other news, CFO Tim G. Guttman sold 11,600 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $74.28, for a total value of $861,648.00. Following the completion of the transaction, the chief financial officer now directly owns 40,326 shares in the company, valued at $2,995,415.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dale Danilewitz sold 1,857 shares of the company’s stock in a transaction on 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 sold 99,211 shares of company stock valued at $7,717,919 over the last 90 days. Insiders own 27.40% of the company’s stock.

Several equities analysts recently commented on the stock. Robert W. Baird reaffirmed a “buy” rating and set a $96.00 price target on shares of AmerisourceBergen Corporation (Holding Co) in a research report on Monday, November 6th. Needham & Company LLC decreased their price objective on shares of AmerisourceBergen Corporation (Holding Co) from $93.00 to $86.00 and set a “buy” rating for the company in a research note on Monday, November 6th. ValuEngine upgraded shares of AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st. Jefferies Group LLC set a $85.00 price objective on shares of AmerisourceBergen Corporation (Holding Co) and gave the stock a “hold” rating in a research note on Sunday, October 29th. Finally, Mizuho set a $92.00 price objective on shares of AmerisourceBergen Corporation (Holding Co) and gave the stock a “hold” rating in a research note on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $90.94.

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.

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

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