State of Wisconsin Investment Board cut its position in shares of AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 27.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 104,683 shares of the company’s stock after selling 40,115 shares during the period. State of Wisconsin Investment Board’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $8,663,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in AmerisourceBergen Corporation (Holding Co) by 6.8% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 25,079 shares of the company’s stock worth $2,075,000 after buying an additional 1,591 shares in the last quarter. First Merchants Corp boosted its holdings in AmerisourceBergen Corporation (Holding Co) by 160.5% during the third quarter. First Merchants Corp now owns 27,342 shares of the company’s stock worth $2,262,000 after buying an additional 16,848 shares in the last quarter. Wedge Capital Management L L P NC boosted its holdings in 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 in the last quarter. Perkins Capital Management Inc. boosted its holdings in AmerisourceBergen Corporation (Holding Co) by 13.5% during the third quarter. Perkins Capital Management Inc. now owns 11,800 shares of the company’s stock worth $976,000 after buying an additional 1,400 shares in the last quarter. Finally, Andra AP fonden boosted its holdings in AmerisourceBergen Corporation (Holding Co) by 14.7% during the third quarter. Andra AP fonden now owns 38,900 shares of the company’s stock worth $3,219,000 after buying an additional 5,000 shares in the last quarter. 66.84% of the stock is currently owned by hedge funds and other institutional investors.

AmerisourceBergen Corporation (NYSE ABC) opened at $78.84 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62. The firm has a market cap of $17,600.00, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 1.31 and a beta of 0.95. 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 posted its quarterly earnings data 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. The company had revenue of $39.12 billion during the quarter, compared to analysts’ expectations of $40.10 billion. AmerisourceBergen Corporation (Holding Co) had a net margin of 0.27% and a return on equity of 55.99%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.30 earnings per share. equities analysts predict that AmerisourceBergen Corporation will post 6.04 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 20th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.93%. This is a boost from AmerisourceBergen Corporation (Holding Co)’s previous quarterly dividend of $0.37. The ex-dividend date is Friday, November 17th. AmerisourceBergen Corporation (Holding Co)’s dividend payout ratio is 78.92%.

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In other news, Chairman Steven H. Collis sold 15,000 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $79.92, for a total value of $1,198,800.00. Following the completion of the sale, the chairman now directly owns 253,876 shares in the company, valued at $20,289,769.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 sold 99,211 shares of company stock valued at $7,717,919 over the last quarter. Company insiders own 27.40% of the company’s stock.

A number of brokerages recently issued reports on ABC. Leerink Swann set a $90.00 price target on shares of AmerisourceBergen Corporation (Holding Co) and gave the stock a “buy” rating in a report on Monday, August 7th. TheStreet downgraded shares of AmerisourceBergen Corporation (Holding Co) from a “b” rating to a “c+” rating in a report on Thursday, August 3rd. BidaskClub downgraded shares of AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Jefferies Group LLC set a $85.00 price target on shares of AmerisourceBergen Corporation (Holding Co) and gave the stock a “hold” rating in a report on Sunday, October 29th. Finally, Robert W. Baird reissued a “buy” rating and set a $96.00 price target on shares of AmerisourceBergen Corporation (Holding Co) in a report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus 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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