Roberts Glore & Co. Inc. IL bought a new position in shares of AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,650 shares of the company’s stock, valued at approximately $219,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Matthew Goff Investment Advisor LLC boosted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 21.8% during the third quarter. Matthew Goff Investment Advisor LLC now owns 18,828 shares of the company’s stock worth $1,558,000 after buying an additional 3,366 shares during the period. Macquarie Group Ltd. boosted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 4.4% during the third quarter. Macquarie Group Ltd. now owns 21,214 shares of the company’s stock worth $1,754,000 after buying an additional 894 shares during the period. Vaughan David Investments Inc. IL boosted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 5.7% during the third quarter. Vaughan David Investments Inc. IL now owns 178,883 shares of the company’s stock worth $14,803,000 after buying an additional 9,575 shares during the period. Commonwealth Equity Services Inc boosted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 5.9% during the third quarter. Commonwealth Equity Services Inc now owns 46,135 shares of the company’s stock worth $3,817,000 after buying an additional 2,565 shares during the period. Finally, Advisors Asset Management Inc. boosted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 20.7% during the third quarter. Advisors Asset Management Inc. now owns 32,905 shares of the company’s stock worth $2,723,000 after buying an additional 5,638 shares during the period. Institutional investors and hedge funds own 66.84% of the company’s stock.

In other AmerisourceBergen Corporation (Holding Co) 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 value of $861,648.00. Following the completion of the transaction, the chief financial officer now directly owns 40,326 shares of the company’s stock, valued at $2,995,415.28. The sale was disclosed in a filing with the SEC, which is available at 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. Over the last ninety days, insiders sold 99,211 shares of company stock valued at $7,717,919. 27.40% of the stock is currently owned by corporate insiders.

Shares of AmerisourceBergen Corporation (NYSE:ABC) traded down $1.08 during trading on Friday, reaching $78.84. 2,189,355 shares of the company’s stock were exchanged, compared to its average volume of 2,594,359. AmerisourceBergen Corporation has a 12 month low of $71.90 and a 12 month high of $97.85. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.48 and a current ratio of 0.91. The stock has a market capitalization of $17,274.71, a PE ratio of 13.39, a PEG ratio of 1.37 and a beta of 0.95.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last issued its earnings results on Thursday, November 2nd. The company reported $1.33 earnings per share (EPS) for the quarter, beating 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 company had revenue of $39.12 billion during the quarter, compared to analysts’ expectations of $40.10 billion. During the same period last year, the company posted $1.30 earnings per share. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. research analysts predict that AmerisourceBergen Corporation will post 6.04 earnings per share for the current fiscal year.

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

Several brokerages have recently weighed in on ABC. Cowen and Company upgraded shares of AmerisourceBergen Corporation (Holding Co) from a “market perform” rating to an “outperform” rating in a research note on Tuesday, October 10th. Jefferies Group LLC set a $85.00 target price on shares of AmerisourceBergen Corporation (Holding Co) and gave the stock a “hold” rating in a research note on Sunday, October 29th. Zacks Investment Research downgraded shares of AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Leerink Swann set a $90.00 price objective on shares of AmerisourceBergen Corporation (Holding Co) and gave the company a “buy” rating in a research report on Monday, August 7th. Finally, Morgan Stanley downgraded shares of AmerisourceBergen Corporation (Holding Co) from an “overweight” rating to an “equal weight” rating in a research report on Thursday, September 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $90.94.

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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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