AmerisourceBergen Corporation (Holding Co) (ABC) Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS
Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 7.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,187 shares of the company’s stock after purchasing an additional 858 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in AmerisourceBergen were worth $1,091,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its holdings in shares of AmerisourceBergen by 3.2% in the 2nd quarter. Parallel Advisors LLC now owns 1,109 shares of the company’s stock worth $104,000 after acquiring an additional 34 shares during the last quarter. Sun Life Financial INC raised its holdings in shares of AmerisourceBergen by 15,000.0% in the 2nd quarter. Sun Life Financial INC now owns 1,208 shares of the company’s stock worth $114,000 after acquiring an additional 1,200 shares during the last quarter. D.A. Davidson & CO. raised its holdings in shares of AmerisourceBergen by 29.0% in the 2nd quarter. D.A. Davidson & CO. now owns 1,668 shares of the company’s stock worth $157,000 after acquiring an additional 375 shares during the last quarter. Intl Fcstone Inc. acquired a new stake in shares of AmerisourceBergen in the 2nd quarter worth about $201,000. Finally, Pinnacle Associates Ltd. acquired a new stake in shares of AmerisourceBergen in the 2nd quarter worth about $203,000. 67.83% of the stock is currently owned by institutional investors.
Shares of AmerisourceBergen Corporation (NYSE:ABC) opened at $85.89 on Wednesday. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.91 and a quick ratio of 0.48. The company has a market cap of $19,064.73, a PE ratio of 14.84, a price-to-earnings-growth ratio of 1.52 and a beta of 1.00. AmerisourceBergen Corporation has a one year low of $71.90 and a one year high of $97.85.
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 4th. Shareholders of record on Monday, November 20th were paid a $0.38 dividend. This is a positive change from AmerisourceBergen’s previous quarterly dividend of $0.37. The ex-dividend date was Friday, November 17th. This represents a $1.52 annualized dividend and a yield of 1.77%. AmerisourceBergen’s dividend payout ratio (DPR) is 82.16%.
In other news, Chairman Steven H. Collis sold 21,350 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $76.94, for a total transaction of $1,642,669.00. Following the completion of the sale, the chairman now owns 260,226 shares in the company, valued at approximately $20,021,788.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Tim G. Guttman sold 11,600 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $74.28, for a total transaction of $861,648.00. Following the sale, the chief financial officer now owns 40,326 shares of the company’s stock, valued at approximately $2,995,415.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 165,407 shares of company stock valued at $13,310,758. Company insiders own 27.40% of the company’s stock.
ABC has been the topic of a number of analyst reports. Morgan Stanley lowered shares of AmerisourceBergen from an “overweight” rating to an “equal weight” rating in a report on Thursday, September 14th. Mizuho set a $92.00 target price on shares of AmerisourceBergen and gave the stock a “hold” rating in a report on Tuesday, October 24th. Zacks Investment Research lowered shares of AmerisourceBergen from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. ValuEngine lowered shares of AmerisourceBergen from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Cowen upgraded shares of AmerisourceBergen from a “market perform” rating to an “outperform” rating in a report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. AmerisourceBergen has an average rating of “Buy” and a consensus price target of $91.95.
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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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