Bruni J V & Co. Co. lowered its stake in shares of AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 1.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,879 shares of the company’s stock after selling 2,305 shares during the period. AmerisourceBergen Corporation (Holding Co) makes up approximately 2.2% of Bruni J V & Co. Co.’s investment portfolio, making the stock its 21st largest position. Bruni J V & Co. Co. owned 0.06% of AmerisourceBergen Corporation (Holding Co) worth $11,427,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in ABC. Parallel Advisors LLC raised its position in shares of AmerisourceBergen Corporation (Holding Co) by 3.2% in the second quarter. Parallel Advisors LLC now owns 1,109 shares of the company’s stock valued at $104,000 after buying an additional 34 shares in the last quarter. Point72 Asia Hong Kong Ltd acquired a new stake in AmerisourceBergen Corporation (Holding Co) during the first quarter worth $105,000. American Beacon Advisors Inc. acquired a new stake in AmerisourceBergen Corporation (Holding Co) during the first quarter worth $108,000. SRS Capital Advisors Inc. raised its stake in AmerisourceBergen Corporation (Holding Co) by 0.3% in the first quarter. SRS Capital Advisors Inc. now owns 1,235 shares of the company’s stock worth $109,000 after buying an additional 4 shares in the last quarter. Finally, ClariVest Asset Management LLC acquired a new stake in AmerisourceBergen Corporation (Holding Co) during the first quarter worth $143,000. Hedge funds and other institutional investors own 68.81% of the company’s stock.

AmerisourceBergen Corporation (NYSE:ABC) opened at 78.10 on Friday. The company has a market capitalization of $17.11 billion, a P/E ratio of 20.35 and a beta of 0.91. The stock’s 50 day moving average is $86.55 and its 200-day moving average is $88.67. AmerisourceBergen Corporation has a 52-week low of $68.38 and a 52-week high of $97.85.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.06. AmerisourceBergen Corporation (Holding Co) had a net margin of 0.56% and a return on equity of 56.07%. The company had revenue of $38.71 billion during the quarter, compared to analyst estimates of $39.13 billion. During the same period last year, the firm posted $1.37 EPS. AmerisourceBergen Corporation (Holding Co)’s revenue for the quarter was up 4.9% compared to the same quarter last year. Analysts predict that AmerisourceBergen Corporation will post $5.88 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Monday, August 21st will be given a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Thursday, August 17th. AmerisourceBergen Corporation (Holding Co)’s dividend payout ratio is presently 38.02%.

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ABC has been the topic of a number of analyst reports. Mizuho upped their target price on shares of AmerisourceBergen Corporation (Holding Co) from $83.00 to $93.00 and gave the stock a “neutral” rating in a report on Tuesday, May 30th. BidaskClub upgraded shares of AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Vetr lowered shares of AmerisourceBergen Corporation (Holding Co) from a “strong-buy” rating to a “buy” rating and set a $97.44 target price on the stock. in a report on Tuesday, May 9th. Jefferies Group LLC restated a “hold” rating and issued a $95.00 target price on shares of AmerisourceBergen Corporation (Holding Co) in a report on Wednesday, June 21st. Finally, Bank of America Corporation lowered shares of AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $95.76 to $94.00 in a report on Friday, June 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $93.14.

In other news, insider Peyton R. Howell sold 20,000 shares of AmerisourceBergen Corporation (Holding Co) stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $80.00, for a total transaction of $1,600,000.00. Following the completion of the transaction, the insider now directly owns 57,135 shares of the company’s stock, valued at approximately $4,570,800. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Gina Clark sold 1,273 shares of AmerisourceBergen Corporation (Holding Co) stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $80.94, for a total transaction of $103,036.62. Following the transaction, the insider now directly owns 10,830 shares of the company’s stock, valued at $876,580.20. The disclosure for this sale can be found here. Insiders have sold a total of 51,273 shares of company stock valued at $4,500,387 over the last three months. 27.40% of the stock is currently owned by insiders.

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.

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

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