K.J. Harrison & Partners Inc purchased a new stake in shares of AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 48,715 shares of the company’s stock, valued at approximately $4,031,000. AmerisourceBergen Corporation (Holding Co) accounts for about 1.4% of K.J. Harrison & Partners Inc’s portfolio, making the stock its 21st biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Parallel Advisors LLC lifted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 3.2% during the second quarter. Parallel Advisors LLC now owns 1,109 shares of the company’s stock valued at $104,000 after acquiring an additional 34 shares during the period. Point72 Asia Hong Kong Ltd acquired a new position in shares of AmerisourceBergen Corporation (Holding Co) during the first quarter valued at $105,000. Sun Life Financial INC lifted its stake in shares of 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 valued at $114,000 after acquiring an additional 1,200 shares during the period. American Beacon Advisors Inc. acquired a new position in shares of AmerisourceBergen Corporation (Holding Co) during the first quarter valued at $108,000. Finally, D.A. Davidson & CO. lifted its stake in shares of 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 valued at $157,000 after acquiring an additional 375 shares during the period. 67.49% of the stock is currently owned by institutional investors and hedge funds.

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In other news, Chairman Steven H. Collis sold 15,000 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $79.92, for a total value of $1,198,800.00. Following the transaction, the chairman now directly owns 253,876 shares of the company’s stock, valued at approximately $20,289,769.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Tim G. Guttman sold 11,600 shares of the business’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $79.47, for a total value of $921,852.00. The disclosure for this sale can be found here. Insiders sold a total of 64,728 shares of company stock worth $5,215,143 over the last three months. 27.40% of the stock is owned by company insiders.

Shares of AmerisourceBergen Corporation (NYSE:ABC) traded down 0.35% during midday trading on Tuesday, hitting $76.66. The company’s stock had a trading volume of 1,190,677 shares. The company has a 50-day moving average price of $81.12 and a 200 day moving average price of $85.97. The company has a market cap of $16.80 billion, a P/E ratio of 19.97 and a beta of 0.96. AmerisourceBergen Corporation has a 1-year low of $68.38 and a 1-year high of $97.85.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.06. The company had revenue of $38.71 billion for the quarter, compared to the consensus estimate of $39.13 billion. AmerisourceBergen Corporation (Holding Co) had a return on equity of 56.07% and a net margin of 0.56%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.37 EPS. On average, equities research analysts predict that AmerisourceBergen Corporation will post $5.88 EPS for the current year.

Several brokerages have recently issued reports on ABC. ValuEngine raised AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “buy” rating in a research note on Tuesday. Jefferies Group LLC set a $85.00 price target on AmerisourceBergen Corporation (Holding Co) and gave the company a “hold” rating in a research note on Sunday. Mizuho set a $92.00 price target on AmerisourceBergen Corporation (Holding Co) and gave the company a “hold” rating in a research note on Tuesday, October 24th. Needham & Company LLC set a $93.00 price target on AmerisourceBergen Corporation (Holding Co) and gave the company a “buy” rating in a research note on Tuesday, October 24th. Finally, Zacks Investment Research raised AmerisourceBergen Corporation (Holding Co) from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. AmerisourceBergen Corporation (Holding Co) currently has a consensus rating of “Hold” and a consensus price target of $91.13.

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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