IBM Retirement Fund purchased a new position in shares of AmerisourceBergen Corp. (NYSE:ABC) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,353 shares of the company’s stock, valued at approximately $216,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vantage Investment Advisors LLC acquired a new position in AmerisourceBergen during the fourth quarter worth about $156,000. IFG Advisory LLC acquired a new position in AmerisourceBergen during the fourth quarter worth about $678,000. Intl Fcstone Inc. acquired a new position in AmerisourceBergen during the second quarter worth about $201,000. TRUE Private Wealth Advisors acquired a new position in AmerisourceBergen during the fourth quarter worth about $203,000. Finally, CFO4Life Group LLC acquired a new position in AmerisourceBergen during the fourth quarter worth about $221,000. Hedge funds and other institutional investors own 66.84% of the company’s stock.

A number of research firms recently weighed in on ABC. Mizuho set a $100.00 price target on shares of AmerisourceBergen and gave the stock a “hold” rating in a research report on Wednesday, January 24th. Needham & Company LLC boosted their price target on shares of AmerisourceBergen from $88.00 to $108.00 and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Zacks Investment Research upgraded shares of AmerisourceBergen from a “hold” rating to a “buy” rating and set a $111.00 target price on the stock in a report on Thursday, January 18th. Evercore ISI assumed coverage on shares of AmerisourceBergen in a report on Thursday, January 4th. They issued an “outperform” rating and a $105.00 target price on the stock. Finally, TheStreet upgraded shares of AmerisourceBergen from a “c” rating to a “b” rating in a report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $101.17.

In other news, Chairman Steven H. Collis sold 21,350 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $82.53, for a total value of $1,762,015.50. Following the sale, the chairman now directly owns 287,925 shares of the company’s stock, valued at approximately $23,762,450.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Tim G. Guttman sold 11,600 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $85.73, for a total transaction of $994,468.00. Following the completion of the sale, the chief financial officer now directly owns 56,436 shares in the company, valued at $4,838,258.28. The disclosure for this sale can be found here. Insiders sold a total of 203,077 shares of company stock worth $18,288,730 over the last three months. Insiders own 27.30% of the company’s stock.

AmerisourceBergen Corp. (NYSE:ABC) opened at $89.45 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 0.95 and a debt-to-equity ratio of 1.61. The firm has a market cap of $19,592.28, a PE ratio of 19.28, a price-to-earnings-growth ratio of 1.43 and a beta of 1.02. AmerisourceBergen Corp. has a fifty-two week low of $71.90 and a fifty-two week high of $106.27.

AmerisourceBergen (NYSE:ABC) last posted its earnings results on Tuesday, February 6th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.20. The company had revenue of $40.47 billion for the quarter, compared to analyst estimates of $40.42 billion. AmerisourceBergen had a net margin of 0.66% and a return on equity of 53.65%. AmerisourceBergen’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.36 EPS. equities research analysts predict that AmerisourceBergen Corp. will post 6.58 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 5th. Stockholders of record on Tuesday, February 20th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Friday, February 16th. AmerisourceBergen’s dividend payout ratio (DPR) is 32.76%.

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AmerisourceBergen 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 (NYSE:ABC)

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