AmerisourceBergen Corporation (Holding Co) (ABC) Shares Bought by Fort L.P.

Fort L.P. raised its stake in AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 108.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,591 shares of the company’s stock after acquiring an additional 15,419 shares during the period. Fort L.P.’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $2,797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in AmerisourceBergen Corporation (Holding Co) by 4.0% in the first quarter. Vanguard Group Inc. now owns 15,348,617 shares of the company’s stock valued at $1,358,352,000 after acquiring an additional 587,779 shares in the last quarter. BlackRock Inc. boosted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 1,139.3% during the first quarter. BlackRock Inc. now owns 12,673,530 shares of the company’s stock worth $1,121,608,000 after buying an additional 11,650,881 shares during the period. Fiduciary Management Inc. WI boosted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 11.2% during the first quarter. Fiduciary Management Inc. WI now owns 6,151,621 shares of the company’s stock worth $544,418,000 after buying an additional 617,723 shares during the period. Franklin Resources Inc. boosted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 23.1% during the second quarter. Franklin Resources Inc. now owns 3,902,289 shares of the company’s stock worth $368,884,000 after buying an additional 731,466 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 42.9% during the second quarter. Wells Fargo & Company MN now owns 3,344,441 shares of the company’s stock worth $316,149,000 after buying an additional 1,003,327 shares during the period. Institutional investors own 67.64% of the company’s stock.

In related news, insider Peyton R. Howell sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $80.00, for a total value of $1,600,000.00. Following the sale, the insider now directly owns 57,135 shares in the company, valued at approximately $4,570,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gina Clark sold 1,273 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $80.94, for a total transaction of $103,036.62. Following the completion of the sale, the insider now owns 10,830 shares in the company, valued at $876,580.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 51,273 shares of company stock valued at $4,323,237. Company insiders own 27.40% of the company’s stock.

Shares of AmerisourceBergen Corporation (NYSE:ABC) traded up 0.28% during midday trading on Monday, reaching $81.83. 263,437 shares of the company were exchanged. The company’s 50-day moving average price is $81.75 and its 200 day moving average price is $87.67. The stock has a market capitalization of $17.93 billion, a price-to-earnings ratio of 21.32 and a beta of 0.95. 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 issued its quarterly earnings results on Thursday, August 3rd. The company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.06. The company had revenue of $38.71 billion during the quarter, compared to analyst estimates of $39.13 billion. AmerisourceBergen Corporation (Holding Co) had a net margin of 0.56% and a return on equity of 56.07%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.37 EPS. On average, equities analysts predict that AmerisourceBergen Corporation will post $5.88 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Monday, August 21st were paid a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend was Thursday, August 17th. AmerisourceBergen Corporation (Holding Co)’s dividend payout ratio is currently 38.02%.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of AmerisourceBergen Corporation (Holding Co) from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Bank of America Corporation downgraded shares of AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $95.76 to $94.00 in a research note on Friday, June 30th. Leerink Swann set a $90.00 target price on shares of AmerisourceBergen Corporation (Holding Co) and gave the stock a “buy” rating in a research note on Monday, August 7th. Jefferies Group LLC reiterated a “hold” rating and set a $95.00 target price on shares of AmerisourceBergen Corporation (Holding Co) in a research note on Wednesday, June 21st. Finally, BidaskClub downgraded shares of AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. AmerisourceBergen Corporation (Holding Co) presently has an average rating of “Hold” and a consensus price target of $92.34.

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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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