Clarus Wealth Advisors lifted its holdings in shares of AmerisourceBergen Corp. (NYSE:ABC) by 12.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,308 shares of the company’s stock after buying an additional 142 shares during the quarter. Clarus Wealth Advisors’ holdings in AmerisourceBergen were worth $97,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of ABC. Private Capital Group LLC boosted its stake in AmerisourceBergen by 201.3% during the 4th quarter. Private Capital Group LLC now owns 482 shares of the company’s stock worth $36,000 after acquiring an additional 322 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in AmerisourceBergen by 6,614.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,448,589 shares of the company’s stock worth $46,000 after acquiring an additional 3,397,228 shares during the last quarter. Financial Gravity Companies Inc. bought a new position in AmerisourceBergen during the 4th quarter worth approximately $54,000. Exane Asset Management bought a new position in AmerisourceBergen during the 4th quarter worth approximately $73,000. Finally, Ipswich Investment Management Co. Inc. bought a new position in AmerisourceBergen during the 4th quarter worth approximately $96,000. Institutional investors own 68.51% of the company’s stock.
Shares of ABC opened at $86.41 on Thursday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.53 and a current ratio of 0.94. AmerisourceBergen Corp. has a twelve month low of $69.36 and a twelve month high of $101.56. The company has a market capitalization of $17.81 billion, a price-to-earnings ratio of 13.31, a P/E/G ratio of 1.55 and a beta of 1.12.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 4th. Shareholders of record on Tuesday, February 19th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Friday, February 15th. AmerisourceBergen’s payout ratio is currently 24.65%.
Several research analysts recently weighed in on ABC shares. ValuEngine raised shares of AmerisourceBergen from a “sell” rating to a “hold” rating in a research note on Thursday, January 31st. Zacks Investment Research raised shares of AmerisourceBergen from a “sell” rating to a “hold” rating in a research note on Friday, November 16th. Royal Bank of Canada set a $90.00 price objective on shares of AmerisourceBergen and gave the stock a “hold” rating in a research note on Wednesday, November 7th. TheStreet lowered shares of AmerisourceBergen from a “b-” rating to a “c+” rating in a research note on Tuesday, January 8th. Finally, UBS Group started coverage on shares of AmerisourceBergen in a research note on Thursday, January 17th. They set a “buy” rating and a $89.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. AmerisourceBergen has a consensus rating of “Hold” and an average price target of $96.00.
In other AmerisourceBergen news, insider Lazarus Krikorian sold 20,276 shares of AmerisourceBergen stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $90.37, for a total value of $1,832,342.12. Following the transaction, the insider now owns 28,419 shares of the company’s stock, valued at $2,568,225.03. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kathy H. Gaddes sold 2,652 shares of AmerisourceBergen stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $90.54, for a total transaction of $240,112.08. Following the completion of the transaction, the insider now directly owns 4,591 shares in the company, valued at approximately $415,669.14. The disclosure for this sale can be found here. In the last ninety days, insiders sold 136,178 shares of company stock worth $11,478,686. Insiders own 27.80% of the company’s stock.
AmerisourceBergen Company Profile
AmerisourceBergen Corporation sources and distributes pharmaceutical products in the United States and internationally. Its Pharmaceutical Distribution segment distributes brand-name and generic pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, outsourced compounded sterile preparations, and related services to various healthcare providers, including acute care hospitals and health systems, independent and chain retail pharmacies, mail order pharmacies, medical clinics, long-term care and other alternate site pharmacies, and other customers.
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