Oregon Public Employees Retirement Fund decreased its stake in AmerisourceBergen Corp. (NYSE:ABC) by 13.1% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 37,898 shares of the company’s stock after selling 5,731 shares during the period. Oregon Public Employees Retirement Fund’s holdings in AmerisourceBergen Corp. were worth $3,061,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. MAI Capital Management raised its position in shares of AmerisourceBergen Corp. by 51.5% in the second quarter. MAI Capital Management now owns 3,641 shares of the company’s stock valued at $289,000 after buying an additional 1,237 shares in the last quarter. Beacon Financial Group bought a new position in shares of AmerisourceBergen Corp. during the second quarter valued at approximately $401,000. Breton Hill Capital Ltd. bought a new position in shares of AmerisourceBergen Corp. during the second quarter valued at approximately $206,000. Creative Planning raised its position in shares of AmerisourceBergen Corp. by 1.6% in the second quarter. Creative Planning now owns 9,021 shares of the company’s stock valued at $716,000 after buying an additional 138 shares in the last quarter. Finally, Atria Investments LLC bought a new position in shares of AmerisourceBergen Corp. during the second quarter valued at approximately $488,000. 63.44% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for AmerisourceBergen Corp. (NYSE:ABC)

AmerisourceBergen Corp. (NYSE:ABC) traded down 1.80% during midday trading on Tuesday, reaching $77.63. The company’s stock had a trading volume of 2,493,695 shares. The company’s 50-day moving average price is $77.62 and its 200-day moving average price is $80.98. AmerisourceBergen Corp. has a 1-year low of $68.38 and a 1-year high of $105.81. The company has a market capitalization of $17.09 billion, a price-to-earnings ratio of 12.28 and a beta of 0.80.

AmerisourceBergen Corp. (NYSE:ABC) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported $1.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.07. AmerisourceBergen Corp. had a return on equity of 68.70% and a net margin of 0.97%. The company earned $37.60 billion during the quarter, compared to the consensus estimate of $37.97 billion. During the same period last year, the business earned $1.21 EPS. The business’s quarterly revenue was up 5.9% on a year-over-year basis. On average, analysts predict that AmerisourceBergen Corp. will post $5.74 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 5th. Stockholders of record on Monday, November 21st will be paid a dividend of $0.365 per share. The ex-dividend date is Thursday, November 17th. This is an increase from AmerisourceBergen Corp.’s previous quarterly dividend of $0.34. This represents a $1.46 dividend on an annualized basis and a dividend yield of 1.88%. AmerisourceBergen Corp.’s dividend payout ratio (DPR) is 23.03%.

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Several equities analysts have commented on the stock. Morgan Stanley upgraded shares of AmerisourceBergen Corp. from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $84.00 to $86.00 in a research note on Thursday, November 10th. Mizuho upgraded shares of AmerisourceBergen Corp. from a “neutral” rating to a “buy” rating and set a $83.00 price target on the stock in a research note on Wednesday, November 9th. Leerink Swann lowered shares of AmerisourceBergen Corp. from an “outperform” rating to a “market perform” rating and set a $75.00 price target on the stock. in a research note on Friday, November 4th. TheStreet lowered shares of AmerisourceBergen Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, November 2nd. Finally, Zacks Investment Research lowered shares of AmerisourceBergen Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, October 25th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $94.11.

In other news, Chairman Steven H. Collis sold 15,000 shares of the firm’s stock in a transaction dated Monday, October 17th. The stock was sold at an average price of $79.59, for a total transaction of $1,193,850.00. Following the completion of the sale, the chairman now directly owns 231,252 shares of the company’s stock, valued at approximately $18,405,346.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John G. Chou sold 63,750 shares of the firm’s stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $85.70, for a total value of $5,463,375.00. Following the sale, the insider now directly owns 104,043 shares of the company’s stock, valued at $8,916,485.10. The disclosure for this sale can be found here. Insiders own 6.90% of the company’s stock.

About AmerisourceBergen Corp.

AmerisourceBergen Corporation is a pharmaceutical sourcing and distribution services company. The Company operates through two segments: Pharmaceutical Distribution and Other. The Company also provides data and other services to its manufacturing customers. The Company provides services to healthcare providers, and pharmaceutical and biotech manufacturers.

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