FDO Partners LLC acquired a new stake in AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 14,862 shares of the company’s stock, valued at approximately $1,315,000.

Other large investors have also added to or reduced their stakes in the company. Bollard Group LLC increased its stake in AmerisourceBergen Corporation (Holding Co) by 0.4% in the first quarter. Bollard Group LLC now owns 2,912 shares of the company’s stock valued at $258,000 after buying an additional 11 shares during the last quarter. Jaffetilchin Investment Partners LLC increased its stake in AmerisourceBergen Corporation (Holding Co) by 0.4% in the first quarter. Jaffetilchin Investment Partners LLC now owns 5,106 shares of the company’s stock valued at $452,000 after buying an additional 19 shares during the last quarter. Reinhart Partners Inc. increased its stake in AmerisourceBergen Corporation (Holding Co) by 0.6% in the first quarter. Reinhart Partners Inc. now owns 4,040 shares of the company’s stock valued at $358,000 after buying an additional 25 shares during the last quarter. Park National Corp OH increased its stake in AmerisourceBergen Corporation (Holding Co) by 0.7% in the first quarter. Park National Corp OH now owns 4,029 shares of the company’s stock valued at $357,000 after buying an additional 29 shares during the last quarter. Finally, Alpha Windward LLC increased its stake in AmerisourceBergen Corporation (Holding Co) by 1.8% in the first quarter. Alpha Windward LLC now owns 2,148 shares of the company’s stock valued at $190,000 after buying an additional 39 shares during the last quarter. Institutional investors own 69.11% of the company’s stock.

Institutional Ownership by Quarter for AmerisourceBergen Corporation (Holding Co) (NYSE:ABC)

AmerisourceBergen Corporation (ABC) traded down 0.28% on Tuesday, hitting $93.49. The stock had a trading volume of 316,444 shares. The stock has a market cap of $20.41 billion, a P/E ratio of 18.15 and a beta of 0.93. The company’s 50 day moving average is $89.78 and its 200-day moving average is $86.51. AmerisourceBergen Corporation has a 12 month low of $68.38 and a 12 month high of $95.18.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last announced its quarterly earnings data on Thursday, May 4th. The company reported $1.77 EPS for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.09. AmerisourceBergen Corporation (Holding Co) had a return on equity of 60.21% and a net margin of 0.77%. The firm had revenue of $37.15 billion for the quarter, compared to the consensus estimate of $38.07 billion. During the same quarter last year, the business posted $1.68 earnings per share. The firm’s revenue was up 4.1% compared to the same quarter last year. Analysts forecast that AmerisourceBergen Corporation will post $5.87 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 5th. Investors of record on Monday, May 22nd were given a dividend of $0.365 per share. The ex-dividend date of this dividend was Thursday, May 18th. This represents a $1.46 dividend on an annualized basis and a yield of 1.56%. AmerisourceBergen Corporation (Holding Co)’s payout ratio is 28.24%.

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Several research firms recently commented on ABC. Needham & Company LLC began coverage on AmerisourceBergen Corporation (Holding Co) in a report on Tuesday, April 4th. They issued a “buy” rating and a $99.00 price objective for the company. Vetr downgraded AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “hold” rating and set a $90.84 price target for the company. in a research note on Thursday, April 6th. Jefferies Group LLC began coverage on AmerisourceBergen Corporation (Holding Co) in a research note on Wednesday, May 17th. They set a “hold” rating and a $95.00 price target for the company. BidaskClub upgraded AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Mizuho boosted their price target on AmerisourceBergen Corporation (Holding Co) from $83.00 to $93.00 and gave the company a “neutral” rating in a research note on Tuesday, May 30th. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $94.71.

In related news, Chairman Steven H. Collis sold 15,000 shares of AmerisourceBergen Corporation (Holding Co) stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $81.98, for a total transaction of $1,229,700.00. Following the transaction, the chairman now owns 253,876 shares in the company, valued at $20,812,754.48. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In the last quarter, insiders have sold 45,000 shares of company stock worth $3,930,900. 27.40% of the stock is currently owned by company insiders.

AmerisourceBergen Corporation (Holding Co) 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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