Palladium Partners LLC decreased its position in AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 3.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,220 shares of the company’s stock after selling 515 shares during the period. Palladium Partners LLC’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $1,250,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the company. NewFocus Financial Group LLC increased its position in shares of AmerisourceBergen Corporation (Holding Co) by 0.5% in the second quarter. NewFocus Financial Group LLC now owns 26,152 shares of the company’s stock worth $2,472,000 after buying an additional 137 shares in the last quarter. Candriam Luxembourg S.C.A. increased its position in shares of AmerisourceBergen Corporation (Holding Co) by 15.5% in the second quarter. Candriam Luxembourg S.C.A. now owns 31,798 shares of the company’s stock worth $3,006,000 after buying an additional 4,279 shares in the last quarter. Sei Investments Co. increased its position in shares of AmerisourceBergen Corporation (Holding Co) by 31.4% in the second quarter. Sei Investments Co. now owns 131,059 shares of the company’s stock worth $12,390,000 after buying an additional 31,334 shares in the last quarter. Univest Corp of Pennsylvania increased its position in shares of AmerisourceBergen Corporation (Holding Co) by 0.9% in the second quarter. Univest Corp of Pennsylvania now owns 35,775 shares of the company’s stock worth $3,382,000 after buying an additional 320 shares in the last quarter. Finally, Benedict Financial Advisors Inc. increased its position in shares of AmerisourceBergen Corporation (Holding Co) by 1.5% in the second quarter. Benedict Financial Advisors Inc. now owns 17,220 shares of the company’s stock worth $1,578,000 after buying an additional 249 shares in the last quarter. 68.82% of the stock is owned by institutional investors and hedge funds.

AmerisourceBergen Corporation (NYSE:ABC) opened at 80.83 on Friday. The company has a 50-day moving average price of $93.75 and a 200-day moving average price of $89.47. AmerisourceBergen Corporation has a one year low of $68.38 and a one year high of $97.85. The firm has a market capitalization of $17.65 billion, a P/E ratio of 15.69 and a beta of 0.91.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.06. AmerisourceBergen Corporation (Holding Co) had a return on equity of 56.07% and a net margin of 0.56%. The firm had revenue of $38.71 billion during the quarter, compared to analyst estimates of $39.13 billion. During the same quarter last year, the firm earned $1.37 EPS. AmerisourceBergen Corporation (Holding Co)’s quarterly revenue was up 4.9% on a year-over-year basis. On average, equities research analysts anticipate that AmerisourceBergen Corporation will post $5.87 EPS for the current year.

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A number of brokerages have recently commented on ABC. BidaskClub downgraded AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a research report on Saturday. TheStreet downgraded AmerisourceBergen Corporation (Holding Co) from a “b” rating to a “c+” rating in a research report on Thursday. Zacks Investment Research raised AmerisourceBergen Corporation (Holding Co) from a “sell” rating to a “hold” rating in a research report on Friday. UBS AG lowered their price objective on AmerisourceBergen Corporation (Holding Co) from $94.00 to $87.00 and set a “neutral” rating for the company in a research report on Friday. Finally, Credit Suisse Group reissued a “buy” rating and set a $95.00 price objective on shares of AmerisourceBergen Corporation (Holding Co) in a research report on Thursday, July 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. AmerisourceBergen Corporation (Holding Co) has a consensus rating of “Hold” and a consensus price target of $93.64.

In other AmerisourceBergen Corporation (Holding Co) news, Chairman Steven H. Collis sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $94.76, for a total transaction of $1,421,400.00. Following the completion of the sale, the chairman now owns 253,876 shares in the company, valued at approximately $24,057,289.76. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 27.40% of the stock is owned by company insiders.

About AmerisourceBergen Corporation (Holding Co)

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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