Pineno Levin & Ford Asset Management Inc. cut its position in shares of AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 0.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 65,347 shares of the company’s stock after selling 130 shares during the period. AmerisourceBergen Corporation (Holding Co) accounts for 2.9% of Pineno Levin & Ford Asset Management Inc.’s portfolio, making the stock its 6th largest position. Pineno Levin & Ford Asset Management Inc.’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $6,177,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Chevy Chase Trust Holdings Inc. boosted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 1.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 177,307 shares of the company’s stock worth $15,692,000 after buying an additional 2,474 shares during the period. Rathbone Brothers plc purchased a new stake in shares of AmerisourceBergen Corporation (Holding Co) during the first quarter worth approximately $203,000. Raymond James Trust N.A. boosted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 4.2% in the first quarter. Raymond James Trust N.A. now owns 3,594 shares of the company’s stock worth $318,000 after buying an additional 145 shares during the period. Creative Planning boosted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 3.6% in the first quarter. Creative Planning now owns 19,042 shares of the company’s stock worth $1,685,000 after buying an additional 658 shares during the period. Finally, Koshinski Asset Management Inc. boosted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 101.9% in the first quarter. Koshinski Asset Management Inc. now owns 5,509 shares of the company’s stock worth $488,000 after buying an additional 2,780 shares during the period. 68.87% of the stock is owned by hedge funds and other institutional investors.

AmerisourceBergen Corporation (NYSE:ABC) opened at 80.58 on Tuesday. AmerisourceBergen Corporation has a 52-week low of $68.38 and a 52-week high of $97.85. The firm has a 50-day moving average price of $93.75 and a 200 day moving average price of $89.47. The stock has a market cap of $17.60 billion, a PE ratio of 15.64 and a beta of 0.91.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last issued its earnings results on Thursday, August 3rd. The company reported $1.43 EPS for the quarter, beating the consensus estimate 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 business had revenue of $38.71 billion for the quarter, compared to the consensus estimate of $39.13 billion. During the same period last year, the business posted $1.37 EPS. The company’s revenue was up 4.9% compared to the same quarter last year. On average, analysts forecast that AmerisourceBergen Corporation will post $5.88 earnings per share for the current fiscal year.

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ABC has been the subject of a number of research reports. Vetr raised AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “buy” rating and set a $92.52 price objective for the company in a research note on Tuesday, April 11th. Jefferies Group LLC began coverage on AmerisourceBergen Corporation (Holding Co) in a research report on Wednesday, May 17th. They set a “hold” rating and a $95.00 target price on the stock. Mizuho lifted their target price on AmerisourceBergen Corporation (Holding Co) from $83.00 to $93.00 and gave the company a “neutral” rating in a research report on Tuesday, May 30th. BidaskClub raised AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Finally, Bank of America Corporation cut AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “neutral” rating and cut their target price for the company from $95.76 to $94.00 in a research report on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $93.14.

In other AmerisourceBergen Corporation (Holding Co) news, Chairman Steven H. Collis sold 15,000 shares of the stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $91.73, for a total transaction of $1,375,950.00. Following the sale, the chairman now directly owns 253,876 shares in the company, valued at approximately $23,288,045.48. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 27.40% of the company’s stock.

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.

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

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