MV Capital Management Inc. continued to hold its stake in shares of AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,546 shares of the company’s stock at the end of the second quarter. MV Capital Management Inc.’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $997,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Hennessy Advisors Inc. purchased a new stake in shares of AmerisourceBergen Corporation (Holding Co) during the first quarter worth about $2,036,000. Donald L. Hagan LLC raised its stake in shares of AmerisourceBergen Corporation (Holding Co) by 8.5% in the first quarter. Donald L. Hagan LLC now owns 14,499 shares of the company’s stock worth $1,283,000 after buying an additional 1,132 shares during the last quarter. OMERS ADMINISTRATION Corp raised its stake in shares of AmerisourceBergen Corporation (Holding Co) by 20.6% in the first quarter. OMERS ADMINISTRATION Corp now owns 1,560,620 shares of the company’s stock worth $138,115,000 after buying an additional 266,670 shares during the last quarter. Ferguson Wellman Capital Management Inc. bought a new stake in shares of AmerisourceBergen Corporation (Holding Co) during the first quarter worth $21,817,000. Finally, Wedge Capital Management L L P NC bought a new stake in shares of AmerisourceBergen Corporation (Holding Co) during the first quarter worth $45,862,000. 68.87% of the stock is currently owned by institutional investors and hedge funds.

AmerisourceBergen Corporation (ABC) opened at 80.58 on Tuesday. AmerisourceBergen Corporation has a one year low of $68.38 and a one year high of $97.85. The firm has a 50-day moving average of $93.75 and a 200 day moving average of $89.47. The stock has a market capitalization 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 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.06. AmerisourceBergen Corporation (Holding Co) had a net margin of 0.56% and a return on equity of 56.07%. The company had revenue of $38.71 billion for the quarter, compared to analysts’ expectations of $39.13 billion. During the same period in the prior year, the business earned $1.37 EPS. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. On average, equities research analysts anticipate that AmerisourceBergen Corporation will post $5.88 earnings per share for the current fiscal year.

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ABC has been the topic of a number of research reports. BidaskClub raised shares of AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Vetr lowered shares of AmerisourceBergen Corporation (Holding Co) from a “strong-buy” rating to a “buy” rating and set a $97.44 target price on the stock. in a research note on Tuesday, May 9th. Credit Suisse Group reaffirmed a “buy” rating and set a $95.00 target price on shares of AmerisourceBergen Corporation (Holding Co) in a research note on Thursday, July 13th. Leerink Swann set a $90.00 target price on shares of AmerisourceBergen Corporation (Holding Co) and gave the company a “buy” rating in a research note on Monday. Finally, TheStreet lowered shares of AmerisourceBergen Corporation (Holding Co) from a “b” rating to a “c+” rating in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. AmerisourceBergen Corporation (Holding Co) presently has a consensus rating of “Hold” and an average price target of $93.14.

In other news, Chairman Steven H. Collis sold 15,000 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $94.76, for a total value of $1,421,400.00. Following the sale, the chairman now directly owns 253,876 shares in the company, valued at approximately $24,057,289.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 27.40% of the stock is currently 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.

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

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