Sigma Investment Counselors Inc. increased its stake in shares of AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 1.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,465 shares of the company’s stock after buying an additional 189 shares during the period. Sigma Investment Counselors Inc.’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $1,178,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cigna Investments Inc. New bought a new position in shares of AmerisourceBergen Corporation (Holding Co) during the second quarter valued at $602,000. Greatmark Investment Partners Inc. boosted its position in shares of AmerisourceBergen Corporation (Holding Co) by 4.6% in the second quarter. Greatmark Investment Partners Inc. now owns 7,175 shares of the company’s stock valued at $678,000 after buying an additional 315 shares in the last quarter. Advisor Partners LLC boosted its position in shares of AmerisourceBergen Corporation (Holding Co) by 24.5% in the second quarter. Advisor Partners LLC now owns 5,624 shares of the company’s stock valued at $532,000 after buying an additional 1,106 shares in the last quarter. TD Asset Management Inc. boosted its position in shares of AmerisourceBergen Corporation (Holding Co) by 7.7% in the second quarter. TD Asset Management Inc. now owns 249,610 shares of the company’s stock valued at $23,596,000 after buying an additional 17,941 shares in the last quarter. Finally, Baker Ellis Asset Management LLC boosted its position in shares of AmerisourceBergen Corporation (Holding Co) by 3.8% in the second quarter. Baker Ellis Asset Management LLC now owns 51,610 shares of the company’s stock valued at $4,879,000 after buying an additional 1,880 shares in the last quarter. Institutional investors own 68.87% of the company’s stock.

Shares of AmerisourceBergen Corporation (NYSE:ABC) opened at 79.80 on Thursday. The firm has a market capitalization of $17.42 billion, a price-to-earnings ratio of 15.49 and a beta of 0.91. AmerisourceBergen Corporation has a 52 week low of $68.38 and a 52 week high of $97.85. The stock has a 50 day moving average price of $91.85 and a 200-day moving average price of $89.29.

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 analysts’ consensus estimates of $1.37 by $0.06. The business had revenue of $38.71 billion during the quarter, compared to the consensus estimate of $39.13 billion. AmerisourceBergen Corporation (Holding Co) had a return on equity of 56.07% and a net margin of 0.56%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.37 EPS. On average, analysts anticipate that AmerisourceBergen Corporation will post $5.88 EPS for the current year.

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Several brokerages recently weighed in on ABC. Leerink Swann set a $90.00 price target on AmerisourceBergen Corporation (Holding Co) and gave the company a “buy” rating in a research report on Monday. BidaskClub cut AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. TheStreet cut AmerisourceBergen Corporation (Holding Co) from a “b” rating to a “c+” rating in a research report on Thursday, August 3rd. Zacks Investment Research upgraded AmerisourceBergen Corporation (Holding Co) from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Finally, UBS AG reduced their price target 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, August 4th. One analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $93.14.

In other news, Chairman Steven H. Collis sold 15,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chairman now directly owns 253,876 shares of the company’s stock, valued at approximately $23,288,045.48. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate 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.

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

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