Bp Plc continued to hold its stake in AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) during the second quarter, Holdings Channel reports. The firm owned 21,000 shares of the company’s stock at the end of the second quarter. Bp Plc’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $1,985,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. increased its stake in AmerisourceBergen Corporation (Holding Co) by 0.3% in the first quarter. SRS Capital Advisors Inc. now owns 1,235 shares of the company’s stock worth $109,000 after buying an additional 4 shares in the last quarter. 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 worth $258,000 after buying an additional 11 shares in 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 worth $452,000 after buying an additional 19 shares in 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 worth $358,000 after buying an additional 25 shares in 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 worth $190,000 after buying an additional 39 shares in the last quarter. 68.87% of the stock is currently owned by institutional investors and hedge funds.

AmerisourceBergen Corporation (NYSE ABC) opened at 78.88 on Friday. The company has a market cap of $17.28 billion, a PE ratio of 20.55 and a beta of 0.91. AmerisourceBergen Corporation has a 12-month low of $68.38 and a 12-month high of $97.85. The company’s 50-day moving average price is $91.38 and its 200-day moving average price is $89.22.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $1.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.06. The firm had revenue of $38.71 billion during the quarter, compared to analyst estimates of $39.13 billion. AmerisourceBergen Corporation (Holding Co) had a net margin of 0.56% and a return on equity of 56.07%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $1.37 EPS. Equities analysts anticipate that AmerisourceBergen Corporation will post $5.88 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Monday, August 21st will be paid a $0.365 dividend. This represents a $1.46 annualized dividend and a yield of 1.85%. AmerisourceBergen Corporation (Holding Co)’s dividend payout ratio (DPR) is 38.02%.

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A number of research firms recently issued reports on ABC. Zacks Investment Research raised AmerisourceBergen Corporation (Holding Co) from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Bank of America Corporation downgraded AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “neutral” rating and lowered their target price for the company from $95.76 to $94.00 in a research report on Friday, June 30th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $95.00 target price on shares of AmerisourceBergen Corporation (Holding Co) in a research report on Wednesday, June 21st. Leerink Swann set a $90.00 target price on AmerisourceBergen Corporation (Holding Co) and gave the company a “buy” rating in a research report on Monday. Finally, Vetr raised AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “strong-buy” rating and set a $97.44 target price on the stock in a research report on Wednesday, May 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. AmerisourceBergen Corporation (Holding Co) currently has a consensus rating of “Hold” and an average 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 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 completion of the sale, the chairman now owns 253,876 shares in the company, valued at approximately $24,057,289.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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.

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

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