United Fire Group Inc. continued to hold its stake in AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,000 shares of the company’s stock at the end of the second quarter. United Fire Group Inc.’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $567,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in ABC. BlackRock Inc. raised its stake in AmerisourceBergen Corporation (Holding Co) by 1,139.3% in the first quarter. BlackRock Inc. now owns 12,673,530 shares of the company’s stock valued at $1,121,608,000 after buying an additional 11,650,881 shares during the last quarter. FIL Ltd acquired a new stake in AmerisourceBergen Corporation (Holding Co) during the first quarter valued at about $269,043,000. Beutel Goodman & Co Ltd. acquired a new stake in AmerisourceBergen Corporation (Holding Co) during the first quarter valued at about $100,455,000. Bank of America Corp DE raised its stake in AmerisourceBergen Corporation (Holding Co) by 97.7% in the first quarter. Bank of America Corp DE now owns 2,482,557 shares of the company’s stock valued at $219,707,000 after buying an additional 1,227,051 shares during the last quarter. Finally, Morgan Stanley raised its stake in AmerisourceBergen Corporation (Holding Co) by 50.0% in the first quarter. Morgan Stanley now owns 2,498,525 shares of the company’s stock valued at $221,121,000 after buying an additional 832,812 shares during the last quarter. 68.87% of the stock is owned by institutional investors and hedge funds.

AmerisourceBergen Corporation (NYSE ABC) opened at 78.88 on Friday. The stock’s 50 day moving average is $91.38 and its 200 day moving average is $89.22. The company has a market cap of $17.28 billion, a P/E 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.

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

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Monday, August 21st will be issued 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 is currently 38.02%.

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ABC has been the subject of several analyst reports. Vetr raised shares of AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “strong-buy” rating and set a $97.44 price objective for the company in a research note on Tuesday, April 18th. Mizuho lifted their target price on shares of AmerisourceBergen Corporation (Holding Co) from $83.00 to $93.00 and gave the stock a “neutral” rating in a report on Tuesday, May 30th. BidaskClub upgraded shares of AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Jefferies Group LLC initiated coverage on shares of AmerisourceBergen Corporation (Holding Co) in a report on Wednesday, May 17th. They issued a “hold” rating and a $95.00 target price on the stock. Finally, Zacks Investment Research downgraded shares of AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a report on Monday, July 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $93.14.

In other AmerisourceBergen Corporation (Holding Co) 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 transaction, the chairman now directly owns 253,876 shares of the company’s stock, valued at approximately $24,057,289.76. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 27.40% of the stock is owned by company insiders.

AmerisourceBergen Corporation (Holding Co) Company Profile

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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