New Amsterdam Partners LLC NY lowered its stake in AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 2.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,355 shares of the company’s stock after selling 713 shares during the period. New Amsterdam Partners LLC NY’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $2,397,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wedbush Securities Inc. increased its position in shares of AmerisourceBergen Corporation (Holding Co) by 11.3% in the second quarter. Wedbush Securities Inc. now owns 9,676 shares of the company’s stock valued at $915,000 after buying an additional 984 shares during the period. Sigma Planning Corp increased its position in shares of AmerisourceBergen Corporation (Holding Co) by 0.8% in the second quarter. Sigma Planning Corp now owns 14,721 shares of the company’s stock valued at $1,392,000 after buying an additional 122 shares during the period. DekaBank Deutsche Girozentrale increased its position in shares of AmerisourceBergen Corporation (Holding Co) by 29.8% in the second quarter. DekaBank Deutsche Girozentrale now owns 75,536 shares of the company’s stock valued at $7,244,000 after buying an additional 17,364 shares during the period. First Trust Advisors LP increased its position in shares of AmerisourceBergen Corporation (Holding Co) by 62.8% in the second quarter. First Trust Advisors LP now owns 256,643 shares of the company’s stock valued at $24,260,000 after buying an additional 99,003 shares during the period. Finally, Arizona State Retirement System increased its position in shares of AmerisourceBergen Corporation (Holding Co) by 0.7% in the second quarter. Arizona State Retirement System now owns 41,168 shares of the company’s stock valued at $3,892,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 68.87% of the company’s stock.

Shares of AmerisourceBergen Corporation (NYSE:ABC) opened at 80.02 on Friday. The firm has a market capitalization of $17.53 billion, a P/E ratio of 20.85 and a beta of 0.91. The company has a 50 day moving average of $90.91 and a 200-day moving average of $89.18. 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 issued its quarterly earnings results on Thursday, August 3rd. The company reported $1.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $38.71 billion for the quarter, compared to analyst estimates of $39.13 billion. During the same period in the previous year, the firm earned $1.37 earnings per share. The company’s revenue was up 4.9% compared to the same quarter last year. Analysts predict that AmerisourceBergen Corporation will post $5.88 EPS for the current year.

The firm also recently declared 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 1.82%. The ex-dividend date of this dividend is Thursday, August 17th. AmerisourceBergen Corporation (Holding Co)’s dividend payout ratio (DPR) is presently 38.02%.

TRADEMARK VIOLATION WARNING: “New Amsterdam Partners LLC NY Lowers Stake in AmerisourceBergen Corporation (Holding Co) (ABC)” was originally posted by Daily Political and is the sole property of of Daily Political. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this piece of content can be viewed at https://www.dailypolitical.com/2017/08/13/new-amsterdam-partners-llc-ny-lowers-stake-in-amerisourcebergen-corporation-holding-co-abc.html.

Several research analysts recently issued reports on the stock. Leerink Swann set a $90.00 price target on shares of AmerisourceBergen Corporation (Holding Co) and gave the stock a “buy” rating in a research report on Monday, August 7th. BidaskClub downgraded shares of AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. TheStreet downgraded shares of AmerisourceBergen Corporation (Holding Co) from a “b” rating to a “c+” rating in a research report on Thursday, August 3rd. Zacks Investment Research upgraded shares of 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 shares of AmerisourceBergen Corporation (Holding Co) from $94.00 to $87.00 and set a “neutral” rating on the stock in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, five have given 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 a consensus target price of $93.14.

In other AmerisourceBergen Corporation (Holding Co) news, Chairman Steven H. Collis sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $91.73, for a total value of $1,375,950.00. Following the transaction, the chairman now directly owns 253,876 shares of the company’s stock, valued at $23,288,045.48. The sale was disclosed in a legal filing with the SEC, which is available through this link. 27.40% of the stock is currently owned by 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.

Want to see what other hedge funds are holding ABC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AmerisourceBergen Corporation (Holding Co) (NYSE:ABC).

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

Receive News & Ratings for AmerisourceBergen Corporation (Holding Co) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AmerisourceBergen Corporation (Holding Co) and related companies with MarketBeat.com's FREE daily email newsletter.