Poplar Forest Capital LLC grew its holdings in AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 89.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 387,949 shares of the company’s stock after purchasing an additional 183,101 shares during the period. AmerisourceBergen Corporation (Holding Co) makes up 3.2% of Poplar Forest Capital LLC’s investment portfolio, making the stock its 18th largest position. Poplar Forest Capital LLC owned 0.18% of AmerisourceBergen Corporation (Holding Co) worth $36,673,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in ABC. BlackRock Inc. lifted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 1,139.3% in the 1st quarter. BlackRock Inc. now owns 12,673,530 shares of the company’s stock valued at $1,121,608,000 after purchasing an additional 11,650,881 shares during the last quarter. FIL Ltd acquired a new position in shares of AmerisourceBergen Corporation (Holding Co) in the 1st quarter valued at $269,043,000. Bank of America Corp DE lifted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 97.7% in the 1st quarter. Bank of America Corp DE now owns 2,482,557 shares of the company’s stock valued at $219,707,000 after purchasing an additional 1,227,051 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 42.9% in the 2nd quarter. Wells Fargo & Company MN now owns 3,344,441 shares of the company’s stock valued at $316,149,000 after purchasing an additional 1,003,327 shares during the last quarter. Finally, Morgan Stanley lifted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 50.0% in the 1st quarter. Morgan Stanley now owns 2,498,525 shares of the company’s stock valued at $221,121,000 after purchasing an additional 832,812 shares during the last quarter. 67.67% of the stock is currently owned by institutional investors and hedge funds.

AmerisourceBergen Corporation (NYSE ABC) traded up 1.13% during trading on Friday, reaching $81.60. The company had a trading volume of 2,732,342 shares. The company has a market capitalization of $17.88 billion, a P/E ratio of 21.26 and a beta of 0.95. The firm’s 50 day moving average is $81.75 and its 200-day moving average is $87.67. 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 posted its quarterly earnings results on Thursday, August 3rd. The company reported $1.43 earnings per share (EPS) for the quarter, beating the Zacks’ 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 during the quarter, compared to the consensus estimate of $39.13 billion. During the same quarter in the previous year, the business earned $1.37 earnings per share. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities analysts expect that AmerisourceBergen Corporation will post $5.88 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Monday, August 21st were paid a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend was Thursday, August 17th. AmerisourceBergen Corporation (Holding Co)’s dividend payout ratio is presently 38.02%.

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Several equities analysts have recently commented on the company. Morgan Stanley lowered AmerisourceBergen Corporation (Holding Co) from an “overweight” rating to an “equal weight” rating in a research note on Thursday. Needham & Company LLC reaffirmed a “buy” rating and issued a $91.00 price target on shares of AmerisourceBergen Corporation (Holding Co) in a research note on Sunday, September 10th. ValuEngine lowered AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Jefferies Group LLC set a $95.00 price target on AmerisourceBergen Corporation (Holding Co) and gave the company a “hold” rating in a research note on Tuesday, August 29th. Finally, Leerink Swann set a $90.00 price target on AmerisourceBergen Corporation (Holding Co) and gave the company a “buy” rating in a research note on Monday, August 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $92.34.

In other AmerisourceBergen Corporation (Holding Co) news, insider Gina Clark sold 1,273 shares of the business’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $80.94, for a total transaction of $103,036.62. Following the transaction, the insider now owns 10,830 shares in the company, valued at $876,580.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Steven H. Collis sold 15,000 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $94.76, for a total value of $1,421,400.00. Following the transaction, the chairman now owns 253,876 shares in the company, valued at approximately $24,057,289.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,273 shares of company stock worth $4,323,237. 27.40% of the stock is currently owned by insiders.

AmerisourceBergen Corporation (Holding Co) 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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