ProShare Advisors LLC grew its position in shares of AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 1.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,783 shares of the company’s stock after buying an additional 482 shares during the period. ProShare Advisors LLC’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $3,477,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ABC. Parallel Advisors LLC lifted its position in shares of AmerisourceBergen Corporation (Holding Co) by 3.2% during the 2nd quarter. Parallel Advisors LLC now owns 1,109 shares of the company’s stock valued at $104,000 after buying an additional 34 shares during the last quarter. Point72 Asia Hong Kong Ltd purchased a new position in shares of AmerisourceBergen Corporation (Holding Co) during the 1st quarter valued at $105,000. American Beacon Advisors Inc. purchased a new position in shares of AmerisourceBergen Corporation (Holding Co) during the 1st quarter valued at $108,000. SRS Capital Advisors Inc. lifted its position in shares of AmerisourceBergen Corporation (Holding Co) by 0.3% during the 1st quarter. SRS Capital Advisors Inc. now owns 1,235 shares of the company’s stock valued at $109,000 after buying an additional 4 shares during the last quarter. Finally, ClariVest Asset Management LLC purchased a new position in shares of AmerisourceBergen Corporation (Holding Co) during the 1st quarter valued at $143,000. 67.64% of the stock is currently owned by hedge funds and other institutional investors.

ABC has been the topic of a number of recent research reports. 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, August 7th. BidaskClub raised AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Credit Suisse Group reaffirmed a “buy” rating and set a $95.00 price target on shares of AmerisourceBergen Corporation (Holding Co) in a research report on Thursday, July 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $91.00 price target on shares of AmerisourceBergen Corporation (Holding Co) in a research report on Sunday, September 10th. Finally, TheStreet cut AmerisourceBergen Corporation (Holding Co) from a “b” rating to a “c+” rating in a research report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. AmerisourceBergen Corporation (Holding Co) currently has an average rating of “Hold” and a consensus price target of $91.86.

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 stock was sold at an average price of $94.76, for a total transaction of $1,421,400.00. Following the sale, the chairman now directly owns 253,876 shares of the company’s stock, valued at $24,057,289.76. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Tim G. Guttman sold 11,600 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $79.47, for a total value of $921,852.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 62,873 shares of company stock worth $5,245,089. Insiders own 27.40% of the company’s stock.

AmerisourceBergen Corporation (ABC) opened at 81.05 on Friday. The firm has a 50-day moving average price of $80.95 and a 200-day moving average price of $87.43. The company has a market capitalization of $17.76 billion, a price-to-earnings ratio of 21.12 and a beta of 0.95. AmerisourceBergen Corporation has a 52 week low of $68.38 and a 52 week 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 EPS for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.06. The business had revenue of $38.71 billion for the quarter, compared to analysts’ expectations of $39.13 billion. AmerisourceBergen Corporation (Holding Co) had a return on equity of 56.07% and a net margin of 0.56%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm earned $1.37 earnings per share. Analysts anticipate that AmerisourceBergen Corporation will post $5.88 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Monday, August 21st were issued a dividend of $0.365 per share. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $1.46 dividend on an annualized basis and a yield of 1.80%. AmerisourceBergen Corporation (Holding Co)’s dividend payout ratio is presently 38.02%.

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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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