Nordea Investment Management AB reduced its holdings in AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 1.4% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 224,306 shares of the company’s stock after selling 3,293 shares during the quarter. Nordea Investment Management AB owned 0.10% of AmerisourceBergen Corporation (Holding Co) worth $21,204,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its stake in AmerisourceBergen Corporation (Holding Co) by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 15,653,245 shares of the company’s stock worth $1,479,701,000 after acquiring an additional 304,628 shares during the last quarter. BlackRock Inc. increased its stake in 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 worth $1,121,608,000 after acquiring an additional 11,650,881 shares during the last quarter. Fiduciary Management Inc. WI increased its stake in AmerisourceBergen Corporation (Holding Co) by 11.2% in the 1st quarter. Fiduciary Management Inc. WI now owns 6,151,621 shares of the company’s stock worth $544,418,000 after acquiring an additional 617,723 shares during the last quarter. Franklin Resources Inc. increased its stake in AmerisourceBergen Corporation (Holding Co) by 23.1% in the 2nd quarter. Franklin Resources Inc. now owns 3,902,289 shares of the company’s stock worth $368,884,000 after acquiring an additional 731,466 shares during the last quarter. Finally, FIL Ltd increased its stake in AmerisourceBergen Corporation (Holding Co) by 14.4% in the 2nd quarter. FIL Ltd now owns 3,477,157 shares of the company’s stock worth $328,696,000 after acquiring an additional 437,132 shares during the last quarter. Institutional investors and hedge funds own 67.64% of the company’s stock.

A number of equities analysts have weighed in on ABC shares. Zacks Investment Research lowered AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a research note on Monday, July 10th. ValuEngine lowered AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Mizuho upped their target price on AmerisourceBergen Corporation (Holding Co) from $83.00 to $93.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 30th. UBS AG decreased their target price on AmerisourceBergen Corporation (Holding Co) from $94.00 to $87.00 and set a “neutral” rating on the stock in a research note on Friday, August 4th. Finally, BidaskClub upgraded AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $91.86.

In other news, Chairman Steven H. Collis sold 15,000 shares of AmerisourceBergen Corporation (Holding Co) 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 sale, the chairman now directly owns 253,876 shares of the company’s stock, valued at $24,057,289.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gina Clark sold 1,273 shares of AmerisourceBergen Corporation (Holding Co) stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $80.94, for a total value of $103,036.62. Following the completion of the sale, the insider now directly owns 10,830 shares in the company, valued at $876,580.20. The disclosure for this sale can be found here. Insiders sold 62,873 shares of company stock worth $5,245,089 over the last ninety days. Insiders own 27.40% of the company’s stock.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last issued its earnings results on Thursday, August 3rd. The company reported $1.43 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $39.13 billion. During the same period in the previous year, the firm posted $1.37 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Monday, August 21st were issued a $0.365 dividend. The ex-dividend date was Thursday, August 17th. This represents a $1.46 annualized dividend and a dividend yield of 1.80%. AmerisourceBergen Corporation (Holding Co)’s dividend payout ratio (DPR) is 38.02%.

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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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