River Wealth Advisors LLC reduced its holdings in AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 2.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,288 shares of the company’s stock after selling 1,086 shares during the quarter. AmerisourceBergen Corporation (Holding Co) comprises 1.4% of River Wealth Advisors LLC’s investment portfolio, making the stock its 15th biggest holding. River Wealth Advisors LLC’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $3,003,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Advisor Group Inc. lifted its holdings in shares of AmerisourceBergen Corporation (Holding Co) by 2.0% in the 3rd quarter. Advisor Group Inc. now owns 44,951 shares of the company’s stock valued at $3,719,000 after buying an additional 894 shares during the period. Todd Asset Management LLC lifted its holdings in shares of AmerisourceBergen Corporation (Holding Co) by 86.3% in the 3rd quarter. Todd Asset Management LLC now owns 184,304 shares of the company’s stock valued at $15,251,000 after buying an additional 85,400 shares during the period. Toronto Dominion Bank lifted its holdings in shares of AmerisourceBergen Corporation (Holding Co) by 10.4% in the 3rd quarter. Toronto Dominion Bank now owns 91,003 shares of the company’s stock valued at $7,535,000 after buying an additional 8,551 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of AmerisourceBergen Corporation (Holding Co) by 4.2% in the 3rd quarter. CIBC Asset Management Inc now owns 19,474 shares of the company’s stock valued at $1,611,000 after buying an additional 782 shares during the period. Finally, Sterling Investment Advisors Ltd. lifted its holdings in shares of AmerisourceBergen Corporation (Holding Co) by 24.6% in the 3rd quarter. Sterling Investment Advisors Ltd. now owns 3,800 shares of the company’s stock valued at $314,000 after buying an additional 750 shares during the period. 66.84% of the stock is owned by institutional investors and hedge funds.

In other AmerisourceBergen Corporation (Holding Co) news, CFO Tim G. Guttman sold 11,600 shares of the firm’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $79.47, for a total transaction of $921,852.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Peyton R. Howell sold 3,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $74.87, for a total value of $224,610.00. Following the transaction, the executive vice president now directly owns 38,335 shares of the company’s stock, valued at approximately $2,870,141.45. The disclosure for this sale can be found here. Insiders have sold 118,627 shares of company stock valued at $9,282,256 in the last three months. 27.40% of the stock is currently owned by company insiders.

Shares of AmerisourceBergen Corporation (NYSE:ABC) traded up $0.40 during mid-day trading on Tuesday, reaching $75.40. The company had a trading volume of 2,892,600 shares, compared to its average volume of 1,784,590. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.48 and a current ratio of 0.91. The firm has a market capitalization of $16,433.32, a PE ratio of 12.73, a PEG ratio of 1.31 and a beta of 0.95. AmerisourceBergen Corporation has a 52-week low of $71.90 and a 52-week high of $97.85.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last released its quarterly earnings results on Thursday, November 2nd. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.01. The company had revenue of $39.12 billion during the quarter, compared to the consensus estimate of $40.10 billion. AmerisourceBergen Corporation (Holding Co) had a return on equity of 55.99% and a net margin of 0.27%. AmerisourceBergen Corporation (Holding Co)’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.30 earnings per share. sell-side analysts anticipate that AmerisourceBergen Corporation will post 6.04 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Monday, November 20th will be given a dividend of $0.38 per share. This is an increase from AmerisourceBergen Corporation (Holding Co)’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.52 annualized dividend and a yield of 2.02%. AmerisourceBergen Corporation (Holding Co)’s dividend payout ratio (DPR) is presently 78.92%.

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Several analysts have recently commented on ABC shares. BidaskClub cut AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “hold” rating in a report on Monday, July 24th. UBS AG reduced their price target on AmerisourceBergen Corporation (Holding Co) from $94.00 to $87.00 and set a “neutral” rating for the company in a report on Friday, August 4th. Zacks Investment Research raised AmerisourceBergen Corporation (Holding Co) from a “sell” rating to a “hold” rating in a report on Friday, August 4th. TheStreet cut AmerisourceBergen Corporation (Holding Co) from a “b” rating to a “c+” rating in a report on Thursday, August 3rd. Finally, Leerink Swann set a $90.00 price target on AmerisourceBergen Corporation (Holding Co) and gave the company a “buy” rating in a report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. AmerisourceBergen Corporation (Holding Co) presently has a consensus rating of “Hold” and an average target price of $90.94.

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.

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

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