Donaldson Capital Management LLC Trims Stake in AmerisourceBergen Corporation (Holding Co) (ABC)

Donaldson Capital Management LLC reduced its holdings in shares of AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 9.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,656 shares of the company’s stock after selling 2,007 shares during the quarter. Donaldson Capital Management LLC’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $1,627,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Matthew Goff Investment Advisor LLC lifted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 21.8% during the 3rd quarter. Matthew Goff Investment Advisor LLC now owns 18,828 shares of the company’s stock valued at $1,558,000 after buying an additional 3,366 shares in the last quarter. Macquarie Group Ltd. lifted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 4.4% during the 3rd quarter. Macquarie Group Ltd. now owns 21,214 shares of the company’s stock valued at $1,754,000 after buying an additional 894 shares in the last quarter. Vaughan David Investments Inc. IL lifted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 5.7% during the 3rd quarter. Vaughan David Investments Inc. IL now owns 178,883 shares of the company’s stock valued at $14,803,000 after buying an additional 9,575 shares in the last quarter. Commonwealth Equity Services Inc lifted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 5.9% during the 3rd quarter. Commonwealth Equity Services Inc now owns 46,135 shares of the company’s stock valued at $3,817,000 after buying an additional 2,565 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 20.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 32,905 shares of the company’s stock valued at $2,723,000 after buying an additional 5,638 shares in the last quarter. Institutional investors own 66.84% of the company’s stock.

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A number of analysts recently commented on the stock. Robert W. Baird restated a “buy” rating and set a $96.00 price target on shares of AmerisourceBergen Corporation (Holding Co) in a research note on Monday, November 6th. Needham & Company LLC dropped their price target on shares of AmerisourceBergen Corporation (Holding Co) from $93.00 to $86.00 and set a “buy” rating on the stock in a research note on Monday, November 6th. ValuEngine upgraded shares of AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st. Jefferies Group LLC set a $85.00 price target on shares of AmerisourceBergen Corporation (Holding Co) and gave the company a “hold” rating in a research note on Sunday, October 29th. Finally, Mizuho set a $92.00 target price on shares of AmerisourceBergen Corporation (Holding Co) and gave the stock a “hold” rating in a research note on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. AmerisourceBergen Corporation (Holding Co) currently has a consensus rating of “Hold” and a consensus target price of $90.94.

In other AmerisourceBergen Corporation (Holding Co) news, EVP Peyton R. Howell sold 3,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $74.87, for a total value of $224,610.00. Following the sale, the executive vice president now owns 38,335 shares of the company’s stock, valued at approximately $2,870,141.45. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Dale Danilewitz sold 2,012 shares of the firm’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $85.00, for a total transaction of $171,020.00. The disclosure for this sale can be found here. In the last three months, insiders sold 99,211 shares of company stock worth $7,717,919. Insiders own 27.40% of the company’s stock.

AmerisourceBergen Corporation (NYSE ABC) traded up $2.78 during mid-day trading on Friday, hitting $80.31. 2,986,800 shares of the company traded hands, compared to its average volume of 1,794,623. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.48 and a current ratio of 0.91. AmerisourceBergen Corporation has a 52 week low of $71.90 and a 52 week high of $97.85. The company has a market cap of $17,100.00, a price-to-earnings ratio of 13.16, a P/E/G ratio of 1.35 and a beta of 0.95.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last released its earnings results on Thursday, November 2nd. The company reported $1.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.01. AmerisourceBergen Corporation (Holding Co) had a net margin of 0.27% and a return on equity of 55.99%. The company had revenue of $39.12 billion for the quarter, compared to analyst estimates of $40.10 billion. During the same quarter last year, the firm earned $1.30 EPS. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. equities analysts predict that AmerisourceBergen Corporation will post 6.04 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Monday, November 20th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Friday, November 17th. This is a positive change from AmerisourceBergen Corporation (Holding Co)’s previous quarterly dividend of $0.37. AmerisourceBergen Corporation (Holding Co)’s dividend payout ratio (DPR) is 78.92%.

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.

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

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