Caisse DE Depot ET Placement DU Quebec lessened its position in AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 52.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 107,368 shares of the company’s stock after selling 117,700 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in AmerisourceBergen were worth $8,922,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC raised its holdings in AmerisourceBergen by 3.2% in 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. Sun Life Financial INC grew its position in AmerisourceBergen by 15,000.0% in the 2nd quarter. Sun Life Financial INC now owns 1,208 shares of the company’s stock valued at $114,000 after purchasing an additional 1,200 shares during the period. D.A. Davidson & CO. boosted its holdings in AmerisourceBergen by 29.0% during the 2nd quarter. D.A. Davidson & CO. now owns 1,668 shares of the company’s stock worth $157,000 after acquiring an additional 375 shares during the last quarter. Intl Fcstone Inc. purchased a new position in AmerisourceBergen during the 2nd quarter worth $201,000. Finally, Pinnacle Associates Ltd. purchased a new position in AmerisourceBergen during the 2nd quarter worth $203,000. Institutional investors own 67.83% of the company’s stock.
In other AmerisourceBergen news, insider Peyton R. Howell sold 3,000 shares of the stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $86.20, for a total transaction of $258,600.00. Following the sale, the insider now directly owns 49,189 shares in the company, valued at $4,240,091.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Steven H. Collis sold 21,350 shares of AmerisourceBergen stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $76.94, for a total transaction of $1,642,669.00. Following the sale, the chairman now owns 260,226 shares in the company, valued at $20,021,788.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 168,407 shares of company stock valued at $13,569,358. Insiders own 27.40% of the company’s stock.
AmerisourceBergen Corporation (NYSE ABC) opened at $85.93 on Friday. The stock has a market capitalization of $18,752.87, a price-to-earnings ratio of 14.60, a P/E/G ratio of 1.49 and a beta of 1.00. AmerisourceBergen Corporation has a fifty-two week low of $71.90 and a fifty-two week high of $97.85. The company has a quick ratio of 0.48, a current ratio of 0.91 and a debt-to-equity ratio of 1.83.
AmerisourceBergen (NYSE:ABC) last posted its earnings results on Thursday, November 2nd. The company reported $1.33 EPS for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.01. AmerisourceBergen had a return on equity of 56.29% and a net margin of 0.27%. The business had revenue of $39.12 billion for the quarter, compared to analysts’ expectations of $40.10 billion. During the same quarter in the previous year, the firm earned $1.30 earnings per share. The business’s revenue was up 4.2% compared to the same quarter last year. research analysts anticipate that AmerisourceBergen Corporation will post 6.07 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 4th. Stockholders of record on Monday, November 20th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.77%. This is an increase from AmerisourceBergen’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Friday, November 17th. AmerisourceBergen’s dividend payout ratio is presently 82.16%.
ABC has been the topic of a number of research reports. Cowen upgraded AmerisourceBergen from a “market perform” rating to an “outperform” rating in a research note on Tuesday, October 10th. Jefferies Group set a $85.00 price objective on AmerisourceBergen and gave the company a “hold” rating in a research note on Sunday, October 29th. Zacks Investment Research downgraded AmerisourceBergen from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Robert W. Baird set a $99.00 price objective on AmerisourceBergen and gave the stock a “buy” rating in a report on Friday, December 1st. Finally, Morgan Stanley downgraded AmerisourceBergen from an “overweight” rating to an “equal weight” rating in a report on Thursday, September 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. AmerisourceBergen currently has an average rating of “Buy” and a consensus target price of $91.95.
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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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