AmerisourceBergen Corporation (Holding Co) (ABC) Position Held by Foster & Motley Inc.

Foster & Motley Inc. held its position in shares of AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,717 shares of the company’s stock at the end of the second quarter. Foster & Motley Inc.’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $540,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of ABC. SRS Capital Advisors Inc. boosted its position in shares of AmerisourceBergen Corporation (Holding Co) by 0.3% in the first 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 period. Bollard Group LLC boosted its position in shares of AmerisourceBergen Corporation (Holding Co) by 0.4% in the first quarter. Bollard Group LLC now owns 2,912 shares of the company’s stock valued at $258,000 after buying an additional 11 shares during the period. Jaffetilchin Investment Partners LLC boosted its position in shares of AmerisourceBergen Corporation (Holding Co) by 0.4% in the first quarter. Jaffetilchin Investment Partners LLC now owns 5,106 shares of the company’s stock valued at $452,000 after buying an additional 19 shares during the period. Reinhart Partners Inc. boosted its position in shares of AmerisourceBergen Corporation (Holding Co) by 0.6% in the first quarter. Reinhart Partners Inc. now owns 4,040 shares of the company’s stock valued at $358,000 after buying an additional 25 shares during the period. Finally, Park National Corp OH boosted its position in shares of AmerisourceBergen Corporation (Holding Co) by 0.7% in the first quarter. Park National Corp OH now owns 4,029 shares of the company’s stock valued at $357,000 after buying an additional 29 shares during the period. Institutional investors and hedge funds own 68.87% of the company’s stock.

Shares of AmerisourceBergen Corporation (ABC) opened at 80.02 on Friday. The company has a 50-day moving average price of $90.91 and a 200 day moving average price of $89.18. AmerisourceBergen Corporation has a one year low of $68.38 and a one year high of $97.85. The stock has a market cap of $17.53 billion, a price-to-earnings ratio of 20.85 and a beta of 0.91.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last posted its earnings results on Thursday, August 3rd. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $38.71 billion for the quarter, compared to the consensus estimate of $39.13 billion. During the same quarter in the prior year, the company earned $1.37 earnings per share. AmerisourceBergen Corporation (Holding Co)’s revenue was up 4.9% on a year-over-year basis. Equities research analysts expect that AmerisourceBergen Corporation will post $5.88 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Monday, August 21st will be issued a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date is Thursday, August 17th. AmerisourceBergen Corporation (Holding Co)’s dividend payout ratio is 38.02%.

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Several brokerages have weighed in on ABC. Bank of America Corporation cut AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $95.76 to $94.00 in a research note on Friday, June 30th. Zacks Investment Research upgraded AmerisourceBergen Corporation (Holding Co) from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Jefferies Group LLC restated a “hold” rating and set a $95.00 price objective on shares of AmerisourceBergen Corporation (Holding Co) in a research note on Wednesday, June 21st. Leerink Swann set a $90.00 price objective on AmerisourceBergen Corporation (Holding Co) and gave the company a “buy” rating in a research note on Monday, August 7th. Finally, Vetr upgraded AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “strong-buy” rating and set a $97.44 target price on the stock in a research note on Wednesday, May 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $93.14.

In other AmerisourceBergen Corporation (Holding Co) news, Chairman Steven H. Collis sold 15,000 shares of the 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 transaction, the chairman now owns 253,876 shares of the company’s stock, valued at $24,057,289.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 27.40% of the stock is currently owned by corporate insiders.

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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