Montag A & Associates Inc. Trims Position in AmerisourceBergen Corporation (Holding Co) (ABC)

Montag A & Associates Inc. cut its position in shares of AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 30.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 59,336 shares of the company’s stock after selling 25,517 shares during the quarter. Montag A & Associates Inc.’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $4,910,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. First Merchants Corp raised its holdings in AmerisourceBergen Corporation (Holding Co) by 160.5% during the third quarter. First Merchants Corp now owns 27,342 shares of the company’s stock worth $2,262,000 after purchasing an additional 16,848 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in AmerisourceBergen Corporation (Holding Co) by 23.3% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,459 shares of the company’s stock worth $369,000 after purchasing an additional 842 shares during the last quarter. Wedge Capital Management L L P NC raised its holdings in AmerisourceBergen Corporation (Holding Co) by 17.3% during the third quarter. Wedge Capital Management L L P NC now owns 494,216 shares of the company’s stock worth $40,896,000 after purchasing an additional 72,743 shares during the last quarter. Achmea Investment Management B.V. raised its holdings in AmerisourceBergen Corporation (Holding Co) by 7.8% during the second quarter. Achmea Investment Management B.V. now owns 29,338 shares of the company’s stock worth $2,770,000 after purchasing an additional 2,123 shares during the last quarter. Finally, Burgundy Asset Management Ltd. raised its holdings in AmerisourceBergen Corporation (Holding Co) by 3.3% during the second quarter. Burgundy Asset Management Ltd. now owns 2,649,123 shares of the company’s stock worth $250,422,000 after purchasing an additional 84,163 shares during the last quarter. 66.84% of the stock is owned by hedge funds and other institutional investors.

Shares of AmerisourceBergen Corporation (NYSE ABC) traded up $0.40 during trading hours on Tuesday, hitting $75.40. The stock had a trading volume of 2,892,600 shares, compared to its average volume of 1,784,590. The stock has a market capitalization of $16,433.32, a P/E ratio of 12.73, a P/E/G ratio of 1.31 and a beta of 0.95. 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 twelve month low of $71.90 and a twelve month high of $97.85.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $1.33 EPS for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.01. The business 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%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.30 earnings per share. research analysts forecast that AmerisourceBergen Corporation will post 6.04 earnings per share for the current year.

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

Several brokerages recently issued reports on ABC. Robert W. Baird reaffirmed a “buy” rating and set a $96.00 price objective on shares of AmerisourceBergen Corporation (Holding Co) in a report on Monday, November 6th. Needham & Company LLC reduced their price objective on AmerisourceBergen Corporation (Holding Co) from $93.00 to $86.00 and set a “buy” rating for the company in a report on Monday, November 6th. ValuEngine raised AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “buy” rating in a report on Tuesday, October 31st. Jefferies Group LLC set a $85.00 price target on AmerisourceBergen Corporation (Holding Co) and gave the stock a “hold” rating in a research report on Sunday, October 29th. Finally, Mizuho set a $92.00 price target on AmerisourceBergen Corporation (Holding Co) and gave the stock a “hold” rating in a research report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $90.94.

In other AmerisourceBergen Corporation (Holding Co) news, insider Gina Clark sold 1,273 shares of the business’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $80.94, for a total transaction of $103,036.62. Following the completion of the sale, the insider now owns 10,830 shares of the company’s stock, valued at $876,580.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Peyton R. Howell sold 3,000 shares of the business’s stock in a transaction dated 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 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. In the last ninety days, insiders sold 118,627 shares of company stock valued at $9,282,256. Company insiders own 27.40% of the company’s stock.

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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.

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

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