FIL Ltd Invests $269.04 Million in AmerisourceBergen Corporation (Holding Co) (ABC)

FIL Ltd purchased a new position in AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,040,025 shares of the company’s stock, valued at approximately $269,043,000.

Other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of AmerisourceBergen Corporation (Holding Co) by 39.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 578,759 shares of the company’s stock worth $45,257,000 after buying an additional 164,877 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of AmerisourceBergen Corporation (Holding Co) during the fourth quarter worth $423,000. Baupost Group LLC MA acquired a new stake in AmerisourceBergen Corporation (Holding Co) during the fourth quarter worth about $39,288,000. Hennessy Advisors Inc. acquired a new stake in AmerisourceBergen Corporation (Holding Co) during the first quarter worth about $2,036,000. Finally, Hefty Wealth Partners acquired a new stake in AmerisourceBergen Corporation (Holding Co) during the first quarter worth about $1,072,000. Institutional investors and hedge funds own 69.09% of the company’s stock.

AmerisourceBergen Corporation (ABC) traded down 0.27% on Monday, hitting $92.71. 1,017,656 shares of the stock were exchanged. The stock’s 50 day moving average price is $92.12 and its 200 day moving average price is $87.40. The firm has a market cap of $20.24 billion, a PE ratio of 17.99 and a beta of 0.91. AmerisourceBergen Corporation has a 52-week low of $68.38 and a 52-week high of $97.85.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last issued its quarterly earnings results on Thursday, May 4th. The company reported $1.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.09. The company had revenue of $37.15 billion for the quarter, compared to analyst estimates of $38.07 billion. AmerisourceBergen Corporation (Holding Co) had a net margin of 0.77% and a return on equity of 60.21%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.68 earnings per share. Equities research analysts forecast that AmerisourceBergen Corporation will post $5.86 earnings per share for the current year.

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A number of research firms recently issued reports on ABC. Bank of America Corporation downgraded shares of AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “neutral” rating and decreased their price target for the company from $95.76 to $94.00 in a research note on Friday, June 30th. Needham & Company LLC started coverage on shares of AmerisourceBergen Corporation (Holding Co) in a research note on Tuesday, April 4th. They issued a “buy” rating and a $99.00 target price on the stock. Vetr downgraded shares of AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “hold” rating and set a $90.84 target price on the stock. in a research note on Thursday, April 6th. Jefferies Group LLC reissued a “hold” rating and issued a $95.00 target price on shares of AmerisourceBergen Corporation (Holding Co) in a research note on Wednesday, June 21st. Finally, BidaskClub raised shares of AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. AmerisourceBergen Corporation (Holding Co) has an average rating of “Buy” and an average price target of $94.50.

In other AmerisourceBergen Corporation (Holding Co) news, Chairman Steven H. Collis sold 15,000 shares of the business’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $91.73, for a total transaction of $1,375,950.00. Following the sale, the chairman now directly owns 253,876 shares in the company, valued at $23,288,045.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 45,000 shares of company stock worth $4,027,050 over the last quarter. Insiders own 27.40% of the company’s stock.

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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