AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) Shares Sold by Private Bank & Trust Co.

Private Bank & Trust Co. reduced its stake in shares of AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 1.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,150 shares of the company’s stock after selling 150 shares during the period. Private Bank & Trust Co.’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $865,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in AmerisourceBergen Corporation (Holding Co) during the fourth quarter valued at $423,000. Hennessy Advisors Inc. bought a new stake in AmerisourceBergen Corporation (Holding Co) during the first quarter valued at approximately $2,036,000. Hefty Wealth Partners bought a new stake in AmerisourceBergen Corporation (Holding Co) during the first quarter valued at approximately $1,072,000. Donald L. Hagan LLC boosted its stake in AmerisourceBergen Corporation (Holding Co) by 8.5% in the first quarter. Donald L. Hagan LLC now owns 14,499 shares of the company’s stock valued at $1,283,000 after buying an additional 1,132 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp boosted its stake in AmerisourceBergen Corporation (Holding Co) by 20.6% in the first quarter. OMERS ADMINISTRATION Corp now owns 1,560,620 shares of the company’s stock valued at $138,115,000 after buying an additional 266,670 shares in the last quarter. Institutional investors and hedge funds own 68.81% of the company’s stock.

AmerisourceBergen Corporation (ABC) traded down 1.68% on Friday, reaching $78.60. The company had a trading volume of 2,091,927 shares. AmerisourceBergen Corporation has a 52-week low of $68.38 and a 52-week high of $97.85. The firm has a market capitalization of $17.22 billion, a price-to-earnings ratio of 20.48 and a beta of 0.91. The stock’s 50-day moving average price is $88.60 and its 200 day moving average price is $89.03.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $38.71 billion during the quarter, compared to the consensus estimate of $39.13 billion. During the same period in the prior year, the firm earned $1.37 EPS. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities analysts anticipate that AmerisourceBergen Corporation will post $5.88 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Monday, August 21st will be issued a $0.365 dividend. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $1.46 annualized dividend and a yield of 1.86%. AmerisourceBergen Corporation (Holding Co)’s dividend payout ratio is currently 38.02%.

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Several equities research analysts recently commented on the company. Leerink Swann set a $90.00 price target on AmerisourceBergen Corporation (Holding Co) and gave the company a “buy” rating in a report on Monday, August 7th. BidaskClub cut AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. TheStreet cut AmerisourceBergen Corporation (Holding Co) from a “b” rating to a “c+” rating in a research note on Thursday, August 3rd. Zacks Investment Research raised AmerisourceBergen Corporation (Holding Co) from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Finally, UBS AG cut their target price on AmerisourceBergen Corporation (Holding Co) from $94.00 to $87.00 and set a “neutral” rating for the company in a research note on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. AmerisourceBergen Corporation (Holding Co) presently has an average rating of “Hold” and a consensus target price of $93.14.

In other AmerisourceBergen Corporation (Holding Co) news, insider Gina Clark sold 1,273 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $80.94, for a total value of $103,036.62. Following the completion of the transaction, the insider now directly owns 10,830 shares of the company’s stock, valued at approximately $876,580.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Steven H. Collis sold 15,000 shares of the company’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 completion of the transaction, the chairman now directly owns 253,876 shares of the company’s stock, valued at $23,288,045.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,273 shares of company stock valued at $4,500,387. 27.40% of the stock is owned by 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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