AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) Stake Increased by Greatmark Investment Partners Inc.

Greatmark Investment Partners Inc. increased its position in AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 4.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,175 shares of the company’s stock after buying an additional 315 shares during the period. Greatmark Investment Partners Inc.’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $678,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. SRS Capital Advisors Inc. increased its stake in 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 worth $109,000 after buying an additional 4 shares during the last quarter. Bollard Group LLC increased its stake in AmerisourceBergen Corporation (Holding Co) by 0.4% in the first quarter. Bollard Group LLC now owns 2,912 shares of the company’s stock worth $258,000 after buying an additional 11 shares during the last quarter. Jaffetilchin Investment Partners LLC increased its stake in 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 worth $452,000 after buying an additional 19 shares during the last quarter. Reinhart Partners Inc. increased its stake in AmerisourceBergen Corporation (Holding Co) by 0.6% in the first quarter. Reinhart Partners Inc. now owns 4,040 shares of the company’s stock worth $358,000 after buying an additional 25 shares during the last quarter. Finally, Alpha Windward LLC increased its stake in shares of AmerisourceBergen Corporation (Holding Co) by 1.8% in the first quarter. Alpha Windward LLC now owns 2,148 shares of the company’s stock valued at $190,000 after buying an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 68.81% of the company’s stock.

AmerisourceBergen Corporation (NYSE:ABC) traded down 1.68% during trading on Friday, reaching $78.60. 2,091,927 shares of the company’s stock were exchanged. The stock has a market capitalization of $17.22 billion, a PE ratio of 20.48 and a beta of 0.91. AmerisourceBergen Corporation has a 52 week low of $68.38 and a 52 week high of $97.85. The stock has a 50-day moving average of $88.60 and a 200-day moving average of $89.03.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last released its quarterly earnings data on Thursday, August 3rd. The company reported $1.43 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $38.71 billion during the quarter, compared to analyst estimates of $39.13 billion. During the same quarter in the previous year, the firm posted $1.37 EPS. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities research analysts anticipate that AmerisourceBergen Corporation will post $5.88 EPS for the current year.

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

COPYRIGHT VIOLATION WARNING: “AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) Stake Increased by Greatmark Investment Partners Inc.” was reported by BNB Daily and is the sole property of of BNB Daily. If you are accessing this piece on another website, it was stolen and reposted in violation of U.S. and international copyright and trademark legislation. The original version of this piece can be viewed at https://www.baseball-news-blog.com/2017/08/19/greatmark-investment-partners-inc-buys-315-shares-of-amerisourcebergen-corporation-holding-co-nyseabc-updated.html.

ABC has been the topic of several recent analyst reports. Jefferies Group LLC reaffirmed a “hold” rating and issued a $95.00 price target on shares of AmerisourceBergen Corporation (Holding Co) in a research note on Wednesday, June 21st. UBS AG dropped their target price on shares of AmerisourceBergen Corporation (Holding Co) from $94.00 to $87.00 and set a “neutral” rating on the stock in a report on Friday, August 4th. BidaskClub cut shares of AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Vetr cut shares of AmerisourceBergen Corporation (Holding Co) from a “strong-buy” rating to a “buy” rating and set a $97.44 target price on the stock. in a report on Tuesday, May 9th. Finally, TheStreet cut shares of AmerisourceBergen Corporation (Holding Co) from a “b” rating to a “c+” rating in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently 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 business’s stock in a transaction on 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 transaction, the insider now owns 10,830 shares in the company, valued at approximately $876,580.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Peyton R. Howell sold 20,000 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $80.00, for a total value of $1,600,000.00. Following the transaction, the insider now owns 57,135 shares of the company’s stock, valued at approximately $4,570,800. The disclosure for this sale can be found here. Insiders have sold a total of 51,273 shares of company stock valued at $4,500,387 in the last 90 days. 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)

Receive News & Ratings for AmerisourceBergen Corporation (Holding Co) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AmerisourceBergen Corporation (Holding Co) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply