AmerisourceBergen Corporation (Holding Co) (ABC) Stake Maintained by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D continued to hold 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 fund owned 145,000 shares of the company’s stock at the end of the second quarter. State of New Jersey Common Pension Fund D owned about 0.07% of AmerisourceBergen Corporation (Holding Co) worth $13,707,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. CAPROCK Group Inc. boosted its position in AmerisourceBergen Corporation (Holding Co) by 37.3% in the second quarter. CAPROCK Group Inc. now owns 3,571 shares of the company’s stock valued at $338,000 after buying an additional 970 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of AmerisourceBergen Corporation (Holding Co) by 20.2% in the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,617 shares of the company’s stock valued at $342,000 after buying an additional 609 shares during the period. Coronation Fund Managers Ltd. acquired a new stake in shares of AmerisourceBergen Corporation (Holding Co) during the second quarter valued at about $1,558,000. Great West Life Assurance Co. Can raised its stake in shares of AmerisourceBergen Corporation (Holding Co) by 159.8% in the second quarter. Great West Life Assurance Co. Can now owns 376,373 shares of the company’s stock valued at $35,523,000 after buying an additional 231,504 shares during the period. Finally, Smead Capital Management Inc. raised its stake in shares of AmerisourceBergen Corporation (Holding Co) by 90.5% in the second quarter. Smead Capital Management Inc. now owns 477,154 shares of the company’s stock valued at $45,105,000 after buying an additional 226,683 shares during the period. 68.81% of the stock is owned by institutional investors and hedge funds.

Shares of AmerisourceBergen Corporation (ABC) traded down 1.68% during trading on Friday, hitting $78.60. 2,091,927 shares of the company were exchanged. The firm’s 50-day moving average price is $88.60 and its 200 day moving average price is $89.03. The firm has a market capitalization of $17.22 billion, a PE ratio of 20.48 and a beta of 0.91. AmerisourceBergen Corporation has a 12 month low of $68.38 and a 12 month high of $97.85.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last released its quarterly earnings results on Thursday, August 3rd. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.06. AmerisourceBergen Corporation (Holding Co) had a net margin of 0.56% and a return on equity of 56.07%. The firm had revenue of $38.71 billion for the quarter, compared to analysts’ expectations of $39.13 billion. During the same quarter last year, the company earned $1.37 EPS. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities research analysts expect 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 paid a $0.365 dividend. The ex-dividend date of this dividend 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%.

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ABC has been the subject of several recent research reports. Jefferies Group LLC restated a “hold” rating and set a $95.00 target price on shares of AmerisourceBergen Corporation (Holding Co) in a research report on Wednesday, June 21st. UBS AG dropped their price target on shares of AmerisourceBergen Corporation (Holding Co) from $94.00 to $87.00 and set a “neutral” rating for the company in a research report on Friday, August 4th. BidaskClub lowered shares of AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Vetr lowered shares of AmerisourceBergen Corporation (Holding Co) from a “strong-buy” rating to a “buy” rating and set a $97.44 price target for the company. in a research report on Tuesday, May 9th. Finally, TheStreet lowered shares of AmerisourceBergen Corporation (Holding Co) from a “b” rating to a “c+” rating in a research report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $93.14.

In other AmerisourceBergen Corporation (Holding Co) news, insider Gina Clark sold 1,273 shares of AmerisourceBergen Corporation (Holding Co) stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $80.94, for a total transaction of $103,036.62. Following the sale, the insider now owns 10,830 shares of the company’s stock, valued at approximately $876,580.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Steven H. Collis sold 15,000 shares of AmerisourceBergen Corporation (Holding Co) stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $94.76, for a total transaction of $1,421,400.00. Following the sale, the chairman now directly owns 253,876 shares in the company, valued at approximately $24,057,289.76. The disclosure for this sale can be found here. Insiders sold a total of 51,273 shares of company stock worth $4,500,387 in the last three months. 27.40% of the stock is owned by corporate insiders.

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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