AmerisourceBergen Corporation (Holding Co) (ABC) Shares Bought by Candriam Luxembourg S.C.A.

Candriam Luxembourg S.C.A. boosted its stake in shares of AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 15.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,798 shares of the company’s stock after buying an additional 4,279 shares during the period. Candriam Luxembourg S.C.A.’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $3,006,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Private Bank & Trust Co. increased its position in AmerisourceBergen Corporation (Holding Co) by 8.8% in the first quarter. Private Bank & Trust Co. now owns 9,300 shares of the company’s stock valued at $823,000 after buying an additional 750 shares during the last quarter. Alpha Windward LLC increased its position in 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 during the last quarter. Private Trust Co. NA purchased a new position in AmerisourceBergen Corporation (Holding Co) during the first quarter valued at approximately $596,000. TNB Financial purchased a new position in AmerisourceBergen Corporation (Holding Co) during the first quarter valued at approximately $2,619,000. Finally, Beutel Goodman & Co Ltd. purchased a new position in AmerisourceBergen Corporation (Holding Co) during the first quarter valued at approximately $100,455,000. 68.81% of the stock is currently owned by institutional investors.

AmerisourceBergen Corporation (ABC) traded down 1.68% during midday trading on Friday, reaching $78.60. The company’s stock had a trading volume of 2,091,927 shares. The stock has a 50-day moving average price of $88.60 and a 200 day moving average price of $89.03. AmerisourceBergen Corporation has a 12 month low of $68.38 and a 12 month high of $97.85. The company has a market cap of $17.22 billion, a PE ratio of 20.48 and a beta of 0.91.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $1.43 earnings per share (EPS) for the quarter, topping 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 company had revenue of $38.71 billion during the quarter, compared to the consensus estimate of $39.13 billion. During the same period in the previous year, the firm posted $1.37 EPS. The firm’s revenue was up 4.9% compared to the same quarter last year. Analysts expect that AmerisourceBergen Corporation will post $5.88 earnings per share for the current fiscal year.

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

ILLEGAL ACTIVITY NOTICE: “AmerisourceBergen Corporation (Holding Co) (ABC) Shares Bought by Candriam Luxembourg S.C.A.” was reported by BNB Daily and is owned by of BNB Daily. If you are reading this story on another publication, it was illegally stolen and reposted in violation of international copyright and trademark law. The correct version of this story can be viewed at https://www.baseball-news-blog.com/2017/08/20/amerisourcebergen-corporation-holding-co-abc-position-boosted-by-candriam-luxembourg-s-c-a-updated.html.

Several equities research analysts recently issued reports on the company. Bank of America Corporation cut AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “neutral” rating and cut their price target for the company from $95.76 to $94.00 in a research note on Friday, June 30th. Jefferies Group LLC reiterated 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. Zacks Investment Research cut AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a research note on Monday, July 10th. Credit Suisse Group reiterated a “buy” rating and issued a $95.00 price target on shares of AmerisourceBergen Corporation (Holding Co) in a research note on Thursday, July 13th. Finally, BidaskClub cut AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $93.14.

In other news, Chairman Steven H. Collis sold 15,000 shares of AmerisourceBergen Corporation (Holding Co) stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $94.76, for a total transaction of $1,421,400.00. Following the completion of the sale, the chairman now directly owns 253,876 shares of the company’s stock, valued at approximately $24,057,289.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 transaction of $1,600,000.00. Following the completion of the sale, the insider now directly owns 57,135 shares of the company’s stock, valued at $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 over the last ninety days. 27.40% of the stock is currently owned by 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)

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