Boston Advisors LLC held its position in AmerisourceBergen Corp. (NYSE:ABC) during the second quarter, Holdings Channel reports. The firm owned 16,150 shares of the company’s stock at the end of the second quarter. Boston Advisors LLC’s holdings in AmerisourceBergen Corp. were worth $1,281,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Commonwealth Equity Services Inc raised its position in shares of AmerisourceBergen Corp. by 84.8% in the first quarter. Commonwealth Equity Services Inc now owns 23,908 shares of the company’s stock worth $2,069,000 after buying an additional 10,973 shares during the last quarter. Mckinley Capital Management LLC Delaware raised its position in shares of AmerisourceBergen Corp. by 1.7% in the first quarter. Mckinley Capital Management LLC Delaware now owns 101,709 shares of the company’s stock worth $8,803,000 after buying an additional 1,687 shares during the last quarter. BlackRock Group LTD raised its position in shares of AmerisourceBergen Corp. by 2.2% in the first quarter. BlackRock Group LTD now owns 2,731,104 shares of the company’s stock worth $236,377,000 after buying an additional 58,866 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of AmerisourceBergen Corp. by 6.3% in the first quarter. BlackRock Fund Advisors now owns 4,497,493 shares of the company’s stock worth $389,258,000 after buying an additional 265,727 shares during the last quarter. Finally, BlackRock Japan Co. Ltd raised its position in shares of AmerisourceBergen Corp. by 4.0% in the first quarter. BlackRock Japan Co. Ltd now owns 448,731 shares of the company’s stock worth $38,838,000 after buying an additional 17,154 shares during the last quarter. 66.19% of the stock is currently owned by institutional investors and hedge funds.
AmerisourceBergen Corp. (NYSE:ABC) traded down 0.58% during trading on Friday, hitting $80.78. 3,001,798 shares of the company’s stock traded hands. AmerisourceBergen Corp. has a 52-week low of $73.31 and a 52-week high of $105.81. The company has a market cap of $17.35 billion, a PE ratio of 10.90 and a beta of 0.75. The company’s 50 day moving average price is $85.85 and its 200 day moving average price is $83.29.
AmerisourceBergen Corp. (NYSE:ABC) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.10. AmerisourceBergen Corp. had a return on equity of 83.93% and a net margin of 1.14%. The business had revenue of $36.90 billion for the quarter, compared to analysts’ expectations of $36.57 billion. During the same period last year, the business earned $1.20 EPS. The business’s revenue was up 7.8% on a year-over-year basis. Analysts expect that AmerisourceBergen Corp. will post $5.55 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 6th. Shareholders of record on Monday, August 22nd were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend was Thursday, August 18th. AmerisourceBergen Corp.’s dividend payout ratio (DPR) is presently 18.73%.
ABC has been the topic of a number of research reports. Argus reaffirmed a “buy” rating on shares of AmerisourceBergen Corp. in a research note on Saturday, June 4th. Bank of America Corp. reaffirmed a “neutral” rating on shares of AmerisourceBergen Corp. in a research note on Tuesday, June 7th. Zacks Investment Research raised shares of AmerisourceBergen Corp. from a “sell” rating to a “hold” rating and set a $94.00 price target on the stock in a research note on Monday, July 11th. Evercore ISI reaffirmed a “hold” rating and issued a $93.50 price target on shares of AmerisourceBergen Corp. in a research note on Tuesday, August 2nd. Finally, FBR & Co lifted their price target on shares of AmerisourceBergen Corp. from $84.00 to $90.00 and gave the company a “mkt perform” rating in a research note on Wednesday, August 3rd. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $97.50.
In other AmerisourceBergen Corp. news, Director Henry Wadsworth Mcgee III sold 3,351 shares of the firm’s stock in a transaction on Wednesday, September 21st. The stock was sold at an average price of $82.10, for a total transaction of $275,117.10. Following the transaction, the director now directly owns 10,901 shares in the company, valued at approximately $894,972.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lon R. Greenberg acquired 4,000 shares of the company’s stock in a transaction on Tuesday, August 9th. The shares were bought at an average price of $88.59 per share, for a total transaction of $354,360.00. Following the completion of the purchase, the director now owns 9,500 shares in the company, valued at approximately $841,605. The disclosure for this purchase can be found here. Company insiders own 6.90% of the company’s stock.
AmerisourceBergen Corp. Company Profile
AmerisourceBergen Corporation is a pharmaceutical sourcing and distribution services company. The Company operates through two segments: Pharmaceutical Distribution and Other. The Company also provides data and other services to its manufacturing customers. The Company provides services to healthcare providers, and pharmaceutical and biotech manufacturers.
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