AmerisourceBergen Corp. (ABC) Shares Sold by United Services Automobile Association

United Services Automobile Association decreased its position in shares of AmerisourceBergen Corp. (NYSE:ABC) by 11.5% during the 4th quarter, HoldingsChannel reports. The fund owned 110,431 shares of the company’s stock after selling 14,409 shares during the period. United Services Automobile Association’s holdings in AmerisourceBergen were worth $8,216,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ABC. Oregon Public Employees Retirement Fund boosted its stake in shares of AmerisourceBergen by 6,614.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,448,589 shares of the company’s stock worth $46,000 after acquiring an additional 3,397,228 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of AmerisourceBergen by 396.8% during the 4th quarter. Victory Capital Management Inc. now owns 2,406,821 shares of the company’s stock worth $179,068,000 after acquiring an additional 1,922,395 shares in the last quarter. Baupost Group LLC MA boosted its stake in shares of AmerisourceBergen by 46.8% during the 3rd quarter. Baupost Group LLC MA now owns 2,751,056 shares of the company’s stock worth $253,702,000 after acquiring an additional 877,491 shares in the last quarter. Boston Partners purchased a new stake in shares of AmerisourceBergen during the 4th quarter worth approximately $54,076,000. Finally, BlackRock Inc. lifted its stake in AmerisourceBergen by 4.3% in the 3rd quarter. BlackRock Inc. now owns 13,324,749 shares of the company’s stock valued at $1,228,809,000 after buying an additional 548,296 shares in the last quarter. 66.29% of the stock is currently owned by institutional investors and hedge funds.

In other AmerisourceBergen news, CEO Steven H. Collis sold 21,350 shares of the stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $73.96, for a total transaction of $1,579,046.00. Following the transaction, the chief executive officer now owns 155,929 shares of the company’s stock, valued at approximately $11,532,508.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Steven H. Collis sold 21,344 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $83.62, for a total value of $1,784,785.28. Following the transaction, the chief executive officer now directly owns 155,923 shares in the company, valued at approximately $13,038,281.26. The disclosure for this sale can be found here. In the last three months, insiders have sold 109,862 shares of company stock worth $8,934,873. Corporate insiders own 27.80% of the company’s stock.

A number of equities research analysts recently issued reports on ABC shares. Zacks Investment Research lowered AmerisourceBergen from a “hold” rating to a “sell” rating in a research note on Thursday, December 13th. ValuEngine raised AmerisourceBergen from a “sell” rating to a “hold” rating in a research note on Thursday, January 31st. UBS Group started coverage on AmerisourceBergen in a research note on Thursday, January 17th. They issued a “buy” rating and a $89.00 target price on the stock. TheStreet raised AmerisourceBergen from a “c+” rating to a “b” rating in a research note on Tuesday, February 19th. Finally, Royal Bank of Canada reduced their target price on AmerisourceBergen from $90.00 to $87.00 and set a “hold” rating on the stock in a research note on Friday, November 30th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. AmerisourceBergen has a consensus rating of “Hold” and a consensus price target of $88.33.

ABC stock opened at $80.18 on Friday. AmerisourceBergen Corp. has a 1 year low of $69.36 and a 1 year high of $98.23. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.53 and a current ratio of 0.94. The company has a market capitalization of $16.78 billion, a P/E ratio of 12.35, a P/E/G ratio of 1.45 and a beta of 1.13.

AmerisourceBergen (NYSE:ABC) last posted its earnings results on Thursday, January 31st. The company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.10. AmerisourceBergen had a return on equity of 44.53% and a net margin of 0.69%. The firm had revenue of $45.39 billion for the quarter, compared to analyst estimates of $43.52 billion. Analysts expect that AmerisourceBergen Corp. will post 6.75 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Tuesday, February 19th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date was Friday, February 15th. AmerisourceBergen’s dividend payout ratio is presently 24.65%.

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About AmerisourceBergen

AmerisourceBergen Corporation sources and distributes pharmaceutical products in the United States and internationally. Its Pharmaceutical Distribution segment distributes brand-name and generic pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, outsourced compounded sterile preparations, and related services to various healthcare providers, including acute care hospitals and health systems, independent and chain retail pharmacies, mail order pharmacies, medical clinics, long-term care and other alternate site pharmacies, and other customers.

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Institutional Ownership by Quarter for AmerisourceBergen (NYSE:ABC)

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