Bremer Trust National Association Reduces Position in AmerisourceBergen Corporation (Holding Co) (ABC)

Bremer Trust National Association cut its position in shares of AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 4.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 6,223 shares of the company’s stock after selling 281 shares during the period. Bremer Trust National Association’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $589,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of AmerisourceBergen Corporation (Holding Co) by 4.0% in the first quarter. Vanguard Group Inc. now owns 15,348,617 shares of the company’s stock worth $1,358,352,000 after buying an additional 587,779 shares during the period. BlackRock Inc. raised its position in shares of AmerisourceBergen Corporation (Holding Co) by 1,139.3% in the first quarter. BlackRock Inc. now owns 12,673,530 shares of the company’s stock worth $1,121,608,000 after buying an additional 11,650,881 shares during the period. Fiduciary Management Inc. WI raised its position in shares of AmerisourceBergen Corporation (Holding Co) by 11.2% in the first quarter. Fiduciary Management Inc. WI now owns 6,151,621 shares of the company’s stock worth $544,418,000 after buying an additional 617,723 shares during the period. JPMorgan Chase & Co. raised its position in shares of AmerisourceBergen Corporation (Holding Co) by 10.4% in the first quarter. JPMorgan Chase & Co. now owns 3,106,108 shares of the company’s stock worth $274,889,000 after buying an additional 293,229 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of AmerisourceBergen Corporation (Holding Co) by 7.6% in the first quarter. Bank of New York Mellon Corp now owns 3,063,289 shares of the company’s stock worth $271,101,000 after buying an additional 216,204 shares during the period. Institutional investors own 69.11% of the company’s stock.

Shares of AmerisourceBergen Corporation (NYSE:ABC) opened at 93.91 on Monday. AmerisourceBergen Corporation has a 12 month low of $68.38 and a 12 month high of $97.85. The firm has a market capitalization of $20.51 billion, a price-to-earnings ratio of 18.23 and a beta of 0.91. The firm’s 50-day moving average price is $92.12 and its 200-day moving average price is $87.40.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last announced its quarterly earnings results on Thursday, May 4th. The company reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.09. AmerisourceBergen Corporation (Holding Co) had a return on equity of 60.21% and a net margin of 0.77%. The company had revenue of $37.15 billion during the quarter, compared to the consensus estimate of $38.07 billion. During the same period in the prior year, the company earned $1.68 earnings per share. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, equities analysts anticipate that AmerisourceBergen Corporation will post $5.87 earnings per share for the current year.

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A number of research analysts have recently commented on the company. Zacks Investment Research lowered AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a report on Monday. Needham & Company LLC assumed coverage on AmerisourceBergen Corporation (Holding Co) in a report on Tuesday, April 4th. They set a “buy” rating and a $99.00 price target on the stock. Vetr raised AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “buy” rating and set a $92.52 price target on the stock in a report on Tuesday, April 11th. Jefferies Group LLC started coverage on AmerisourceBergen Corporation (Holding Co) in a report on Wednesday, May 17th. They set a “hold” rating and a $95.00 target price on the stock. Finally, Mizuho lifted their target price on AmerisourceBergen Corporation (Holding Co) from $83.00 to $93.00 and gave the stock a “neutral” rating in a report on Tuesday, May 30th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $94.71.

In other AmerisourceBergen Corporation (Holding Co) news, Chairman Steven H. Collis sold 15,000 shares of the stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $91.73, for a total value of $1,375,950.00. Following the completion of the sale, the chairman now directly owns 253,876 shares in the company, valued at $23,288,045.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 45,000 shares of company stock valued at $4,027,050 over the last 90 days. Corporate 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.

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Institutional Ownership by Quarter for AmerisourceBergen Corporation (Holding Co) (NYSE:ABC)

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