Haverford Trust Co. Sells 7,749 Shares of AmerisourceBergen Corporation (Holding Co) (ABC)

Haverford Trust Co. decreased its position in AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 69.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,335 shares of the company’s stock after selling 7,749 shares during the period. Haverford Trust Co.’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $261,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. S&T Bank PA boosted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 1.9% in the fourth quarter. S&T Bank PA now owns 120,874 shares of the company’s stock worth $9,451,000 after buying an additional 2,204 shares during the period. Burgundy Asset Management Ltd. boosted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 1.9% in the fourth quarter. Burgundy Asset Management Ltd. now owns 2,709,505 shares of the company’s stock worth $211,856,000 after buying an additional 51,556 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 39.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 578,759 shares of the company’s stock worth $45,257,000 after buying an additional 164,877 shares during the period. Van Den Berg Management I Inc. boosted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 28.6% in the fourth quarter. Van Den Berg Management I Inc. now owns 134,837 shares of the company’s stock worth $10,543,000 after buying an additional 29,969 shares during the period. Finally, Van ECK Associates Corp boosted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 1.2% in the fourth quarter. Van ECK Associates Corp now owns 391,138 shares of the company’s stock worth $30,583,000 after buying an additional 4,771 shares during the period. Hedge funds and other institutional investors own 69.11% of the company’s stock.

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

Shares of AmerisourceBergen Corporation (NYSE:ABC) traded up 0.11% during mid-day trading on Friday, reaching $90.42. The company’s stock had a trading volume of 241,856 shares. The company has a market capitalization of $19.65 billion, a price-to-earnings ratio of 15.10 and a beta of 0.82. AmerisourceBergen Corporation has a 1-year low of $68.38 and a 1-year high of $94.50. The company’s 50 day moving average price is $86.15 and its 200-day moving average price is $82.65.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last announced its earnings results on Tuesday, January 31st. The company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.13. The company earned $1.89 billion during the quarter, compared to the consensus estimate of $39 billion. AmerisourceBergen Corporation (Holding Co) had a return on equity of 62.44% and a net margin of 0.91%. The company’s revenue was up 4.0% on a year-over-year basis. During the same period last year, the firm earned $1.27 earnings per share. Analysts predict that AmerisourceBergen Corporation will post $5.83 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, March 6th. Investors of record on Tuesday, February 21st will be paid a $0.365 dividend. The ex-dividend date of this dividend is Thursday, February 16th. This represents a $1.46 dividend on an annualized basis and a yield of 1.62%. AmerisourceBergen Corporation (Holding Co)’s dividend payout ratio (DPR) is 24.37%.

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ABC has been the subject of a number of research analyst reports. TheStreet upgraded AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “buy” rating in a research note on Thursday, December 29th. Bank of America Corporation upgraded AmerisourceBergen Corporation (Holding Co) from a “neutral” rating to a “buy” rating and set a $94.00 price target for the company in a research note on Thursday, January 12th. Leerink Swann cut AmerisourceBergen Corporation (Holding Co) from an “outperform” rating to a “market perform” rating and set a $75.00 price target for the company. in a research note on Friday, November 4th. Mizuho upgraded AmerisourceBergen Corporation (Holding Co) from a “neutral” rating to a “buy” rating and set a $83.00 price target for the company in a research note on Wednesday, November 9th. Finally, Vetr upgraded AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “strong-buy” rating and set a $94.25 price target for the company in a research note on Monday, January 23rd. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $95.18.

In other AmerisourceBergen Corporation (Holding Co) news, Chairman Steven H. Collis sold 15,000 shares of the firm’s stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $77.94, for a total value of $1,169,100.00. Following the transaction, the chairman now owns 238,876 shares of the company’s stock, valued at $18,617,995.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company 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.

5 Day Chart for NYSE:ABC

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