AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) Under Analyst Spotlight

Janus Henderson Group PLC grew its stake in shares of AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 660.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,950 shares of the company's stock after selling 3,488 shares during the quarter. Leerink Swann downgraded AmerisourceBergen Corp. Baker Charles sold $343,728 worth of stock. Parallel Advisors LLC boosted its position in AmerisourceBergen Corporation (Holding Co) by 3.2% in the second quarter. A month ago, they told us to expect earnings of US$1.4 per share while three months ago their EPS consensus estimate was US$1.44. Point72 Asia Hong Kong Ltd purchased a new stake in AmerisourceBergen Corporation (Holding Co) in the 1st quarter worth approximately $105,000.

In other news, CFO Tim G. Guttman sold 11,600 shares of the firm's stock in a transaction that occurred on Wednesday, September 20th. Finally, Sun Life Financial INC increased its position in shares of AmerisourceBergen Corporation (Holding Co) by 15,000.0% in the 2nd quarter. As of the end of the quarter Koshinski Asset Management, Inc. had acquired 1,896 shares growing its stake by 34.4%. Franklin Resources Inc. now owns 3,902,289 shares of the company's stock valued at $368,884,000 after purchasing an additional 731,466 shares during the last quarter. Nachman Joseph R sold $106,963 worth of stock or 3,789 shares. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The stock was sold at an average price of $80.00, for a total transaction of $1,600,000.00. The disclosure for this sale can be found here. Insiders have sold 62,716 shares of company stock worth $5,044,123 over the last quarter. If you are reading this report on another publication, it was copied illegally and republished in violation of global copyright and trademark laws.

Several other large investors also recently modified their holdings of the stock. AmerisourceBergen had 48 analyst reports since July 27, 2015 according to SRatingsIntel. They now have a United States dollars 85 price target on the stock. AmerisourceBergen Corporation (Holding Co) has a consensus rating of Hold and an average price target of $91.95.

03/16/2016 - Credit Suisse began new coverage on AmerisourceBergen Corporation (Holding Co) giving the company a "outperform" rating. Morgan Stanley downgraded it to "Underweight" rating and $93 target in Friday, October 2 report. The company was downgraded on Friday, October 2 by Morgan Stanley.

AmerisourceBergen Corporation (NYSE:ABC) continues to be a formidable company. ABC traded on a high for the day of 84.14 with a corresponding low of 82.56.The day's high marked a slight increase on the previous day's close which saw ABC finish the day's trading at 82.56.

The price-to-book ratio of 7.08 for AmerisourceBergen Corporation (NYSE:ABC) implies that investors are highly hopeful for the organization to create more value from the given set of assets. The current market cap of AmerisourceBergen Corporation exhibits the basic determinant of asset allocation and risk-return parameters for its stocks. The stock has a 50-day moving average of $80.74 and a 200 day moving average of $86.89. AmerisourceBergen Corporation (NYSE:ABC) earnings have risen with a quarterly rate of 13.3% over the last 5 years. The company reported $1.43 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.37 by $0.06. Achmea Investment Management B.V. lifted its stake in AmerisourceBergen Corporation (Holding Co) by 7.8% during the second quarter. The business's revenue for the quarter was up 4.9% compared to the same quarter previous year. Additionally AmerisourceBergen Corporation announced a dividend for shareholders that was paid on Monday the 5th of June 2017. As per Friday, September 8, the company rating was maintained by Needham. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $1.46 annualized dividend and a dividend yield of 1.76%. "WI Reduces Position in AmerisourceBergen Corporation (Holding Co) (ABC)" was first posted by StockNewsTimes and is the property of of StockNewsTimes.

Driving interest in AmerisourceBergen Corporation (ABC) is a number of factors, including perhaps, a steady decrease of the profile of the company as insider activity takes center stage. The Company's divisions include Pharmaceutical Distribution and Other. The Firm provides services to healthcare providers, and pharmaceutical and biotech manufacturers.

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