Economy

Financial Review of AmerisourceBergen Corporation (Holding Co) (NYSE

CS Mckee LP cut its stake in AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 2.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.

The company is now up since yesterday's close of 78.35.

Investors are more bearish on AmerisourceBergen Corporation lately as indicated by the uptick in short interest.

A number of other large investors also recently made changes to their positions in ABC. Parallel Advisors LLC increased its position in shares of AmerisourceBergen Corporation (Holding Co) by 3.2% during the 2nd quarter. The company was upgraded on Thursday, January 12 by Bank of America. Parametric Portfolio Associates LLC boosted its position in shares of AmerisourceBergen Corporation (Holding Co) by 123.4% during the second quarter. The firm purchased 18,408 shares of the company's stock, valued at approximately $1,740,000. RBC Capital Markets maintained AmerisourceBergen Corp. Over the past week, shares are -4.02%.

In terms of performance, we can pore into the stats for AmerisourceBergen Corporation (NYSE:ABC).

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.5 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell.

ILLEGAL ACTIVITY WARNING: This piece was originally posted by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this piece on another domain, it was illegally stolen and republished in violation of United States & worldwide trademark and copyright legislation. Savant Capital LLC now owns 4,846 shares of the company's stock worth $458,000 after buying an additional 40 shares in the last quarter.

9/14/2017-Morgan Stanley was Downgraded by analysts at Morgan Stanley from a "Overweight " rating to a " Equal Weight" rating.

05/06/2016 - AmerisourceBergen Corporation (Holding Co) had its "outperform" rating reiterated by analysts at RBC Capital. (NYSE:ABC) has "Equal-Weight" rating given on Thursday, September 14 by Morgan Stanley. Zacks Investment Research lowered AmerisourceBergen Corporation (Holding Co) from a "hold" rating to a "sell" rating in a research report on Tuesday, October 3rd. AmerisourceBergen Corporation (Holding Co) presently has an average rating of "Hold" and a consensus price target of $91.95.

On 7/3/2017 Steven H Collis, Chairman, sold 15,000 with an average share price of $94.76 per share and the total transaction amounting to $1,421,400.00. The stock was sold at an average price of $79.47, for a total value of $921,852.00. The stock declined 0.20% or $0.13 reaching $64.37 on the news. The shares were sold at an average price of $80.94, for a total value of $103,036.62. The disclosure for this sale can be found here. Capital Limited Limited Liability Company owns 17 shares or 0% of their United States portfolio.

AmerisourceBergen Corporation (NYSE ABC) opened at 79.55 on Wednesday.

The 20-day Simple Moving average for AmerisourceBergen Corporation NYSE is measured to be -2.59% in conjunction with the 200-Day Simple Moving Average of -8.44%. Omers Administration Corp who had been investing in Amerisourcebergen Corp for a number of months, seems to be less bullish one the $17.17B market cap company.

On 11/10/2016 AmerisourceBergen Corporation (Holding Co) announced a quarterly dividend of $0.37 1.85% with an ex dividend date of 11/17/2016 which will be payable on 12/5/2016. SRS Capital Advisors Inc. lifted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 0.3% in the first quarter. Analysts expect next quarter's EPS will be $1.39 and the next full year EPS is anticipated to be $6.00.

Now the return on equity is 36.60% and its debt to equity is 1.48. The company's revenue for the quarter was up 4.9% on a year-over-year basis.

AmerisourceBergen Corporation, launched on March 16, 2001, is a pharmaceutical sourcing and distribution services company. The institutional investor held 1.50 million shares of the other pharmaceuticals company at the end of 2017Q2, valued at $141.39M, down from 1.56M at the end of the previous reported quarter. The Firm 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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