Staley Capital Advisers Inc. Continues to Hold Stake in AmerisourceBergen Corp. (ABC)

Staley Capital Advisers Inc. held its position in shares of AmerisourceBergen Corp. (NYSE:ABC) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,137 shares of the company’s stock at the end of the first quarter. Staley Capital Advisers Inc.’s holdings in AmerisourceBergen Corp. were worth $278,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. World Asset Management Inc boosted its position in shares of AmerisourceBergen Corp. by 17.5% in the first quarter. World Asset Management Inc now owns 19,227 shares of the company’s stock valued at $1,702,000 after buying an additional 2,866 shares in the last quarter. Swiss National Bank boosted its position in shares of AmerisourceBergen Corp. by 13.2% in the first quarter. Swiss National Bank now owns 600,516 shares of the company’s stock valued at $53,146,000 after buying an additional 69,900 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of AmerisourceBergen Corp. by 101.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 135,705 shares of the company’s stock valued at $12,010,000 after buying an additional 68,348 shares in the last quarter. LS Investment Advisors LLC boosted its position in shares of AmerisourceBergen Corp. by 12.5% in the first quarter. LS Investment Advisors LLC now owns 7,817 shares of the company’s stock valued at $692,000 after buying an additional 869 shares in the last quarter. Finally, NewFocus Financial Group LLC boosted its position in shares of AmerisourceBergen Corp. by 2.1% in the first quarter. NewFocus Financial Group LLC now owns 26,015 shares of the company’s stock valued at $2,302,000 after buying an additional 523 shares in the last quarter. Institutional investors own 69.11% of the company’s stock.

Institutional Ownership by Quarter for AmerisourceBergen Corp. (NYSE:ABC)

AmerisourceBergen Corp. (NYSE:ABC) traded up 3.16% during mid-day trading on Friday, hitting $89.43. The stock had a trading volume of 1,109,237 shares. The stock has a 50-day moving average price of $85.68 and a 200 day moving average price of $84.02. The firm has a market cap of $19.53 billion, a P/E ratio of 17.36 and a beta of 0.82. AmerisourceBergen Corp. has a 12-month low of $68.38 and a 12-month high of $94.50.

AmerisourceBergen Corp. (NYSE:ABC) last released its quarterly earnings data on Thursday, May 4th. The company reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.09. AmerisourceBergen Corp. had a return on equity of 62.44% and a net margin of 0.91%. The firm had revenue of $37.15 billion during the quarter, compared to the consensus estimate of $38.07 billion. During the same period last year, the business posted $1.68 EPS. AmerisourceBergen Corp.’s quarterly revenue was up 4.1% on a year-over-year basis. Equities analysts anticipate that AmerisourceBergen Corp. will post $5.87 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 5th. Investors of record on Monday, May 22nd will be paid a $0.365 dividend. This represents a $1.46 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Thursday, May 18th. AmerisourceBergen Corp.’s payout ratio is currently 24.37%.

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Several research analysts recently weighed in on the company. Vetr upgraded AmerisourceBergen Corp. from a “buy” rating to a “strong-buy” rating and set a $97.44 price target for the company in a research report on Wednesday. Jefferies Group LLC assumed coverage on AmerisourceBergen Corp. in a research report on Wednesday. They set a “hold” rating and a $95.00 price target for the company. Needham & Company LLC assumed coverage on AmerisourceBergen Corp. in a research report on Tuesday, April 4th. They set a “buy” rating and a $99.00 price target for the company. Zacks Investment Research cut AmerisourceBergen Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, February 21st. Finally, Credit Suisse Group AG reiterated a “buy” rating on shares of AmerisourceBergen Corp. in a research report on Sunday, February 5th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. AmerisourceBergen Corp. currently has a consensus rating of “Buy” and an average price target of $94.00.

In related news, insider Gina Clark sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $89.03, for a total value of $1,068,360.00. Following the completion of the transaction, the insider now directly owns 12,103 shares of the company’s stock, valued at approximately $1,077,530.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Steven H. Collis sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $88.35, for a total value of $1,325,250.00. Following the completion of the transaction, the chairman now directly owns 253,876 shares of the company’s stock, valued at $22,429,944.60. The disclosure for this sale can be found here. Insiders sold a total of 51,958 shares of company stock valued at $4,537,753 over the last ninety days. 27.40% of the stock is currently owned by company insiders.

About AmerisourceBergen Corp.

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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