Psagot Investment House Ltd. Has $848,000 Position in AmerisourceBergen Corporation (Holding Co) (ABC)

Psagot Investment House Ltd. maintained its stake in shares of AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,966 shares of the company’s stock at the close of the 2nd quarter. Psagot Investment House Ltd.’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $848,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. SRS Capital Advisors Inc. boosted its position in AmerisourceBergen Corporation (Holding Co) by 0.3% during the 1st quarter. SRS Capital Advisors Inc. now owns 1,235 shares of the company’s stock valued at $109,000 after acquiring an additional 4 shares in the last quarter. Bollard Group LLC boosted its position in AmerisourceBergen Corporation (Holding Co) by 0.4% during the 2nd quarter. Bollard Group LLC now owns 2,924 shares of the company’s stock valued at $276,000 after acquiring an additional 12 shares in the last quarter. Parallel Advisors LLC boosted its position in AmerisourceBergen Corporation (Holding Co) by 3.2% during the 2nd quarter. Parallel Advisors LLC now owns 1,109 shares of the company’s stock valued at $104,000 after acquiring an additional 34 shares in the last quarter. Savant Capital LLC boosted its position in AmerisourceBergen Corporation (Holding Co) by 0.8% during the 2nd quarter. Savant Capital LLC now owns 4,846 shares of the company’s stock valued at $458,000 after acquiring an additional 40 shares in the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA boosted its position in AmerisourceBergen Corporation (Holding Co) by 0.4% during the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 13,975 shares of the company’s stock valued at $1,321,000 after acquiring an additional 50 shares in the last quarter. 67.64% of the stock is currently owned by institutional investors and hedge funds.

In related news, CFO Tim G. Guttman sold 11,600 shares of the business’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $79.47, for a total transaction of $921,852.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Dale Danilewitz sold 2,012 shares of the business’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $85.00, for a total transaction of $171,020.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 64,728 shares of company stock valued at $5,215,143. Insiders own 27.40% of the company’s stock.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last issued its earnings results on Thursday, August 3rd. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.06. The firm had revenue of $38.71 billion during the quarter, compared to the consensus estimate of $39.13 billion. AmerisourceBergen Corporation (Holding Co) had a net margin of 0.56% and a return on equity of 56.07%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.37 earnings per share.

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Several analysts have issued reports on ABC shares. Morgan Stanley cut AmerisourceBergen Corporation (Holding Co) from an “overweight” rating to an “equal weight” rating in a research report on Thursday, September 14th. ValuEngine cut AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub raised AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Jefferies Group LLC reaffirmed a “hold” rating and set a $95.00 target price on shares of AmerisourceBergen Corporation (Holding Co) in a research report on Wednesday, June 21st. Finally, Cowen and Company raised AmerisourceBergen Corporation (Holding Co) from a “market perform” rating to an “outperform” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. AmerisourceBergen Corporation (Holding Co) currently has an average rating of “Hold” and a consensus price target of $91.95.

About AmerisourceBergen Corporation (Holding Co)

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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