CAM Group Holding A S held its position in AmerisourceBergen Corp. (NYSE:ABC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,100 shares of the company’s stock at the end of the second quarter. CAM Group Holding A S’s holdings in AmerisourceBergen Corp. were worth $5,163,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of ABC. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in shares of AmerisourceBergen Corp. during the second quarter worth approximately $119,000. Kanaly Trust Co boosted its position in shares of AmerisourceBergen Corp. by 52.7% in the second quarter. Kanaly Trust Co now owns 1,920 shares of the company’s stock worth $152,000 after buying an additional 663 shares during the last quarter. Breton Hill Capital Ltd. acquired a new position in shares of AmerisourceBergen Corp. during the second quarter worth approximately $206,000. HL Financial Services LLC boosted its position in shares of AmerisourceBergen Corp. by 1.2% in the second quarter. HL Financial Services LLC now owns 2,949 shares of the company’s stock worth $234,000 after buying an additional 34 shares during the last quarter. Finally, Brookstone Capital Management acquired a new position in shares of AmerisourceBergen Corp. during the second quarter worth approximately $255,000. Institutional investors own 66.15% of the company’s stock.
AmerisourceBergen Corp. (NYSE:ABC) traded up 1.69% on Tuesday, hitting $81.09. The stock had a trading volume of 1,914,247 shares. The stock has a market cap of $17.41 billion, a P/E ratio of 10.94 and a beta of 0.75. The company’s 50 day moving average is $83.22 and its 200-day moving average is $82.73. AmerisourceBergen Corp. has a 12 month low of $73.31 and a 12 month high of $105.81.
AmerisourceBergen Corp. (NYSE:ABC) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.10. AmerisourceBergen Corp. had a return on equity of 83.93% and a net margin of 1.14%. The company earned $36.90 billion during the quarter, compared to analysts’ expectations of $36.57 billion. During the same period last year, the business posted $1.20 earnings per share. The firm’s revenue was up 7.8% compared to the same quarter last year. Analysts forecast that AmerisourceBergen Corp. will post $5.55 EPS for the current year.
A number of brokerages have commented on ABC. Barclays PLC increased their price target on shares of AmerisourceBergen Corp. from $83.00 to $89.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 3rd. Evercore ISI restated a “hold” rating and issued a $93.50 target price on shares of AmerisourceBergen Corp. in a report on Tuesday, August 2nd. Citigroup Inc. raised their target price on shares of AmerisourceBergen Corp. from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Zacks Investment Research upgraded shares of AmerisourceBergen Corp. from a “sell” rating to a “hold” rating and set a $94.00 target price on the stock in a report on Monday, July 11th. Finally, Mizuho raised their target price on shares of AmerisourceBergen Corp. from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, August 11th. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $96.61.
In other AmerisourceBergen Corp. news, insider Gina Clark sold 2,247 shares of the stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $89.50, for a total value of $201,106.50. Following the completion of the sale, the insider now directly owns 9,436 shares in the company, valued at $844,522. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Lon R. Greenberg purchased 4,000 shares of the firm’s stock in a transaction on Tuesday, August 9th. The stock was acquired at an average price of $88.59 per share, with a total value of $354,360.00. Following the completion of the purchase, the director now owns 9,500 shares of the company’s stock, valued at approximately $841,605. The disclosure for this purchase can be found here. 6.90% of the stock is owned by company insiders.
AmerisourceBergen Corp. Company Profile
AmerisourceBergen Corporation is a pharmaceutical sourcing and distribution services company. The Company operates through two segments: Pharmaceutical Distribution and Other. The Company also provides data and other services to its manufacturing customers. The Company provides services to healthcare providers, and pharmaceutical and biotech manufacturers.
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