Northwestern Mutual Investment Management Company LLC Has $555,000 Holdings in AmerisourceBergen Corporation (Holding Co) (ABC)

Northwestern Mutual Investment Management Company LLC lowered its position in shares of AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 79.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,001 shares of the company’s stock after selling 26,380 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $555,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of AmerisourceBergen Corporation (Holding Co) by 1,139.3% in the 1st quarter. BlackRock Inc. now owns 12,673,530 shares of the company’s stock valued at $1,121,608,000 after purchasing an additional 11,650,881 shares in the last quarter. FIL Ltd purchased a new position in shares of AmerisourceBergen Corporation (Holding Co) in the 1st quarter valued at about $269,043,000. Bank of America Corp DE increased its holdings in shares of AmerisourceBergen Corporation (Holding Co) by 97.7% in the 1st quarter. Bank of America Corp DE now owns 2,482,557 shares of the company’s stock valued at $219,707,000 after purchasing an additional 1,227,051 shares in the last quarter. Morgan Stanley increased its holdings in shares of AmerisourceBergen Corporation (Holding Co) by 50.0% in the 1st quarter. Morgan Stanley now owns 2,498,525 shares of the company’s stock valued at $221,121,000 after purchasing an additional 832,812 shares in the last quarter. Finally, Fiduciary Management Inc. WI increased its holdings in shares of AmerisourceBergen Corporation (Holding Co) by 11.2% in the 1st quarter. Fiduciary Management Inc. WI now owns 6,151,621 shares of the company’s stock valued at $544,418,000 after purchasing an additional 617,723 shares in the last quarter. Institutional investors own 67.67% of the company’s stock.

Shares of AmerisourceBergen Corporation (NYSE:ABC) opened at 83.90 on Wednesday. AmerisourceBergen Corporation has a 1-year low of $68.38 and a 1-year high of $97.85. The firm has a market capitalization of $18.38 billion, a PE ratio of 21.86 and a beta of 0.95. The firm’s 50 day moving average is $83.01 and its 200 day moving average is $87.88.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $1.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.06. The firm had revenue of $38.71 billion for the quarter, compared to analysts’ expectations of $39.13 billion. AmerisourceBergen Corporation (Holding Co) had a return on equity of 56.07% and a net margin of 0.56%. AmerisourceBergen Corporation (Holding Co)’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $1.37 EPS. Analysts anticipate that AmerisourceBergen Corporation will post $5.88 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Monday, August 21st were paid a dividend of $0.365 per share. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $1.46 annualized dividend and a yield of 1.74%. AmerisourceBergen Corporation (Holding Co)’s dividend payout ratio (DPR) is presently 38.02%.

ABC has been the subject of a number of research analyst reports. Jefferies Group LLC initiated coverage on shares of AmerisourceBergen Corporation (Holding Co) in a report on Wednesday, May 17th. They issued a “hold” rating and a $95.00 price target for the company. Vetr upgraded shares of AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “strong-buy” rating and set a $97.44 price target for the company in a report on Wednesday, May 17th. Mizuho increased their price objective on shares of AmerisourceBergen Corporation (Holding Co) from $83.00 to $93.00 and gave the company a “neutral” rating in a research note on Tuesday, May 30th. BidaskClub raised shares of AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Finally, Bank of America Corporation cut shares of AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $95.76 to $94.00 in a research note on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $92.34.

In related news, insider Gina Clark sold 1,273 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $80.94, for a total value of $103,036.62. Following the completion of the sale, the insider now owns 10,830 shares of the company’s stock, valued at approximately $876,580.20. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Steven H. Collis sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $94.76, for a total value of $1,421,400.00. Following the completion of the sale, the chairman now directly owns 253,876 shares of the company’s stock, valued at approximately $24,057,289.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 51,273 shares of company stock worth $4,323,237. Company insiders own 27.40% of the company’s stock.

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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.

Institutional Ownership by Quarter for AmerisourceBergen Corporation (Holding Co) (NYSE:ABC)

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