Swiss National Bank Purchases 69,900 Shares of AmerisourceBergen Corp. (ABC)

Swiss National Bank raised its stake in shares of AmerisourceBergen Corp. (NYSE:ABC) by 13.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 600,516 shares of the company’s stock after buying an additional 69,900 shares during the period. Swiss National Bank’s holdings in AmerisourceBergen Corp. were worth $53,146,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the stock. Apriem Advisors raised its position in shares of AmerisourceBergen Corp. by 460.0% in the third quarter. Apriem Advisors now owns 1,400 shares of the company’s stock valued at $113,000 after buying an additional 1,150 shares during the last quarter. Archford Capital Strategies LLC bought a new position in AmerisourceBergen Corp. during the fourth quarter worth about $125,000. Washington Trust Bank raised its position in AmerisourceBergen Corp. by 400.9% in the first quarter. Washington Trust Bank now owns 1,693 shares of the company’s stock worth $150,000 after buying an additional 1,355 shares in the last quarter. Alpha Windward LLC raised its position in AmerisourceBergen Corp. by 1.8% in the first quarter. Alpha Windward LLC now owns 2,148 shares of the company’s stock worth $190,000 after buying an additional 39 shares in the last quarter. Finally, Comprehensive Portfolio Management LLC bought a new position in AmerisourceBergen Corp. during the fourth quarter worth about $201,000. 69.11% of the stock is currently owned by hedge funds and other institutional investors.

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

AmerisourceBergen Corp. (NYSE:ABC) traded up 3.15% during mid-day trading on Friday, reaching $89.42. 1,083,890 shares of the company’s stock traded hands. The company has a 50-day moving average of $85.68 and a 200-day moving average of $84.02. The company has a market capitalization of $19.53 billion, a price-to-earnings ratio of 17.36 and a beta of 0.82. AmerisourceBergen Corp. has a 52-week low of $68.38 and a 52-week high of $94.50.

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

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

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A number of research firms recently issued reports on ABC. Needham & Company LLC began coverage on AmerisourceBergen Corp. in a report on Tuesday, April 4th. They set a “buy” rating and a $99.00 price target on the stock. Vetr lowered AmerisourceBergen Corp. from a “buy” rating to a “hold” rating and set a $90.84 price target on the stock. in a report on Thursday, April 6th. Jefferies Group LLC began coverage on AmerisourceBergen Corp. in a report on Wednesday. They set a “hold” rating and a $95.00 price target on the stock. Zacks Investment Research lowered AmerisourceBergen Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, February 21st. Finally, Credit Suisse Group AG reissued a “buy” rating on shares of AmerisourceBergen Corp. in a report on Sunday, February 5th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $94.00.

In other AmerisourceBergen Corp. news, insider Lazarus Krikorian sold 9,958 shares of the company’s stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $91.83, for a total value of $914,443.14. Following the transaction, the insider now owns 15,743 shares in the company, valued at approximately $1,445,679.69. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Gina Clark sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $89.03, for a total transaction of $1,068,360.00. Following the completion of the transaction, the insider now owns 12,103 shares in the company, valued at approximately $1,077,530.09. The disclosure for this sale can be found here. In the last 90 days, insiders sold 51,958 shares of company stock valued at $4,537,753. 27.40% of the stock is owned by insiders.

AmerisourceBergen Corp. Company Profile

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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