AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) Chairman Steven H. Collis sold 21,350 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $76.94, for a total transaction of $1,642,669.00. Following the sale, the chairman now owns 260,226 shares in the company, valued at approximately $20,021,788.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $1.33 EPS for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.01. The firm had revenue of $39.12 billion for the quarter, compared to analysts’ expectations of $40.10 billion. AmerisourceBergen Corporation (Holding Co) had a net margin of 0.56% and a return on equity of 56.07%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.30 EPS.

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Several institutional investors have recently added to or reduced their stakes in ABC. Wellington Management Group LLP boosted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 2.4% during the 1st quarter. Wellington Management Group LLP now owns 104,347 shares of the company’s stock worth $9,235,000 after purchasing an additional 2,479 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 4.3% during the 1st quarter. Teachers Advisors LLC now owns 377,689 shares of the company’s stock worth $33,425,000 after purchasing an additional 15,466 shares during the last quarter. Thrivent Financial For Lutherans boosted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 4.8% during the 1st quarter. Thrivent Financial For Lutherans now owns 6,070 shares of the company’s stock worth $537,000 after purchasing an additional 280 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 17.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 678,949 shares of the company’s stock worth $60,088,000 after purchasing an additional 100,190 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 134.8% during the 1st quarter. HighTower Advisors LLC now owns 13,287 shares of the company’s stock worth $1,174,000 after purchasing an additional 7,629 shares during the last quarter. 67.49% of the stock is currently owned by institutional investors.

Several brokerages have recently issued reports on ABC. ValuEngine upgraded shares of AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “buy” rating in a research report on Tuesday. Jefferies Group LLC set a $85.00 target price on shares of AmerisourceBergen Corporation (Holding Co) and gave the company a “hold” rating in a research report on Sunday. Mizuho set a $92.00 target price on shares of AmerisourceBergen Corporation (Holding Co) and gave the company a “hold” rating in a research report on Tuesday, October 24th. Needham & Company LLC set a $93.00 target price on shares of AmerisourceBergen Corporation (Holding Co) and gave the company a “buy” rating in a research report on Tuesday, October 24th. Finally, Zacks Investment Research upgraded shares of AmerisourceBergen Corporation (Holding Co) from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $91.13.

AmerisourceBergen Corporation (Holding Co) 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.

Insider Buying and Selling by Quarter for AmerisourceBergen Corporation (Holding Co) (NYSE:ABC)

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