Van Den Berg Management I Inc. lowered its position in shares of AmerisourceBergen Corp. (NYSE:ABC) by 6.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 121,321 shares of the company’s stock after selling 8,763 shares during the quarter. AmerisourceBergen accounts for 1.3% of Van Den Berg Management I Inc.’s investment portfolio, making the stock its 27th largest holding. Van Den Berg Management I Inc. owned 0.06% of AmerisourceBergen worth $11,140,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Addenda Capital Inc. purchased a new position in shares of AmerisourceBergen in the 4th quarter valued at about $4,599,000. JPMorgan Chase & Co. increased its holdings in shares of AmerisourceBergen by 107.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,363,429 shares of the company’s stock valued at $434,385,000 after purchasing an additional 2,776,287 shares in the last quarter. MML Investors Services LLC increased its holdings in shares of AmerisourceBergen by 75.7% in the 4th quarter. MML Investors Services LLC now owns 20,999 shares of the company’s stock valued at $1,928,000 after purchasing an additional 9,045 shares in the last quarter. Baupost Group LLC MA purchased a new position in shares of AmerisourceBergen in the 3rd quarter valued at about $15,627,000. Finally, Highland Capital Management LLC purchased a new position in shares of AmerisourceBergen in the 4th quarter valued at about $637,000. Institutional investors own 67.33% of the company’s stock.
In other AmerisourceBergen news, Director Richard W. Gochnauer sold 2,278 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $101.13, for a total transaction of $230,374.14. Following the sale, the director now directly owns 13,225 shares of the company’s stock, valued at approximately $1,337,444.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert P. Mauch sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $97.94, for a total transaction of $97,940.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 179,609 shares of company stock worth $17,031,249. 27.30% of the stock is owned by corporate insiders.
Shares of AmerisourceBergen Corp. (ABC) traded up $0.39 during midday trading on Monday, reaching $99.39. 67,323 shares of the company were exchanged, compared to its average volume of 2,092,727. The firm has a market cap of $21,747.23, a PE ratio of 21.34, a price-to-earnings-growth ratio of 1.48 and a beta of 1.03. AmerisourceBergen Corp. has a 12-month low of $71.90 and a 12-month high of $106.27. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.50 and a current ratio of 0.95.
AmerisourceBergen (NYSE:ABC) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $1.55 EPS for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.20. The firm had revenue of $40.47 billion for the quarter, compared to analysts’ expectations of $40.42 billion. AmerisourceBergen had a net margin of 0.66% and a return on equity of 53.65%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.36 EPS. analysts predict that AmerisourceBergen Corp. will post 6.58 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 5th. Investors of record on Tuesday, February 20th were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.52 dividend on an annualized basis and a yield of 1.53%. AmerisourceBergen’s payout ratio is 32.76%.
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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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