Teachers Retirement System of The State of Kentucky lessened its holdings in shares of AmerisourceBergen Corp. (NYSE:ABC) by 4.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 132,600 shares of the company’s stock after selling 5,700 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.06% of AmerisourceBergen worth $12,175,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the stock. JPMorgan Chase & Co. grew its position in AmerisourceBergen by 107.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,363,429 shares of the company’s stock worth $434,385,000 after purchasing an additional 2,776,287 shares during the last quarter. Vulcan Value Partners LLC grew its position in AmerisourceBergen by 29.4% in the 4th quarter. Vulcan Value Partners LLC now owns 7,530,523 shares of the company’s stock worth $691,452,000 after purchasing an additional 1,710,816 shares during the last quarter. Harding Loevner LP grew its position in AmerisourceBergen by 89.6% in the 3rd quarter. Harding Loevner LP now owns 3,166,794 shares of the company’s stock worth $134,939,000 after purchasing an additional 1,496,761 shares during the last quarter. Point72 Asset Management L.P. bought a new position in AmerisourceBergen in the 3rd quarter worth about $75,681,000. Finally, BlackRock Inc. grew its position in AmerisourceBergen by 5.8% in the 4th quarter. BlackRock Inc. now owns 12,384,803 shares of the company’s stock worth $1,137,171,000 after purchasing an additional 679,417 shares during the last quarter. 67.33% of the stock is owned by institutional investors and hedge funds.
In related news, insider Dale Danilewitz sold 3,121 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $92.12, for a total transaction of $287,506.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Peyton R. Howell sold 17,800 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $89.70, for a total transaction of $1,596,660.00. The disclosure for this sale can be found here. Insiders sold 177,609 shares of company stock valued at $16,855,249 over the last quarter. Insiders own 27.30% of the company’s stock.
AmerisourceBergen Corp. (NYSE ABC) opened at $100.60 on Wednesday. The company has a quick ratio of 0.50, a current ratio of 0.95 and a debt-to-equity ratio of 1.61. The stock has a market cap of $22,030.61, a P/E ratio of 16.50, a PEG ratio of 1.50 and a beta of 1.03. AmerisourceBergen Corp. has a 1-year low of $71.90 and a 1-year high of $106.27.
AmerisourceBergen (NYSE:ABC) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.20. The business had revenue of $40.47 billion during 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 business’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm posted $1.36 earnings per share. analysts anticipate that AmerisourceBergen Corp. will post 6.58 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 5th. Stockholders of record on Tuesday, February 20th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend was Friday, February 16th. AmerisourceBergen’s dividend payout ratio (DPR) is presently 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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