AmerisourceBergen Corp. (ABC) : Albion Financial Group Ut scooped up 109 additional shares in AmerisourceBergen Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 3,818 shares of AmerisourceBergen Corp. which is valued at $350,836.AmerisourceBergen Corp. makes up approximately 0.06% of Albion Financial Group Ut’s portfolio.
AmerisourceBergen Corp. closed down -0.64 points or -0.70% at $90.64 with 17,08,393 shares getting traded on Wednesday. Post opening the session at $91.32, the shares hit an intraday low of $90.29 and an intraday high of $91.65 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Legacy Private Trust reduced its stake in ABC by selling 480 shares or 7.67% in the most recent quarter. The Hedge Fund company now holds 5,780 shares of ABC which is valued at $531,124. AmerisourceBergen Corp. makes up approx 0.08% of Legacy Private Trust’s portfolio.Regent Investment Management boosted its stake in ABC in the latest quarter, The investment management firm added 1,330 additional shares and now holds a total of 22,845 shares of AmerisourceBergen Corp. which is valued at $2,099,227. AmerisourceBergen Corp. makes up approx 1.15% of Regent Investment Management’s portfolio.Kanaly Trust Co reduced its stake in ABC by selling 200 shares or 13.73% in the most recent quarter. The Hedge Fund company now holds 1,257 shares of ABC which is valued at $110,402. AmerisourceBergen Corp. makes up approx 0.02% of Kanaly Trust Co’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in ABC in the latest quarter, The investment management firm added 3,854 additional shares and now holds a total of 45,104 shares of AmerisourceBergen Corp. which is valued at $3,961,484. AmerisourceBergen Corp. makes up approx 0.09% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Dnb Asset Management As boosted its stake in ABC in the latest quarter, The investment management firm added 10,700 additional shares and now holds a total of 23,648 shares of AmerisourceBergen Corp. which is valued at $2,077,004. AmerisourceBergen Corp. makes up approx 0.04% of Dnb Asset Management As’s portfolio.
On the company’s financial health, AmerisourceBergen Corp. reported $1.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 4, 2016. Analyst had a consensus of $1.25. The company had revenue of $36709.00 million for the quarter, compared to analysts expectations of $36851.62 million. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.14 EPS.
Many Wall Street Analysts have commented on AmerisourceBergen Corp.. Avondale Initiated AmerisourceBergen Corp. on Apr 19, 2016 to “Mkt Outperform”, Price Target of the shares are set at $111.AmerisourceBergen Corp. was Initiated by Credit Suisse to “Outperform” on Mar 16, 2016. Shares were Reiterated by Deutsche Bank on Feb 5, 2016 to “Hold” and Lowered the Price Target to $ 96 from a previous price target of $103 .
AmerisourceBergen Corporation is a pharmaceutical sourcing and distribution services company. The Company operates through two segments: Pharmaceutical Distribution and Other. The Company also provides data and other services to its manufacturing customers. The Company provides services to healthcare providers and pharmaceutical and biotech manufacturers. The Company provides pharmacy services to certain specialty drug patients. Additionally the Company offers healthcare providers and pharmaceutical manufacturers with services including reimbursement and pharmaceutical consulting services logistics services inventory management pharmacy automation and pharmacy management. The Company has a distribution facility network totaling approximately 30 distribution facilities in the United States.