AmerisourceBergen Corp. (ABC) : Pineno Levin Ford Asset Management scooped up 12,235 additional shares in AmerisourceBergen Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 21, 2016. The investment management firm now holds a total of 65,410 shares of AmerisourceBergen Corp. which is valued at $5,616,103.AmerisourceBergen Corp. makes up approximately 2.82% of Pineno Levin Ford Asset Management’s portfolio.
Other Hedge Funds, Including , Ls Investment Advisors boosted its stake in ABC in the latest quarter, The investment management firm added 2,970 additional shares and now holds a total of 19,841 shares of AmerisourceBergen Corp. which is valued at $1,703,548. AmerisourceBergen Corp. makes up approx 0.11% of Ls Investment Advisors’s portfolio.State Of Alaska Department Of Revenue boosted its stake in ABC in the latest quarter, The investment management firm added 3,886 additional shares and now holds a total of 60,344 shares of AmerisourceBergen Corp. which is valued at $5,228,204. AmerisourceBergen Corp. makes up approx 0.54% of State Of Alaska Department Of Revenue’s portfolio. Pennsylvania Trust Co sold out all of its stake in ABC during the most recent quarter. The investment firm sold 2,750 shares of ABC which is valued $238,260.Partnerre Asset Management Corp reduced its stake in ABC by selling 100 shares or 7.27% in the most recent quarter. The Hedge Fund company now holds 1,276 shares of ABC which is valued at $109,774. AmerisourceBergen Corp. makes up approx 0.06% of Partnerre Asset Management Corp’s portfolio.Gateway Investment Advisers reduced its stake in ABC by selling 430 shares or 3.11% in the most recent quarter. The Hedge Fund company now holds 13,384 shares of ABC which is valued at $1,136,703. AmerisourceBergen Corp. makes up approx 0.01% of Gateway Investment Advisers’s portfolio.
AmerisourceBergen Corp. closed down -0.6 points or -0.70% at $84.82 with 24,34,584 shares getting traded on Thursday. Post opening the session at $85.05, the shares hit an intraday low of $84.24 and an intraday high of $85.06 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, AmerisourceBergen Corp. reported $1.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on May 5, 2016. Analyst had a consensus of $1.58. The company had revenue of $35698.36 million for the quarter, compared to analysts expectations of $35804.35 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 $1.45 EPS.
Many Wall Street Analysts have commented on AmerisourceBergen Corp.. AmerisourceBergen Corp. was Resumed by BofA/Merrill to “Neutral” on Jun 7, 2016. Shares were Reiterated by RBC Capital Mkts on May 6, 2016 to “Outperform” and Lowered the Price Target to $ 85 from a previous price target of $100 .Shares were Reiterated by FBR Capital on May 6, 2016 to “Mkt Perform” and Lowered the Price Target to $ 84 from a previous price target of $100 .
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.