AmerisourceBergen Corp. (ABC) : Stack Financial Management Inc scooped up 3,235 additional shares in AmerisourceBergen Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 147,740 shares of AmerisourceBergen Corp. which is valued at $13,141,473.AmerisourceBergen Corp. makes up approximately 1.61% of Stack Financial Management Inc’s portfolio.
Other Hedge Funds, Including , Norinchukin Bank The reduced its stake in ABC by selling 8,010 shares or 13.23% in the most recent quarter. The Hedge Fund company now holds 52,545 shares of ABC which is valued at $4,673,878. AmerisourceBergen Corp. makes up approx 0.11% of Norinchukin Bank The’s portfolio. Gsa Capital Partners Llp sold out all of its stake in ABC during the most recent quarter. The investment firm sold 37,364 shares of ABC which is valued $3,338,473.Herndon Capital Management reduced its stake in ABC by selling 14,129 shares or 48.27% in the most recent quarter. The Hedge Fund company now holds 15,144 shares of ABC which is valued at $1,290,117. AmerisourceBergen Corp. makes up approx 0.05% of Herndon Capital Management’s portfolio.Albion Financial Group Ut boosted its stake in ABC in the latest quarter, The investment management firm added 66 additional shares and now holds a total of 3,884 shares of AmerisourceBergen Corp. which is valued at $331,771. AmerisourceBergen Corp. makes up approx 0.06% of Albion Financial Group Ut’s portfolio. Donald L. Hagan added ABC to its portfolio by purchasing 12,184 company shares during the most recent quarter which is valued at $1,046,118. AmerisourceBergen Corp. makes up approx 0.98% of Donald L. Hagan’s portfolio.
AmerisourceBergen Corp. opened for trading at $88.95 and hit $89.41 on the upside on Monday, eventually ending the session at $89.39, with a gain of 0.54% or 0.48 points. The heightened volatility saw the trading volume jump to 17,96,956 shares. Company has a market cap of $19,195 M.
On the company’s financial health, AmerisourceBergen Corp. reported $1.37 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $1.27. The company had revenue of $36900.00 million for the quarter, compared to analysts expectations of $36705.18 million. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.20 EPS.
Many Wall Street Analysts have commented on AmerisourceBergen Corp.. Company shares were Reiterated by Mizuho on Aug 11, 2016 to “Neutral”, Firm has raised the Price Target to $ 90 from a previous price target of $80 .Company shares were Reiterated by FBR Capital on Aug 3, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 90 from a previous price target of $84 .Company shares were Reiterated by Barclays on Aug 3, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 89 from a previous price target of $83 .
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.