KCM Investment Advisors LLC Sells 65 Shares of AmerisourceBergen Corporation (Holding Co) (ABC), Report finds

KCM Investment Advisors LLC Sells 65 Shares of AmerisourceBergen Corporation (Holding Co) (ABC), Report finds

KCM Investment Advisors LLC lowered its stake in shares of AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 2.1% during the third quarter, according to its most recent filing with the SEC. The fund owned 2,973 shares of the company’s stock after selling 65 shares during the period. KCM Investment Advisors LLC’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $240,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Morgan Stanley boosted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 15.8% in the third quarter. Morgan Stanley now owns 7,091,809 shares of the company’s stock valued at $572,876,000 after buying an additional 968,250 shares during the period. Northern Trust Corp boosted its stake in AmerisourceBergen Corporation (Holding Co) by 1.8% in the third quarter. Northern Trust Corp now owns 2,640,037 shares of the company’s stock worth $213,262,000 after buying an additional 47,858 shares during the last quarter. Burgundy Asset Management Ltd. boosted its stake in AmerisourceBergen Corporation (Holding Co) by 17.9% in the second quarter. Burgundy Asset Management Ltd. now owns 2,614,053 shares of the company’s stock worth $207,347,000 after buying an additional 396,778 shares during the last quarter. Artisan Partners Limited Partnership acquired a new stake in AmerisourceBergen Corporation (Holding Co) during the second quarter worth $112,709,000. Finally, Acadian Asset Management LLC boosted its stake in AmerisourceBergen Corporation (Holding Co) by 1.4% in the third quarter. Acadian Asset Management LLC now owns 1,360,110 shares of the company’s stock worth $109,871,000 after buying an additional 18,929 shares during the last quarter. 69.15% of the stock is currently owned by institutional investors and hedge funds.

AmerisourceBergen Corporation (NYSE:ABC) traded up 0.82% during midday trading on Wednesday, reaching $91.07. The company had a trading volume of 1,469,758 shares. The stock has a market capitalization of $19.79 billion, a PE ratio of 15.21 and a beta of 0.82. The firm’s 50 day moving average is $84.12 and its 200 day moving average is $82.39. AmerisourceBergen Corporation has a 1-year low of $68.38 and a 1-year high of $92.48.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last announced its earnings results on Tuesday, January 31st. The company reported $1.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.13. AmerisourceBergen Corporation (Holding Co) had a net margin of 0.91% and a return on equity of 62.44%. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $39 billion. During the same quarter last year, the business earned $1.27 earnings per share. AmerisourceBergen Corporation (Holding Co)’s revenue was up 4.0% compared to the same quarter last year. On average, equities analysts anticipate that AmerisourceBergen Corporation will post $5.83 EPS for the current fiscal year.

A number of research firms have recently weighed in on ABC. Vetr raised AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “strong-buy” rating and set a $94.25 price objective for the company in a research report on Monday, January 30th. Mizuho raised AmerisourceBergen Corporation (Holding Co) from a “neutral” rating to a “buy” rating and set a $83.00 price objective for the company in a research report on Wednesday, November 9th. Leerink Swann cut AmerisourceBergen Corporation (Holding Co) from an “outperform” rating to a “market perform” rating and set a $75.00 price objective for the company. in a research report on Friday, November 4th. Bank of America Corporation raised AmerisourceBergen Corporation (Holding Co) from a “neutral” rating to a “buy” rating and set a $94.00 price objective for the company in a research report on Thursday, January 12th. Finally, Morgan Stanley raised AmerisourceBergen Corporation (Holding Co) from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $84.00 to $86.00 in a research report on Thursday, November 10th. Seven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $95.18.

In other AmerisourceBergen Corporation (Holding Co) news, Chairman Steven H. Collis sold 15,000 shares of AmerisourceBergen Corporation (Holding Co) stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $77.94, for a total value of $1,169,100.00. Following the transaction, the chairman now owns 238,876 shares in the company, valued at approximately $18,617,995.44. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 27.40% of the stock is currently owned by company insiders.

AmerisourceBergen Corporation (Holding Co) Company Profile

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.

Want to see what other hedge funds are holding ABC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AmerisourceBergen Corporation (Holding Co) (NYSE:ABC).

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KCM Investment Advisors LLC Sells 65 Shares of AmerisourceBergen Corporation (Holding Co) (ABC)

KCM Investment Advisors LLC Sells 65 Shares of AmerisourceBergen Corporation (Holding Co) (ABC)

KCM Investment Advisors LLC lowered its stake in shares of AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 2.1% during the third quarter, according to its most recent filing with the SEC. The fund owned 2,973 shares of the company’s stock after selling 65 shares during the period. KCM Investment Advisors LLC’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $240,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Morgan Stanley boosted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 15.8% in the third quarter. Morgan Stanley now owns 7,091,809 shares of the company’s stock valued at $572,876,000 after buying an additional 968,250 shares during the period. Northern Trust Corp boosted its stake in AmerisourceBergen Corporation (Holding Co) by 1.8% in the third quarter. Northern Trust Corp now owns 2,640,037 shares of the company’s stock worth $213,262,000 after buying an additional 47,858 shares during the last quarter. Burgundy Asset Management Ltd. boosted its stake in AmerisourceBergen Corporation (Holding Co) by 17.9% in the second quarter. Burgundy Asset Management Ltd. now owns 2,614,053 shares of the company’s stock worth $207,347,000 after buying an additional 396,778 shares during the last quarter. Artisan Partners Limited Partnership acquired a new stake in AmerisourceBergen Corporation (Holding Co) during the second quarter worth $112,709,000. Finally, Acadian Asset Management LLC boosted its stake in AmerisourceBergen Corporation (Holding Co) by 1.4% in the third quarter. Acadian Asset Management LLC now owns 1,360,110 shares of the company’s stock worth $109,871,000 after buying an additional 18,929 shares during the last quarter. 69.15% of the stock is currently owned by institutional investors and hedge funds.

AmerisourceBergen Corporation (NYSE:ABC) traded up 0.82% during midday trading on Wednesday, reaching $91.07. The company had a trading volume of 1,469,758 shares. The stock has a market capitalization of $19.79 billion, a PE ratio of 15.21 and a beta of 0.82. The firm’s 50 day moving average is $84.12 and its 200 day moving average is $82.39. AmerisourceBergen Corporation has a 1-year low of $68.38 and a 1-year high of $92.48.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last announced its earnings results on Tuesday, January 31st. The company reported $1.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.13. AmerisourceBergen Corporation (Holding Co) had a net margin of 0.91% and a return on equity of 62.44%. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $39 billion. During the same quarter last year, the business earned $1.27 earnings per share. AmerisourceBergen Corporation (Holding Co)’s revenue was up 4.0% compared to the same quarter last year. On average, equities analysts anticipate that AmerisourceBergen Corporation will post $5.83 EPS for the current fiscal year.

A number of research firms have recently weighed in on ABC. Vetr raised AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “strong-buy” rating and set a $94.25 price objective for the company in a research report on Monday, January 30th. Mizuho raised AmerisourceBergen Corporation (Holding Co) from a “neutral” rating to a “buy” rating and set a $83.00 price objective for the company in a research report on Wednesday, November 9th. Leerink Swann cut AmerisourceBergen Corporation (Holding Co) from an “outperform” rating to a “market perform” rating and set a $75.00 price objective for the company. in a research report on Friday, November 4th. Bank of America Corporation raised AmerisourceBergen Corporation (Holding Co) from a “neutral” rating to a “buy” rating and set a $94.00 price objective for the company in a research report on Thursday, January 12th. Finally, Morgan Stanley raised AmerisourceBergen Corporation (Holding Co) from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $84.00 to $86.00 in a research report on Thursday, November 10th. Seven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $95.18.

In other AmerisourceBergen Corporation (Holding Co) news, Chairman Steven H. Collis sold 15,000 shares of AmerisourceBergen Corporation (Holding Co) stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $77.94, for a total value of $1,169,100.00. Following the transaction, the chairman now owns 238,876 shares in the company, valued at approximately $18,617,995.44. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 27.40% of the stock is currently owned by company insiders.

AmerisourceBergen Corporation (Holding Co) Company Profile

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.

Want to see what other hedge funds are holding ABC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AmerisourceBergen Corporation (Holding Co) (NYSE:ABC).

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