The Daiwa Securities Group Inc. Has $451,000 Position in AmerisourceBergen Corp. (ABC)

The Daiwa Securities Group Inc. Has $451,000 Position in AmerisourceBergen Corp. (ABC)

Several other large investors also recently made changes to their positions in the stock. Bollard Group LLC raised its stake in shares of AmerisourceBergen Corp. by 0.4% in the first quarter. Bollard Group LLC now owns 2,912 shares of the company’s stock valued at $258,000 after buying an additional 11 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of AmerisourceBergen Corp. by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,800 shares of the company’s stock valued at $469,000 after buying an additional 20 shares in the last quarter. Smithfield Trust Co. raised its stake in shares of AmerisourceBergen Corp. by 0.3% in the third quarter. Smithfield Trust Co. now owns 9,014 shares of the company’s stock valued at $728,000 after buying an additional 25 shares in the last quarter. Reinhart Partners Inc. raised its stake in shares of AmerisourceBergen Corp. by 0.6% in the first quarter. Reinhart Partners Inc. now owns 4,040 shares of the company’s stock valued at $358,000 after buying an additional 25 shares in the last quarter. Finally, Park National Corp OH increased its stake in shares of AmerisourceBergen Corp. by 0.7% in the first quarter. Park National Corp OH now owns 4,029 shares of the company’s stock valued at $357,000 after buying an additional 29 shares during the last quarter. Hedge funds and other institutional investors own 69.11% of the company’s stock.

Daiwa Securities Group Inc. lowered its stake in shares of AmerisourceBergen Corp. (NYSE:ABC) by 25.2% during the first quarter, according to its most recent filing with the SEC. The fund owned 5,100 shares of the company’s stock after selling 1,720 shares during the period. Daiwa Securities Group Inc.’s holdings in AmerisourceBergen Corp. were worth $451,000 as of its most recent SEC filing.

AmerisourceBergen Corp. (ABC) opened at 93.58 on Monday. AmerisourceBergen Corp. has a 12-month low of $68.38 and a 12-month high of $94.50. The stock has a market cap of $20.43 billion, a PE ratio of 18.16 and a beta of 0.82. The firm’s 50-day moving average price is $86.59 and its 200 day moving average price is $85.32.

AmerisourceBergen Corp. (NYSE:ABC) last announced its quarterly earnings results on Thursday, May 4th. The company reported $1.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.09. The business had revenue of $37.15 billion for the quarter, compared to analyst estimates of $38.07 billion. AmerisourceBergen Corp. had a return on equity of 62.44% and a net margin of 0.91%. The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.68 EPS. Analysts anticipate that AmerisourceBergen Corp. will post $5.87 EPS for the current year. The company also recently declared a quarterly dividend, which will be paid on Monday, June 5th. Stockholders of record on Monday, May 22nd will be paid a dividend of $0.365 per share. This represents a $1.46 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Thursday, May 18th. AmerisourceBergen Corp.’s dividend payout ratio (DPR) is 24.37%.

AmerisourceBergen Corp. (NYSE:ABC) last announced its quarterly earnings results on Thursday, May 4th. The company reported $1.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.09. The business had revenue of $37.15 billion for the quarter, compared to analyst estimates of $38.07 billion. AmerisourceBergen Corp. had a return on equity of 62.44% and a net margin of 0.91%. The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.68 EPS. Analysts anticipate that AmerisourceBergen Corp. will post $5.87 EPS for the current year. ABC has been the subject of several recent research reports. Credit Suisse Group AG reiterated a “buy” rating on shares of AmerisourceBergen Corp. in a research report on Sunday, February 5th. Vetr downgraded AmerisourceBergen Corp. from a “strong-buy” rating to a “buy” rating and set a $97.44 target price for the company. in a report on Tuesday, May 9th. Needham & Company LLC assumed coverage on AmerisourceBergen Corp. in a report on Tuesday, April 4th. They issued a “buy” rating and a $99.00 price objective for the company. Zacks Investment Research downgraded AmerisourceBergen Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, February 21st. Finally, Jefferies Group LLC initiated coverage on AmerisourceBergen Corp. in a research note on Wednesday, May 17th. They issued a “hold” rating and a $95.00 target price on the stock. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. AmerisourceBergen Corp. has a consensus rating of “Buy” and a consensus price target of $94.71.

In other news, insider Gina Clark sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $89.03, for a total transaction of $1,068,360.00. Following the sale, the insider now owns 12,103 shares of the company’s stock, valued at approximately $1,077,530.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Steven H. Collis sold 15,000 shares of AmerisourceBergen Corp. stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $88.35, for a total value of $1,325,250.00. Following the transaction, the chairman now owns 253,876 shares of the company’s stock, valued at $22,429,944.60. The disclosure for this sale can be found here. Insiders have sold a total of 57,000 shares of company stock worth $4,999,260 in the last three months. Corporate insiders own 27.40% of the company’s stock. About AmerisourceBergen Corp.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ABC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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