JustInvest LLC Has $353,000 Stock Position in AmerisourceBergen Co. (NYSE:ABC)

JustInvest LLC lowered its stake in AmerisourceBergen Co. (NYSE:ABC) by 21.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,957 shares of the company’s stock after selling 794 shares during the period. JustInvest LLC’s holdings in AmerisourceBergen were worth $353,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Fort Washington Investment Advisors Inc. OH boosted its holdings in AmerisourceBergen by 43.2% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,049,352 shares of the company’s stock valued at $125,345,000 after purchasing an additional 316,377 shares during the period. Buckley Wealth Management LLC boosted its holdings in AmerisourceBergen by 3.2% in the 3rd quarter. Buckley Wealth Management LLC now owns 7,655 shares of the company’s stock valued at $914,000 after purchasing an additional 240 shares during the period. Ieq Capital LLC boosted its holdings in AmerisourceBergen by 67.2% in the 3rd quarter. Ieq Capital LLC now owns 4,659 shares of the company’s stock valued at $557,000 after purchasing an additional 1,873 shares during the period. Checchi Capital Advisers LLC bought a new stake in AmerisourceBergen in the 3rd quarter valued at about $205,000. Finally, Grace Capital boosted its holdings in AmerisourceBergen by 5.9% in the 3rd quarter. Grace Capital now owns 7,200 shares of the company’s stock valued at $883,000 after purchasing an additional 400 shares during the period. Institutional investors and hedge funds own 62.99% of the company’s stock.

In other AmerisourceBergen news, CEO Steven H. Collis sold 24,264 shares of the company’s stock in a transaction that occurred on Tuesday, November 9th. The shares were sold at an average price of $125.33, for a total value of $3,041,007.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert P. Mauch sold 41,214 shares of the company’s stock in a transaction that occurred on Tuesday, November 2nd. The shares were sold at an average price of $125.34, for a total transaction of $5,165,762.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 158,865 shares of company stock valued at $20,109,602. Corporate insiders own 28.40% of the company’s stock.

ABC stock opened at $136.20 on Friday. The company has a 50 day simple moving average of $125.93 and a 200 day simple moving average of $122.23. The stock has a market cap of $28.35 billion, a price-to-earnings ratio of 18.43, a P/E/G ratio of 1.58 and a beta of 0.51. AmerisourceBergen Co. has a 1 year low of $100.71 and a 1 year high of $136.95. The company has a debt-to-equity ratio of 10.92, a current ratio of 0.94 and a quick ratio of 0.57.

AmerisourceBergen (NYSE:ABC) last announced its quarterly earnings results on Thursday, November 4th. The company reported $2.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.36 by $0.03. AmerisourceBergen had a net margin of 0.72% and a return on equity of 2,040.08%. The firm had revenue of $58.90 billion during the quarter, compared to analysts’ expectations of $57.05 billion. During the same period in the prior year, the company posted $1.89 EPS. The company’s revenue was up 19.6% on a year-over-year basis. On average, equities research analysts anticipate that AmerisourceBergen Co. will post 10.68 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 29th. Shareholders of record on Monday, November 15th were given a $0.46 dividend. This is a boost from AmerisourceBergen’s previous quarterly dividend of $0.44. This represents a $1.84 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Friday, November 12th. AmerisourceBergen’s dividend payout ratio is 24.90%.

A number of analysts have issued reports on the stock. Scotiabank downgraded shares of AmerisourceBergen from an “outperform” rating to a “sector perform” rating in a report on Thursday, January 6th. TheStreet raised shares of AmerisourceBergen from a “d” rating to an “a-” rating in a report on Thursday, November 4th. Morgan Stanley upped their price target on shares of AmerisourceBergen from $141.00 to $142.00 and gave the stock an “overweight” rating in a report on Friday, December 17th. Barclays upped their price target on shares of AmerisourceBergen from $135.00 to $152.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Credit Suisse Group upped their price target on shares of AmerisourceBergen from $144.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday, November 8th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $144.75.

AmerisourceBergen Profile

AmerisourceBergen Corp. engages provision of pharmaceutical products and business solutions that improve access to care. It operates through the Pharmaceutical Distribution Services and Other segments. The Pharmaceutical Distribution Services segment distributes an offering of brand-name; specialty brand-name and generic pharmaceuticals; over-the-counter healthcare products; home healthcare supplies and equipment; and related services to healthcare providers, including acute care hospitals and health systems; independent and chain retail pharmacies; mail order pharmacies; medical clinics; and long-term care and alternate site pharmacies.

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Institutional Ownership by Quarter for AmerisourceBergen (NYSE:ABC)

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