Shelton Capital Management cut its position in AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 38.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,209 shares of the company’s stock after selling 19,167 shares during the quarter. Shelton Capital Management’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $2,950,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Parallel Advisors LLC raised its holdings in shares of AmerisourceBergen Corporation (Holding Co) by 3.2% in the 2nd quarter. Parallel Advisors LLC now owns 1,109 shares of the company’s stock worth $104,000 after purchasing an additional 34 shares in the last quarter. Point72 Asia Hong Kong Ltd purchased a new position in shares of AmerisourceBergen Corporation (Holding Co) in the first quarter worth approximately $105,000. American Beacon Advisors Inc. purchased a new position in shares of AmerisourceBergen Corporation (Holding Co) in the first quarter worth approximately $108,000. SRS Capital Advisors Inc. increased its position in shares of AmerisourceBergen Corporation (Holding Co) by 0.3% in the first quarter. SRS Capital Advisors Inc. now owns 1,235 shares of the company’s stock worth $109,000 after acquiring an additional 4 shares in the last quarter. Finally, Sun Life Financial INC increased its position in shares of AmerisourceBergen Corporation (Holding Co) by 15,000.0% in the second quarter. Sun Life Financial INC now owns 1,208 shares of the company’s stock worth $114,000 after acquiring an additional 1,200 shares in the last quarter. Hedge funds and other institutional investors own 67.64% of the company’s stock.

Shares of AmerisourceBergen Corporation (NYSE ABC) traded down 1.68% during midday trading on Friday, reaching $79.44. 2,469,252 shares of the company’s stock were exchanged. AmerisourceBergen Corporation has a 12 month low of $68.38 and a 12 month high of $97.85. The company’s 50 day moving average is $81.04 and its 200-day moving average is $86.58. The stock has a market cap of $17.41 billion, a PE ratio of 20.70 and a beta of 0.96.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.37 by $0.06. AmerisourceBergen Corporation (Holding Co) had a return on equity of 56.07% and a net margin of 0.56%. The firm had revenue of $38.71 billion for the quarter, compared to analyst estimates of $39.13 billion. During the same period in the prior year, the company earned $1.37 EPS. The company’s revenue was up 4.9% on a year-over-year basis. Equities analysts forecast that AmerisourceBergen Corporation will post $5.88 EPS for the current fiscal year.

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A number of research analysts recently commented on ABC shares. Morgan Stanley downgraded shares of AmerisourceBergen Corporation (Holding Co) from an “overweight” rating to an “equal weight” rating in a research report on Thursday, September 14th. ValuEngine cut shares of AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub upgraded shares of AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Cowen and Company upgraded shares of AmerisourceBergen Corporation (Holding Co) from a “market perform” rating to an “outperform” rating in a research note on Tuesday. Finally, Jefferies Group LLC restated a “hold” rating and issued a $95.00 price objective on shares of AmerisourceBergen Corporation (Holding Co) in a research note on Wednesday, June 21st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $91.95.

In other news, insider Dale Danilewitz sold 2,012 shares of AmerisourceBergen Corporation (Holding Co) stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $85.00, for a total value of $171,020.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Peyton R. Howell sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $80.00, for a total value of $1,600,000.00. Following the completion of the transaction, the insider now owns 57,135 shares of the company’s stock, valued at approximately $4,570,800. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 64,728 shares of company stock worth $5,215,143. 27.40% of the stock is owned by corporate 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.

Institutional Ownership by Quarter for AmerisourceBergen Corporation (Holding Co) (NYSE:ABC)

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