AmerisourceBergen Corp. (ABC) Position Increased by Golub Group LLC

Golub Group LLC increased its holdings in shares of AmerisourceBergen Corp. (NYSE:ABC) by 11.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,519 shares of the company’s stock after purchasing an additional 1,691 shares during the quarter. Golub Group LLC’s holdings in AmerisourceBergen were worth $1,229,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ABC. Acima Private Wealth LLC acquired a new stake in shares of AmerisourceBergen during the 4th quarter worth about $26,000. Private Capital Group LLC increased its position in shares of AmerisourceBergen by 201.3% during the 4th quarter. Private Capital Group LLC now owns 482 shares of the company’s stock worth $36,000 after purchasing an additional 322 shares during the last quarter. JNBA Financial Advisors acquired a new stake in shares of AmerisourceBergen during the 4th quarter worth about $37,000. Oregon Public Employees Retirement Fund increased its position in shares of AmerisourceBergen by 6,614.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,448,589 shares of the company’s stock worth $46,000 after purchasing an additional 3,397,228 shares during the last quarter. Finally, Financial Gravity Companies Inc. acquired a new stake in shares of AmerisourceBergen during the 4th quarter worth about $54,000. 66.44% of the stock is owned by hedge funds and other institutional investors.

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Shares of AmerisourceBergen stock opened at $86.33 on Thursday. AmerisourceBergen Corp. has a 12 month low of $69.36 and a 12 month high of $101.56. The stock has a market cap of $18.33 billion, a P/E ratio of 13.30, a PEG ratio of 1.60 and a beta of 1.12. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.94 and a quick ratio of 0.53.

AmerisourceBergen (NYSE:ABC) last announced its earnings results on Thursday, January 31st. The company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.10. The company had revenue of $45.39 billion during the quarter, compared to analysts’ expectations of $43.52 billion. AmerisourceBergen had a return on equity of 44.53% and a net margin of 0.69%. As a group, equities analysts expect that AmerisourceBergen Corp. will post 6.75 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 4th. Stockholders of record on Tuesday, February 19th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Friday, February 15th. AmerisourceBergen’s payout ratio is presently 24.65%.

ABC has been the subject of a number of research analyst reports. ValuEngine upgraded AmerisourceBergen from a “sell” rating to a “hold” rating in a report on Thursday, January 31st. Zacks Investment Research upgraded AmerisourceBergen from a “sell” rating to a “hold” rating in a report on Friday, November 16th. Royal Bank of Canada set a $90.00 target price on AmerisourceBergen and gave the company a “hold” rating in a report on Wednesday, November 7th. TheStreet cut AmerisourceBergen from a “b-” rating to a “c+” rating in a report on Tuesday, January 8th. Finally, UBS Group initiated coverage on AmerisourceBergen in a report on Thursday, January 17th. They set a “buy” rating and a $89.00 target price for the company. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. AmerisourceBergen presently has a consensus rating of “Hold” and a consensus price target of $96.00.

In other news, CEO Steven H. Collis sold 21,350 shares of AmerisourceBergen stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $73.96, for a total value of $1,579,046.00. Following the completion of the transaction, the chief executive officer now owns 155,929 shares in the company, valued at approximately $11,532,508.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dale Danilewitz sold 5,703 shares of AmerisourceBergen stock in a transaction dated Thursday, February 7th. The shares were sold at an average price of $86.80, for a total value of $495,020.40. Following the completion of the transaction, the insider now owns 8,960 shares of the company’s stock, valued at approximately $777,728. The disclosure for this sale can be found here. Insiders sold a total of 130,873 shares of company stock valued at $10,958,202 in the last quarter. Company insiders own 27.80% of the company’s stock.

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About AmerisourceBergen

AmerisourceBergen Corporation sources and distributes pharmaceutical products in the United States and internationally. Its Pharmaceutical Distribution segment distributes brand-name and generic pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, outsourced compounded sterile preparations, and related services to various healthcare providers, including acute care hospitals and health systems, independent and chain retail pharmacies, mail order pharmacies, medical clinics, long-term care and other alternate site pharmacies, and other customers.

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