Donald L. Hagan LLC Decreases Holdings in AmerisourceBergen Corp. (ABC)

Donald L. Hagan LLC cut its stake in AmerisourceBergen Corp. (NYSE:ABC) by 1.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,024 shares of the company’s stock after selling 283 shares during the quarter. AmerisourceBergen comprises about 1.1% of Donald L. Hagan LLC’s holdings, making the stock its 24th biggest holding. Donald L. Hagan LLC’s holdings in AmerisourceBergen were worth $1,274,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of ABC. Acima Private Wealth LLC purchased a new stake in shares of AmerisourceBergen in the 4th quarter worth about $26,000. Riverview Trust Co grew its position in shares of AmerisourceBergen by 127.3% in the 1st quarter. Riverview Trust Co now owns 391 shares of the company’s stock worth $31,000 after buying an additional 219 shares during the period. Private Capital Group LLC grew its position in shares of AmerisourceBergen by 201.3% in the 4th quarter. Private Capital Group LLC now owns 482 shares of the company’s stock worth $36,000 after buying an additional 322 shares during the period. JNBA Financial Advisors purchased a new stake in shares of AmerisourceBergen in the 4th quarter worth about $37,000. Finally, Oregon Public Employees Retirement Fund grew its position in shares of AmerisourceBergen by 6,614.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,448,589 shares of the company’s stock worth $46,000 after buying an additional 3,397,228 shares during the period. Institutional investors and hedge funds own 66.55% of the company’s stock.

In other news, CFO James F. Cleary, Jr. acquired 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were bought at an average cost of $77.52 per share, with a total value of $155,040.00. Following the transaction, the chief financial officer now owns 7,306 shares of the company’s stock, valued at approximately $566,361.12. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dale Danilewitz sold 543 shares of the stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $86.30, for a total transaction of $46,860.90. Following the sale, the executive vice president now directly owns 2,714 shares in the company, valued at $234,218.20. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 2,018 shares of company stock worth $156,471 and have sold 88,333 shares worth $7,341,200. Corporate insiders own 27.80% of the company’s stock.

A number of analysts have recently weighed in on the stock. ValuEngine downgraded shares of AmerisourceBergen from a “sell” rating to a “strong sell” rating in a research report on Tuesday. Guggenheim assumed coverage on shares of AmerisourceBergen in a research report on Thursday, April 11th. They issued a “buy” rating on the stock. Bank of America downgraded shares of AmerisourceBergen from a “buy” rating to an “underperform” rating and reduced their target price for the stock from $95.00 to $76.00 in a research report on Wednesday, April 10th. Wolfe Research assumed coverage on shares of AmerisourceBergen in a research report on Tuesday, April 2nd. They issued a “market perform” rating on the stock. Finally, Zacks Investment Research downgraded shares of AmerisourceBergen from a “hold” rating to a “sell” rating in a research report on Monday, March 25th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $86.57.

Shares of ABC stock opened at $74.63 on Friday. AmerisourceBergen Corp. has a one year low of $69.36 and a one year high of $95.00. The stock has a market cap of $15.50 billion, a P/E ratio of 11.50, a PEG ratio of 1.36 and a beta of 1.12. The company has a current ratio of 0.94, a quick ratio of 0.53 and a debt-to-equity ratio of 1.43.

AmerisourceBergen (NYSE:ABC) last announced its quarterly earnings data on Thursday, January 31st. The company reported $1.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.50 by $0.10. AmerisourceBergen had a net margin of 0.69% and a return on equity of 44.53%. The company had revenue of $45.39 billion for the quarter, compared to the consensus estimate of $43.52 billion. On average, analysts forecast that AmerisourceBergen Corp. will post 6.75 EPS for the current year.

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AmerisourceBergen Profile

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.

See Also: What Is An Exchange-Traded Fund (ETF)?

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Institutional Ownership by Quarter for AmerisourceBergen (NYSE:ABC)

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