Top Institutional Investors That Own AmerisourceBergen Corporation (ABC)

AmerisourceBergen Corporation (NYSE:ABC) is at least 35.98% than its current record low price of $71.90. There was a 9.3% gain on 02/13/2018 that led the price to move at $97.77. At recent session, the prices were hovering between $95.94 and $101.9999. This company shares are 8.2% off its target price of $105.79 and the current market capitalization stands at $22.05B. The recent change has given its price a 3.53% lead over SMA 50 and -8% deficit over its 52-week high. The stock witnessed -1.24% declines, 30.36% gains and 22.09% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found ABC’s volatility during a week at 5.29% and during a month it has been found around 3.46%.

AmerisourceBergen Corporation (ABC) Top Holders

Institutional investors currently hold around $13.51 billion or 69.8% in ABC stock. Look at its top three institutional owners. Vanguard Group Inc owns $1.4 billion in AmerisourceBergen Corporation, which represents roughly 6.35% of the company’s market cap and approximately 10.37% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 12,384,803 shares of the stock are valued at $1.11 billion. The third largest holder is State Street Corp, which currently holds $637.42 million worth of this stock and that ownership represents nearly 2.89% of its market capitalization.

AmerisourceBergen Corporation 13F Filings

At the end of 09/30/2017 reporting period, 318 institutional holders increased their position in AmerisourceBergen Corporation (NYSE:ABC) by some 16,495,252 shares, 355 decreased positions by 15,017,713 and 93 held positions by 119,498,580. That puts total institutional holdings at 151,011,545 shares, according to SEC filings. The stock grabbed 80 new institutional investments totaling 3,227,007 shares while 73 institutional investors sold out their entire positions totaling 5,272,492 shares.

AmerisourceBergen Corporation (NYSE:ABC) Insider Trades

Multiple company employees have indulged in significant insider trading. AmerisourceBergen Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Executive Vice President Howell Peyton R has sold 3,000 shares of AmerisourceBergen Corporation (ABC) in trading session dated Feb. 07, 2018. These shares are worth $274,800 and were traded at $91.6 each. The SEC filing shows that Guttman Tim G. performed a sale of 11,600 shares. The CFO disposed these shares by way of transaction on Feb. 05, 2018. The company’s shares were given away at $95.43 per share worth to an income of some $1,106,988 on account of Guttman Tim G..

Executive Vice President, Chou John G., sold 15,939 common shares of AmerisourceBergen Corporation (ABC) in the open market. In a transaction dated Feb. 01, 2018, the shares were put up for sale at an average price of $97.74, raking in a sum of $1,557,878. After this sale, 51,289 common shares of ABC are directly owned by the insider, with total stake valued at $5,014,526.

In the transaction dated Feb. 01, 2018, the great number of shares disposed came courtesy the Chairman, President & CEO; Collis Steven H disposed a total of 21,350 shares at an average price of $98.58, amounting to approximately $2,104,683. The insider now directly owns 266,575 shares worth $26,063,038.

AmerisourceBergen Corporation (ABC) Analyst Guide

Several analysts have released their opinion on AmerisourceBergen Corporation (NYSE:ABC), with 5 analysts believing it is a strong buy. Whereas 6 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.08 average brokerage recommendation.

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