Bank of Stockton boosted its position in AmerisourceBergen Corp. (NYSE:ABC) by 2.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,830 shares of the company’s stock after buying an additional 300 shares during the period. AmerisourceBergen Corp. comprises approximately 0.8% of Bank of Stockton’s investment portfolio, making the stock its 27th largest position. Bank of Stockton’s holdings in AmerisourceBergen Corp. were worth $1,330,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Neuberger Berman Group LLC raised its stake in shares of AmerisourceBergen Corp. by 12.0% in the fourth quarter. Neuberger Berman Group LLC now owns 2,477 shares of the company’s stock worth $257,000 after buying an additional 266 shares during the period. Mizuho Asset Management Co. Ltd. raised its stake in shares of AmerisourceBergen Corp. by 9.9% in the fourth quarter. Mizuho Asset Management Co. Ltd. now owns 2,643 shares of the company’s stock worth $274,000 after buying an additional 237 shares during the period. Benjamin F. Edwards & Company raised its stake in shares of AmerisourceBergen Corp. by 1.0% in the fourth quarter. Benjamin F. Edwards & Company now owns 2,734 shares of the company’s stock worth $284,000 after buying an additional 27 shares during the period. Raymond James Trust raised its stake in shares of AmerisourceBergen Corp. by 3.5% in the fourth quarter. Raymond James Trust now owns 3,184 shares of the company’s stock worth $330,000 after buying an additional 108 shares during the period. Finally, Reynolds Capital Management raised its stake in shares of AmerisourceBergen Corp. by 21.4% in the fourth quarter. Reynolds Capital Management now owns 3,400 shares of the company’s stock worth $353,000 after buying an additional 600 shares during the period.

Shares of AmerisourceBergen Corp. (NYSE:ABC) opened at 89.56 on Monday. The company’s market cap is $18.42 billion. The stock’s 50 day moving average price is $97.87 and its 200 day moving average price is $100.12. AmerisourceBergen Corp. has a 1-year low of $87.09 and a 1-year high of $120.68.

AmerisourceBergen Corp. (NYSE:ABC) last posted its quarterly earnings results on Thursday, October 29th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.18 by $0.01. During the same quarter in the prior year, the company earned $1.10 EPS. The firm earned $35.50 billion during the quarter, compared to analyst estimates of $34.62 billion. The firm’s revenue was up 12.3% compared to the same quarter last year. Equities research analysts forecast that AmerisourceBergen Corp. will post $5.83 earnings per share for the current year.

ABC has been the topic of a number of recent analyst reports. Evercore ISI reaffirmed a “hold” rating on shares of AmerisourceBergen Corp. in a research report on Wednesday, October 7th. Zacks Investment Research lowered AmerisourceBergen Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, October 8th. Cowen and Company reaffirmed a “hold” rating on shares of AmerisourceBergen Corp. in a research report on Tuesday, October 6th. Deutsche Bank reissued a “hold” rating and set a $106.00 price target on shares of AmerisourceBergen Corp. in a research report on Monday, October 12th. Finally, Raymond James dropped their price target on AmerisourceBergen Corp. from $130.00 to $110.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 7th. Eleven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $107.14.

In other news, EVP Dale Danilewitz sold 6,388 shares of the firm’s stock in a transaction on Monday, November 16th. The stock was sold at an average price of $96.86, for a total value of $618,741.68. Following the transaction, the executive vice president now directly owns 3,956 shares in the company, valued at approximately $383,178.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Steven H. Collis sold 27,148 shares of the firm’s stock in a transaction on Monday, December 21st. The stock was sold at an average price of $102.23, for a total value of $2,775,340.04. Following the completion of the transaction, the chief executive officer now owns 252,204 shares in the company, valued at $25,782,814.92. The disclosure for this sale can be found here.

AmerisourceBergen Corporation is a pharmaceutical sourcing and distribution services company. The Company operates through two segments: Pharmaceutical Distribution and Other. The Company also provides data and other services to its manufacturing customers. The Company provides services to healthcare providers, and pharmaceutical and biotech manufacturers. The Company provides pharmacy services to certain specialty drug patients. Additionally, the Company offers healthcare providers and pharmaceutical manufacturers with services, including reimbursement and pharmaceutical consulting services, logistics services, inventory management, pharmacy automation and pharmacy management. The Company has a distribution facility network totaling approximately 30 distribution facilities in the United States.

12 Month Chart for NYSE:ABC

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