West Oak Capital buys $1,616,206 stake in AmerisourceBergen Corp. (ABC)

AmerisourceBergen Corp. (ABC) : West Oak Capital scooped up 115 additional shares in AmerisourceBergen Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 4, 2016. The investment management firm now holds a total of 20,195 shares of AmerisourceBergen Corp. which is valued at $1,616,206.AmerisourceBergen Corp. makes up approximately 1.12% of West Oak Capital’s portfolio.

Other Hedge Funds, Including , Washington Trust Bank added ABC to its portfolio by purchasing 25 company shares during the most recent quarter which is valued at $2,001.Beacon Financial Group boosted its stake in ABC in the latest quarter, The investment management firm added 11,709 additional shares and now holds a total of 16,897 shares of AmerisourceBergen Corp. which is valued at $1,352,267. AmerisourceBergen Corp. makes up approx 0.28% of Beacon Financial Group’s portfolio.

AmerisourceBergen Corp. opened for trading at $81.26 and hit $81.72 on the upside on Tuesday, eventually ending the session at $80.53, with a gain of 0.51% or 0.41 points. The heightened volatility saw the trading volume jump to 16,80,972 shares. Company has a market cap of $17,293 M.

On the company’s financial health, AmerisourceBergen Corp. reported $1.37 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $1.27. The company had revenue of $36900.00 million for the quarter, compared to analysts expectations of $36705.18 million. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.20 EPS.

Many Wall Street Analysts have commented on AmerisourceBergen Corp.. AmerisourceBergen Corp. was Upgraded by Avondale to ” Mkt Outperform” on Oct 4, 2016. Company shares were Reiterated by Mizuho on Aug 11, 2016 to “Neutral”, Firm has raised the Price Target to $ 90 from a previous price target of $80 .Company shares were Reiterated by FBR Capital on Aug 3, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 90 from a previous price target of $84 .

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.

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