As Amerisourcebergen (ABC) Stock Declined, Hikari Tsushin Has Upped by $316,480 Its Position; Bourgeon Capital Management Has Lowered Its Blackrock Common (BLK) Holding by $630,265 as Shares Declined

August 12, 2018 - By Kristin Houston

BlackRock, Inc. (NYSE:BLK) Logo

Bourgeon Capital Management Llc decreased its stake in Blackrock Inc Common (BLK) by 15.1% based on its latest 2018Q1 regulatory filing with the SEC. Bourgeon Capital Management Llc sold 1,165 shares as the company’s stock declined 4.32% with the market. The hedge fund held 6,551 shares of the finance company at the end of 2018Q1, valued at $3.55M, down from 7,716 at the end of the previous reported quarter. Bourgeon Capital Management Llc who had been investing in Blackrock Inc Common for a number of months, seems to be less bullish one the $77.18 billion market cap company. The stock decreased 1.06% or $5.15 during the last trading session, reaching $478.95. About 646,637 shares traded or 2.61% up from the average. BlackRock, Inc. (NYSE:BLK) has risen 32.79% since August 12, 2017 and is uptrending. It has outperformed by 20.22% the S&P500. Some Historical BLK News: 12/04/2018 – BLACKROCK CEO LARRY FINK SAYS LIBOR’S RISE IS NOT AN INDICATION OF ANYTHING SIGNIFICANT NOW -CONFERENCE CALL; 23/03/2018 – REG-BlackRock Com: Total Voting Rights; 23/04/2018 – Moody’s: Ratings of BlackRock European CLO Il & lll notes unaffected by proposed purchases of an asset; 12/04/2018 – BlackRock stock gains as earnings easily beat Wall Street expectations; 09/05/2018 – Blackrock Japan Adds Aptiv, Exits Barrick Gold: 13F; 09/05/2018 – BLACKROCK INC – AS AN ANCHOR INVESTOR AND KEY PARTNER TO ACORNS, BLACKROCK WILL HAVE AN OBSERVER SEAT ON ACORNS’ BOARD OF DIRECTORS; 20/03/2018 – BlackRock Health Adds Amicus, Exits Daiichi Sankyo; 04/05/2018 – The buy makes Berkshire the third-largest Apple shareholder, behind Vanguard and BlackRock; 09/05/2018 – BlackRock and Acorns Partner to Expand Financial Participation Among the Next Generation of Investors; 26/04/2018 – LLOYDS FUND BIDDING ROUND ATTRACTS BLACKROCK, SCHRODERS: FT

Hikari Tsushin Inc increased its stake in Amerisourcebergen Corp (ABC) by 320% based on its latest 2018Q1 regulatory filing with the SEC. Hikari Tsushin Inc bought 3,680 shares as the company’s stock declined 15.00% with the market. The institutional investor held 4,830 shares of the other pharmaceuticals company at the end of 2018Q1, valued at $416,000, up from 1,150 at the end of the previous reported quarter. Hikari Tsushin Inc who had been investing in Amerisourcebergen Corp for a number of months, seems to be bullish on the $17.74 billion market cap company. The stock decreased 1.51% or $1.26 during the last trading session, reaching $81.98. About 1.25M shares traded. AmerisourceBergen Corporation (NYSE:ABC) has declined 6.17% since August 12, 2017 and is downtrending. It has underperformed by 18.74% the S&P500. Some Historical ABC News: 08/03/2018 – Health insurer Cigna to buy Express Scripts in $67 bln deal; 09/03/2018 – AmerisourceBergen to Participate in Barclays Global Healthcare Conference; 02/04/2018 – AmerisourceBergen: Production at PharMEDium’s Memphis Outsourcing Facility Remains Voluntarily Suspended While Company Completes Certain Remediation Measures; 02/04/2018 – AMERISOURCEBERGEN SAYS PLANS TO PROVIDE A FURTHER UPDATE TO FDA UPON COMPLETION OF REMEDIATION MEASURES AT THE FACILITY- SEC FILING; 02/05/2018 – AmerisourceBergen 2Q Rev $41B; 26/04/2018 – AMERISOURCEBERGEN FOUNDATION CREATES OPIOID RESOURCE GRANT; 09/03/2018 – The Moyer Foundation Receives Grant from the AmerisourceBergen Foundation to Launch New Community Program for Children Living; 02/05/2018 – AmerisourceBergen Sees FY Adj EPS $6.45-Adj EPS $6.65; 10/05/2018 – AmerisourceBergen Declares Quarterly Dividend; 02/04/2018 – AmerisourceBergen: Company Voluntarily Suspended Production Activities at PharMEDium Facility in December 2017 After FDA Inspection

Among 20 analysts covering AmerisourceBergen (NYSE:ABC), 11 have Buy rating, 0 Sell and 9 Hold. Therefore 55% are positive. AmerisourceBergen had 76 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was downgraded by Zacks on Thursday, August 27 to “Buy”. The firm has “Neutral” rating by UBS given on Thursday, October 6. The firm has “Buy” rating by Bank of America given on Thursday, January 12. On Tuesday, August 25 the stock rating was upgraded by Zacks to “Hold”. Jefferies maintained the shares of ABC in report on Wednesday, February 7 with “Hold” rating. The firm has “Neutral” rating given on Friday, August 4 by UBS. Mizuho maintained the shares of ABC in report on Thursday, August 11 with “Neutral” rating. The firm has “Hold” rating given on Tuesday, May 30 by Mizuho. Bank of America maintained the shares of ABC in report on Tuesday, June 7 with “Neutral” rating. The stock of AmerisourceBergen Corporation (NYSE:ABC) earned “Equal-Weight” rating by Barclays Capital on Tuesday, March 27.

More news for AmerisourceBergen Corporation (NYSE:ABC) were recently published by: Benzinga.com, which released: “AmerisourceBergen’s Q3 Earnings Preview” on August 01, 2018. Seekingalpha.com‘s article titled: “AmerisourceBergen Corporation 2018 Q3 – Results – Earnings Call Slides” and published on August 02, 2018 is yet another important article.

Investors sentiment decreased to 0.99 in 2018 Q1. Its down 0.20, from 1.19 in 2017Q4. It fall, as 51 investors sold BLK shares while 357 reduced holdings. 99 funds opened positions while 306 raised stakes. 129.75 million shares or 0.11% more from 129.61 million shares in 2017Q4 were reported. Eaton Vance Mgmt holds 0.02% of its portfolio in BlackRock, Inc. (NYSE:BLK) for 14,121 shares. Quantum Cap Mngmt stated it has 2,999 shares or 0.39% of all its holdings. Beaumont Fincl Ptnrs Lc holds 0.03% or 542 shares. Mackay Shields Ltd Limited Liability Company has 24,128 shares for 0.08% of their portfolio. Oppenheimer Asset reported 0.12% stake. Zeke Capital Advsr Limited Liability Company holds 0.18% or 3,572 shares. Moreover, First Fincl In has 0.12% invested in BlackRock, Inc. (NYSE:BLK). Savant Cap Ltd Limited Liability Company owns 1,118 shares for 0.13% of their portfolio. E&G Advsrs Lp holds 0.58% or 2,500 shares in its portfolio. Eagle Ridge Investment Management holds 18,253 shares. First Manhattan has invested 0% in BlackRock, Inc. (NYSE:BLK). Charter Company invested in 0.34% or 5,160 shares. Natl Mutual Ins Federation Of Agricultural Cooperatives invested in 7,650 shares. Wellington Shields Capital Limited Liability owns 5,033 shares or 0.41% of their US portfolio. Calamos Llc invested 0.05% of its portfolio in BlackRock, Inc. (NYSE:BLK).

More notable recent BlackRock, Inc. (NYSE:BLK) news were published by: Seekingalpha.com which released: “BlackRock: Excellent 2nd-Quarter Earnings Should Please Investors” on July 17, 2018, also Benzinga.com with their article: “Back To Banks: More Financial Results In Ahead of Powell Testimony Later This Week” published on July 16, 2018, Seekingalpha.com published: “Two JPMorgan ETFs see massive inflows” on July 20, 2018. More interesting news about BlackRock, Inc. (NYSE:BLK) were released by: Globenewswire.com and their article: “BlackRock┬« Canada Announces July Cash Distributions for the iShares┬« ETFs” published on July 19, 2018 as well as Businesswire.com‘s news article titled: “BlackRock Announces Change to iShares Commodities Lineup” with publication date: August 10, 2018.

Bourgeon Capital Management Llc, which manages about $244.47M and $182.94M US Long portfolio, upped its stake in Bank Amer Corp (NYSE:BAC) by 65,480 shares to 207,590 shares, valued at $6.23 million in 2018Q1, according to the filing. It also increased its holding in Alphabet Inc. Class A by 348 shares in the quarter, for a total of 6,784 shares, and has risen its stake in Biogen Inc Common (NASDAQ:BIIB).

Among 18 analysts covering BlackRock (NYSE:BLK), 14 have Buy rating, 0 Sell and 4 Hold. Therefore 78% are positive. BlackRock had 93 analyst reports since August 26, 2015 according to SRatingsIntel. On Monday, July 11 the stock rating was maintained by Jefferies with “Hold”. The company was downgraded on Wednesday, January 4 by Goldman Sachs. The stock of BlackRock, Inc. (NYSE:BLK) has “Equal-Weight” rating given on Wednesday, August 24 by Barclays Capital. Deutsche Bank maintained the shares of BLK in report on Friday, August 5 with “Buy” rating. Keefe Bruyette & Woods maintained it with “Hold” rating and $440.0 target in Friday, September 15 report. Barclays Capital maintained the shares of BLK in report on Tuesday, August 9 with “Equal-Weight” rating. The firm earned “Buy” rating on Thursday, April 14 by Citigroup. As per Tuesday, January 26, the company rating was maintained by Deutsche Bank. Barclays Capital maintained it with “Overweight” rating and $595 target in Tuesday, July 17 report. The stock of BlackRock, Inc. (NYSE:BLK) earned “Equal-Weight” rating by Barclays Capital on Thursday, October 13.

AmerisourceBergen Corporation (NYSE:ABC) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


Recent Posts