Amerisourcebergen Corp. (ABC) Position Has Boosted by Cardinal Capital Management Inc; As Us Bancorp Del (USB) Stock Price Declined, Virtu Financial Has Decreased Holding

May 21, 2018 - By Michael Collier

AmerisourceBergen Corporation (NYSE:ABC) Logo

Cardinal Capital Management Inc increased its stake in Amerisourcebergen Corp. (ABC) by 16.89% based on its latest 2017Q4 regulatory filing with the SEC. Cardinal Capital Management Inc bought 22,960 shares as the company’s stock declined 9.14% with the market. The institutional investor held 158,880 shares of the other pharmaceuticals company at the end of 2017Q4, valued at $14.59M, up from 135,920 at the end of the previous reported quarter. Cardinal Capital Management Inc who had been investing in Amerisourcebergen Corp. for a number of months, seems to be bullish on the $18.59 billion market cap company. The stock decreased 0.24% or $0.2 during the last trading session, reaching $84.57. About 316,026 shares traded. AmerisourceBergen Corporation (NYSE:ABC) has declined 3.97% since May 21, 2017 and is downtrending. It has underperformed by 15.52% the S&P500.

Virtu Financial Llc decreased its stake in Us Bancorp Del (USB) by 67.05% based on its latest 2017Q4 regulatory filing with the SEC. Virtu Financial Llc sold 29,864 shares as the company’s stock declined 8.45% with the market. The institutional investor held 14,676 shares of the major banks company at the end of 2017Q4, valued at $786,000, down from 44,540 at the end of the previous reported quarter. Virtu Financial Llc who had been investing in Us Bancorp Del for a number of months, seems to be less bullish one the $83.52B market cap company. The stock increased 0.59% or $0.3 during the last trading session, reaching $50.85. About 1.58M shares traded. U.S. Bancorp (NYSE:USB) has declined 4.48% since May 21, 2017 and is downtrending. It has underperformed by 16.03% the S&P500.

Cardinal Capital Management Inc, which manages about $1.84 billion and $1.18B US Long portfolio, decreased its stake in Canadian National Railway Co. (NYSE:CNI) by 16,209 shares to 540,424 shares, valued at $44.75M in 2017Q4, according to the filing. It also reduced its holding in Honeywell International Inc. (NYSE:HON) by 6,375 shares in the quarter, leaving it with 111,243 shares, and cut its stake in United Technologies Corp. (NYSE:UTX).

Among 20 analysts covering AmerisourceBergen (NYSE:ABC), 12 have Buy rating, 0 Sell and 8 Hold. Therefore 60% are positive. AmerisourceBergen had 74 analyst reports since July 27, 2015 according to SRatingsIntel. Needham maintained the shares of ABC in report on Tuesday, October 24 with “Buy” rating. The firm earned “Hold” rating on Tuesday, August 25 by Zacks. The stock of AmerisourceBergen Corporation (NYSE:ABC) earned “Neutral” rating by Bank of America on Friday, June 30. The firm has “Buy” rating by Needham given on Tuesday, January 30. The company was maintained on Tuesday, November 17 by Credit Suisse. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, May 6. The company was maintained on Friday, October 27 by Jefferies. The rating was maintained by Needham with “Buy” on Friday, September 8. The firm earned “Mkt Outperform” rating on Tuesday, October 4 by Avondale. The rating was downgraded by Morgan Stanley to “Underweight” on Friday, October 2.

More notable recent AmerisourceBergen Corporation (NYSE:ABC) news were published by: Streetinsider.com which released: “Glenview Capital Enters AmerisourceBergen (ABC), Express Scripts (ESRX), T-Mobile (TMUS) (more…) -13F” on May 15, 2018, also Seekingalpha.com with their article: “More states sue over opioid epidemic” published on May 16, 2018, Seekingalpha.com published: “Key events next week – healthcare” on April 27, 2018. More interesting news about AmerisourceBergen Corporation (NYSE:ABC) were released by: Seekingalpha.com and their article: “Trump set to unveil drug price policy” published on May 07, 2018 as well as Seekingalpha.com‘s news article titled: “AmerisourceBergen Corporation 2018 Q2 – Results – Earnings Call Slides” with publication date: May 02, 2018.

Analysts await U.S. Bancorp (NYSE:USB) to report earnings on July, 18. They expect $1.00 earnings per share, up 17.65% or $0.15 from last year’s $0.85 per share. USB’s profit will be $1.64 billion for 12.71 P/E if the $1.00 EPS becomes a reality. After $0.95 actual earnings per share reported by U.S. Bancorp for the previous quarter, Wall Street now forecasts 5.26% EPS growth.

Investors sentiment increased to 0.96 in Q4 2017. Its up 0.07, from 0.89 in 2017Q3. It is positive, as 38 investors sold USB shares while 462 reduced holdings. 118 funds opened positions while 361 raised stakes. 1.18 billion shares or 1.20% less from 1.20 billion shares in 2017Q3 were reported. Mountain Pacific Inv Advisers Id accumulated 0.99% or 174,826 shares. Fayez Sarofim & invested in 10,980 shares. Guardian Life Of America accumulated 0.06% or 5,147 shares. Riverbridge Prns Ltd Company reported 43,170 shares stake. Banque Pictet & Cie Sa holds 92,048 shares. Aureus Asset Llc reported 4,500 shares stake. Mitchell Mcleod Pugh Williams Inc invested 0.78% in U.S. Bancorp (NYSE:USB). Amica Mutual Ins, a Rhode Island-based fund reported 157,839 shares. Commerce Retail Bank reported 355,724 shares or 0.25% of all its holdings. Ls Advisors Limited Liability Company owns 0.46% invested in U.S. Bancorp (NYSE:USB) for 146,883 shares. State Street reported 0.32% in U.S. Bancorp (NYSE:USB). Zeke Advsr Ltd Liability accumulated 81,835 shares or 0.46% of the stock. New York-based Blackrock has invested 0.28% in U.S. Bancorp (NYSE:USB). Supplemental Annuity Collective Trust Of Nj has invested 0.58% in U.S. Bancorp (NYSE:USB). Stephens Ar accumulated 141,588 shares.

Virtu Financial Llc, which manages about $1.89 billion US Long portfolio, upped its stake in Flexshares Tr (TDTT) by 158,256 shares to 178,275 shares, valued at $4.34M in 2017Q4, according to the filing. It also increased its holding in Vaneck Merk Gold Trust by 284,852 shares in the quarter, for a total of 345,484 shares, and has risen its stake in Bp Plc (NYSE:BP).

U.S. Bancorp (NYSE:USB) Institutional Positions Chart

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