CENCORA Discloses $50,000 in Lobbying Efforts for Q4 2024
Recent lobbying activities reveal a significant investment by CENCORA, formerly known as AmerisourceBergen Corporation. The company disclosed a total of $50,000 in lobbying expenditures in its Q4 2024 filing.
Key Lobbying Issues Addressed
CENCORA’s lobbying efforts focused on several critical issues, including:
- Concerns about Medicare Part B
- Drug pricing and access, particularly related to the Inflation Reduction Act
- Issues surrounding drug shortages
- Medicare physician reimbursement matters
- HR 405 – EMSSA
- HR 5378 – Lower Costs, More Transparency Act
- S. 2973 – Modernizing and Ensuring PBM Accountability Act
- HR 5526 – Seniors’ Access to Critical Medications Act of 2023
- S. 2764 and HR 5391 – Protecting Patient Access to Cancer and Complex Therapies Act
For more insights on corporate lobbying, visit Quiver Quantitative.
Insider Trading Activity at CENCORA
Over the past six months, insiders at CENCORA have conducted a total of 10 trades involving $COR stock. Notably, all of these trades were sales, with no purchases made.
Recent Stock Trading Breakdown
- SILVANA BATTAGLIA (Executive Vice President) executed 2 trades, selling a total of 3,151 shares.
- LAZARUS KRIKORIAN (SVP & Chief Accounting Officer) sold 1,816 shares.
- STEVEN H COLLIS (Executive Chairman) performed 6 trades, offloading 136,036 shares in total.
- BOOTS ALLIANCE, INC. WALGREENS sold 4,438,171 shares.
You can track insider transactions using Quiver Quantitative’s dashboard.
Hedge Fund Activity Surrounding CENCORA
In the most recent quarter, 560 institutional investors increased their holdings in $COR stock, while 470 reduced their positions.
Notable Hedge Fund Movements
- WALGREENS BOOTS ALLIANCE, INC. decreased its holdings by 4,438,171 shares (-18.2%) in Q3 2024.
- PACER ADVISORS, INC. raised their positions by 2,035,679 shares (+6855.3%) during the same period.
- BANK OF AMERICA CORP /DE/ cut back by 1,858,632 shares (-36.4%) in Q3 2024.
- FMR LLC sold 1,089,917 shares (-21.0%) in Q3 2024.
- VANGUARD GROUP INC added 1,076,944 shares (+5.3%) this quarter.
- JPMORGAN CHASE & CO reduced their holdings by 631,245 shares (-13.5%).
- NORDEA INVESTMENT MANAGEMENT AB boosted their shares by 610,592 (+386.7%).
To monitor hedge fund portfolios, check out Quiver Quantitative’s institutional holdings dashboard.
This article is not financial advice. Refer to Quiver Quantitative’s disclaimers for further information.
The views and opinions expressed herein are solely those of the author and do not necessarily reflect those of Nasdaq, Inc.
