AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) CFO Tim G. Guttman sold 11,600 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $82.78, for a total transaction of $960,248.00. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Tim G. Guttman also recently made the following trade(s):

  • On Wednesday, September 20th, Tim G. Guttman sold 11,600 shares of AmerisourceBergen Corporation (Holding Co) stock. The shares were sold at an average price of $79.47, for a total transaction of $921,852.00.

Shares of AmerisourceBergen Corporation (ABC) traded down 0.17% on Wednesday, hitting $82.74. 2,206,922 shares of the company traded hands. AmerisourceBergen Corporation has a 1-year low of $68.38 and a 1-year high of $97.85. The firm has a market capitalization of $18.13 billion, a P/E ratio of 21.56 and a beta of 0.96. The firm’s 50-day moving average is $80.66 and its 200 day moving average is $86.92.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last released its quarterly earnings data on Thursday, August 3rd. The company reported $1.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.06. AmerisourceBergen Corporation (Holding Co) had a net margin of 0.56% and a return on equity of 56.07%. The company had revenue of $38.71 billion during the quarter, compared to analyst estimates of $39.13 billion. During the same period in the prior year, the firm earned $1.37 earnings per share. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, analysts anticipate that AmerisourceBergen Corporation will post $5.88 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Monday, August 21st were paid a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend was Thursday, August 17th. AmerisourceBergen Corporation (Holding Co)’s dividend payout ratio (DPR) is presently 38.02%.

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A number of large investors have recently added to or reduced their stakes in ABC. BlackRock Inc. lifted its stake in AmerisourceBergen Corporation (Holding Co) by 1,139.3% in the first quarter. BlackRock Inc. now owns 12,673,530 shares of the company’s stock worth $1,121,608,000 after acquiring an additional 11,650,881 shares during the period. FIL Ltd purchased a new stake in AmerisourceBergen Corporation (Holding Co) in the first quarter worth about $269,043,000. Janus Henderson Group PLC lifted its stake in AmerisourceBergen Corporation (Holding Co) by 660.8% in the second quarter. Janus Henderson Group PLC now owns 2,574,746 shares of the company’s stock worth $243,392,000 after acquiring an additional 2,236,319 shares during the period. Bank of America Corp DE lifted its stake in AmerisourceBergen Corporation (Holding Co) by 97.7% in the first quarter. Bank of America Corp DE now owns 2,482,557 shares of the company’s stock worth $219,707,000 after acquiring an additional 1,227,051 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in AmerisourceBergen Corporation (Holding Co) by 42.9% in the second quarter. Wells Fargo & Company MN now owns 3,344,441 shares of the company’s stock worth $316,149,000 after acquiring an additional 1,003,327 shares during the period. 67.64% of the stock is owned by institutional investors.

ABC has been the subject of several analyst reports. Zacks Investment Research cut shares of AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a research report on Tuesday. ValuEngine lowered shares of AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “hold” rating in a report on Friday, September 1st. UBS AG decreased their price objective on shares of AmerisourceBergen Corporation (Holding Co) from $94.00 to $87.00 and set a “neutral” rating for the company in a report on Friday, August 4th. BidaskClub upgraded shares of AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Finally, Credit Suisse Group restated a “buy” rating and issued a $95.00 price objective on shares of AmerisourceBergen Corporation (Holding Co) in a report on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $91.86.

AmerisourceBergen Corporation (Holding Co) Company Profile

AmerisourceBergen Corporation is a pharmaceutical sourcing and distribution services company. The Company’s segments include Pharmaceutical Distribution and Other. The Company provides services to healthcare providers, and pharmaceutical and biotech manufacturers. As of June 30, 2016, the Pharmaceutical Distribution segment consists of two operating segments, including the operations of AmerisourceBergen Drug Corporation (ABDC) and AmerisourceBergen Specialty Group (ABSG), which distributes specialty drugs to their customers.

Insider Buying and Selling by Quarter for AmerisourceBergen Corporation (Holding Co) (NYSE:ABC)

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