AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) insider Dale Danilewitz sold 2,012 shares of the stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $85.00, for a total transaction of $171,020.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

AmerisourceBergen Corporation (NYSE:ABC) traded up 1.53% during trading on Tuesday, reaching $79.55. 1,620,280 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $80.86 and a 200 day moving average price of $86.78. The firm has a market capitalization of $17.43 billion, a price-to-earnings ratio of 20.73 and a beta of 0.96. AmerisourceBergen Corporation has a 52 week low of $68.38 and a 52 week high of $97.85.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last issued its earnings results on Thursday, August 3rd. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.37 by $0.06. The company had revenue of $38.71 billion for the quarter, compared to analyst estimates of $39.13 billion. AmerisourceBergen Corporation (Holding Co) had a net margin of 0.56% and a return on equity of 56.07%. The business’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.37 EPS. Equities research analysts forecast that AmerisourceBergen Corporation will post $5.88 earnings per share for the current fiscal year.

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A number of analysts recently issued reports on ABC shares. Morgan Stanley downgraded shares of AmerisourceBergen Corporation (Holding Co) from an “overweight” rating to an “equal weight” rating in a report on Thursday, September 14th. ValuEngine downgraded shares of AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub raised shares of AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Jefferies Group LLC reissued a “hold” rating and set a $95.00 price target on shares of AmerisourceBergen Corporation (Holding Co) in a report on Wednesday, June 21st. Finally, Bank of America Corporation downgraded shares of AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $95.76 to $94.00 in a report on Friday, June 30th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $91.95.

Hedge funds and other institutional investors have recently modified their holdings of the business. Parallel Advisors LLC boosted its position in shares of AmerisourceBergen Corporation (Holding Co) by 3.2% during the 2nd quarter. Parallel Advisors LLC now owns 1,109 shares of the company’s stock worth $104,000 after purchasing an additional 34 shares in the last quarter. Point72 Asia Hong Kong Ltd acquired a new position in shares of AmerisourceBergen Corporation (Holding Co) during the 1st quarter worth $105,000. American Beacon Advisors Inc. acquired a new position in shares of AmerisourceBergen Corporation (Holding Co) during the 1st quarter worth $108,000. SRS Capital Advisors Inc. raised its stake in shares of AmerisourceBergen Corporation (Holding Co) by 0.3% during the 1st quarter. SRS Capital Advisors Inc. now owns 1,235 shares of the company’s stock worth $109,000 after buying an additional 4 shares during the last quarter. Finally, Sun Life Financial INC raised its stake in shares of AmerisourceBergen Corporation (Holding Co) by 15,000.0% during the 2nd quarter. Sun Life Financial INC now owns 1,208 shares of the company’s stock worth $114,000 after buying an additional 1,200 shares during the last quarter. Institutional investors own 67.64% of the company’s stock.

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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