AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) EVP Peyton R. Howell sold 3,000 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $74.87, for a total transaction of $224,610.00. Following the transaction, the executive vice president now directly owns 38,335 shares of the company’s stock, valued at approximately $2,870,141.45. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

AmerisourceBergen Corporation (NYSE ABC) traded down $0.27 during trading on Monday, hitting $75.00. The stock had a trading volume of 3,005,700 shares, compared to its average volume of 1,779,507. The stock has a market cap of $16,433.32, a PE ratio of 12.73, a P/E/G ratio of 1.31 and a beta of 0.95. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.48 and a current ratio of 0.91. AmerisourceBergen Corporation has a 12 month low of $71.90 and a 12 month high of $97.85.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last released its earnings results on Thursday, November 2nd. The company reported $1.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.01. The company had revenue of $39.12 billion during the quarter, compared to analysts’ expectations of $40.10 billion. AmerisourceBergen Corporation (Holding Co) had a return on equity of 55.99% and a net margin of 0.27%. The business’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.30 EPS. equities analysts forecast that AmerisourceBergen Corporation will post 6.04 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 20th will be paid a dividend of $0.38 per share. This is a boost from AmerisourceBergen Corporation (Holding Co)’s previous quarterly dividend of $0.37. This represents a $1.52 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Friday, November 17th. AmerisourceBergen Corporation (Holding Co)’s dividend payout ratio is 78.92%.

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A number of research analysts have recently commented on ABC shares. BidaskClub downgraded shares of AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. UBS AG dropped 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 research note on Friday, August 4th. Zacks Investment Research raised shares of AmerisourceBergen Corporation (Holding Co) from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. TheStreet downgraded shares of AmerisourceBergen Corporation (Holding Co) from a “b” rating to a “c+” rating in a research note on Thursday, August 3rd. Finally, Leerink Swann set a $90.00 price objective on shares of AmerisourceBergen Corporation (Holding Co) and gave the company a “buy” rating in a research note on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $90.94.

Several institutional investors have recently added to or reduced their stakes in the company. Argent Trust Co boosted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 5.9% during the 3rd quarter. Argent Trust Co now owns 18,954 shares of the company’s stock valued at $1,569,000 after buying an additional 1,062 shares during the last quarter. BB&T Investment Services Inc. raised its position in shares of AmerisourceBergen Corporation (Holding Co) by 14.3% during the 3rd quarter. BB&T Investment Services Inc. now owns 12,580 shares of the company’s stock valued at $1,062,000 after acquiring an additional 1,570 shares in the last quarter. Sompo Japan Nipponkoa Asset Management CO. LTD. acquired a new stake in shares of AmerisourceBergen Corporation (Holding Co) during the 3rd quarter valued at approximately $8,022,000. Mackenzie Financial Corp raised its position in shares of AmerisourceBergen Corporation (Holding Co) by 5.4% during the 3rd quarter. Mackenzie Financial Corp now owns 138,817 shares of the company’s stock valued at $11,487,000 after acquiring an additional 7,151 shares in the last quarter. Finally, Stifel Financial Corp raised its position in shares of AmerisourceBergen Corporation (Holding Co) by 4.4% during the 3rd quarter. Stifel Financial Corp now owns 48,303 shares of the company’s stock valued at $3,996,000 after acquiring an additional 2,038 shares in the last quarter. Institutional investors own 66.84% 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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