AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) Director Richard W. Gochnauer sold 2,000 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $85.00, for a total value of $170,000.00. Following the transaction, the director now directly owns 12,947 shares in the company, valued at $1,100,495. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

AmerisourceBergen Corporation (NYSE ABC) traded up $0.16 during mid-day trading on Thursday, hitting $84.82. 1,808,323 shares of the stock traded hands, compared to its average volume of 1,789,777. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.48 and a current ratio of 0.91. AmerisourceBergen Corporation has a twelve month low of $71.90 and a twelve month high of $97.85. The stock has a market cap of $18,133.52, a price-to-earnings ratio of 14.12, a P/E/G ratio of 1.44 and a beta of 0.95.

AmerisourceBergen (NYSE:ABC) last posted its earnings results on Thursday, November 2nd. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.01. AmerisourceBergen had a net margin of 0.27% and a return on equity of 56.29%. The business had revenue of $39.12 billion for the quarter, compared to analyst estimates of $40.10 billion. During the same period in the prior year, the company posted $1.30 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. research analysts expect that AmerisourceBergen Corporation will post 6.06 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Monday, November 20th will be paid a $0.38 dividend. The ex-dividend date is Friday, November 17th. This is a positive change from AmerisourceBergen’s previous quarterly dividend of $0.37. This represents a $1.52 dividend on an annualized basis and a yield of 1.79%. AmerisourceBergen’s dividend payout ratio (DPR) is currently 82.16%.

Several research firms recently issued reports on ABC. Zacks Investment Research raised AmerisourceBergen from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Leerink Swann set a $90.00 target price on AmerisourceBergen and gave the company a “buy” rating in a research report on Monday, August 7th. Needham & Company LLC upped their target price on AmerisourceBergen from $86.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, November 22nd. BidaskClub downgraded AmerisourceBergen from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, Royal Bank Of Canada began coverage on AmerisourceBergen in a research report on Tuesday, September 19th. They issued a “sector perform” rating and a $87.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, six 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 target price of $91.14.

A number of institutional investors have recently modified their holdings of ABC. Campbell & CO Investment Adviser LLC purchased a new position in AmerisourceBergen in the 2nd quarter valued at about $219,000. Municipal Employees Retirement System of Michigan lifted its stake in AmerisourceBergen by 49.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 8,060 shares of the company’s stock valued at $762,000 after buying an additional 2,670 shares in the last quarter. NGAM Advisors L.P. raised its holdings in AmerisourceBergen by 27.8% in the 2nd quarter. NGAM Advisors L.P. now owns 61,785 shares of the company’s stock valued at $5,841,000 after acquiring an additional 13,432 shares during the last quarter. IBM Retirement Fund raised its holdings in AmerisourceBergen by 28.3% in the 2nd quarter. IBM Retirement Fund now owns 2,353 shares of the company’s stock valued at $222,000 after acquiring an additional 519 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in AmerisourceBergen by 5.5% in the 2nd quarter. Janney Montgomery Scott LLC now owns 20,663 shares of the company’s stock valued at $1,953,000 after acquiring an additional 1,080 shares during the last quarter. 68.22% of the stock is currently owned by hedge funds and other institutional investors.

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About AmerisourceBergen

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 (NYSE:ABC)

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