AmerisourceBergen Corporation (Holding Co) (ABC) Insider Dale Danilewitz Sells 1,857 Shares of Stock

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) insider Dale Danilewitz sold 1,857 shares of AmerisourceBergen Corporation (Holding Co) stock in a transaction on Monday, November 13th. The shares were sold at an average price of $74.69, for a total transaction of $138,699.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Dale Danilewitz also recently made the following trade(s):

  • On Thursday, November 2nd, Dale Danilewitz sold 2,012 shares of AmerisourceBergen Corporation (Holding Co) stock. The shares were sold at an average price of $74.99, for a total transaction of $150,879.88.
  • On Thursday, October 5th, Dale Danilewitz sold 2,012 shares of AmerisourceBergen Corporation (Holding Co) stock. The shares were sold at an average price of $85.00, for a total transaction of $171,020.00.

AmerisourceBergen Corporation (ABC) remained flat at $$75.40 during mid-day trading on Wednesday. The stock had a trading volume of 1,863,300 shares, compared to its average volume of 1,784,948. AmerisourceBergen Corporation has a 52-week low of $71.90 and a 52-week high of $97.85. The company has a current ratio of 0.91, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62. The stock has a market capitalization of $16,520.97, a PE ratio of 12.80, a PEG ratio of 1.31 and a beta of 0.95.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last released its quarterly earnings results on Thursday, November 2nd. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.01. AmerisourceBergen Corporation (Holding Co) had a net margin of 0.27% and a return on equity of 55.99%. The firm had revenue of $39.12 billion during the quarter, compared to analysts’ expectations of $40.10 billion. During the same period in the previous year, the company earned $1.30 EPS. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. analysts anticipate that AmerisourceBergen Corporation will post 6.04 EPS for the current year.

The company 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 dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 17th. This is a boost from AmerisourceBergen Corporation (Holding Co)’s previous quarterly dividend of $0.37. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.02%. AmerisourceBergen Corporation (Holding Co)’s payout ratio is currently 78.92%.

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A number of analysts have issued reports on the stock. Cowen and Company upgraded shares of AmerisourceBergen Corporation (Holding Co) from a “market perform” rating to an “outperform” rating in a report on Tuesday, October 10th. Jefferies Group LLC set a $85.00 price target on shares of AmerisourceBergen Corporation (Holding Co) and gave the company a “hold” rating in a report on Sunday, October 29th. Zacks Investment Research downgraded shares of AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Leerink Swann set a $90.00 price objective on shares of AmerisourceBergen Corporation (Holding Co) and gave the stock a “buy” rating in a research note on Monday, August 7th. Finally, Morgan Stanley cut shares of AmerisourceBergen Corporation (Holding Co) from an “overweight” rating to an “equal weight” rating in a research note on Thursday, September 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $90.94.

Hedge funds have recently added to or reduced their stakes in the stock. First Merchants Corp boosted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 160.5% during the 3rd quarter. First Merchants Corp now owns 27,342 shares of the company’s stock worth $2,262,000 after purchasing an additional 16,848 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 23.3% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,459 shares of the company’s stock worth $369,000 after purchasing an additional 842 shares during the period. Wedge Capital Management L L P NC boosted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 17.3% during the 3rd quarter. Wedge Capital Management L L P NC now owns 494,216 shares of the company’s stock worth $40,896,000 after purchasing an additional 72,743 shares during the period. Achmea Investment Management B.V. boosted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 7.8% during the 2nd quarter. Achmea Investment Management B.V. now owns 29,338 shares of the company’s stock worth $2,770,000 after purchasing an additional 2,123 shares during the period. Finally, Burgundy Asset Management Ltd. boosted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 3.3% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 2,649,123 shares of the company’s stock worth $250,422,000 after purchasing an additional 84,163 shares during the period. 66.84% of the stock is owned by hedge funds and other institutional investors.

About AmerisourceBergen Corporation (Holding Co)

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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