AmerisourceBergen Corp. (NYSE:ABC) insider Robert P. Mauch sold 1,000 shares of the business’s stock in a transaction dated Wednesday, June 13th. The shares were sold at an average price of $90.00, for a total transaction of $90,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
AmerisourceBergen traded up $2.69, reaching $93.35, during mid-day trading on Thursday, according to Marketbeat Ratings. 144,494 shares of the stock were exchanged, compared to its average volume of 1,804,513. AmerisourceBergen Corp. has a 1 year low of $71.90 and a 1 year high of $106.27. The company has a market capitalization of $19.18 billion, a PE ratio of 15.84, a price-to-earnings-growth ratio of 1.33 and a beta of 1.02. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.48 and a current ratio of 0.94.
AmerisourceBergen (NYSE:ABC) last announced its quarterly earnings results on Wednesday, May 2nd. The company reported $1.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.83 by $0.13. AmerisourceBergen had a net margin of 0.57% and a return on equity of 51.04%. The firm had revenue of $41.03 billion for the quarter, compared to the consensus estimate of $40.56 billion. During the same period in the prior year, the firm posted $1.77 earnings per share. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. equities analysts expect that AmerisourceBergen Corp. will post 6.48 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, June 4th. Investors of record on Monday, May 21st were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend was Friday, May 18th. AmerisourceBergen’s dividend payout ratio (DPR) is presently 25.85%.
Several equities research analysts have recently weighed in on ABC shares. Argus upped their price target on shares of AmerisourceBergen from $93.96 to $115.00 and gave the stock a “buy” rating in a research report on Monday, March 5th. Cowen restated a “buy” rating and set a $108.00 price target on shares of AmerisourceBergen in a research note on Tuesday, February 27th. Bank of America started coverage on shares of AmerisourceBergen in a research note on Tuesday, February 27th. They set a “buy” rating and a $111.00 price target on the stock. Barclays initiated coverage on shares of AmerisourceBergen in a research note on Thursday, March 8th. They set an “equal weight” rating and a $104.00 price target on the stock. Finally, Zacks Investment Research lowered shares of AmerisourceBergen from a “buy” rating to a “hold” rating in a research note on Tuesday, March 20th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $103.07.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. BB&T Investment Services Inc. lifted its holdings in AmerisourceBergen by 11.0% during the fourth quarter. BB&T Investment Services Inc. now owns 13,959 shares of the company’s stock valued at $1,285,000 after purchasing an additional 1,379 shares in the last quarter. IBM Retirement Fund lifted its holdings in AmerisourceBergen by 48.8% during the first quarter. IBM Retirement Fund now owns 3,502 shares of the company’s stock valued at $302,000 after purchasing an additional 1,149 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in AmerisourceBergen by 33.3% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 12,813 shares of the company’s stock valued at $1,176,000 after purchasing an additional 3,200 shares in the last quarter. MML Investors Services LLC lifted its holdings in AmerisourceBergen by 75.7% during the fourth quarter. MML Investors Services LLC now owns 20,999 shares of the company’s stock valued at $1,928,000 after purchasing an additional 9,045 shares in the last quarter. Finally, LVW Advisors LLC lifted its holdings in AmerisourceBergen by 3.6% during the fourth quarter. LVW Advisors LLC now owns 30,839 shares of the company’s stock valued at $2,832,000 after purchasing an additional 1,058 shares in the last quarter. 66.18% of the stock is currently owned by hedge funds and other institutional investors.
AmerisourceBergen Corporation sources and distributes pharmaceutical products in the United States and internationally. Its Pharmaceutical Distribution segment distributes brand-name and generic pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, outsourced compounded sterile preparations, and related services to various healthcare providers, including acute care hospitals and health systems, independent and chain retail pharmacies, mail order pharmacies, medical clinics, long-term care and other alternate site pharmacies, and other customers.
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