The AmerisourceBergen Corporation (Holding Co) (ABC) Chairman Sells $1375950.00 in Stock

Xavier Trudeau
Juin 20, 2017

Finally, Alpha Windward LLC increased its position in shares of AmerisourceBergen Corporation (Holding Co) by 1.8% in the first quarter.

ABC has been the subject of several recent analyst reports. Point72 Asia Hong Kong Ltd bought a new stake in shares of AmerisourceBergen Corporation (Holding Co) during the first quarter worth approximately $105,000. The firm owned 12,806 shares of the company's stock at the end of the first quarter. BlackRock Inc. boosted its position in AmerisourceBergen Corp.by 1,139.3% in the first quarter. JPMorgan Chase & Co. raised its stake in shares of AmerisourceBergen Corporation (Holding Co) by 10.4% in the first quarter. Reinhart Partners Inc. now owns 4,040 shares of the company's stock worth $358,000 after buying an additional 25 shares in the last quarter. Park National Corp OH increased its stake in AmerisourceBergen Corporation (Holding Co) by 0.7% in the first quarter. Park National Corp OH now owns 4,029 shares of the company's stock worth $357,000 after buying an additional 29 shares in the last quarter. Norges Bank acquired a new position in AmerisourceBergen Corp. during the fourth quarter worth about $147,775,000. Alpha Windward LLC now owns 2,148 shares of the company's stock worth $190,000 after buying an additional 39 shares in the last quarter.

Shares of AmerisourceBergen Corporation (NYSE:ABC) traded up 0.74% during mid-day trading on Wednesday, reaching $93.69. Employees Retirement System of Texas now owns 16,000 shares of the company's stock worth $1,251,000 after buying an additional 5,000 shares in the last quarter. The stock has a market capitalization of $20.20 billion, a price-to-earnings ratio of 17.96 and a beta of 0.93.

AmerisourceBergen Corp. has a 12 month low of $68.38 and a 12 month high of $95.18. The company's 50 day moving average is $89.44 and its 200 day moving average is $86.27.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last issued its quarterly earnings results on Thursday, May 4th. The company reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.09. The business had revenue of $37.15 billion during the quarter, compared to analyst estimates of $38.07 billion.

AmerisourceBergen Corp. had a return on equity of 71.05% and a net margin of 1.11%. AmerisourceBergen Corporation (Holding Co)'s revenue for the quarter was up 4.1% compared to the same quarter a year ago. During the same quarter in the previous year, the firm earned $1.68 EPS. Analysts forecast that AmerisourceBergen Corp. will post $5.87 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, June 5th. Shareholders of record on Monday, May 22nd were paid a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend was Thursday, May 18th. AmerisourceBergen Corporation (Holding Co)'s dividend payout ratio (DPR) is presently 28.24%.

WARNING: This report was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another website, it was illegally stolen and reposted in violation of global trademark & copyright laws. The correct version of this piece can be accessed at https://baseballnewssource.com/markets/amerisourcebergen-corp-abc-upgraded-to-strong-buy-at-vetr-inc-updated-updated-updated/789815.html. Leerink Swann downgraded the shares of ABC in report on Friday, November 4 to "Mkt Perform" rating. BidaskClub raised shares of AmerisourceBergen Corporation (Holding Co) from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Jefferies Group LLC assumed coverage on AmerisourceBergen Corporation (Holding Co) in a research report on Wednesday, May 17th. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. AmerisourceBergen Corporation (Holding Co) has a consensus rating of "Buy" and a consensus target price of $94.71. Needham & Company LLC began coverage on AmerisourceBergen Corporation (Holding Co) in a research note on Tuesday, April 4th. They issued a "buy" rating and a $99.00 target price on the stock. The company now has an average rating of "Buy" and an average price target of $94.71.

In other news, Chairman Steven H. Collis sold 15,000 shares of the business's stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $88.35, for a total value of $1,325,250.00. Following the sale, the chairman now directly owns 253,876 shares in the company, valued at $23,288,045.48. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold 45,000 shares of company stock valued at $3,930,900 over the last ninety days. The company was upgraded on Monday, July 27 by TheStreet.

AmerisourceBergen Corporation is a pharmaceutical sourcing and distribution services company. The Company's divisions include Pharmaceutical Distribution and Other. The Firm provides services to healthcare providers, and pharmaceutical and biotech manufacturers.

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