AmerisourceBergen Corp. (ABC) Insider Sells $495,020.40 in Stock
AmerisourceBergen Corp. (NYSE:ABC) insider Dale Danilewitz sold 5,703 shares of the company’s stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of $86.80, for a total transaction of $495,020.40. Following the completion of the sale, the insider now directly owns 8,960 shares of the company’s stock, valued at $777,728. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of AmerisourceBergen stock opened at $84.31 on Monday. The stock has a market capitalization of $17.80 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 1.55 and a beta of 1.12. The company has a quick ratio of 0.53, a current ratio of 0.94 and a debt-to-equity ratio of 1.43. AmerisourceBergen Corp. has a one year low of $69.36 and a one year high of $102.00.
AmerisourceBergen (NYSE:ABC) last announced its earnings results on Thursday, January 31st. The company reported $1.60 EPS for the quarter, topping the Zacks’ consensus estimate of $1.50 by $0.10. The business had revenue of $45.39 billion during the quarter, compared to the consensus estimate of $43.52 billion. AmerisourceBergen had a net margin of 0.69% and a return on equity of 44.53%. On average, sell-side analysts anticipate that AmerisourceBergen Corp. will post 6.75 EPS for the current year.
A number of institutional investors have recently made changes to their positions in ABC. FMR LLC increased its holdings in shares of AmerisourceBergen by 8.2% during the second quarter. FMR LLC now owns 4,460,016 shares of the company’s stock valued at $380,305,000 after acquiring an additional 338,690 shares in the last quarter. Denali Advisors LLC acquired a new position in shares of AmerisourceBergen during the third quarter valued at about $360,000. Atria Investments LLC increased its holdings in shares of AmerisourceBergen by 11.5% during the third quarter. Atria Investments LLC now owns 14,613 shares of the company’s stock valued at $1,348,000 after acquiring an additional 1,502 shares in the last quarter. Lourd Capital LLC acquired a new position in shares of AmerisourceBergen during the third quarter valued at about $282,000. Finally, DNB Asset Management AS increased its holdings in shares of AmerisourceBergen by 11.8% during the third quarter. DNB Asset Management AS now owns 23,530 shares of the company’s stock valued at $2,170,000 after acquiring an additional 2,482 shares in the last quarter. Institutional investors and hedge funds own 66.10% of the company’s stock.
A number of research firms recently weighed in on ABC. Barclays reaffirmed a “hold” rating and issued a $84.00 price objective on shares of AmerisourceBergen in a research note on Sunday, January 6th. ValuEngine lowered shares of AmerisourceBergen from a “hold” rating to a “sell” rating in a research note on Monday, January 7th. Zacks Investment Research raised shares of AmerisourceBergen from a “sell” rating to a “hold” rating in a research note on Thursday, November 22nd. Morgan Stanley boosted their target price on shares of AmerisourceBergen from $88.00 to $91.00 and gave the stock an “equal weight” rating in a report on Monday, December 3rd. Finally, Royal Bank of Canada reduced their target price on shares of AmerisourceBergen from $90.00 to $87.00 and set a “hold” rating for the company in a report on Friday, November 30th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $96.00.
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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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