AmerisourceBergen Corporation (Holding Co) (ABC) Insider Dale Danilewitz Sells 2,012 Shares

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) insider Dale Danilewitz sold 2,012 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $74.99, for a total value of $150,879.88. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

  • On Thursday, October 5th, Dale Danilewitz sold 2,012 shares of AmerisourceBergen Corporation (Holding Co) stock. The stock was sold at an average price of $85.00, for a total value of $171,020.00.

Shares of AmerisourceBergen Corporation (NYSE ABC) traded down $1.82 during trading on Friday, reaching $74.80. The company had a trading volume of 2,722,070 shares, compared to its average volume of 2,235,893. The firm has a market capitalization of $16.05 billion, a price-to-earnings ratio of 12.43 and a beta of 0.95.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last announced its earnings results on Thursday, November 2nd. The company reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.01. AmerisourceBergen Corporation (Holding Co) had a return on equity of 55.99% and a net margin of 0.27%. The business had revenue of $39.12 billion for the quarter, compared to analyst estimates of $40.10 billion. During the same quarter last year, the firm earned $1.30 EPS. AmerisourceBergen Corporation (Holding Co)’s revenue for the quarter was up 4.2% compared to the same quarter last year. equities analysts forecast that AmerisourceBergen Corporation will post 6.02 earnings per share for the current fiscal year.

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ABC has been the topic of a number of recent analyst reports. Zacks Investment Research cut AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Robert W. Baird upgraded AmerisourceBergen Corporation (Holding Co) from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $89.00 to $96.00 in a report on Thursday, October 5th. ValuEngine cut AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Cowen and Company upgraded AmerisourceBergen Corporation (Holding Co) from a “market perform” rating to an “outperform” rating in a report on Tuesday, October 10th. Finally, UBS AG cut their price objective on AmerisourceBergen Corporation (Holding Co) from $94.00 to $87.00 and set a “neutral” rating on the stock in a report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $91.13.

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in AmerisourceBergen Corporation (Holding Co) by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 15,653,245 shares of the company’s stock valued at $1,479,701,000 after buying an additional 304,628 shares during the last quarter. Franklin Resources Inc. increased its position in shares of AmerisourceBergen Corporation (Holding Co) by 23.1% during the 2nd quarter. Franklin Resources Inc. now owns 3,902,289 shares of the company’s stock worth $368,884,000 after purchasing an additional 731,466 shares during the last quarter. FIL Ltd increased its position in shares of AmerisourceBergen Corporation (Holding Co) by 14.4% during the 2nd quarter. FIL Ltd now owns 3,477,157 shares of the company’s stock worth $328,696,000 after purchasing an additional 437,132 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of AmerisourceBergen Corporation (Holding Co) by 42.9% during the 2nd quarter. Wells Fargo & Company MN now owns 3,344,441 shares of the company’s stock worth $316,149,000 after purchasing an additional 1,003,327 shares during the last quarter. Finally, Burgundy Asset Management Ltd. increased its position 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 last quarter. 67.49% of the stock is currently owned by institutional investors and hedge funds.

AmerisourceBergen Corporation (Holding Co) Company Profile

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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