AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) Chairman Steven H. Collis sold 15,000 shares of AmerisourceBergen Corporation (Holding Co) stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $94.76, for a total transaction of $1,421,400.00. Following the completion of the transaction, the chairman now directly owns 253,876 shares in the company, valued at $24,057,289.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of AmerisourceBergen Corporation (ABC) traded down 1.08% during mid-day trading on Friday, hitting $80.83. 2,882,893 shares of the company traded hands. The stock has a market capitalization of $17.65 billion, a PE ratio of 15.69 and a beta of 0.91. The firm’s 50 day moving average price is $93.75 and its 200-day moving average price is $89.47. AmerisourceBergen Corporation has a 1-year low of $68.38 and a 1-year high of $97.85.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.06. The business had revenue of $38.71 billion for the quarter, compared to analyst estimates of $39.13 billion. AmerisourceBergen Corporation (Holding Co) had a net margin of 0.77% and a return on equity of 60.21%. The company’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.37 EPS. On average, equities research analysts forecast that AmerisourceBergen Corporation will post $5.87 EPS for the current year.

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ABC has been the topic of a number of research reports. Vetr raised shares of AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “strong-buy” rating and set a $97.44 target price on the stock in a research note on Tuesday, April 18th. Zacks Investment Research cut shares of AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a research note on Monday, July 10th. Mizuho boosted their target price on shares of AmerisourceBergen Corporation (Holding Co) from $83.00 to $93.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 30th. BidaskClub raised shares of AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $95.00 target price on shares of AmerisourceBergen Corporation (Holding Co) in a research note on Thursday, July 13th. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $93.64.

A number of large investors have recently made changes to their positions in the company. RiverPoint Capital Management LLC raised its stake in shares of AmerisourceBergen Corporation (Holding Co) by 2.7% in the second quarter. RiverPoint Capital Management LLC now owns 54,469 shares of the company’s stock worth $5,149,000 after buying an additional 1,429 shares during the period. Pzena Investment Management LLC raised its stake in shares of AmerisourceBergen Corporation (Holding Co) by 4.0% in the second quarter. Pzena Investment Management LLC now owns 2,602 shares of the company’s stock worth $246,000 after buying an additional 100 shares during the period. Montag A & Associates Inc. raised its stake in shares of AmerisourceBergen Corporation (Holding Co) by 106.1% in the second quarter. Montag A & Associates Inc. now owns 84,853 shares of the company’s stock worth $8,021,000 after buying an additional 43,683 shares during the period. iAB Financial Bank raised its stake in shares of AmerisourceBergen Corporation (Holding Co) by 24.3% in the second quarter. iAB Financial Bank now owns 7,950 shares of the company’s stock worth $752,000 after buying an additional 1,555 shares during the period. Finally, Comprehensive Portfolio Management LLC purchased a new stake in shares of AmerisourceBergen Corporation (Holding Co) during the second quarter worth about $244,000. 68.82% 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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