AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) insider Gina Clark sold 1,273 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $80.94, for a total transaction of $103,036.62. Following the transaction, the insider now directly owns 10,830 shares in the company, valued at approximately $876,580.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of AmerisourceBergen Corporation (NYSE ABC) opened at 78.60 on Monday. The company’s 50-day moving average is $88.60 and its 200-day moving average is $89.03. The firm has a market capitalization of $17.22 billion, a price-to-earnings ratio of 20.48 and a beta of 0.91. AmerisourceBergen Corporation has a 12-month low of $68.38 and a 12-month high of $97.85.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $1.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.06. AmerisourceBergen Corporation (Holding Co) had a net margin of 0.56% and a return on equity of 56.07%. The business had revenue of $38.71 billion during the quarter, compared to analysts’ expectations of $39.13 billion. During the same period in the previous year, the company earned $1.37 earnings per share. AmerisourceBergen Corporation (Holding Co)’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, equities analysts forecast that AmerisourceBergen Corporation will post $5.88 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Monday, August 21st will be paid a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend is Thursday, August 17th. AmerisourceBergen Corporation (Holding Co)’s payout ratio is 38.02%.

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Hedge funds have recently modified their holdings of the company. Baker Ellis Asset Management LLC boosted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 1.8% in the first quarter. Baker Ellis Asset Management LLC now owns 49,730 shares of the company’s stock worth $4,401,000 after buying an additional 884 shares during the last quarter. Penobscot Investment Management Company Inc. boosted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 3.4% in the first quarter. Penobscot Investment Management Company Inc. now owns 5,730 shares of the company’s stock worth $507,000 after buying an additional 190 shares during the last quarter. Sigma Planning Corp purchased a new stake in shares of AmerisourceBergen Corporation (Holding Co) during the first quarter worth $1,292,000. First Manhattan Co. boosted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 3.7% in the first quarter. First Manhattan Co. now owns 254,266 shares of the company’s stock worth $20,539,000 after buying an additional 9,174 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. purchased a new stake in shares of AmerisourceBergen Corporation (Holding Co) during the first quarter worth $21,817,000. Institutional investors and hedge funds own 68.81% of the company’s stock.

A number of equities analysts have weighed in on ABC shares. Vetr downgraded shares of AmerisourceBergen Corporation (Holding Co) from a “strong-buy” rating to a “buy” rating and set a $97.44 price target on the stock. in a research note on Tuesday, May 9th. Jefferies Group LLC started coverage on shares of AmerisourceBergen Corporation (Holding Co) in a research note on Wednesday, May 17th. They set a “hold” rating and a $95.00 price target on the stock. Mizuho increased their price target 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, Bank of America Corporation downgraded shares of AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “neutral” rating and cut their price target for the stock from $95.76 to $94.00 in a research note on Friday, June 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $93.14.

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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