AmerisourceBergen Corp. (NYSE:ABC) insider Peyton R. Howell sold 17,800 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $89.70, for a total value of $1,596,660.00. The sale was disclosed in a filing with the SEC, which is available through this link.

AmerisourceBergen Corp. (NYSE:ABC) opened at $93.17 on Friday. The stock has a market capitalization of $20,318.70, a P/E ratio of 15.82, a PEG ratio of 1.61 and a beta of 1.00. The company has a quick ratio of 0.48, a current ratio of 0.91 and a debt-to-equity ratio of 1.83. AmerisourceBergen Corp. has a twelve month low of $71.90 and a twelve month high of $97.85.

AmerisourceBergen (NYSE:ABC) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.32 by $0.01. AmerisourceBergen had a return on equity of 56.29% and a net margin of 0.27%. The business had revenue of $39.12 billion for the quarter, compared to the consensus estimate of $40.10 billion. During the same quarter in the prior year, the business earned $1.30 earnings per share. AmerisourceBergen’s revenue for the quarter was up 4.2% on a year-over-year basis. analysts anticipate that AmerisourceBergen Corp. will post 6.07 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 4th. Investors of record on Monday, November 20th were paid a $0.38 dividend. This is an increase from AmerisourceBergen’s previous quarterly dividend of $0.37. The ex-dividend date was Friday, November 17th. This represents a $1.52 annualized dividend and a yield of 1.63%. AmerisourceBergen’s dividend payout ratio is presently 82.16%.

A number of institutional investors have recently bought and sold shares of ABC. Schwab Charles Investment Management Inc. lifted its stake in AmerisourceBergen by 1.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 598,831 shares of the company’s stock valued at $56,608,000 after purchasing an additional 6,096 shares during the last quarter. First Trust Advisors LP lifted its stake in AmerisourceBergen by 62.8% in the second quarter. First Trust Advisors LP now owns 256,643 shares of the company’s stock valued at $24,260,000 after purchasing an additional 99,003 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in AmerisourceBergen by 42.3% in the second quarter. Advisors Asset Management Inc. now owns 27,267 shares of the company’s stock valued at $2,578,000 after purchasing an additional 8,102 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in AmerisourceBergen by 11.6% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 85,983 shares of the company’s stock valued at $8,128,000 after purchasing an additional 8,912 shares during the last quarter. Finally, State of Wisconsin Investment Board lifted its stake in AmerisourceBergen by 6.0% in the second quarter. State of Wisconsin Investment Board now owns 144,798 shares of the company’s stock valued at $13,688,000 after purchasing an additional 8,140 shares during the last quarter. Institutional investors and hedge funds own 67.94% of the company’s stock.

A number of analysts have commented on ABC shares. Morgan Stanley lowered AmerisourceBergen from an “overweight” rating to an “equal weight” rating in a report on Thursday, September 14th. Mizuho set a $92.00 target price on AmerisourceBergen and gave the company a “hold” rating in a report on Tuesday, October 24th. Zacks Investment Research lowered AmerisourceBergen from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. ValuEngine lowered AmerisourceBergen from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Cowen raised AmerisourceBergen from a “market perform” rating to an “outperform” rating in a report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $93.20.

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About AmerisourceBergen

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 (NYSE:ABC)

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