Insider Selling: AmerisourceBergen Corp. (NYSE:ABC) Insider Sells 5,702 Shares of Stock

AmerisourceBergen Corp. (NYSE:ABC) insider Dale Danilewitz sold 5,702 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $77.61, for a total transaction of $442,532.22. Following the transaction, the insider now owns 7,330 shares in the company, valued at $568,881.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Thursday, May 23rd, Dale Danilewitz sold 543 shares of AmerisourceBergen stock. The stock was sold at an average price of $81.16, for a total transaction of $44,069.88.
  • On Tuesday, April 23rd, Dale Danilewitz sold 543 shares of AmerisourceBergen stock. The stock was sold at an average price of $71.20, for a total transaction of $38,661.60.
  • On Monday, April 8th, Dale Danilewitz sold 5,703 shares of AmerisourceBergen stock. The stock was sold at an average price of $77.22, for a total transaction of $440,385.66.
  • On Monday, March 25th, Dale Danilewitz sold 543 shares of AmerisourceBergen stock. The stock was sold at an average price of $78.77, for a total value of $42,772.11.
  • On Thursday, March 7th, Dale Danilewitz sold 5,702 shares of AmerisourceBergen stock. The stock was sold at an average price of $77.02, for a total value of $439,168.04.
  • On Monday, February 25th, Dale Danilewitz sold 543 shares of AmerisourceBergen stock. The stock was sold at an average price of $86.30, for a total value of $46,860.90.
  • On Thursday, February 7th, Dale Danilewitz sold 5,703 shares of AmerisourceBergen stock. The stock was sold at an average price of $86.80, for a total value of $495,020.40.

AmerisourceBergen stock opened at $77.86 on Friday. The firm has a market capitalization of $16.29 billion, a price-to-earnings ratio of 12.00, a price-to-earnings-growth ratio of 1.52 and a beta of 1.07. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.95 and a quick ratio of 0.56. AmerisourceBergen Corp. has a one year low of $69.36 and a one year high of $94.88.

AmerisourceBergen (NYSE:ABC) last released its quarterly earnings results on Thursday, May 2nd. The company reported $2.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.15. The business had revenue of $43.32 billion during the quarter, compared to the consensus estimate of $43.44 billion. AmerisourceBergen had a return on equity of 46.24% and a net margin of 0.53%. The business’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.94 EPS. On average, analysts predict that AmerisourceBergen Corp. will post 6.83 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 20th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Friday, May 17th. AmerisourceBergen’s dividend payout ratio (DPR) is presently 24.65%.

ABC has been the subject of several recent research reports. TheStreet downgraded AmerisourceBergen from a “b” rating to a “c+” rating in a report on Tuesday, March 19th. Zacks Investment Research downgraded AmerisourceBergen from a “hold” rating to a “sell” rating in a report on Thursday, March 14th. ValuEngine downgraded AmerisourceBergen from a “sell” rating to a “strong sell” rating in a report on Tuesday, April 23rd. Finally, Guggenheim started coverage on AmerisourceBergen in a report on Thursday, April 11th. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $86.38.

Several large investors have recently added to or reduced their stakes in ABC. HL Financial Services LLC increased its position in AmerisourceBergen by 6.3% during the 1st quarter. HL Financial Services LLC now owns 5,561 shares of the company’s stock worth $442,000 after purchasing an additional 328 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its position in AmerisourceBergen by 48.4% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,877 shares of the company’s stock worth $140,000 after purchasing an additional 612 shares in the last quarter. Truvestments Capital LLC purchased a new stake in AmerisourceBergen during the 1st quarter worth about $96,000. Nalls Sherbakoff Group LLC purchased a new stake in AmerisourceBergen during the 4th quarter worth about $74,000. Finally, Teacher Retirement System of Texas increased its position in AmerisourceBergen by 34.1% during the 1st quarter. Teacher Retirement System of Texas now owns 67,623 shares of the company’s stock worth $5,377,000 after purchasing an additional 17,181 shares in the last quarter. 66.55% of the stock is owned by institutional investors and hedge funds.

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AmerisourceBergen Company Profile

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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Insider Buying and Selling by Quarter for AmerisourceBergen (NYSE:ABC)

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