Insider Selling: AmerisourceBergen Corp. (NYSE:ABC) EVP Sells $311,256.06 in Stock

AmerisourceBergen Corp. (NYSE:ABC) EVP Gina Clark sold 3,098 shares of the business’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $100.47, for a total transaction of $311,256.06. Following the completion of the transaction, the executive vice president now directly owns 16,667 shares of the company’s stock, valued at approximately $1,674,533.49. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Gina Clark also recently made the following trade(s):

  • On Wednesday, May 27th, Gina Clark sold 3,098 shares of AmerisourceBergen stock. The shares were sold at an average price of $90.96, for a total transaction of $281,794.08.
  • On Monday, April 27th, Gina Clark sold 3,099 shares of AmerisourceBergen stock. The shares were sold at an average price of $89.60, for a total transaction of $277,670.40.

Shares of NYSE:ABC opened at $100.09 on Friday. The company’s 50-day moving average price is $95.87 and its two-hundred day moving average price is $89.62. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.97 and a quick ratio of 0.63. AmerisourceBergen Corp. has a one year low of $72.06 and a one year high of $103.37. The stock has a market capitalization of $20.23 billion, a PE ratio of 13.21, a price-to-earnings-growth ratio of 1.87 and a beta of 0.61.

AmerisourceBergen (NYSE:ABC) last issued its quarterly earnings results on Thursday, May 7th. The company reported $2.40 EPS for the quarter, topping the consensus estimate of $2.27 by $0.13. AmerisourceBergen had a net margin of 0.85% and a return on equity of 48.85%. The firm had revenue of $47.42 billion for the quarter, compared to analysts’ expectations of $45.90 billion. During the same period in the previous year, the firm posted $2.11 EPS. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, analysts anticipate that AmerisourceBergen Corp. will post 7.45 earnings per share for the current fiscal year.

Several brokerages have recently issued reports on ABC. Morgan Stanley raised shares of AmerisourceBergen from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $94.00 to $112.00 in a report on Monday, June 15th. Deutsche Bank upped their target price on shares of AmerisourceBergen from $93.00 to $98.00 and gave the stock a “hold” rating in a research note on Monday, May 11th. Credit Suisse Group initiated coverage on shares of AmerisourceBergen in a research note on Wednesday, April 22nd. They issued a “buy” rating and a $105.00 target price for the company. JPMorgan Chase & Co. raised shares of AmerisourceBergen from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $93.00 to $106.00 in a research note on Wednesday, April 1st. Finally, Zacks Investment Research lowered shares of AmerisourceBergen from a “buy” rating to a “hold” rating and set a $93.00 target price for the company. in a research note on Wednesday, April 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $103.89.

A number of large investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its position in AmerisourceBergen by 21.4% during the 1st quarter. JPMorgan Chase & Co. now owns 4,892,396 shares of the company’s stock worth $432,978,000 after buying an additional 860,769 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of AmerisourceBergen by 3.2% in the 4th quarter. Victory Capital Management Inc. now owns 2,943,477 shares of the company’s stock valued at $250,254,000 after purchasing an additional 91,934 shares during the period. Geode Capital Management LLC raised its holdings in shares of AmerisourceBergen by 1.6% in the 1st quarter. Geode Capital Management LLC now owns 2,457,080 shares of the company’s stock valued at $217,042,000 after purchasing an additional 39,550 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of AmerisourceBergen by 7.1% in the 1st quarter. Bank of New York Mellon Corp now owns 2,285,745 shares of the company’s stock valued at $202,290,000 after purchasing an additional 150,700 shares during the period. Finally, Amundi Pioneer Asset Management Inc. raised its holdings in shares of AmerisourceBergen by 26.0% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 2,199,741 shares of the company’s stock valued at $186,986,000 after purchasing an additional 453,621 shares during the period. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

About AmerisourceBergen

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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