AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) CFO Tim G. Guttman sold 11,600 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $82.78, for a total value of $960,248.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Tim G. Guttman also recently made the following trade(s):

  • On Wednesday, September 20th, Tim G. Guttman sold 11,600 shares of AmerisourceBergen Corporation (Holding Co) stock. The stock was sold at an average price of $79.47, for a total value of $921,852.00.

AmerisourceBergen Corporation (ABC) traded down 1.68% during trading on Friday, reaching $79.44. The company’s stock had a trading volume of 2,469,252 shares. The stock has a market cap of $17.41 billion, a price-to-earnings ratio of 20.70 and a beta of 0.96. The firm has a 50 day moving average price of $81.04 and a 200-day moving average price of $86.58. AmerisourceBergen Corporation has a 52-week low of $68.38 and a 52-week high of $97.85.

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

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Several large investors have recently made changes to their positions in ABC. M&T Bank Corp lifted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 2.9% in the 1st quarter. M&T Bank Corp now owns 42,814 shares of the company’s stock valued at $3,788,000 after purchasing an additional 1,215 shares during the period. Seizert Capital Partners LLC lifted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 10.0% in the 1st quarter. Seizert Capital Partners LLC now owns 576,196 shares of the company’s stock valued at $50,993,000 after purchasing an additional 52,372 shares during the period. OMERS ADMINISTRATION Corp lifted its stake in shares of AmerisourceBergen Corporation (Holding Co) by 20.6% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 1,560,620 shares of the company’s stock valued at $138,115,000 after purchasing an additional 266,670 shares during the period. Mawer Investment Management Ltd. acquired a new position in AmerisourceBergen Corporation (Holding Co) during the 1st quarter worth approximately $14,333,000. Finally, JPMorgan Chase & Co. raised its stake in AmerisourceBergen Corporation (Holding Co) by 10.4% during the 1st quarter. JPMorgan Chase & Co. now owns 3,106,108 shares of the company’s stock worth $274,889,000 after buying an additional 293,229 shares during the period. 67.64% of the stock is currently owned by institutional investors.

A number of analysts have recently issued reports on the company. Bank of America Corporation cut AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $95.76 to $94.00 in a research report on Friday, June 30th. Jefferies Group LLC restated a “hold” rating and set a $95.00 price objective on shares of AmerisourceBergen Corporation (Holding Co) in a research report on Wednesday, June 21st. Zacks Investment Research cut AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “sell” rating in a research report on Monday, July 10th. Credit Suisse Group restated a “buy” rating and set a $95.00 price objective on shares of AmerisourceBergen Corporation (Holding Co) in a research report on Thursday, July 13th. Finally, BidaskClub cut AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $91.95.

About AmerisourceBergen Corporation (Holding Co)

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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