AmerisourceBergen Corp. (NYSE:ABC) EVP Gina Clark sold 29,549 shares of the stock in a transaction that occurred on Wednesday, November 21st. The stock was sold at an average price of $88.33, for a total value of $2,610,063.17. Following the transaction, the executive vice president now owns 45,344 shares in the company, valued at $4,005,235.52. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
ABC traded up $0.23 during trading hours on Friday, hitting $87.66. The stock had a trading volume of 361,432 shares, compared to its average volume of 1,436,749. AmerisourceBergen Corp. has a 1 year low of $77.28 and a 1 year high of $106.27. The firm has a market cap of $18.92 billion, a P/E ratio of 13.51, a price-to-earnings-growth ratio of 1.30 and a beta of 0.97. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.50 and a current ratio of 0.93.
AmerisourceBergen (NYSE:ABC) last announced its quarterly earnings data on Tuesday, November 6th. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.01. AmerisourceBergen had a return on equity of 45.54% and a net margin of 0.99%. The company had revenue of $43.30 billion during the quarter, compared to analyst estimates of $43.27 billion. During the same quarter last year, the firm posted $1.33 EPS. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. As a group, research analysts predict that AmerisourceBergen Corp. will post 6.81 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in AmerisourceBergen by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 16,019,657 shares of the company’s stock worth $1,477,332,000 after acquiring an additional 63,935 shares during the last quarter. BlackRock Inc. boosted its stake in AmerisourceBergen by 4.3% in the 3rd quarter. BlackRock Inc. now owns 13,324,749 shares of the company’s stock worth $1,228,809,000 after purchasing an additional 548,296 shares during the period. Vulcan Value Partners LLC boosted its stake in AmerisourceBergen by 1.7% in the 2nd quarter. Vulcan Value Partners LLC now owns 4,988,485 shares of the company’s stock worth $425,368,000 after purchasing an additional 82,224 shares during the period. FMR LLC boosted its stake in AmerisourceBergen by 7.4% in the 3rd quarter. FMR LLC now owns 4,789,787 shares of the company’s stock worth $441,714,000 after purchasing an additional 329,771 shares during the period. Finally, Baupost Group LLC MA boosted its stake in AmerisourceBergen by 46.8% in the 3rd quarter. Baupost Group LLC MA now owns 2,751,056 shares of the company’s stock worth $253,702,000 after purchasing an additional 877,491 shares during the period. 64.73% of the stock is owned by institutional investors.
ABC has been the subject of a number of analyst reports. Zacks Investment Research raised AmerisourceBergen from a “sell” rating to a “hold” rating in a research report on Friday, November 16th. ValuEngine raised AmerisourceBergen from a “sell” rating to a “hold” rating in a research report on Wednesday, September 19th. Royal Bank of Canada set a $90.00 target price on AmerisourceBergen and gave the company a “hold” rating in a research report on Wednesday, November 7th. Mizuho reaffirmed a “hold” rating and set a $90.00 target price on shares of AmerisourceBergen in a research report on Sunday, August 12th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $89.00 target price on shares of AmerisourceBergen in a research report on Friday, August 3rd. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $101.07.
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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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