AmerisourceBergen Corp. (NYSE:ABC) EVP Sells $320,167.86 in Stock

AmerisourceBergen Corp. (NYSE:ABC) EVP Gina Clark sold 3,097 shares of the business’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $103.38, for a total transaction of $320,167.86. Following the sale, the executive vice president now directly owns 16,049 shares of the company’s stock, valued at approximately $1,659,145.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Friday, June 26th, Gina Clark sold 3,098 shares of AmerisourceBergen stock. The stock was sold at an average price of $100.47, for a total transaction of $311,256.06.
  • 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.

Shares of ABC opened at $102.17 on Friday. The company has a 50-day simple moving average of $100.16 and a 200-day simple moving average of $91.90. The company has a quick ratio of 0.63, a current ratio of 0.97 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $20.78 billion, a PE ratio of 13.44, a P/E/G ratio of 1.96 and a beta of 0.61. AmerisourceBergen Corp. has a 52-week low of $72.06 and a 52-week high of $105.08.

AmerisourceBergen (NYSE:ABC) last posted its earnings results on Thursday, May 7th. The company reported $2.40 earnings per share for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $45.90 billion. During the same period last year, the firm posted $2.11 EPS. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, research analysts anticipate that AmerisourceBergen Corp. will post 7.4 EPS for the current year.

Several equities research analysts recently weighed in on ABC shares. UBS Group cut their target price on shares of AmerisourceBergen from $108.00 to $99.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. Credit Suisse Group initiated coverage on shares of AmerisourceBergen in a report on Wednesday, April 22nd. They issued a “buy” rating and a $105.00 target price for the company. Morgan Stanley upgraded shares of AmerisourceBergen from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $94.00 to $112.00 in a research note on Monday, June 15th. Deutsche Bank raised 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. Finally, Bank of America raised their target price on shares of AmerisourceBergen from $85.00 to $88.00 and gave the stock an “underperform” rating in a research note on Tuesday, July 21st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. AmerisourceBergen currently has a consensus rating of “Hold” and an average price target of $102.30.

A number of large investors have recently bought and sold shares of ABC. Quadrant Capital Group LLC increased its holdings in AmerisourceBergen by 14.4% during the 4th quarter. Quadrant Capital Group LLC now owns 2,285 shares of the company’s stock valued at $185,000 after acquiring an additional 287 shares in the last quarter. Stifel Financial Corp increased its holdings in AmerisourceBergen by 2.9% during the 4th quarter. Stifel Financial Corp now owns 10,321 shares of the company’s stock valued at $876,000 after acquiring an additional 293 shares in the last quarter. Captrust Financial Advisors increased its holdings in AmerisourceBergen by 917.6% during the 4th quarter. Captrust Financial Advisors now owns 5,271 shares of the company’s stock valued at $448,000 after acquiring an additional 4,753 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its holdings in AmerisourceBergen by 11.7% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,563 shares of the company’s stock valued at $882,000 after acquiring an additional 1,316 shares in the last quarter. Finally, AXA increased its holdings in AmerisourceBergen by 2.8% during the 4th quarter. AXA now owns 55,343 shares of the company’s stock valued at $4,706,000 after acquiring an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

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.

Featured Article: If I purchase shares through a brokerage account, am I the holder of record?

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

Receive News & Ratings for AmerisourceBergen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AmerisourceBergen and related companies with MarketBeat.com's FREE daily email newsletter.