AmerisourceBergen Corp. (NYSE:ABC) CFO Tim G. Guttman sold 11,600 shares of AmerisourceBergen stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $85.73, for a total value of $994,468.00. Following the completion of the sale, the chief financial officer now directly owns 56,436 shares in the company, valued at approximately $4,838,258.28. The transaction was disclosed in a legal filing with the SEC, which is available through 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 stock. The stock was sold at an average price of $79.47, for a total value of $921,852.00.
AmerisourceBergen Corp. (ABC) traded down $0.77 on Friday, reaching $91.82. The company had a trading volume of 777,786 shares, compared to its average volume of 1,707,755. AmerisourceBergen Corp. has a one year low of $71.90 and a one year high of $97.85. The company has a current ratio of 0.91, a quick ratio of 0.48 and a debt-to-equity ratio of 1.83. The stock has a market cap of $20,192.21, a PE ratio of 49.63, a P/E/G ratio of 1.60 and a beta of 1.00.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 4th. Investors of record on Monday, November 20th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, November 17th. This represents a $1.52 dividend on an annualized basis and a yield of 1.66%. This is a boost from AmerisourceBergen’s previous quarterly dividend of $0.37. AmerisourceBergen’s payout ratio is presently 82.16%.
Hedge funds have recently modified their holdings of the business. Parallel Advisors LLC lifted its holdings in shares of AmerisourceBergen by 3.2% in the 2nd quarter. Parallel Advisors LLC now owns 1,109 shares of the company’s stock worth $104,000 after buying an additional 34 shares during the period. Sun Life Financial INC lifted its holdings in shares of AmerisourceBergen by 15,000.0% in the 2nd quarter. Sun Life Financial INC now owns 1,208 shares of the company’s stock worth $114,000 after buying an additional 1,200 shares during the period. D.A. Davidson & CO. lifted its holdings in shares of AmerisourceBergen by 29.0% in the 2nd quarter. D.A. Davidson & CO. now owns 1,668 shares of the company’s stock worth $157,000 after buying an additional 375 shares during the period. Intl Fcstone Inc. purchased a new stake in shares of AmerisourceBergen in the 2nd quarter worth $201,000. Finally, Pinnacle Associates Ltd. purchased a new stake in shares of AmerisourceBergen in the 2nd quarter worth $203,000. Institutional investors and hedge funds own 67.83% of the company’s stock.
A number of research firms have issued reports on ABC. Needham & Company LLC lifted their price objective on AmerisourceBergen from $86.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, November 22nd. Royal Bank of Canada assumed coverage on AmerisourceBergen in a report on Tuesday, September 19th. They issued a “sector perform” rating and a $87.00 target price for the company. Morgan Stanley cut AmerisourceBergen from an “overweight” rating to an “equal weight” rating in a report on Thursday, September 14th. Zacks Investment Research upgraded AmerisourceBergen from a “sell” rating to a “hold” rating in a report on Monday, October 16th. Finally, Robert W. Baird set a $99.00 target price on AmerisourceBergen and gave the stock a “buy” rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $93.20.
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AmerisourceBergen Company Profile
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.
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