AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) CFO Tim G. Guttman sold 11,600 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $82.78, for a total transaction of $960,248.00. The transaction 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 shares were sold at an average price of $79.47, for a total transaction of $921,852.00.

AmerisourceBergen Corporation (NYSE:ABC) opened at 80.48 on Friday. The firm’s 50-day moving average is $80.87 and its 200 day moving average is $86.82. The firm has a market cap of $17.63 billion, a P/E ratio of 20.97 and a beta of 0.96. AmerisourceBergen Corporation has a 12-month low of $68.38 and a 12-month 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, beating the Zacks’ consensus estimate of $1.37 by $0.06. AmerisourceBergen Corporation (Holding Co) had a net margin of 0.56% and a return on equity of 56.07%. The firm had revenue of $38.71 billion for the quarter, compared to analysts’ expectations of $39.13 billion. During the same quarter in the previous year, the business posted $1.37 EPS. The company’s quarterly revenue was up 4.9% on a year-over-year basis. Equities analysts forecast that AmerisourceBergen Corporation will post $5.88 earnings per share for the current year.

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ABC has been the topic of a number of research reports. Jefferies Group LLC set a $95.00 target price on shares of AmerisourceBergen Corporation (Holding Co) and gave the company a “hold” rating in a research report on Tuesday, August 29th. Needham & Company LLC reiterated a “buy” rating and set a $91.00 target price on shares of AmerisourceBergen Corporation (Holding Co) in a research report on Sunday, September 10th. UBS AG dropped their target price on shares of AmerisourceBergen Corporation (Holding Co) from $94.00 to $87.00 and set a “neutral” rating on the stock in a research report on Friday, August 4th. BidaskClub downgraded shares of AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, ValuEngine downgraded shares of AmerisourceBergen Corporation (Holding Co) from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $91.95.

Several institutional investors and hedge funds have recently bought and sold shares of the company. SRS Capital Advisors Inc. raised its position in shares of AmerisourceBergen Corporation (Holding Co) by 0.3% in the 1st quarter. SRS Capital Advisors Inc. now owns 1,235 shares of the company’s stock worth $109,000 after purchasing an additional 4 shares during the last quarter. Bollard Group LLC raised its position in shares of AmerisourceBergen Corporation (Holding Co) by 0.4% in the 2nd quarter. Bollard Group LLC now owns 2,924 shares of the company’s stock worth $276,000 after purchasing an additional 12 shares during the last quarter. Parallel Advisors LLC raised its position in shares of AmerisourceBergen Corporation (Holding Co) by 3.2% in the 2nd quarter. Parallel Advisors LLC now owns 1,109 shares of the company’s stock worth $104,000 after purchasing an additional 34 shares during the last quarter. Savant Capital LLC raised its position in shares of AmerisourceBergen Corporation (Holding Co) by 0.8% in the 2nd quarter. Savant Capital LLC now owns 4,846 shares of the company’s stock worth $458,000 after purchasing an additional 40 shares during the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA raised its position in shares of AmerisourceBergen Corporation (Holding Co) by 0.4% in the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 13,975 shares of the company’s stock worth $1,321,000 after purchasing an additional 50 shares during the last quarter. 67.64% of the stock is owned by hedge funds and other institutional investors.

AmerisourceBergen Corporation (Holding Co) 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.

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

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