Insider Selling: AmerisourceBergen Corporation (Holding Co) (ABC) Insider Sells $171,020.00 in Stock

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) insider Dale Danilewitz sold 2,012 shares of AmerisourceBergen Corporation (Holding Co) stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $85.00, for a total value of $171,020.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $1.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.06. The firm had revenue of $38.71 billion for the quarter, compared to analyst estimates of $39.13 billion. AmerisourceBergen Corporation (Holding Co) had a net margin of 0.56% and a return on equity of 56.07%. AmerisourceBergen Corporation (Holding Co)’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company posted $1.37 EPS.

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

A number of hedge funds have recently added to or reduced their stakes in ABC. Parallel Advisors LLC raised its holdings in AmerisourceBergen Corporation (Holding Co) by 3.2% in the 2nd quarter. Parallel Advisors LLC now owns 1,109 shares of the company’s stock valued at $104,000 after acquiring an additional 34 shares during the last quarter. Point72 Asia Hong Kong Ltd acquired a new stake in shares of AmerisourceBergen Corporation (Holding Co) during the 1st quarter worth approximately $105,000. American Beacon Advisors Inc. acquired a new stake in shares of AmerisourceBergen Corporation (Holding Co) during the 1st quarter worth approximately $108,000. SRS Capital Advisors Inc. increased its holdings in shares of AmerisourceBergen Corporation (Holding Co) by 0.3% during the 1st quarter. SRS Capital Advisors Inc. now owns 1,235 shares of the company’s stock worth $109,000 after buying an additional 4 shares during the last quarter. Finally, Sun Life Financial INC increased its holdings in shares of AmerisourceBergen Corporation (Holding Co) by 15,000.0% during 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 last quarter. Institutional investors own 67.64% of the company’s stock.

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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