Janney Montgomery Scott LLC lifted its stake in shares of AmerisourceBergen Co. (NYSE:ABC – Get Rating) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,934 shares of the company’s stock after purchasing an additional 1,603 shares during the period. Janney Montgomery Scott LLC’s holdings in AmerisourceBergen were worth $5,458,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of ABC. RFP Financial Group LLC purchased a new stake in AmerisourceBergen during the fourth quarter valued at about $25,000. Boyd Watterson Asset Management LLC OH acquired a new stake in shares of AmerisourceBergen during the fourth quarter valued at approximately $29,000. Iron Horse Wealth Management LLC purchased a new stake in shares of AmerisourceBergen in the 4th quarter valued at approximately $41,000. Hanseatic Management Services Inc. boosted its stake in AmerisourceBergen by 73.7% in the 3rd quarter. Hanseatic Management Services Inc. now owns 264 shares of the company’s stock worth $36,000 after purchasing an additional 112 shares during the period. Finally, Massmutual Trust Co. FSB ADV grew its position in AmerisourceBergen by 63.6% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 265 shares of the company’s stock worth $44,000 after purchasing an additional 103 shares in the last quarter. 84.79% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In related news, CEO Steven H. Collis sold 10,499 shares of the company’s stock in a transaction on Tuesday, April 11th. The shares were sold at an average price of $167.34, for a total transaction of $1,756,902.66. Following the completion of the sale, the chief executive officer now directly owns 257,967 shares of the company’s stock, valued at approximately $43,168,197.78. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Gina Clark sold 1,924 shares of AmerisourceBergen stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $156.22, for a total value of $300,567.28. Following the transaction, the executive vice president now directly owns 26,733 shares in the company, valued at $4,176,229.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Steven H. Collis sold 10,499 shares of the business’s stock in a transaction dated Tuesday, April 11th. The stock was sold at an average price of $167.34, for a total value of $1,756,902.66. Following the transaction, the chief executive officer now directly owns 257,967 shares of the company’s stock, valued at approximately $43,168,197.78. The disclosure for this sale can be found here. Insiders have sold a total of 28,633 shares of company stock valued at $4,522,208 over the last 90 days. 20.10% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
AmerisourceBergen Trading Up 0.5 %
Shares of NYSE:ABC opened at $166.73 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.53 and a debt-to-equity ratio of 63.30. The stock has a market capitalization of $33.72 billion, a PE ratio of 20.23, a P/E/G ratio of 1.65 and a beta of 0.52. AmerisourceBergen Co. has a 1 year low of $135.14 and a 1 year high of $174.63. The firm has a fifty day moving average price of $158.71 and a 200 day moving average price of $159.30.
AmerisourceBergen (NYSE:ABC – Get Rating) last announced its quarterly earnings results on Wednesday, February 1st. The company reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.62 by $0.09. The company had revenue of $62.85 billion during the quarter, compared to analysts’ expectations of $62.77 billion. AmerisourceBergen had a return on equity of 597.57% and a net margin of 0.72%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.58 earnings per share. Analysts expect that AmerisourceBergen Co. will post 11.61 EPS for the current fiscal year.
AmerisourceBergen Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, February 27th. Shareholders of record on Friday, February 10th were issued a dividend of $0.485 per share. The ex-dividend date was Thursday, February 9th. This represents a $1.94 annualized dividend and a yield of 1.16%. AmerisourceBergen’s dividend payout ratio (DPR) is presently 23.54%.
AmerisourceBergen Profile
AmerisourceBergen Corp. engages in the provision of pharmaceutical products and business solutions that improve access to care. It operates through the Pharmaceutical Distribution Services and Other segments. The Pharmaceutical Distribution Services segment distributes an offering of brand-name, specialty brand-name and generic pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, and related services to healthcare providers, including acute care hospitals and health systems, independent and chain retail pharmacies, mail order pharmacies, medical clinics, and long-term care and alternate site pharmacies.
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