Gamco Investors INC. ET AL increased its stake in AmerisourceBergen Corp. (NYSE:ABC) by 3.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,700 shares of the company’s stock after purchasing an additional 700 shares during the quarter. Gamco Investors INC. ET AL’s holdings in AmerisourceBergen were worth $1,646,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of ABC. Acima Private Wealth LLC acquired a new stake in AmerisourceBergen in the fourth quarter worth about $26,000. Riverview Trust Co lifted its holdings in AmerisourceBergen by 127.3% in the first quarter. Riverview Trust Co now owns 391 shares of the company’s stock worth $31,000 after purchasing an additional 219 shares during the period. Private Capital Group LLC lifted its holdings in AmerisourceBergen by 201.3% in the fourth quarter. Private Capital Group LLC now owns 482 shares of the company’s stock worth $36,000 after purchasing an additional 322 shares during the period. JNBA Financial Advisors acquired a new stake in AmerisourceBergen in the fourth quarter worth about $37,000. Finally, Trust Co. of Vermont lifted its holdings in AmerisourceBergen by 963.8% in the first quarter. Trust Co. of Vermont now owns 500 shares of the company’s stock worth $40,000 after purchasing an additional 453 shares during the period. 66.73% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE ABC opened at $76.69 on Wednesday. AmerisourceBergen Corp. has a twelve month low of $69.36 and a twelve month high of $94.88. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.95 and a quick ratio of 0.56. The stock has a market capitalization of $15.91 billion, a price-to-earnings ratio of 11.82, a price-to-earnings-growth ratio of 1.47 and a beta of 1.07.
AmerisourceBergen (NYSE:ABC) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $2.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.96 by $0.15. AmerisourceBergen had a net margin of 0.53% and a return on equity of 46.24%. The company had revenue of $43.32 billion during the quarter, compared to the consensus estimate of $43.44 billion. During the same period in the prior year, the company earned $1.94 EPS. AmerisourceBergen’s revenue was up 5.6% on a year-over-year basis. On average, equities research analysts forecast that AmerisourceBergen Corp. will post 6.81 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Friday, May 17th. AmerisourceBergen’s payout ratio is 24.65%.
Several equities research analysts recently weighed in on ABC shares. TheStreet downgraded shares of AmerisourceBergen from a “b” rating to a “c+” rating in a report on Tuesday, March 19th. ValuEngine raised shares of AmerisourceBergen from a “sell” rating to a “hold” rating in a report on Thursday, January 31st. UBS Group assumed coverage on shares of AmerisourceBergen in a report on Thursday, January 17th. They issued a “buy” rating and a $89.00 price objective for the company. Zacks Investment Research downgraded shares of AmerisourceBergen from a “hold” rating to a “sell” rating in a report on Thursday, March 14th. Finally, Guggenheim assumed coverage on shares of AmerisourceBergen in a report on Thursday, April 11th. They issued a “buy” rating for the company. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $86.38.
In other AmerisourceBergen news, EVP John G. Chou sold 6,974 shares of the business’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $86.70, for a total transaction of $604,645.80. Following the sale, the executive vice president now owns 58,759 shares in the company, valued at approximately $5,094,405.30. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Dale Danilewitz sold 543 shares of the business’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $86.30, for a total value of $46,860.90. Following the sale, the executive vice president now owns 2,714 shares in the company, valued at approximately $234,218.20. The disclosure for this sale can be found here. Over the last three months, insiders acquired 2,018 shares of company stock valued at $156,471 and sold 66,982 shares valued at $5,565,339. 27.80% of the stock is currently owned by corporate insiders.
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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.
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