Dale Danilewitz Sells 5,702 Shares of AmerisourceBergen Corp. (ABC) Stock

Share on StockTwits

AmerisourceBergen Corp. (NYSE:ABC) insider Dale Danilewitz sold 5,702 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $77.61, for a total transaction of $442,532.22. Following the sale, the insider now directly owns 7,330 shares in the company, valued at $568,881.30. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Dale Danilewitz also recently made the following trade(s):

  • On Tuesday, April 23rd, Dale Danilewitz sold 543 shares of AmerisourceBergen stock. The stock was sold at an average price of $71.20, for a total transaction of $38,661.60.
  • On Monday, April 8th, Dale Danilewitz sold 5,703 shares of AmerisourceBergen stock. The stock was sold at an average price of $77.22, for a total transaction of $440,385.66.
  • On Monday, March 25th, Dale Danilewitz sold 543 shares of AmerisourceBergen stock. The stock was sold at an average price of $78.77, for a total transaction of $42,772.11.
  • On Thursday, March 7th, Dale Danilewitz sold 5,702 shares of AmerisourceBergen stock. The stock was sold at an average price of $77.02, for a total transaction of $439,168.04.
  • On Monday, February 25th, Dale Danilewitz sold 543 shares of AmerisourceBergen stock. The stock was sold at an average price of $86.30, for a total transaction of $46,860.90.
  • On Thursday, February 7th, Dale Danilewitz sold 5,703 shares of AmerisourceBergen stock. The stock was sold at an average price of $86.80, for a total transaction of $495,020.40.

NYSE ABC opened at $77.47 on Friday. AmerisourceBergen Corp. has a one year low of $69.36 and a one year high of $94.88. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.56 and a current ratio of 0.95. The company has a market capitalization of $16.64 billion, a P/E ratio of 11.94, a price-to-earnings-growth ratio of 1.54 and a beta of 1.07.

AmerisourceBergen (NYSE:ABC) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $2.11 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $43.32 billion for the quarter, compared to analyst estimates of $43.44 billion. During the same quarter last year, the firm posted $1.94 earnings per share. AmerisourceBergen’s revenue for the quarter was up 5.6% compared to the same quarter last year. Equities research analysts predict 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. Investors of record on Monday, May 20th will be issued a $0.40 dividend. The ex-dividend date is Friday, May 17th. This represents a $1.60 annualized dividend and a yield of 2.07%. AmerisourceBergen’s payout ratio is 24.65%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Martingale Asset Management L P lifted its holdings in shares of AmerisourceBergen by 210.6% during the third quarter. Martingale Asset Management L P now owns 18,226 shares of the company’s stock valued at $1,681,000 after purchasing an additional 12,358 shares during the last quarter. TIAA CREF Investment Management LLC lifted its holdings in shares of AmerisourceBergen by 9.1% during the third quarter. TIAA CREF Investment Management LLC now owns 1,092,988 shares of the company’s stock valued at $100,795,000 after purchasing an additional 91,364 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of AmerisourceBergen by 1.2% during the third quarter. Legal & General Group Plc now owns 862,025 shares of the company’s stock valued at $79,496,000 after purchasing an additional 10,077 shares during the last quarter. Morgan Stanley lifted its holdings in shares of AmerisourceBergen by 3.1% during the third quarter. Morgan Stanley now owns 533,423 shares of the company’s stock valued at $49,192,000 after purchasing an additional 16,044 shares during the last quarter. Finally, Vanguard Group Inc lifted its holdings in shares of AmerisourceBergen by 0.4% during the third quarter. Vanguard Group Inc now owns 16,019,657 shares of the company’s stock valued at $1,477,332,000 after purchasing an additional 63,935 shares during the last quarter. Hedge funds and other institutional investors own 66.61% of the company’s stock.

Several research analysts have recently weighed in on ABC shares. ValuEngine upgraded shares of AmerisourceBergen from a “sell” rating to a “hold” rating in a report on Thursday, January 31st. UBS Group started coverage on shares of AmerisourceBergen in a report on Thursday, January 17th. They set a “buy” rating and a $89.00 price objective on the stock. Bank of America lowered shares of AmerisourceBergen from a “buy” rating to an “underperform” rating and cut their price objective for the stock from $95.00 to $76.00 in a report on Wednesday, April 10th. TheStreet upgraded shares of AmerisourceBergen from a “c+” rating to a “b” rating in a report on Tuesday, February 19th. Finally, Guggenheim started coverage on shares of AmerisourceBergen in a report on Thursday, April 11th. They set a “buy” rating on the stock. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $86.57.

ILLEGAL ACTIVITY NOTICE: “Dale Danilewitz Sells 5,702 Shares of AmerisourceBergen Corp. (ABC) Stock” was originally reported by Macon Daily and is the property of of Macon Daily. If you are viewing this article on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://macondaily.com/2019/05/11/dale-danilewitz-sells-5702-shares-of-amerisourcebergen-corp-abc-stock.html.

AmerisourceBergen Company Profile

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.

Further Reading: Why do companies issue convertible shares?

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

Receive News & Ratings for AmerisourceBergen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AmerisourceBergen and related companies with MarketBeat.com's FREE daily email newsletter.