Economy

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) Sale Analysis

AmerisourceBergen Corporation (Holding Co) now has a consensus rating of "Hold" and a consensus price target of $91.13. Kanaly Trust Co now owns 1,920 shares of the company's stock worth $152,000 after buying an additional 663 shares during the period. Wellington Management Group LLP increased its holdings in AmerisourceBergen Corporation (Holding Co) by 2.4% in the 1st quarter. Wells Fargo & Company MN now owns 3,344,441 shares of the company's stock valued at $316,149,000 after buying an additional 1,003,327 shares during the period.

WARNING: "Burgundy Asset Management Ltd. Boosts Holdings in AmerisourceBergen Corporation (Holding Co) (ABC)" was first reported by StockNewsTimes and is the property of of StockNewsTimes. On Friday, February 5 the stock rating was maintained by RBC Capital Markets with "Outperform". Farmers & Merchants Trust Co of Chambersburg PA raised its holdings in shares of AmerisourceBergen Corporation (Holding Co) by 0.4% in the 2nd quarter. The stock traded on unusually shows upbeat performance surged volume of 2.34 Million comparing to the average volume of 2806.51 shares, completing picture of exact trends with uncompleted dots in volume over the norm. Finally, Stephens Inc. AR raised its holdings in shares of AmerisourceBergen Corporation (Holding Co) by 1.5% in the 2nd quarter. Institutional investors own 67.49% of the company's stock.

ABC has been the topic of several research reports. Robert W. Baird raised shares of AmerisourceBergen Corporation (Holding Co) from a "neutral" rating to an "outperform" rating and increased their price target for the company from $89.00 to $96.00 in a report on Thursday, October 5th. Loop Capital initiated the shares of FB in report on Friday, September 23 with "Buy" rating. (NYSE:ABC) earned "Buy" rating by Needham on Friday, September 8. On Tuesday, May 30 the stock rating was maintained by Mizuho with "Hold". At present, 0 analysts call it Sell, while 8 think it is Hold. The stock has a 50 day moving average price of $79.70 and a 200-day moving average price of $81.87.

In the past 52-week period, shares of AmerisourceBergen Corporation (NYSE:ABC) have moved within the range of $68.38 to $97.85. If you are accessing this piece on another site, it was stolen and reposted in violation of US and worldwide copyright and trademark law. The legal version of this piece can be read at https://www.truebluetribune.com/2017/10/30/amerisourcebergen-corporation-holding-co-abc-shares-sold-by-bbt-corp.html.

Meanwhile, during the same quarter AmerisourceBergen Corporation (ABC) delivered a 4.10% earnings surprise.

The stock's 50-day average volume has been 1,665,410 shares, with an average of 100% of medium term indicators pointing toward Sell. The company has market cap of $16.86 billion.

AmerisourceBergen Corp. has a 1-year low of $68.38 and a 1-year high of $105.81. The analysts estimated EPS for the higher end at 1.34 and lower end at 1.29 while the year ago reported earnings per share was 1.38. In the most recent financial results released by AmerisourceBergen Corporation, for the quarter ending on 2017-06-30, the company posted EPS of 1.43. ABC now has a profit margin of 0.60%. The business had revenue of $38.71 billion during the quarter, compared to analysts' expectations of $39.13 billion. The company's revenue for the quarter was up 4.9% compared to the same quarter past year. The business's quarterly revenue was up 4.9% compared to the same quarter a year ago. The latest exchange of 2.36 Million shares is below its average trading activity of 5.35 Million shares. Float is the proportion of issued also outstanding shares that can be liberally traded, nothing like locked-up insider holdings or restricted employee shares. The shares were sold at an average price of $82.78, for a total value of $960,248.00.

In other news, Chairman Steven H. Collis sold 15,000 shares of the stock in a transaction that occurred on Monday, October 17th. The stock was sold at an average price of $80.94, for a total transaction of $103,036.62. The disclosure for this sale can be found here. Also, insider John G. Chou sold 63,750 shares of the stock in a transaction that occurred on Wednesday, August 31st. Following the sale, the insider now directly owns 10,830 shares in the company, valued at approximately $876,580.20. AmerisourceBergen Corporation (ABC) now has 219110 shares outstanding, which means that its market capitalization is $17.26B.



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