Martin Currie Ltd. reduced its position in AmerisourceBergen Corp. (NYSE:ABC) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,511 shares of the company’s stock after selling 1,001 shares during the period. Martin Currie Ltd.’s holdings in AmerisourceBergen were worth $3,536,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Delpha Capital Management LLC bought a new position in shares of AmerisourceBergen in the 4th quarter worth $137,000. Vantage Investment Advisors LLC bought a new position in shares of AmerisourceBergen in the 4th quarter worth $156,000. IFG Advisory LLC bought a new position in shares of AmerisourceBergen in the 4th quarter worth $678,000. TRUE Private Wealth Advisors bought a new position in shares of AmerisourceBergen in the 4th quarter worth $203,000. Finally, IBM Retirement Fund bought a new position in shares of AmerisourceBergen in the 4th quarter worth $216,000. Institutional investors own 66.74% of the company’s stock.
In other news, Director Richard W. Gochnauer sold 2,000 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $88.00, for a total transaction of $176,000.00. Following the completion of the sale, the director now directly owns 12,947 shares of the company’s stock, valued at approximately $1,139,336. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Dale Danilewitz sold 3,121 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $92.12, for a total value of $287,506.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 179,609 shares of company stock valued at $17,031,249. Insiders own 27.30% of the company’s stock.
Shares of AmerisourceBergen Corp. (NYSE ABC) opened at $99.00 on Friday. AmerisourceBergen Corp. has a 12-month low of $71.90 and a 12-month high of $106.27. The stock has a market capitalization of $22,370.00, a price-to-earnings ratio of 56.57, a PEG ratio of 1.44 and a beta of 1.03. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.50 and a current ratio of 0.95.
AmerisourceBergen (NYSE:ABC) last announced its earnings results on Tuesday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.20. AmerisourceBergen had a return on equity of 53.65% and a net margin of 0.66%. The firm had revenue of $40.47 billion during the quarter, compared to analyst estimates of $40.42 billion. During the same period last year, the firm posted $1.36 EPS. The business’s revenue was up 6.0% compared to the same quarter last year. sell-side analysts predict that AmerisourceBergen Corp. will post 6.58 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 5th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Friday, February 16th. AmerisourceBergen’s dividend payout ratio is presently 86.86%.
AmerisourceBergen Company Profile
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.
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