Sumitomo Life Insurance Co. grew its stake in shares of AmerisourceBergen Corp. (NYSE:ABC) by 2.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,130 shares of the company’s stock after buying an additional 345 shares during the period. Sumitomo Life Insurance Co.’s holdings in AmerisourceBergen were worth $1,051,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the stock. Lenox Wealth Management Inc. lifted its holdings in shares of AmerisourceBergen by 2.0% during the 4th quarter. Lenox Wealth Management Inc. now owns 8,379 shares of the company’s stock valued at $623,000 after acquiring an additional 163 shares in the last quarter. Strategic Wealth Partners Ltd. lifted its holdings in AmerisourceBergen by 5.4% in the 3rd quarter. Strategic Wealth Partners Ltd. now owns 3,201 shares of the company’s stock worth $295,000 after buying an additional 164 shares in the last quarter. Capital Investment Advisors LLC lifted its holdings in AmerisourceBergen by 6.6% in the 4th quarter. Capital Investment Advisors LLC now owns 3,509 shares of the company’s stock worth $261,000 after buying an additional 216 shares in the last quarter. OLD Second National Bank of Aurora lifted its holdings in AmerisourceBergen by 1.0% in the 4th quarter. OLD Second National Bank of Aurora now owns 24,774 shares of the company’s stock worth $1,843,000 after buying an additional 238 shares in the last quarter. Finally, Sawgrass Asset Management LLC lifted its holdings in AmerisourceBergen by 4.8% in the 3rd quarter. Sawgrass Asset Management LLC now owns 9,635 shares of the company’s stock worth $889,000 after buying an additional 445 shares in the last quarter. Institutional investors and hedge funds own 66.10% of the company’s stock.
In other news, CEO Steven H. Collis sold 21,350 shares of the stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $73.96, for a total value of $1,579,046.00. Following the completion of the transaction, the chief executive officer now directly owns 155,929 shares in the company, valued at $11,532,508.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kathy H. Gaddes sold 2,652 shares of the stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $90.54, for a total transaction of $240,112.08. Following the completion of the transaction, the insider now owns 4,591 shares of the company’s stock, valued at $415,669.14. The disclosure for this sale can be found here. In the last 90 days, insiders sold 143,152 shares of company stock valued at $12,095,954. 27.80% of the stock is owned by insiders.
Shares of NYSE:ABC opened at $84.31 on Monday. The company has a quick ratio of 0.53, a current ratio of 0.94 and a debt-to-equity ratio of 1.43. AmerisourceBergen Corp. has a fifty-two week low of $69.36 and a fifty-two week high of $102.00. The stock has a market cap of $17.80 billion, a P/E ratio of 12.99, a price-to-earnings-growth ratio of 1.55 and a beta of 1.12.
AmerisourceBergen (NYSE:ABC) last posted its earnings results on Thursday, January 31st. The company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.50 by $0.10. AmerisourceBergen had a net margin of 0.69% and a return on equity of 44.53%. The firm had revenue of $45.39 billion during the quarter, compared to analysts’ expectations of $43.52 billion. On average, equities analysts expect that AmerisourceBergen Corp. will post 6.75 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 4th. Shareholders of record on Tuesday, February 19th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.90%. The ex-dividend date is Friday, February 15th. AmerisourceBergen’s dividend payout ratio (DPR) is 24.65%.
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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.
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