Insider Trade: AmerisourceBergen (ABC)’s Executive Vice President Peyton Howell Sold 3,000 shares; Jarislowsky Fraser LTD Raised By $387,135 Its Philip Morris International (PM) Stake

AmerisourceBergen Corporation (NYSE:ABC) Logo

Jarislowsky Fraser Ltd increased Philip Morris International Inc. (PM) stake by 1.33% reported in 2017Q4 SEC filing. Jarislowsky Fraser Ltd acquired 3,687 shares as Philip Morris International Inc. (PM)’s stock declined 7.57%. The Jarislowsky Fraser Ltd holds 280,564 shares with $29.64M value, up from 276,877 last quarter. Philip Morris International Inc. now has $158.09 billion valuation. The stock increased 0.77% or $0.78 during the last trading session, reaching $101.7. About 4.45 million shares traded. Philip Morris International Inc. (NYSE:PM) has declined 13.93% since April 5, 2017 and is downtrending. It has underperformed by 25.48% the S&P500.

AmerisourceBergen Corporation (NYSE:ABC) Ratings Coverage

Among 20 analysts covering AmerisourceBergen (NYSE:ABC), 12 have Buy rating, 0 Sell and 8 Hold. Therefore 60% are positive. AmerisourceBergen has $130 highest and $9 lowest target. $97.06’s average target is 11.08% above currents $87.38 stock price. AmerisourceBergen had 72 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has “Buy” rating by Bank of America given on Thursday, January 12. The firm earned “Market Perform” rating on Wednesday, January 6 by Raymond James. The stock of AmerisourceBergen Corporation (NYSE:ABC) has “Hold” rating given on Tuesday, October 24 by Mizuho. Jefferies maintained it with “Hold” rating and $95.0 target in Tuesday, August 29 report. Needham maintained the stock with “Buy” rating in Thursday, February 8 report. Bank of America downgraded the shares of ABC in report on Friday, June 30 to “Neutral” rating. The rating was maintained by UBS with “Buy” on Friday, February 5. The company was downgraded on Friday, October 2 by Morgan Stanley. RBC Capital Markets maintained AmerisourceBergen Corporation (NYSE:ABC) rating on Friday, February 5. RBC Capital Markets has “Outperform” rating and $100 target. Robert W. Baird maintained the shares of ABC in report on Monday, November 6 with “Buy” rating.

The stock increased 1.31% or $1.13 during the last trading session, reaching $87.38. About 2.97 million shares traded or 42.99% up from the average. AmerisourceBergen Corporation (NYSE:ABC) has declined 3.97% since April 5, 2017 and is downtrending. It has underperformed by 15.52% the S&P500.

Analysts await AmerisourceBergen Corporation (NYSE:ABC) to report earnings on May, 3. They expect $1.81 EPS, up 2.26% or $0.04 from last year’s $1.77 per share. ABC’s profit will be $397.61 million for 12.07 P/E if the $1.81 EPS becomes a reality. After $1.55 actual EPS reported by AmerisourceBergen Corporation for the previous quarter, Wall Street now forecasts 16.77% EPS growth.

In a public report that has been filled with the SEC, it was revealed that the Executive Vice President of Amerisourcebergen Corp Peyton Howell, an insider in question, made a stock market sale for 3,000 shares of the firm, valued at near $248,160 U.S Dollars using an average price per share of $82.7 U.S Dollars. She also unloaded 3,000 shares valued at $281,340 USD in the last month. The probability of this deal staying unseen is extremely low, with the Executive Vice President now owning 47,989 shares – that is 0.02% of the market cap of the company.

AmerisourceBergen Corporation sources and distributes pharmaceutical products in the United States and internationally. The company has market cap of $19.20 billion. The Company’s 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. It has a 19.77 P/E ratio. It also provides pharmacy management, staffing, and other consulting services; supply management software to retail and institutional healthcare providers; and packaging solutions to various institutional and retail healthcare providers.

Since October 24, 2017, it had 0 insider purchases, and 3 insider sales for $18.32 million activity. On Wednesday, February 21 the insider FIRESTONE MARC S sold $1.43M. 108,979 shares were sold by CAMILLERI LOUIS C, worth $11.81 million on Tuesday, October 24. CALANTZOPOULOS ANDRE sold $5.08 million worth of stock or 49,000 shares.

Among 19 analysts covering Philip Morris International (NYSE:PM), 14 have Buy rating, 0 Sell and 5 Hold. Therefore 74% are positive. Philip Morris International had 55 analyst reports since August 24, 2015 according to SRatingsIntel. As per Monday, September 12, the company rating was upgraded by Goldman Sachs. As per Friday, August 18, the company rating was maintained by Piper Jaffray. The stock of Philip Morris International Inc. (NYSE:PM) earned “Neutral” rating by Bank of America on Wednesday, January 4. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, August 31. The stock has “Neutral” rating by Bank of America on Friday, October 20. The firm has “Buy” rating by Goldman Sachs given on Monday, October 3. The stock of Philip Morris International Inc. (NYSE:PM) earned “Hold” rating by SBG Securities on Wednesday, July 20. The stock of Philip Morris International Inc. (NYSE:PM) has “Buy” rating given on Monday, November 14 by CLSA. The firm has “Buy” rating by Cowen & Co given on Friday, February 9. Citigroup initiated the shares of PM in report on Tuesday, September 13 with “Neutral” rating.

Jarislowsky Fraser Ltd decreased Borgwarner Inc (NYSE:BWA) stake by 76,203 shares to 56,238 valued at $2.87 million in 2017Q4. It also reduced Toronto (NYSE:TD) stake by 408,159 shares and now owns 25.13M shares. Bce Inc. (NYSE:BCE) was reduced too.

Investors sentiment increased to 1.11 in 2017 Q4. Its up 0.14, from 0.97 in 2017Q3. It improved, as 74 investors sold PM shares while 467 reduced holdings. 109 funds opened positions while 493 raised stakes. 1.09 billion shares or 0.42% less from 1.10 billion shares in 2017Q3 were reported. Wheatland Advisors reported 4,357 shares. Jarislowsky Fraser reported 0.17% in Philip Morris International Inc. (NYSE:PM). Monetary Management Gru invested in 0.54% or 12,575 shares. Moreover, Wealthfront has 0.06% invested in Philip Morris International Inc. (NYSE:PM) for 49,767 shares. Nomura, Japan-based fund reported 227,399 shares. The California-based Checchi Cap Advisers Ltd Liability has invested 0.25% in Philip Morris International Inc. (NYSE:PM). Assetmark holds 206,164 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt System invested 0.2% in Philip Morris International Inc. (NYSE:PM). Private Na stated it has 39,849 shares. Taurus Asset Llc reported 1.52% stake. 4,659 were accumulated by Plante Moran Fin Advsrs Ltd Liability. Factory Mutual Communication has invested 0.98% in Philip Morris International Inc. (NYSE:PM). California-based Planning Ltd Limited Liability Company has invested 1.24% in Philip Morris International Inc. (NYSE:PM). Gulf Intl National Bank & Trust (Uk) reported 0.04% in Philip Morris International Inc. (NYSE:PM). Burns J W Ny invested 1.17% of its portfolio in Philip Morris International Inc. (NYSE:PM).

Philip Morris International Inc. (NYSE:PM) Institutional Positions Chart