Retirement Systems of Alabama raised its position in shares of Perrigo Company PLC (NYSE:PRGO) by 2.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 59,581 shares of the company’s stock after purchasing an additional 1,234 shares during the quarter. Retirement Systems of Alabama’s holdings in Perrigo were worth $3,330,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the business. Amundi Pioneer Asset Management Inc. grew its stake in shares of Perrigo by 26.6% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 130,128 shares of the company’s stock valued at $6,267,000 after acquiring an additional 27,379 shares during the period. Moon Capital Management LLC raised its holdings in shares of Perrigo by 67.3% during the 2nd quarter. Moon Capital Management LLC now owns 43,909 shares of the company’s stock worth $2,091,000 after acquiring an additional 17,660 shares in the last quarter. Xact Kapitalforvaltning AB raised its holdings in shares of Perrigo by 18.1% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 26,707 shares of the company’s stock worth $1,272,000 after acquiring an additional 4,092 shares in the last quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management raised its holdings in shares of Perrigo by 2.6% during the 2nd quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management now owns 2,214,899 shares of the company’s stock worth $105,473,000 after acquiring an additional 56,700 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of Perrigo by 17.9% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 44,022 shares of the company’s stock worth $2,096,000 after acquiring an additional 6,678 shares in the last quarter. Institutional investors and hedge funds own 87.89% of the company’s stock.
PRGO has been the topic of several recent research reports. Argus raised Perrigo from a “hold” rating to a “buy” rating in a report on Friday, October 11th. Wells Fargo & Co upped their price objective on Perrigo from $45.00 to $52.00 and gave the stock a “market perform” rating in a report on Monday, September 30th. SunTrust Banks upped their price objective on Perrigo from $51.00 to $55.00 and gave the stock a “hold” rating in a report on Wednesday, September 25th. They noted that the move was a valuation call. TheStreet raised Perrigo from a “d+” rating to a “c-” rating in a report on Friday, September 27th. Finally, ValuEngine raised Perrigo from a “sell” rating to a “hold” rating in a report on Wednesday, September 11th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $56.71.
Perrigo (NYSE:PRGO) last released its earnings results on Wednesday, November 6th. The company reported $1.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.11. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.20 billion. Perrigo had a return on equity of 9.57% and a net margin of 1.87%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 EPS. As a group, equities analysts predict that Perrigo Company PLC will post 3.94 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Wednesday, November 27th. Perrigo’s dividend payout ratio is currently 18.46%.
In other news, CFO Ronald Winowiecki sold 826 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $48.03, for a total transaction of $39,672.78. Following the transaction, the chief financial officer now owns 6,952 shares of the company’s stock, valued at approximately $333,904.56. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 7.70% of the company’s stock.
Perrigo Company Profile
Perrigo Company plc, a healthcare company, manufactures and supplies over-the-counter (OTC) healthcare products, infant formulas, branded OTC products, and generic pharmaceutical products. The company operates through Consumer Healthcare Americas, Consumer Healthcare International, and Prescription Pharmaceuticals segments.
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