Virtu KCG Holdings LLC lessened its position in Perrigo Company (NYSE:PRGO) by 59.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,053 shares of the company’s stock after selling 11,726 shares during the quarter. Virtu KCG Holdings LLC’s holdings in Perrigo were worth $608,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Perrigo by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 14,874,096 shares of the company’s stock valued at $1,123,292,000 after acquiring an additional 299,328 shares in the last quarter. BlackRock Inc. boosted its position in shares of Perrigo by 3,825.1% during the 1st quarter. BlackRock Inc. now owns 12,154,494 shares of the company’s stock valued at $806,936,000 after acquiring an additional 11,844,832 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Perrigo by 117.7% during the 2nd quarter. Franklin Resources Inc. now owns 8,109,742 shares of the company’s stock valued at $612,448,000 after acquiring an additional 4,383,903 shares in the last quarter. State Street Corp boosted its position in shares of Perrigo by 8.5% during the 1st quarter. State Street Corp now owns 6,644,799 shares of the company’s stock valued at $441,153,000 after acquiring an additional 520,967 shares in the last quarter. Finally, Manning & Napier Advisors LLC boosted its position in Perrigo by 6.8% in the second quarter. Manning & Napier Advisors LLC now owns 2,586,068 shares of the company’s stock valued at $195,298,000 after buying an additional 165,232 shares in the last quarter. Institutional investors own 82.44% of the company’s stock.
Perrigo Company (NYSE:PRGO) opened at 86.08 on Tuesday. Perrigo Company has a one year low of $63.68 and a one year high of $92.64. The company’s market cap is $12.28 billion. The company has a 50-day moving average of $84.49 and a 200-day moving average of $75.53.
Perrigo (NYSE:PRGO) last released its quarterly earnings results on Thursday, August 10th. The company reported $1.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.28. Perrigo had a positive return on equity of 11.55% and a negative net margin of 51.04%. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the company posted $1.93 EPS. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. Equities research analysts expect that Perrigo Company will post $4.59 EPS for the current fiscal year.
A number of equities analysts have weighed in on the stock. UBS AG reissued a “buy” rating and set a $98.00 price target (up from $84.00) on shares of Perrigo in a research note on Thursday, October 5th. Oppenheimer Holdings, Inc. started coverage on shares of Perrigo in a report on Monday, October 2nd. They set a “buy” rating and a $88.00 price objective for the company. BidaskClub upgraded shares of Perrigo from a “sell” rating to a “hold” rating in a report on Saturday, September 16th. Deutsche Bank AG upped their price target on shares of Perrigo from $88.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, September 14th. Finally, Royal Bank Of Canada reiterated a “sell” rating and issued a $64.00 price target on shares of Perrigo in a report on Wednesday, September 13th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $88.50.
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In other Perrigo news, EVP Thomas Farrington sold 616 shares of the stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $76.90, for a total transaction of $47,370.40. Following the transaction, the executive vice president now owns 2,724 shares in the company, valued at $209,475.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Sharon Kochan sold 318 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $81.36, for a total value of $25,872.48. Following the transaction, the executive vice president now owns 10,231 shares in the company, valued at approximately $832,394.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,894 shares of company stock worth $581,320. Company insiders own 6.90% of the company’s stock.
Perrigo Company Profile
Perrigo Company plc is a global healthcare supplier that develops, manufactures and distributes over-the-counter (OTC) and generic prescription (Rx) pharmaceuticals, infant formulas, nutritional products, animal health, dietary supplements, active pharmaceutical ingredients (API), and medical diagnostic products, and Multiple Sclerosis drug Tysabri.
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