47,676 Shares in Allergan PLC. (AGN) Acquired by Tiaa Fsb
Tiaa Fsb bought a new position in shares of Allergan PLC. (NYSE:AGN) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 47,676 shares of the company’s stock, valued at approximately $11,590,000.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Veritas Asset Management LLP acquired a new position in Allergan PLC. in the first quarter valued at about $761,339,000. Iridian Asset Management LLC CT lifted its position in Allergan PLC. by 141.3% during the first quarter. Iridian Asset Management LLC CT now owns 1,283,833 shares of the company’s stock worth $306,733,000 after purchasing an additional 751,848 shares during the period. Renaissance Technologies LLC acquired a new stake in Allergan PLC. during the first quarter worth about $124,255,000. Vanguard Group Inc. grew its stake in Allergan PLC. by 2.2% during the second quarter. Vanguard Group Inc. now owns 22,835,689 shares of the company’s stock worth $5,551,128,000 after buying an additional 482,220 shares in the last quarter. Finally, Blue Ridge Capital L.L.C. grew its stake in Allergan PLC. by 24.1% during the first quarter. Blue Ridge Capital L.L.C. now owns 1,909,900 shares of the company’s stock worth $456,313,000 after buying an additional 370,400 shares in the last quarter. 82.03% of the stock is currently owned by institutional investors.
AGN has been the topic of several recent analyst reports. Wells Fargo & Company reissued a “buy” rating on shares of Allergan PLC. in a report on Monday. Barclays PLC restated an “equal weight” rating on shares of Allergan PLC. in a research report on Monday. UBS AG reaffirmed a “buy” rating and set a $275.00 price target on shares of Allergan PLC. in a report on Tuesday, September 26th. Credit Suisse Group reaffirmed an “outperform” rating and set a $266.00 price target (down previously from $286.00) on shares of Allergan PLC. in a report on Tuesday, September 26th. Finally, Mizuho reiterated a “buy” rating and set a $267.00 price target on shares of Allergan PLC. in a research report on Monday, September 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $271.84.
Shares of Allergan PLC. (NYSE AGN) opened at 209.80 on Wednesday. The firm has a market capitalization of $70.14 billion, a P/E ratio of 6.39 and a beta of 1.15. The company has a 50-day moving average price of $220.20 and a 200-day moving average price of $233.72. Allergan PLC. has a 12-month low of $184.50 and a 12-month high of $256.80.
Allergan PLC. (NYSE:AGN) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $4.02 EPS for the quarter, beating analysts’ consensus estimates of $3.95 by $0.07. Allergan PLC. had a net margin of 79.17% and a return on equity of 7.37%. The business had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $3.95 billion. During the same period last year, the business earned $3.35 earnings per share. The business’s quarterly revenue was up 8.8% on a year-over-year basis. Equities analysts predict that Allergan PLC. will post $16.22 EPS for the current year.
Allergan PLC. declared that its board has approved a stock buyback plan on Monday, September 25th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 2.8% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 18th were issued a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.33%. Allergan PLC.’s payout ratio is 9.95%.
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Allergan PLC. Company Profile
Allergan, Inc is a multi-specialty healthcare company. The Company focuses on developing and commercializing pharmaceuticals, biologics, medical devices and over-the-counter (OTC) products. It discovers, develops and commercializes a range of products for the ophthalmic, neurological, medical aesthetics, medical dermatology, breast aesthetics, urological and other specialty markets.
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