AMP Capital Investors Ltd Has $3.12 Million Holdings in Perrigo Company plc (PRGO)
AMP Capital Investors Ltd trimmed its stake in Perrigo Company plc (NYSE:PRGO) by 12.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,837 shares of the company’s stock after selling 5,100 shares during the quarter. AMP Capital Investors Ltd’s holdings in Perrigo were worth $3,124,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Thrivent Financial For Lutherans lifted its position in shares of Perrigo by 5.0% in the fourth quarter. Thrivent Financial For Lutherans now owns 129,207 shares of the company’s stock valued at $11,261,000 after buying an additional 6,179 shares during the last quarter. MANA Advisors LLC acquired a new stake in Perrigo during the 4th quarter worth approximately $1,059,000. Renaissance Technologies LLC lifted its holdings in Perrigo by 289.2% during the 4th quarter. Renaissance Technologies LLC now owns 448,408 shares of the company’s stock worth $39,083,000 after purchasing an additional 333,200 shares during the last quarter. Moors & Cabot Inc. lifted its holdings in Perrigo by 31.4% during the 4th quarter. Moors & Cabot Inc. now owns 7,223 shares of the company’s stock worth $632,000 after purchasing an additional 1,728 shares during the last quarter. Finally, Invictus RG lifted its holdings in Perrigo by 123.0% during the 4th quarter. Invictus RG now owns 7,330 shares of the company’s stock worth $639,000 after purchasing an additional 4,043 shares during the last quarter. Hedge funds and other institutional investors own 78.64% of the company’s stock.
In other news, VP Todd W. Kingma sold 1,500 shares of Perrigo stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $88.52, for a total value of $132,780.00. Following the transaction, the vice president now owns 19,565 shares in the company, valued at approximately $1,731,893.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Uwe Roehrhoff purchased 7,500 shares of the firm’s stock in a transaction dated Monday, March 5th. The stock was acquired at an average price of $81.85 per share, for a total transaction of $613,875.00. Following the purchase, the chief executive officer now owns 4,900 shares in the company, valued at approximately $401,065. The disclosure for this purchase can be found here. Company insiders own 6.90% of the company’s stock.
Perrigo (NYSE:PRGO) last issued its quarterly earnings results on Thursday, March 1st. The company reported $1.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.03. Perrigo had a return on equity of 11.54% and a net margin of 2.42%. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the company posted $1.24 EPS. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. sell-side analysts expect that Perrigo Company plc will post 5.24 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 20th. Stockholders of record on Friday, March 2nd were paid a $0.19 dividend. This is a positive change from Perrigo’s previous quarterly dividend of $0.16. The ex-dividend date was Thursday, March 1st. This represents a $0.76 annualized dividend and a dividend yield of 0.92%. Perrigo’s dividend payout ratio (DPR) is presently 90.48%.
Several analysts recently weighed in on PRGO shares. Cantor Fitzgerald set a $107.00 price target on Perrigo and gave the stock a “buy” rating in a report on Monday, December 4th. Argus raised Perrigo from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a report on Friday, December 8th. Canaccord Genuity set a $100.00 price target on Perrigo and gave the stock a “buy” rating in a report on Monday, January 1st. Berenberg Bank started coverage on Perrigo in a report on Thursday, February 1st. They set a “buy” rating and a $117.00 price target for the company. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $83.00 price target (up from $82.00) on shares of Perrigo in a report on Monday, March 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $91.88.
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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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