Hellman Jordan Management Co. Inc. MA Buys New Stake in Allergan PLC. (AGN)
Hellman Jordan Management Co. Inc. MA bought a new position in Allergan PLC. (NYSE:AGN) during the second quarter, Holdings Channel reports. The institutional investor bought 5,640 shares of the company’s stock, valued at approximately $1,371,000. Allergan PLC. comprises 2.9% of Hellman Jordan Management Co. Inc. MA’s holdings, making the stock its 4th largest position.
A number of other large investors also recently added to or reduced their stakes in AGN. GWM Advisors LLC increased its stake in Allergan PLC. by 0.4% in the first quarter. GWM Advisors LLC now owns 1,260 shares of the company’s stock worth $300,000 after buying an additional 5 shares during the last quarter. Burns J W & Co. Inc. NY increased its stake in Allergan PLC. by 0.7% in the second quarter. Burns J W & Co. Inc. NY now owns 906 shares of the company’s stock worth $220,000 after buying an additional 6 shares during the last quarter. Trust Co increased its stake in Allergan PLC. by 0.8% in the first quarter. Trust Co now owns 1,224 shares of the company’s stock worth $292,000 after buying an additional 10 shares during the last quarter. JNBA Financial Advisors increased its stake in Allergan PLC. by 2.5% in the first quarter. JNBA Financial Advisors now owns 487 shares of the company’s stock worth $116,000 after buying an additional 12 shares during the last quarter. Finally, Tarbox Group Inc. increased its stake in Allergan PLC. by 0.6% in the first quarter. Tarbox Group Inc. now owns 2,393 shares of the company’s stock worth $572,000 after buying an additional 15 shares during the last quarter. Institutional investors own 83.63% of the company’s stock.
Shares of Allergan PLC. (NYSE:AGN) traded down 0.213% during mid-day trading on Tuesday, hitting $232.145. 594,744 shares of the stock traded hands. Allergan PLC. has a one year low of $184.50 and a one year high of $256.80. The company’s 50 day moving average is $245.54 and its 200 day moving average is $238.65. The firm has a market capitalization of $77.61 billion, a P/E ratio of 7.073 and a beta of 1.16.
Allergan PLC. (NYSE:AGN) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $4.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.95 by $0.07. The company had revenue of $4.01 billion for the quarter, compared to analyst estimates of $3.95 billion. Allergan PLC. had a net margin of 79.17% and a return on equity of 7.37%. The company’s revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm earned $3.35 earnings per share. On average, equities analysts expect that Allergan PLC. will post $16.27 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 18th will be paid a $0.70 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $2.80 annualized dividend and a dividend yield of 1.20%. Allergan PLC.’s dividend payout ratio (DPR) is presently 9.95%.
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A number of equities research analysts have issued reports on the stock. UBS AG reiterated a “buy” rating and issued a $275.00 target price on shares of Allergan PLC. in a research report on Monday, May 15th. Vetr upgraded shares of Allergan PLC. from a “sell” rating to a “hold” rating and set a $242.88 price target on the stock in a report on Monday, June 26th. Wells Fargo & Company restated an “outperform” rating and set a $280.00 price target (up previously from $270.00) on shares of Allergan PLC. in a report on Wednesday, August 9th. Argus restated a “buy” rating and set a $280.00 price target on shares of Allergan PLC. in a report on Monday. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Allergan PLC. from a “buy” rating to a “neutral” rating and set a $262.00 price target on the stock. in a report on Wednesday, May 10th. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Allergan PLC. currently has an average rating of “Buy” and an average price target of $275.49.
In related news, Director Nesli Basgoz sold 1,889 shares of the company’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $220.45, for a total value of $416,430.05. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.36% of the company’s stock.
About Allergan PLC.
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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