Perrigo Company (PRGO) EVP Thomas Farrington Sells 616 Shares
Perrigo Company (NYSE:PRGO) EVP Thomas Farrington sold 616 shares of the business’s 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 completion of the sale, the executive vice president now directly owns 2,724 shares of the company’s stock, valued at $209,475.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Thomas Farrington also recently made the following trade(s):
- On Friday, August 18th, Thomas Farrington sold 865 shares of Perrigo stock. The stock was sold at an average price of $78.40, for a total transaction of $67,816.00.
Perrigo Company (NYSE PRGO) traded down 0.06% during trading on Friday, reaching $78.91. 769,116 shares of the company traded hands. The company’s 50-day moving average is $74.98 and its 200 day moving average is $73.22. The company’s market cap is $11.25 billion. Perrigo Company has a 12 month low of $63.68 and a 12 month high of $99.14.
Perrigo (NYSE:PRGO) last announced its quarterly earnings results on Thursday, August 10th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the firm posted $1.93 EPS. The company’s quarterly revenue was down 7.7% on a year-over-year basis. On average, analysts anticipate that Perrigo Company will post $4.58 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Friday, August 25th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Wednesday, August 23rd. Perrigo’s dividend payout ratio is -3.51%.
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Large investors have recently made changes to their positions in the stock. State Treasurer State of Michigan increased its stake in shares of Perrigo by 0.4% in the first quarter. State Treasurer State of Michigan now owns 47,122 shares of the company’s stock valued at $3,128,000 after buying an additional 200 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its stake in shares of Perrigo by 94.3% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 30,802 shares of the company’s stock valued at $2,045,000 after buying an additional 14,953 shares in the last quarter. Geneva Advisors LLC acquired a new stake in shares of Perrigo during the first quarter valued at about $285,000. Kornitzer Capital Management Inc. KS increased its stake in shares of Perrigo by 16.3% in the first quarter. Kornitzer Capital Management Inc. KS now owns 28,265 shares of the company’s stock valued at $1,877,000 after buying an additional 3,970 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Perrigo by 3.9% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 40,411 shares of the company’s stock valued at $2,683,000 after buying an additional 1,502 shares in the last quarter. 80.35% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have recently weighed in on PRGO. Goldman Sachs Group, Inc. (The) upgraded shares of Perrigo from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $66.00 to $79.00 in a research note on Friday, August 11th. Cantor Fitzgerald restated a “buy” rating on shares of Perrigo in a research note on Monday, August 21st. Jefferies Group LLC restated a “hold” rating and issued a $71.00 price objective (up from $69.00) on shares of Perrigo in a research note on Friday, August 11th. Stifel Nicolaus restated a “hold” rating on shares of Perrigo in a research note on Friday, August 11th. Finally, BidaskClub cut shares of Perrigo from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $86.83.
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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