Sei Investments Co. Raises Position in Perrigo Company (NYSE:PRGO)
Sei Investments Co. boosted its stake in shares of Perrigo Company (NYSE:PRGO) by 445.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,092 shares of the company’s stock after buying an additional 99,725 shares during the period. Sei Investments Co.’s holdings in Perrigo were worth $9,220,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in PRGO. Teachers Advisors LLC raised its position in shares of Perrigo by 6.8% in the fourth quarter. Teachers Advisors LLC now owns 175,090 shares of the company’s stock valued at $14,573,000 after buying an additional 11,079 shares during the period. Macquarie Group Ltd. raised its position in shares of Perrigo by 1.7% in the fourth quarter. Macquarie Group Ltd. now owns 103,300 shares of the company’s stock valued at $8,597,000 after buying an additional 1,685 shares during the period. Chevy Chase Trust Holdings Inc. raised its position in shares of Perrigo by 3.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 123,597 shares of the company’s stock valued at $8,205,000 after buying an additional 3,792 shares during the period. Bank of Montreal Can raised its position in shares of Perrigo by 10.8% in the first quarter. Bank of Montreal Can now owns 82,020 shares of the company’s stock valued at $5,445,000 after buying an additional 8,012 shares during the period. Finally, Fox Run Management L.L.C. raised its position in shares of Perrigo by 17.2% in the first quarter. Fox Run Management L.L.C. now owns 7,500 shares of the company’s stock valued at $498,000 after buying an additional 1,100 shares during the period. 76.38% of the stock is owned by institutional investors and hedge funds.
Shares of Perrigo Company (NYSE PRGO) opened at 78.49 on Friday. Perrigo Company has a 1-year low of $63.68 and a 1-year high of $99.14. The company’s market cap is $11.26 billion. The company’s 50-day moving average price is $73.59 and its 200 day moving average price is $73.05.
Perrigo (NYSE:PRGO) last posted its quarterly earnings data on Thursday, August 10th. The company reported $1.22 EPS for the quarter, topping the consensus estimate of $0.94 by $0.28. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.18 billion. Perrigo had a positive return on equity of 11.37% and a negative net margin of 51.04%. Perrigo’s revenue was down 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.93 EPS. On average, analysts predict that Perrigo Company will post $4.32 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Friday, August 25th will be paid a $0.16 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $0.64 annualized dividend and a dividend yield of 0.82%. Perrigo’s dividend payout ratio (DPR) is -3.51%.
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PRGO has been the subject of several research reports. Wells Fargo & Company reissued a “market perform” rating and set a $67.00 price objective on shares of Perrigo in a report on Friday, April 14th. Deutsche Bank AG reduced their price objective on Perrigo from $87.00 to $86.00 and set a “buy” rating for the company in a report on Wednesday, April 19th. B. Riley reissued a “neutral” rating and set a $67.00 price objective on shares of Perrigo in a report on Saturday, April 22nd. Royal Bank Of Canada reissued a “hold” rating and set a $68.00 price objective on shares of Perrigo in a report on Wednesday, May 3rd. Finally, Canaccord Genuity set a $86.00 price objective on Perrigo and gave the company a “buy” rating in a report on Monday, May 22nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. Perrigo has a consensus rating of “Hold” and an average target price of $85.31.
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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