Teachers Retirement System of The State of Kentucky Has $87.41 Million Stake in Allergan PLC. (NYSE:AGN)
Teachers Retirement System of The State of Kentucky boosted its stake in Allergan PLC. (NYSE:AGN) by 23.1% during the first quarter, Holdings Channel reports. The fund owned 365,853 shares of the company’s stock after buying an additional 68,763 shares during the period. Allergan PLC. comprises about 1.0% of Teachers Retirement System of The State of Kentucky’s portfolio, making the stock its 6th largest position. Teachers Retirement System of The State of Kentucky’s holdings in Allergan PLC. were worth $87,410,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Crestwood Advisors Group LLC purchased a new stake in Allergan PLC. during the first quarter valued at about $103,000. Feltz Wealth PLAN Inc. purchased a new stake in Allergan PLC. during the first quarter valued at about $107,000. Enterprise Financial Services Corp boosted its stake in Allergan PLC. by 62.7% in the first quarter. Enterprise Financial Services Corp now owns 462 shares of the company’s stock valued at $110,000 after buying an additional 178 shares during the last quarter. JNBA Financial Advisors boosted its stake in Allergan PLC. by 2.5% in the first quarter. JNBA Financial Advisors now owns 487 shares of the company’s stock valued at $116,000 after buying an additional 12 shares during the last quarter. Finally, Webster Bank N. A. boosted its stake in Allergan PLC. by 31.0% in the first quarter. Webster Bank N. A. now owns 520 shares of the company’s stock valued at $124,000 after buying an additional 123 shares during the last quarter. Institutional investors own 84.77% of the company’s stock.
Shares of Allergan PLC. (NYSE:AGN) traded down 1.14% during mid-day trading on Thursday, reaching $235.26. The company’s stock had a trading volume of 617,909 shares. The company has a market capitalization of $78.86 billion, a price-to-earnings ratio of 7.17 and a beta of 1.16. Allergan PLC. has a 1-year low of $184.50 and a 1-year high of $256.80. The firm’s 50 day moving average price is $246.68 and its 200-day moving average price is $238.04.
Allergan PLC. (NYSE:AGN) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $4.02 earnings per share for the quarter, beating the Zacks’ 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 7.25%. Allergan PLC.’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the business earned $3.35 EPS. On average, analysts predict that Allergan PLC. will post $16.25 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 18th will be issued a $0.70 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.18%. Allergan PLC.’s dividend payout ratio (DPR) is presently 9.95%.
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Several equities research analysts recently issued reports on the company. UBS AG reiterated a “buy” rating and issued a $275.00 price objective on shares of Allergan PLC. in a report on Monday, May 15th. Vetr upgraded Allergan PLC. from a “sell” rating to a “hold” rating and set a $242.88 target price on the stock in a report on Monday, June 26th. Royal Bank Of Canada set a $284.00 target price on Allergan PLC. and gave the stock a “buy” rating in a report on Monday, June 12th. BidaskClub upgraded Allergan PLC. from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Finally, Mizuho restated a “buy” rating and set a $267.00 target price on shares of Allergan PLC. in a report on Wednesday, August 2nd. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Allergan PLC. currently has a consensus rating of “Buy” and a consensus target price of $274.49.
In other Allergan PLC. news, Director Nesli Basgoz sold 1,889 shares of Allergan PLC. stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $220.45, for a total value of $416,430.05. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.36% of the stock is owned by company insiders.
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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