Insider Selling: Perrigo Company PLC VP Sells 10,205 Shares of Stock (PRGO)
Perrigo Company PLC (NASDAQ:PRGO) VP Jeffrey Needham sold 10,205 shares of the stock on the open market in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $148.54, for a total transaction of $1,515,850.70. Following the completion of the transaction, the vice president now directly owns 5,199 shares in the company, valued at approximately $772,259. The sale was disclosed in a legal filing with the SEC, which is available at this link.
PRGO has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Perrigo Company PLC in a research note on Monday, August 18th. They now have a $156.00 price target on the stock. Separately, analysts at B. Riley upgraded shares of Perrigo Company PLC from a “neutral” rating to a “buy” rating in a research note on Friday, August 15th. They now have a $180.00 price target on the stock, up previously from $157.00. Finally, analysts at Jefferies Group raised their price target on shares of Perrigo Company PLC from $160.00 to $176.00 in a research note on Friday, August 15th. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Perrigo Company PLC has a consensus rating of “Buy” and an average price target of $166.92.
Shares of Perrigo Company PLC (NASDAQ:PRGO) traded up 0.81% during mid-day trading on Thursday, hitting $150.03. The stock had a trading volume of 709,588 shares. Perrigo Company PLC has a 1-year low of $117.80 and a 1-year high of $168.39. The stock’s 50-day moving average is $149.7 and its 200-day moving average is $148.7. The company has a market cap of $20.077 billion and a P/E ratio of 84.08.
Perrigo Company PLC (NASDAQ:PRGO) last announced its earnings results on Thursday, August 14th. The company reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.19. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.09 billion. Analysts expect that Perrigo Company PLC will post $7.39 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 16th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 0.28%. The ex-dividend date is Wednesday, August 27th.
Perrigo Company plc is a global healthcare supplier that develops, manufactures and distributes over-the-counter (NASDAQ:PRGO) 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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