Nesli Basgoz Sells 1,889 Shares of Allergan plc (AGN) Stock
Allergan plc (NYSE:AGN) Director Nesli Basgoz sold 1,889 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The stock was 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 this hyperlink.
Allergan plc (NYSE:AGN) traded up 0.18% on Monday, hitting $219.52. The company’s stock had a trading volume of 1,770,195 shares. The company has a 50 day moving average price of $236.44 and a 200-day moving average price of $222.55. Allergan plc has a 1-year low of $184.50 and a 1-year high of $261.27. The company has a market capitalization of $73.73 billion, a P/E ratio of 6.84 and a beta of 1.07.
Allergan plc (NYSE:AGN) last released its quarterly earnings results on Tuesday, May 9th. The company reported $3.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.32 by $0.03. Allergan plc had a net margin of 100.04% and a return on equity of 7.21%. The business had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $3.53 billion. During the same period in the prior year, the firm earned $3.04 earnings per share. Allergan plc’s revenue was up 5.1% compared to the same quarter last year. On average, equities analysts forecast that Allergan plc will post $16.10 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, May 18th will be paid a dividend of $0.70 per share. The ex-dividend date is Tuesday, May 16th. This represents a $2.80 annualized dividend and a dividend yield of 1.28%.
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Several hedge funds have recently added to or reduced their stakes in the stock. Appaloosa LP boosted its stake in Allergan plc by 249.8% in the fourth quarter. Appaloosa LP now owns 4,261,406 shares of the company’s stock valued at $894,938,000 after buying an additional 3,043,097 shares during the period. Janus Capital Management LLC boosted its stake in Allergan plc by 20.5% in the fourth quarter. Janus Capital Management LLC now owns 3,897,873 shares of the company’s stock valued at $818,699,000 after buying an additional 663,390 shares during the period. Baupost Group LLC MA boosted its stake in Allergan plc by 71.5% in the fourth quarter. Baupost Group LLC MA now owns 3,432,603 shares of the company’s stock valued at $720,881,000 after buying an additional 1,430,625 shares during the period. Norges Bank bought a new stake in Allergan plc during the fourth quarter valued at approximately $682,333,000. Finally, Veritas Asset Management LLP bought a new stake in Allergan plc during the first quarter valued at approximately $761,339,000. 86.40% of the stock is currently owned by institutional investors and hedge funds.
AGN has been the subject of several analyst reports. Vetr upgraded Allergan plc from a “hold” rating to a “buy” rating and set a $224.07 price objective for the company in a research report on Monday, January 23rd. Deutsche Bank AG boosted their price objective on Allergan plc from $262.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, March 28th. Royal Bank of Canada set a $279.00 price objective on Allergan plc and gave the stock a “buy” rating in a research report on Wednesday, April 12th. Piper Jaffray Companies set a $205.00 price objective on Allergan plc and gave the stock a “hold” rating in a research report on Wednesday, February 22nd. Finally, Leerink Swann boosted their price objective on Allergan plc to $280.00 and gave the stock a “buy” rating in a research report on Thursday, February 9th. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $267.21.
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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