Gamco Investors INC. ET AL boosted its position in shares of Perrigo Company PLC (NYSE:PRGO) by 8.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,000 shares of the company’s stock after buying an additional 3,000 shares during the period. Gamco Investors INC. ET AL’s holdings in Perrigo were worth $2,068,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in PRGO. SRS Capital Advisors Inc. acquired a new stake in Perrigo during the second quarter worth about $25,000. Financial Gravity Wealth Inc. lifted its holdings in shares of Perrigo by 15,075.0% in the second quarter. Financial Gravity Wealth Inc. now owns 607 shares of the company’s stock worth $29,000 after acquiring an additional 603 shares during the last quarter. Commonwealth Bank of Australia lifted its holdings in shares of Perrigo by 295.6% in the second quarter. Commonwealth Bank of Australia now owns 890 shares of the company’s stock worth $42,000 after acquiring an additional 665 shares during the last quarter. CSat Investment Advisory L.P. lifted its holdings in shares of Perrigo by 43.1% in the second quarter. CSat Investment Advisory L.P. now owns 1,527 shares of the company’s stock worth $72,000 after acquiring an additional 460 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Perrigo by 16.7% in the third quarter. Quadrant Capital Group LLC now owns 3,314 shares of the company’s stock worth $183,000 after acquiring an additional 475 shares during the last quarter. Hedge funds and other institutional investors own 87.89% of the company’s stock.
A number of research analysts have recently commented on PRGO shares. SunTrust Banks increased their target price on shares of Perrigo from $51.00 to $55.00 and gave the stock a “hold” rating in a report on Wednesday, September 25th. They noted that the move was a valuation call. Wells Fargo & Co increased their target price on shares of Perrigo from $45.00 to $52.00 and gave the stock a “market perform” rating in a report on Monday, September 30th. ValuEngine raised shares of Perrigo from a “sell” rating to a “hold” rating in a report on Wednesday, September 11th. Argus raised shares of Perrigo from a “hold” rating to a “buy” rating in a report on Friday, October 11th. Finally, TheStreet raised shares of Perrigo from a “d+” rating to a “c-” rating in a report on Friday, September 27th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Perrigo has an average rating of “Hold” and a consensus price target of $56.71.
NYSE PRGO traded up $0.28 during trading hours on Friday, reaching $50.05. The company’s stock had a trading volume of 926,243 shares, compared to its average volume of 1,261,356. The firm has a fifty day simple moving average of $53.80 and a 200-day simple moving average of $49.99. The stock has a market cap of $7.37 billion, a P/E ratio of 11.00, a P/E/G ratio of 5.50 and a beta of 1.46. Perrigo Company PLC has a 52 week low of $36.28 and a 52 week high of $66.15. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.92 and a quick ratio of 1.39.
Perrigo (NYSE:PRGO) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.11. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.20 billion. Perrigo had a net margin of 1.87% and a return on equity of 9.57%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business earned $1.09 EPS. On average, research analysts expect that Perrigo Company PLC will post 3.94 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, November 29th will be issued a $0.21 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.84 dividend on an annualized basis and a yield of 1.68%. Perrigo’s dividend payout ratio (DPR) is presently 18.46%.
In related news, CFO Ronald Winowiecki sold 826 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $48.03, for a total value of $39,672.78. Following the completion of the transaction, the chief financial officer now owns 6,952 shares in the company, valued at approximately $333,904.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 7.70% of the stock is owned by company insiders.
Perrigo Company plc, a healthcare company, manufactures and supplies over-the-counter (OTC) healthcare products, infant formulas, branded OTC products, and generic pharmaceutical products. The company operates through Consumer Healthcare Americas, Consumer Healthcare International, and Prescription Pharmaceuticals segments.
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