New York State Common Retirement Fund increased its stake in Perrigo Company plc (NYSE:PRGO – Free Report) by 5.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 304,175 shares of the company’s stock after purchasing an additional 15,940 shares during the quarter. New York State Common Retirement Fund owned approximately 0.23% of Perrigo worth $10,911,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of the stock. CWM LLC lifted its stake in shares of Perrigo by 73.0% during the 1st quarter. CWM LLC now owns 699 shares of the company’s stock valued at $25,000 after buying an additional 295 shares in the last quarter. State of Michigan Retirement System raised its holdings in Perrigo by 0.9% during the fourth quarter. State of Michigan Retirement System now owns 34,258 shares of the company’s stock valued at $1,168,000 after acquiring an additional 300 shares during the period. Veriti Management LLC lifted its position in shares of Perrigo by 4.5% in the fourth quarter. Veriti Management LLC now owns 7,218 shares of the company’s stock valued at $246,000 after acquiring an additional 308 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Perrigo by 0.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 39,617 shares of the company’s stock worth $1,351,000 after acquiring an additional 343 shares during the period. Finally, Thrivent Financial for Lutherans grew its position in shares of Perrigo by 1.0% during the second quarter. Thrivent Financial for Lutherans now owns 35,300 shares of the company’s stock worth $1,432,000 after purchasing an additional 344 shares in the last quarter. 95.06% of the stock is currently owned by hedge funds and other institutional investors.
Perrigo Price Performance
Shares of PRGO stock opened at $36.35 on Wednesday. The company has a quick ratio of 1.43, a current ratio of 2.52 and a debt-to-equity ratio of 0.84. Perrigo Company plc has a 12-month low of $30.78 and a 12-month high of $43.90. The stock’s 50-day moving average price is $33.79 and its 200-day moving average price is $35.25.
Perrigo (NYSE:PRGO – Get Free Report) last released its quarterly earnings data on Tuesday, May 9th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. Perrigo had a positive return on equity of 6.21% and a negative net margin of 2.85%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the company posted $0.33 EPS. The company’s revenue was up 10.0% compared to the same quarter last year. Analysts expect that Perrigo Company plc will post 2.56 earnings per share for the current year.
Perrigo Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 20th. Stockholders of record on Friday, June 2nd were given a dividend of $0.273 per share. This represents a $1.09 annualized dividend and a dividend yield of 3.00%. The ex-dividend date was Thursday, June 1st. Perrigo’s dividend payout ratio is -113.54%.
Insider Activity at Perrigo
In other Perrigo news, CEO Murray S. Kessler sold 197,646 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $35.75, for a total transaction of $7,065,844.50. Following the sale, the chief executive officer now directly owns 2,668 shares of the company’s stock, valued at $95,381. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Geoffrey M. Parker acquired 10,000 shares of the business’s stock in a transaction on Tuesday, June 13th. The shares were acquired at an average price of $33.06 per share, for a total transaction of $330,600.00. Following the completion of the transaction, the director now directly owns 25,879 shares of the company’s stock, valued at approximately $855,559.74. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Murray S. Kessler sold 197,646 shares of the stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $35.75, for a total transaction of $7,065,844.50. Following the completion of the sale, the chief executive officer now directly owns 2,668 shares in the company, valued at approximately $95,381. The disclosure for this sale can be found here. 0.80% of the stock is owned by insiders.
Analysts Set New Price Targets
Separately, StockNews.com lowered shares of Perrigo from a “buy” rating to a “hold” rating in a report on Friday, July 28th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Perrigo presently has an average rating of “Moderate Buy” and a consensus price target of $48.00.
Perrigo Company Profile
(Free Report)
Perrigo Company plc provides over-the-counter health and wellness solutions to enhance individual well-being in Ireland, the United States, France, Belgium, China, the United Kingdom, Germany, Switzerland, Austria, Italy, Australia, Greece, and Spain. It operates through Consumer Self-Care Americas and Consumer Self-Care International segments.
See Also
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