Park Avenue Securities LLC acquired a new stake in shares of Perrigo Company plc (NYSE:PRGO – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 10,227 shares of the company’s stock, valued at approximately $347,000.
Other large investors have also recently made changes to their positions in the company. CWM LLC lifted its position 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. Stone House Investment Management LLC purchased a new position in shares of Perrigo during the 1st quarter valued at about $27,000. Dark Forest Capital Management LP purchased a new position in shares of Perrigo during the 1st quarter valued at about $31,000. Parallel Advisors LLC lifted its position in shares of Perrigo by 434.8% during the 1st quarter. Parallel Advisors LLC now owns 1,214 shares of the company’s stock valued at $44,000 after buying an additional 987 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Perrigo by 345.5% during the 1st quarter. NewEdge Advisors LLC now owns 1,430 shares of the company’s stock valued at $51,000 after buying an additional 1,109 shares in the last quarter. 95.74% of the stock is owned by hedge funds and other institutional investors.
Perrigo Stock Up 0.1 %
Shares of PRGO opened at $31.50 on Thursday. The business’s 50 day moving average is $35.81 and its 200 day moving average is $34.99. The company has a market capitalization of $4.27 billion, a PE ratio of -75.00 and a beta of 0.81. Perrigo Company plc has a 12-month low of $30.78 and a 12-month high of $41.44. The company has a current ratio of 2.62, a quick ratio of 1.52 and a debt-to-equity ratio of 0.84.
Perrigo (NYSE:PRGO – Get Free Report) last issued its earnings results on Tuesday, August 8th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.09. Perrigo had a positive return on equity of 6.79% and a negative net margin of 1.22%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the company earned $0.43 EPS. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. Research analysts expect that Perrigo Company plc will post 2.6 earnings per share for the current fiscal year.
Perrigo Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 19th. Shareholders of record on Friday, September 1st were paid a $0.273 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend was Thursday, August 31st. Perrigo’s payout ratio is -259.52%.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on PRGO shares. JPMorgan Chase & Co. lifted their price objective on Perrigo from $45.00 to $48.00 and gave the company an “overweight” rating in a research report on Wednesday, August 9th. StockNews.com raised Perrigo from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th.
Read Our Latest Report on Perrigo
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.
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