Perpetual Ltd bought a new position in shares of Perrigo Company plc (NYSE:PRGO – Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,230,725 shares of the company’s stock, valued at approximately $80,016,000. Perpetual Ltd owned 1.65% of Perrigo as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the stock. Truist Financial Corp boosted its position in Perrigo by 7.1% during the first quarter. Truist Financial Corp now owns 224,660 shares of the company’s stock worth $8,059,000 after purchasing an additional 14,903 shares during the period. Wilbanks Smith & Thomas Asset Management LLC acquired a new position in shares of Perrigo during the first quarter worth approximately $1,893,000. Pitcairn Co. lifted its holdings in shares of Perrigo by 8.6% during the first quarter. Pitcairn Co. now owns 27,712 shares of the company’s stock worth $994,000 after buying an additional 2,187 shares during the last quarter. Treasurer of the State of North Carolina lifted its holdings in shares of Perrigo by 0.7% during the first quarter. Treasurer of the State of North Carolina now owns 58,710 shares of the company’s stock worth $2,106,000 after buying an additional 420 shares during the last quarter. Finally, American Assets Investment Management LLC lifted its holdings in shares of Perrigo by 100.0% during the first quarter. American Assets Investment Management LLC now owns 100,000 shares of the company’s stock worth $3,587,000 after buying an additional 50,000 shares during the last quarter. Institutional investors own 95.06% of the company’s stock.
Perrigo Stock Performance
Shares of NYSE PRGO traded up $0.12 during trading hours on Friday, reaching $36.47. The stock had a trading volume of 874,925 shares, compared to its average volume of 1,089,490. The business’s fifty day moving average is $33.94 and its two-hundred day moving average is $35.26. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.52 and a quick ratio of 1.43. The company has a market cap of $4.94 billion, a price-to-earnings ratio of -37.86 and a beta of 0.80. Perrigo Company plc has a twelve month low of $30.78 and a twelve month high of $43.90.
Perrigo (NYSE:PRGO – Get Free Report) last issued its earnings results on Tuesday, May 9th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. Perrigo had a positive return on equity of 6.21% and a negative net margin of 2.85%. Perrigo’s revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.33 earnings per share. As a group, research analysts expect that Perrigo Company plc will post 2.56 EPS for the current year.
Perrigo Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Friday, September 1st will be given a $0.273 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Thursday, August 31st. Perrigo’s dividend payout ratio (DPR) is -113.54%.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered Perrigo from a “buy” rating to a “hold” rating in a report on Friday, July 28th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Perrigo currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.00.
Insider Buying and Selling at Perrigo
In related news, Director Geoffrey M. Parker purchased 10,000 shares of the stock in a transaction on Tuesday, June 13th. The shares were purchased at an average cost 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 can be accessed through this hyperlink. In other Perrigo news, Director Geoffrey M. Parker bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The shares were bought at an average price of $33.06 per share, for a total transaction of $330,600.00. Following the completion of the acquisition, the director now owns 25,879 shares of the company’s stock, valued at $855,559.74. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Svend Andersen bought 2,900 shares of the firm’s stock in a transaction dated Tuesday, May 23rd. The shares were acquired at an average price of $33.41 per share, for a total transaction of $96,889.00. Following the acquisition, the executive vice president now directly owns 68,741 shares of the company’s stock, valued at approximately $2,296,636.81. The disclosure for this purchase can be found here. Company insiders own 0.70% of the company’s stock.
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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