Principal Financial Group Inc. boosted its position in shares of Perrigo Company plc (NYSE:PRGO – Free Report) by 0.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 551,649 shares of the company’s stock after buying an additional 3,811 shares during the period. Principal Financial Group Inc. owned 0.41% of Perrigo worth $19,788,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PRGO. Raymond James & Associates boosted its stake in Perrigo by 23.6% during the 1st quarter. Raymond James & Associates now owns 53,302 shares of the company’s stock worth $2,048,000 after purchasing an additional 10,189 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Perrigo by 222.6% during the first quarter. PNC Financial Services Group Inc. now owns 8,039 shares of the company’s stock worth $308,000 after buying an additional 5,547 shares during the period. Natixis Advisors L.P. grew its holdings in shares of Perrigo by 135.4% during the first quarter. Natixis Advisors L.P. now owns 24,726 shares of the company’s stock worth $950,000 after buying an additional 14,222 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Perrigo by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 49,027 shares of the company’s stock valued at $1,884,000 after acquiring an additional 4,675 shares during the period. Finally, BlackRock Inc. increased its position in Perrigo by 4.8% in the 1st quarter. BlackRock Inc. now owns 12,112,154 shares of the company’s stock valued at $465,469,000 after acquiring an additional 554,915 shares during the period. Hedge funds and other institutional investors own 95.06% of the company’s stock.
Perrigo Stock Down 1.0 %
Perrigo stock opened at $37.51 on Friday. The stock’s 50 day moving average price is $35.51 and its 200 day moving average price is $35.40. The company has a market cap of $5.08 billion, a PE ratio of -89.31 and a beta of 0.80. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.62 and a quick ratio of 1.52. Perrigo Company plc has a 1-year low of $30.78 and a 1-year high of $41.44.
Perrigo (NYSE:PRGO – Get Free Report) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $0.63 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the previous year, the firm posted $0.43 earnings per share. Perrigo’s revenue was up 6.4% on a year-over-year basis. On average, sell-side analysts predict that Perrigo Company plc will post 2.6 EPS for the current fiscal year.
Perrigo Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.273 per share. The ex-dividend date is Thursday, August 31st. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.91%. Perrigo’s dividend payout ratio (DPR) is -259.52%.
Analyst Ratings Changes
Several brokerages have weighed in on PRGO. StockNews.com upgraded Perrigo from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th. JPMorgan Chase & Co. lifted their price objective on shares of Perrigo from $45.00 to $48.00 and gave the company an “overweight” rating in a research report on Wednesday, August 9th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $48.00.
Read Our Latest Stock Report on PRGO
Insider Buying and Selling
In related news, Director Geoffrey M. Parker purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, June 13th. The stock was bought at an average cost of $33.06 per share, with a total value of $330,600.00. Following the completion of the acquisition, the director now directly owns 25,879 shares in the company, valued at approximately $855,559.74. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.70% of the company’s stock.
Perrigo 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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