BNP Paribas Arbitrage SA increased its holdings in Perrigo Company (NYSE:PRGO) by 34.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,594 shares of the company’s stock after purchasing an additional 27,026 shares during the period. BNP Paribas Arbitrage SA owned 0.07% of Perrigo worth $9,023,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. BB&T Securities LLC grew its position in shares of Perrigo by 0.4% in the second quarter. BB&T Securities LLC now owns 9,062 shares of the company’s stock valued at $684,000 after purchasing an additional 35 shares during the period. Shufro Rose & Co. LLC grew its position in shares of Perrigo by 1.2% in the second quarter. Shufro Rose & Co. LLC now owns 5,415 shares of the company’s stock valued at $409,000 after purchasing an additional 65 shares during the period. Louisiana State Employees Retirement System grew its position in shares of Perrigo by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 8,900 shares of the company’s stock valued at $672,000 after purchasing an additional 100 shares during the period. Arizona State Retirement System grew its position in shares of Perrigo by 0.3% in the second quarter. Arizona State Retirement System now owns 35,600 shares of the company’s stock valued at $2,689,000 after purchasing an additional 100 shares during the period. Finally, State of Tennessee Treasury Department grew its position in shares of Perrigo by 0.3% in the second quarter. State of Tennessee Treasury Department now owns 39,214 shares of the company’s stock valued at $2,961,000 after purchasing an additional 103 shares during the period. 82.47% of the stock is owned by institutional investors and hedge funds.
In related news, EVP Thomas Farrington sold 865 shares of the business’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $78.40, for a total value of $67,816.00. Following the transaction, the executive vice president now owns 2,870 shares in the company, valued at $225,008. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Jeffrey Needham sold 3,595 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $89.49, for a total value of $321,716.55. Following the completion of the transaction, the executive vice president now owns 10,118 shares in the company, valued at approximately $905,459.82. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,894 shares of company stock worth $581,320. Insiders own 6.90% of the company’s stock.
A number of equities research analysts have issued reports on PRGO shares. Royal Bank Of Canada reissued a “sell” rating and set a $64.00 price target on shares of Perrigo in a research report on Wednesday, September 13th. Wells Fargo & Company reissued a “market perform” rating and set a $77.00 price target on shares of Perrigo in a research report on Tuesday, August 15th. Stifel Nicolaus reissued a “hold” rating on shares of Perrigo in a research report on Friday, August 11th. Deutsche Bank AG boosted their price target on Perrigo from $88.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, September 14th. Finally, Oppenheimer Holdings, Inc. started coverage on Perrigo in a research report on Monday, October 2nd. They set a “buy” rating and a $88.00 price target for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $91.50.
Perrigo Company (NYSE:PRGO) opened at $85.80 on Thursday. The company has a market capitalization of $12,112.30, a PE ratio of 17.55, a price-to-earnings-growth ratio of 1.85 and a beta of 0.69. Perrigo Company has a one year low of $63.68 and a one year high of $91.73. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.24 and a current ratio of 1.72.
Perrigo (NYSE:PRGO) last issued its quarterly earnings data on Thursday, November 9th. The company reported $1.39 EPS for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.28. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Perrigo had a positive return on equity of 11.60% and a negative net margin of 26.28%. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.65 earnings per share. sell-side analysts expect that Perrigo Company will post 4.89 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Investors of record on Friday, December 1st will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, November 30th. Perrigo’s dividend payout ratio (DPR) is -6.99%.
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Perrigo Company Profile
Perrigo Company plc is a global healthcare supplier that develops, manufactures and distributes over-the-counter (OTC) and generic prescription (Rx) pharmaceuticals, infant formulas, nutritional products, animal health, dietary supplements, active pharmaceutical ingredients (API), and medical diagnostic products, and Multiple Sclerosis drug Tysabri.
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