Thomas Farrington Sells 213 Shares of Perrigo Company (NYSE:PRGO) Stock

Perrigo Company (NYSE:PRGO) EVP Thomas Farrington sold 213 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $87.26, for a total value of $18,586.38. Following the sale, the executive vice president now owns 3,347 shares in the company, valued at $292,059.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Thomas Farrington also recently made the following trade(s):

  • On Wednesday, August 30th, Thomas Farrington sold 616 shares of Perrigo stock. The stock was sold at an average price of $76.90, for a total value of $47,370.40.

Perrigo Company (NYSE PRGO) traded down $1.20 during midday trading on Wednesday, hitting $82.38. The company’s stock had a trading volume of 999,677 shares, compared to its average volume of 1,693,401. The stock has a market cap of $12,154.55, a price-to-earnings ratio of 17.61, a P/E/G ratio of 1.84 and a beta of 0.70. Perrigo Company has a twelve month low of $63.68 and a twelve month high of $91.73. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.72 and a quick ratio of 1.24.

Perrigo (NYSE:PRGO) last released its quarterly earnings data on Thursday, November 9th. The company reported $1.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.28. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.17 billion. Perrigo had a positive return on equity of 11.60% and a negative net margin of 26.28%. The company’s revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the business posted $1.65 EPS. sell-side analysts expect that Perrigo Company will post 4.88 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.78%. Perrigo’s payout ratio is currently -6.99%.

Institutional investors have recently made changes to their positions in the stock. Korea Investment CORP increased its stake in shares of Perrigo by 142.0% in the 2nd quarter. Korea Investment CORP now owns 1,331 shares of the company’s stock valued at $101,000 after purchasing an additional 781 shares in the last quarter. Commonwealth Bank of Australia boosted its holdings in Perrigo by 13.8% in the 2nd quarter. Commonwealth Bank of Australia now owns 1,455 shares of the company’s stock worth $108,000 after buying an additional 176 shares during the last quarter. Bessemer Group Inc. boosted its holdings in Perrigo by 1,046.2% in the 2nd quarter. Bessemer Group Inc. now owns 2,235 shares of the company’s stock worth $169,000 after buying an additional 2,040 shares during the last quarter. Allianz Asset Management GmbH acquired a new stake in Perrigo in the 3rd quarter worth about $217,000. Finally, Conning Inc. acquired a new stake in Perrigo in the 3rd quarter worth about $219,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

PRGO has been the topic of several recent research reports. Royal Bank Of Canada raised Perrigo from an “underperform” rating to a “sector perform” rating and increased their target price for the company from $64.00 to $86.00 in a research report on Friday, November 10th. UBS reissued a “buy” rating and issued a $98.00 price objective (up previously from $84.00) on shares of Perrigo in a research report on Thursday, October 5th. Jefferies Group set a $71.00 price objective on Perrigo and gave the stock a “hold” rating in a research report on Sunday, October 29th. Cantor Fitzgerald set a $107.00 price objective on Perrigo and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Finally, CIBC assumed coverage on Perrigo in a research report on Thursday, September 7th. They issued an “outperform” rating and a $88.00 price objective for the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. Perrigo currently has a consensus rating of “Hold” and an average price target of $92.07.

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About Perrigo

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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