Allergan PLC. (AGN) Holdings Lifted by Cooke & Bieler LP
Cooke & Bieler LP raised its holdings in Allergan PLC. (NYSE:AGN) by 25.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 405,201 shares of the company’s stock after acquiring an additional 81,070 shares during the period. Allergan PLC. comprises 1.9% of Cooke & Bieler LP’s holdings, making the stock its 18th biggest holding. Cooke & Bieler LP owned approximately 0.12% of Allergan PLC. worth $98,501,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in AGN. Honeywell International Inc. grew its holdings in shares of Allergan PLC. by 13.6% during the second quarter. Honeywell International Inc. now owns 168,130 shares of the company’s stock worth $40,871,000 after purchasing an additional 20,100 shares during the last quarter. Israel Discount Bank of New York bought a new stake in shares of Allergan PLC. during the first quarter worth about $988,000. Trust Co. of Vermont grew its holdings in shares of Allergan PLC. by 62.8% during the first quarter. Trust Co. of Vermont now owns 2,875 shares of the company’s stock worth $687,000 after purchasing an additional 1,109 shares during the last quarter. Palladium Partners LLC grew its holdings in shares of Allergan PLC. by 1.7% during the second quarter. Palladium Partners LLC now owns 31,161 shares of the company’s stock worth $7,575,000 after purchasing an additional 523 shares during the last quarter. Finally, Capital Planning Advisors LLC grew its holdings in shares of Allergan PLC. by 79.3% during the first quarter. Capital Planning Advisors LLC now owns 3,674 shares of the company’s stock worth $878,000 after purchasing an additional 1,625 shares during the last quarter. Hedge funds and other institutional investors own 82.06% of the company’s stock.
Shares of Allergan PLC. (NYSE AGN) opened at 233.55 on Monday. The company’s 50-day moving average price is $235.62 and its 200 day moving average price is $237.29. The company has a market cap of $78.08 billion, a P/E ratio of 7.12 and a beta of 1.18. Allergan PLC. has a one year low of $184.50 and a one year high of $256.80.
Allergan PLC. (NYSE:AGN) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $4.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.95 by $0.07. The business had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $3.95 billion. Allergan PLC. had a return on equity of 7.37% and a net margin of 79.17%. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.35 earnings per share. On average, equities research analysts anticipate that Allergan PLC. will post $16.27 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 18th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Wednesday, August 16th. Allergan PLC.’s payout ratio is 9.95%.
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Several analysts have recently weighed in on the company. UBS AG restated a “buy” rating and set a $275.00 price target on shares of Allergan PLC. in a report on Monday, May 15th. Vetr raised Allergan PLC. from a “sell” rating to a “hold” rating and set a $242.88 price objective on the stock in a research note on Monday, June 26th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $280.00 price objective (up from $270.00) on shares of Allergan PLC. in a research note on Wednesday, August 9th. Royal Bank Of Canada set a $284.00 price objective on Allergan PLC. and gave the stock a “buy” rating in a research note on Sunday, July 16th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $273.00 price objective (up from $265.00) on shares of Allergan PLC. in a research note on Monday, July 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Allergan PLC. currently has an average rating of “Buy” and a consensus price target of $275.49.
Allergan PLC. Profile
Allergan, Inc is a multi-specialty healthcare company. The Company focuses on developing and commercializing pharmaceuticals, biologics, medical devices and over-the-counter (OTC) products. It discovers, develops and commercializes a range of products for the ophthalmic, neurological, medical aesthetics, medical dermatology, breast aesthetics, urological and other specialty markets.
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