Aviva PLC Acquires 6,722 Shares of Allergan PLC. (AGN)
Aviva PLC raised its holdings in Allergan PLC. (NYSE:AGN) by 2.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 287,455 shares of the company’s stock after purchasing an additional 6,722 shares during the period. Aviva PLC owned 0.09% of Allergan PLC. worth $69,892,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of AGN. Veritas Asset Management LLP purchased a new position in shares of Allergan PLC. in the first quarter worth about $761,339,000. Iridian Asset Management LLC CT increased its stake in shares of Allergan PLC. by 141.3% in the first quarter. Iridian Asset Management LLC CT now owns 1,283,833 shares of the company’s stock worth $306,733,000 after purchasing an additional 751,848 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Allergan PLC. in the first quarter worth about $124,255,000. Blue Ridge Capital L.L.C. increased its stake in shares of Allergan PLC. by 24.1% in the first quarter. Blue Ridge Capital L.L.C. now owns 1,909,900 shares of the company’s stock worth $456,313,000 after purchasing an additional 370,400 shares in the last quarter. Finally, Harbour Capital Advisors LLC increased its stake in shares of Allergan PLC. by 21,412.3% in the second quarter. Harbour Capital Advisors LLC now owns 345,917 shares of the company’s stock worth $1,423,000 after purchasing an additional 344,309 shares in the last quarter. Hedge funds and other institutional investors own 82.06% of the company’s stock.
Several research firms have recently weighed in on AGN. Vetr upgraded shares of Allergan PLC. from a “sell” rating to a “hold” rating and set a $242.88 target price for the company in a research note on Monday, June 26th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $280.00 price objective (up previously from $270.00) on shares of Allergan PLC. in a research note on Wednesday, August 9th. UBS AG reaffirmed an “outperform” rating and set a $275.00 price objective on shares of Allergan PLC. in a research note on Wednesday, August 9th. Royal Bank Of Canada set a $284.00 price objective on shares of Allergan PLC. and gave the company a “buy” rating in a research note on Sunday, July 16th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $273.00 price objective (up previously from $265.00) on shares of Allergan PLC. in a research note on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the stock. Allergan PLC. has a consensus rating of “Buy” and a consensus target price of $274.69.
Shares of Allergan PLC. (NYSE:AGN) opened at 226.47 on Thursday. The stock has a 50 day moving average of $234.45 and a 200-day moving average of $236.94. Allergan PLC. has a one year low of $184.50 and a one year high of $256.80. The company has a market capitalization of $75.71 billion, a price-to-earnings ratio of 6.90 and a beta of 1.18.
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 analysts’ consensus estimates of $3.95 by $0.07. Allergan PLC. had a net margin of 79.17% and a return on equity of 7.37%. The business had revenue of $4.01 billion during the quarter, compared to analyst estimates of $3.95 billion. During the same period last year, the firm posted $3.35 EPS. The company’s revenue was up 8.8% on a year-over-year basis. On average, equities analysts expect that Allergan PLC. will post $16.25 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 issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Wednesday, August 16th. Allergan PLC.’s dividend payout ratio (DPR) is currently 9.95%.
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Allergan PLC. Company 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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