Allergan PLC. (AGN) Holdings Cut by Bellwether Investment Group LLC
Bellwether Investment Group LLC reduced its position in shares of Allergan PLC. (NYSE:AGN) by 0.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,379 shares of the company’s stock after selling 3 shares during the quarter. Allergan PLC. comprises 2.7% of Bellwether Investment Group LLC’s portfolio, making the stock its 7th largest holding. Bellwether Investment Group LLC’s holdings in Allergan PLC. were worth $578,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of AGN. Waldron LP bought a new position in Allergan PLC. during the 1st quarter valued at $348,000. Adell Harriman & Carpenter Inc. boosted its stake in shares of Allergan PLC. by 52.9% during the 1st quarter. Adell Harriman & Carpenter Inc. now owns 23,310 shares of the company’s stock worth $5,569,000 after acquiring an additional 8,069 shares in the last quarter. Grimes & Company Inc. boosted its stake in shares of Allergan PLC. by 14.5% during the 1st quarter. Grimes & Company Inc. now owns 14,224 shares of the company’s stock worth $3,399,000 after acquiring an additional 1,799 shares in the last quarter. Pillar Pacific Capital Management LLC boosted its stake in shares of Allergan PLC. by 11.0% during the 1st quarter. Pillar Pacific Capital Management LLC now owns 18,070 shares of the company’s stock worth $4,318,000 after acquiring an additional 1,797 shares in the last quarter. Finally, Chicago Equity Partners LLC boosted its stake in shares of Allergan PLC. by 1,614.8% during the 1st quarter. Chicago Equity Partners LLC now owns 26,150 shares of the company’s stock worth $6,248,000 after acquiring an additional 24,625 shares in the last quarter. 82.02% of the stock is owned by hedge funds and other institutional investors.
Allergan PLC. (AGN) opened at 221.54 on Tuesday. Allergan PLC. has a 1-year low of $184.50 and a 1-year high of $256.80. The stock has a 50 day moving average price of $230.85 and a 200-day moving average price of $236.29. The company has a market capitalization of $74.06 billion, a price-to-earnings ratio of 6.75 and a beta of 1.18.
Allergan PLC. (NYSE:AGN) last issued its earnings results 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 company had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $3.95 billion. Allergan PLC. had a net margin of 79.17% and a return on equity of 7.37%. Allergan PLC.’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.35 EPS. Equities analysts predict that Allergan PLC. will post $16.25 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 18th were issued a $0.70 dividend. The ex-dividend date was Wednesday, August 16th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.26%. Allergan PLC.’s payout ratio is 9.95%.
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Several research firms have recently weighed in on AGN. Vetr raised Allergan PLC. from a “sell” rating to a “hold” rating and set a $242.88 price objective for the company in a research note on Monday, June 26th. BidaskClub lowered Allergan PLC. from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th. 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 Monday, June 12th. Mizuho reissued a “buy” rating and set a $267.00 price objective on shares of Allergan PLC. in a research note on Wednesday, August 2nd. Finally, Argus reissued a “buy” rating and set a $280.00 price objective on shares of Allergan PLC. in a research note on Monday, August 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $274.69.
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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