13,849 Shares in Perrigo Company (PRGO) Acquired by HighVista Strategies LLC
HighVista Strategies LLC acquired a new position in shares of Perrigo Company (NYSE:PRGO) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 13,849 shares of the company’s stock, valued at approximately $1,046,000.
Several other large investors also recently modified their holdings of PRGO. Allen Investment Management LLC raised its position in Perrigo by 7.1% in the 2nd quarter. Allen Investment Management LLC now owns 7,143 shares of the company’s stock valued at $539,000 after purchasing an additional 473 shares during the last quarter. Credit Suisse AG raised its position in Perrigo by 13.8% in the 1st quarter. Credit Suisse AG now owns 241,688 shares of the company’s stock valued at $16,046,000 after purchasing an additional 29,375 shares during the last quarter. Amalgamated Bank raised its position in Perrigo by 6.0% in the 1st quarter. Amalgamated Bank now owns 9,759 shares of the company’s stock valued at $648,000 after purchasing an additional 555 shares during the last quarter. Monetta Financial Services Inc. purchased a new stake in Perrigo in the 2nd quarter valued at $755,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Perrigo by 32.5% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 54,530 shares of the company’s stock valued at $4,118,000 after purchasing an additional 13,382 shares during the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.
Several analysts recently commented on the stock. BidaskClub upgraded shares of Perrigo from a “sell” rating to a “hold” rating in a research report on Saturday, September 16th. Royal Bank Of Canada set a $60.00 price target on shares of Perrigo and gave the company a “sell” rating in a research report on Sunday, July 16th. Jefferies Group LLC reiterated a “hold” rating and issued a $71.00 price target (up previously from $69.00) on shares of Perrigo in a research report on Friday, August 11th. Wells Fargo & Company reiterated a “market perform” rating and issued a $77.00 price target on shares of Perrigo in a research report on Tuesday, August 15th. Finally, Oppenheimer Holdings, Inc. assumed coverage on shares of Perrigo in a research report on Thursday, September 7th. They issued an “outperform” rating and a $88.00 price target for the company. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $89.36.
Perrigo Company (NYSE PRGO) traded down 1.33% during trading on Thursday, hitting $84.01. 334,390 shares of the stock were exchanged. The stock’s 50 day moving average is $78.26 and its 200-day moving average is $73.38. The company’s market cap is $11.98 billion. Perrigo Company has a one year low of $63.68 and a one year high of $99.14.
Perrigo (NYSE:PRGO) last posted its earnings results on Thursday, August 10th. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.28. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Perrigo had a positive return on equity of 11.55% and a negative net margin of 51.04%. The firm’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period last year, the business posted $1.93 earnings per share. On average, equities research analysts expect that Perrigo Company will post $4.58 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Friday, August 25th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Wednesday, August 23rd. Perrigo’s dividend payout ratio is currently -3.51%.
In related news, EVP Sharon Kochan sold 318 shares of Perrigo stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $81.36, for a total transaction of $25,872.48. Following the sale, the executive vice president now directly owns 10,231 shares in the company, valued at $832,394.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Jeffrey Needham sold 3,595 shares of Perrigo stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $89.49, for a total transaction of $321,716.55. Following the sale, the executive vice president now owns 10,118 shares in the company, valued at $905,459.82. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,894 shares of company stock worth $581,320. Company insiders own 6.90% of the company’s stock.
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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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