Toronto Dominion Bank Has $27.65 Million Holdings in Allergan PLC. (AGN)
Toronto Dominion Bank raised its position in shares of Allergan PLC. (NYSE:AGN) by 25.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 113,770 shares of the company’s stock after acquiring an additional 22,873 shares during the period. Toronto Dominion Bank’s holdings in Allergan PLC. were worth $27,651,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently bought and sold shares of the business. Waldron LP bought a new position in shares of Allergan PLC. in the first quarter worth about $348,000. Neville Rodie & Shaw Inc. grew its holdings in shares of Allergan PLC. by 11.0% in the first quarter. Neville Rodie & Shaw Inc. now owns 3,074 shares of the company’s stock worth $734,000 after purchasing an additional 305 shares during the last quarter. Airain ltd bought a new position in shares of Allergan PLC. in the first quarter worth about $241,000. Ingalls & Snyder LLC grew its holdings in shares of Allergan PLC. by 20.6% in the first quarter. Ingalls & Snyder LLC now owns 1,254 shares of the company’s stock worth $300,000 after purchasing an additional 214 shares during the last quarter. Finally, BP PLC grew its holdings in shares of Allergan PLC. by 45.3% in the first quarter. BP PLC now owns 54,500 shares of the company’s stock worth $13,027,000 after purchasing an additional 17,000 shares during the last quarter. Institutional investors and hedge funds own 81.94% of the company’s stock.
Allergan PLC. (AGN) opened at 188.28 on Friday. The firm has a market cap of $62.94 billion, a P/E ratio of 5.74 and a beta of 1.15. Allergan PLC. has a 12-month low of $182.80 and a 12-month high of $256.80. The stock’s 50 day moving average is $211.30 and its 200 day moving average is $230.36.
Allergan PLC. (NYSE:AGN) last posted its earnings results on Thursday, August 3rd. The company reported $4.02 earnings per share for the quarter, topping the consensus estimate of $3.95 by $0.07. The firm 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 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 expect that Allergan PLC. will post $16.21 EPS for the current year.
Allergan PLC. announced that its board has authorized a stock repurchase program on Monday, September 25th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the company to reacquire up to 2.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
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AGN has been the topic of a number of research analyst reports. Vetr raised shares of 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 raised shares of Allergan PLC. from a “hold” rating to a “buy” rating in a research note on Saturday, June 24th. Zacks Investment Research raised shares of Allergan PLC. from a “hold” rating to a “buy” rating and set a $270.00 price objective for the company in a research note on Tuesday, July 11th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $231.00 price objective on shares of Allergan PLC. in a research note on Friday, July 14th. Finally, Royal Bank Of Canada set a $284.00 price objective on shares of Allergan PLC. and gave the stock a “buy” rating in a research note on Sunday, July 16th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company. Allergan PLC. has an average rating of “Hold” and a consensus target price of $252.39.
About Allergan PLC.
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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