Yorktown Management & Research Co Inc bought a new position in shares of Perrigo Company (NYSE:PRGO) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 11,400 shares of the company’s stock, valued at approximately $965,000.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in Perrigo by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 14,874,096 shares of the company’s stock worth $1,123,292,000 after buying an additional 299,328 shares during the period. Franklin Resources Inc. raised its holdings in Perrigo by 117.7% during the 2nd quarter. Franklin Resources Inc. now owns 8,109,742 shares of the company’s stock worth $612,448,000 after buying an additional 4,383,903 shares during the period. State Street Corp raised its holdings in Perrigo by 1.7% during the 2nd quarter. State Street Corp now owns 6,757,086 shares of the company’s stock worth $510,294,000 after buying an additional 112,287 shares during the period. Parnassus Investments CA raised its holdings in Perrigo by 7.1% during the 3rd quarter. Parnassus Investments CA now owns 2,257,000 shares of the company’s stock worth $191,055,000 after buying an additional 150,000 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in Perrigo by 18.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,975,965 shares of the company’s stock worth $149,224,000 after buying an additional 304,950 shares during the period. Hedge funds and other institutional investors own 80.98% of the company’s stock.

Several analysts have commented on the stock. Cantor Fitzgerald set a $107.00 target price on shares of Perrigo and gave the stock a “buy” rating in a report on Wednesday, November 15th. Jefferies Group LLC reaffirmed a “hold” rating and set a $81.00 price target on shares of Perrigo in a research note on Friday, November 10th. Goldman Sachs Group, Inc. (The) raised shares of Perrigo from a “sell” rating to a “neutral” rating and raised their price target for the stock from $66.00 to $79.00 in a research note on Friday, August 11th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Perrigo in a research note on Friday, August 11th. Finally, Royal Bank Of Canada raised their price target on shares of Perrigo from $60.00 to $64.00 and gave the stock an “underperform” rating in a research note on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $91.50.

In other Perrigo news, EVP Sharon Kochan sold 318 shares of Perrigo stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $81.36, for a total value of $25,872.48. Following the transaction, the executive vice president now owns 10,231 shares in the company, valued at $832,394.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 value of $321,716.55. Following the completion of the transaction, the executive vice president now owns 10,118 shares in the company, valued at approximately $905,459.82. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,242 shares of company stock valued at $532,091. 6.90% of the stock is owned by insiders.

Perrigo Company (NYSE PRGO) traded down $0.69 on Tuesday, hitting $85.20. The stock had a trading volume of 968,500 shares, compared to its average volume of 1,737,415. Perrigo Company has a 12 month low of $63.68 and a 12 month high of $91.73. The company has a quick ratio of 1.24, a current ratio of 1.72 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $12,100.00, a P/E ratio of 17.53, a P/E/G ratio of 1.83 and a beta of 0.59.

Perrigo (NYSE:PRGO) last posted its earnings results on Thursday, November 9th. The company reported $1.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.28. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.17 billion. Perrigo had a positive return on equity of 11.60% and a negative net margin of 26.28%. The company’s revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.65 earnings per share. sell-side analysts expect that Perrigo Company will post 4.88 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Investors of record on Friday, December 1st will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Thursday, November 30th. Perrigo’s dividend payout ratio (DPR) is presently -6.99%.

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About Perrigo

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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Institutional Ownership by Quarter for Perrigo (NYSE:PRGO)

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