California State Teachers Retirement System Purchases 14,893 Shares of Perrigo Company plc (NYSE:PRGO)

California State Teachers Retirement System boosted its holdings in shares of Perrigo Company plc (NYSE:PRGO - Free Report) by 11.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 145,760 shares of the company's stock after purchasing an additional 14,893 shares during the quarter. California State Teachers Retirement System owned about 0.11% of Perrigo worth $3,747,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Pacer Advisors Inc. lifted its stake in shares of Perrigo by 2.1% in the 4th quarter. Pacer Advisors Inc. now owns 20,337 shares of the company's stock valued at $523,000 after purchasing an additional 427 shares during the last quarter. Cedar Wealth Management LLC boosted its holdings in Perrigo by 2.1% during the 4th quarter. Cedar Wealth Management LLC now owns 21,966 shares of the company's stock valued at $565,000 after acquiring an additional 450 shares during the period. Amalgamated Bank lifted its position in shares of Perrigo by 0.8% during the fourth quarter. Amalgamated Bank now owns 64,086 shares of the company's stock worth $1,648,000 after purchasing an additional 522 shares during the last quarter. Fox Run Management L.L.C. grew its holdings in shares of Perrigo by 5.1% in the fourth quarter. Fox Run Management L.L.C. now owns 11,381 shares of the company's stock worth $293,000 after purchasing an additional 548 shares during the last quarter. Finally, Snowden Capital Advisors LLC lifted its holdings in Perrigo by 3.6% during the 4th quarter. Snowden Capital Advisors LLC now owns 24,337 shares of the company's stock valued at $626,000 after buying an additional 842 shares in the last quarter. Institutional investors own 95.91% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Perrigo from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $33.00.

Perrigo Stock Up 0.3%

Shares of Perrigo stock traded up $0.07 during trading on Friday, hitting $26.04. 287,711 shares of the stock traded hands, compared to its average volume of 1,491,358. The company has a current ratio of 2.56, a quick ratio of 1.77 and a debt-to-equity ratio of 0.94. The stock's fifty day simple moving average is $25.99 and its 200 day simple moving average is $26.19. The firm has a market cap of $3.58 billion, a P/E ratio of -22.25 and a beta of 0.45. Perrigo Company plc has a 52-week low of $23.14 and a 52-week high of $30.93.

Perrigo (NYSE:PRGO - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.04. The company had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.09 billion. Perrigo had a negative net margin of 3.64% and a positive return on equity of 7.38%. The firm's quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.29 EPS. On average, equities analysts predict that Perrigo Company plc will post 2.56 earnings per share for the current fiscal year.

Perrigo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Friday, May 30th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 4.45%. The ex-dividend date is Friday, May 30th. Perrigo's payout ratio is -88.55%.

Insider Activity at Perrigo

In related news, EVP Ronald Craig Janish sold 7,800 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $27.44, for a total transaction of $214,032.00. Following the sale, the executive vice president now owns 33,666 shares of the company's stock, valued at $923,795.04. This trade represents a 18.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.70% of the stock is currently owned by corporate insiders.

About Perrigo

Perrigo Company plc provides over-the-counter health and wellness solutions to enhance individual well-being in the United States, Europe, and internationally. It operates through Consumer Self-Care Americas and Consumer Self-Care International segments. The company develops, manufactures, markets, and distributes self-care consumer products, such as upper respiratory products, including cough suppressants, expectorants, and sinus and allergy relief; nutrition products consisting of infant formulas and nutritional beverages; digestive health products, including antacids, anti-diarrheal, and anti-heartburn; pain and sleep-aids products comprising pain relievers and fever reducers; and oral care products, which include toothbrushes, toothbrush replacement heads, floss, flossers, whitening products, and toothbrush covers.