iSAM Funds UK Ltd bought a new stake in shares of Perrigo Company plc (NYSE:PRGO - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 9,421 shares of the company's stock, valued at approximately $242,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Pacer Advisors Inc. boosted its holdings in Perrigo by 2.1% during the fourth quarter. Pacer Advisors Inc. now owns 20,337 shares of the company's stock worth $523,000 after buying an additional 427 shares in the last quarter. Cedar Wealth Management LLC raised its holdings in Perrigo by 2.1% in the 4th quarter. Cedar Wealth Management LLC now owns 21,966 shares of the company's stock worth $565,000 after purchasing an additional 450 shares during the period. Amalgamated Bank grew its holdings in Perrigo by 0.8% in the fourth quarter. Amalgamated Bank now owns 64,086 shares of the company's stock valued at $1,648,000 after purchasing an additional 522 shares during the period. Fox Run Management L.L.C. increased its position 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 valued at $293,000 after buying an additional 548 shares in the last quarter. Finally, Snowden Capital Advisors LLC lifted its position in shares of 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. 95.91% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Perrigo
In related news, EVP Ronald Craig Janish sold 7,800 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $27.44, for a total value of $214,032.00. Following the transaction, the executive vice president now directly owns 33,666 shares of the company's stock, valued at $923,795.04. This trade represents a 18.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.70% of the company's stock.
Perrigo Price Performance
NYSE PRGO traded up $0.12 during mid-day trading on Monday, hitting $26.52. The stock had a trading volume of 1,277,471 shares, compared to its average volume of 1,520,112. Perrigo Company plc has a twelve month low of $23.14 and a twelve month high of $30.93. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.56 and a quick ratio of 1.77. The firm's 50 day moving average is $26.19 and its 200 day moving average is $26.18. The stock has a market capitalization of $3.65 billion, a price-to-earnings ratio of -22.67 and a beta of 0.45.
Perrigo (NYSE:PRGO - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.04. The company had revenue of $1.04 billion during 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%. During the same quarter in the prior year, the company earned $0.29 EPS. Perrigo's revenue was down 3.5% compared to the same quarter last year. Equities research analysts forecast that Perrigo Company plc will post 2.56 earnings per share for the current fiscal year.
Perrigo Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Friday, May 30th will be issued a $0.29 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.16 annualized dividend and a yield of 4.37%. Perrigo's dividend payout ratio (DPR) is -88.55%.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded shares of Perrigo from a "hold" rating to a "buy" rating in a research report on Saturday. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $33.00.
Get Our Latest Stock Analysis on Perrigo
About Perrigo
(
Free Report)
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.
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