Icon Advisers Inc. Co. Sells 12,000 Shares of Perrigo Company plc (NYSE:PRGO)

Icon Advisers Inc. Co. trimmed its holdings in shares of Perrigo Company plc (NYSE:PRGO - Free Report) by 13.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 75,000 shares of the company's stock after selling 12,000 shares during the quarter. Icon Advisers Inc. Co. owned 0.05% of Perrigo worth $1,928,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Headlands Technologies LLC boosted its position in shares of Perrigo by 1,942.0% during the fourth quarter. Headlands Technologies LLC now owns 1,409 shares of the company's stock worth $36,000 after buying an additional 1,340 shares during the period. Versant Capital Management Inc bought a new stake in shares of Perrigo in the fourth quarter worth $45,000. GAMMA Investing LLC lifted its position in shares of Perrigo by 93.7% in the fourth quarter. GAMMA Investing LLC now owns 1,920 shares of the company's stock worth $49,000 after purchasing an additional 929 shares in the last quarter. Central Pacific Bank Trust Division grew its position in Perrigo by 33.3% in the fourth quarter. Central Pacific Bank Trust Division now owns 2,000 shares of the company's stock valued at $51,000 after purchasing an additional 500 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its stake in Perrigo by 97.8% in the 4th quarter. Venturi Wealth Management LLC now owns 4,215 shares of the company's stock valued at $108,000 after buying an additional 2,084 shares during the last quarter. Institutional investors own 95.91% of the company's stock.

Insider Buying and Selling at Perrigo

In other Perrigo news, EVP Ronald Craig Janish sold 7,800 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $27.44, for a total transaction of $214,032.00. Following the transaction, the executive vice president now owns 33,666 shares in the company, valued at $923,795.04. This trade represents a 18.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.70% of the company's stock.

Perrigo Stock Performance

NYSE:PRGO traded up $0.21 during mid-day trading on Friday, hitting $25.35. The stock had a trading volume of 848,405 shares, compared to its average volume of 1,525,151. Perrigo Company plc has a twelve month low of $23.14 and a twelve month high of $33.46. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.77 and a current ratio of 2.56. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of -21.66 and a beta of 0.49. The company's 50 day simple moving average is $26.49 and its 200 day simple moving average is $26.04.

Perrigo (NYSE:PRGO - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.92 by $0.01. Perrigo had a positive return on equity of 7.38% and a negative net margin of 3.64%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.20 billion. On average, equities research analysts forecast that Perrigo Company plc will post 2.56 earnings per share for the current year.

Perrigo Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date was Friday, March 7th. This is a boost from Perrigo's previous quarterly dividend of $0.28. Perrigo's payout ratio is currently -92.80%.

Analysts Set New Price Targets

PRGO has been the subject of several analyst reports. StockNews.com cut Perrigo from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Argus downgraded Perrigo from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Finally, Piper Sandler cut Perrigo from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $34.00 to $27.00 in a research note on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $33.00.

Perrigo Profile

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.