Perrigo Company (NYSE:PRGO) EVP John Wesolowski purchased 700 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were acquired at an average price of $85.80 per share, for a total transaction of $60,060.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
John Wesolowski also recently made the following trade(s):
- On Thursday, December 7th, John Wesolowski sold 450 shares of Perrigo stock. The shares were sold at an average price of $83.09, for a total value of $37,390.50.
- On Wednesday, November 29th, John Wesolowski sold 388 shares of Perrigo stock. The shares were sold at an average price of $87.20, for a total value of $33,833.60.
Shares of Perrigo Company (NYSE:PRGO) opened at $90.08 on Thursday. The company has a market capitalization of $12,790.00, a price-to-earnings ratio of -9.83, a P/E/G ratio of 1.92 and a beta of 0.64. Perrigo Company has a 12 month low of $63.68 and a 12 month high of $92.04. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.24 and a current ratio of 1.72.
Perrigo (NYSE:PRGO) last issued its quarterly earnings data on Thursday, November 9th. The company reported $1.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.28. The business had revenue of $1.22 billion for 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 firm’s revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.65 EPS. analysts expect that Perrigo Company will post 4.88 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 19th. Investors of record on Friday, December 1st were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend was Thursday, November 30th. Perrigo’s payout ratio is presently -6.99%.
A number of institutional investors have recently modified their holdings of PRGO. Russell Investments Group Ltd. raised its stake in shares of Perrigo by 5.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 13,686 shares of the company’s stock valued at $1,034,000 after purchasing an additional 736 shares during the period. Bessemer Group Inc. raised its stake in shares of Perrigo by 1,046.2% in the 2nd quarter. Bessemer Group Inc. now owns 2,235 shares of the company’s stock valued at $169,000 after purchasing an additional 2,040 shares during the period. Global X Management Co. LLC raised its stake in shares of Perrigo by 37.9% in the 2nd quarter. Global X Management Co. LLC now owns 3,269 shares of the company’s stock valued at $247,000 after purchasing an additional 899 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Perrigo by 4.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 429,676 shares of the company’s stock valued at $32,450,000 after purchasing an additional 18,095 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Perrigo by 32.5% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 54,530 shares of the company’s stock valued at $4,118,000 after purchasing an additional 13,382 shares during the period. 83.29% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have commented on PRGO. Cantor Fitzgerald set a $107.00 price objective on Perrigo and gave the company a “buy” rating in a research report on Friday, January 5th. Leerink Swann began coverage on Perrigo in a research report on Tuesday, January 2nd. They issued a “market perform” rating and a $90.00 price objective on the stock. Deutsche Bank increased their price objective on Perrigo from $88.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, September 14th. Royal Bank of Canada reiterated a “sell” rating and issued a $64.00 price objective on shares of Perrigo in a research report on Wednesday, September 13th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $100.00 price objective (up from $88.00) on shares of Perrigo in a research report on Wednesday, September 13th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $92.00.
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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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