Guggenheim Capital LLC cut its position in shares of Perrigo Company plc (NYSE:PRGO) by 8.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 552,322 shares of the company’s stock after selling 52,431 shares during the quarter. Guggenheim Capital LLC owned about 0.39% of Perrigo worth $48,137,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently made changes to their positions in the company. Sei Investments Co. raised its stake in Perrigo by 7.5% during the third quarter. Sei Investments Co. now owns 131,284 shares of the company’s stock valued at $11,114,000 after buying an additional 9,192 shares during the last quarter. Cetera Advisors LLC purchased a new position in Perrigo during the third quarter valued at $398,000. Highbridge Capital Management LLC purchased a new position in Perrigo during the third quarter valued at $442,000. State of Alaska Department of Revenue raised its stake in shares of Perrigo by 56.6% in the fourth quarter. State of Alaska Department of Revenue now owns 22,063 shares of the company’s stock worth $1,922,000 after purchasing an additional 7,970 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of Perrigo by 38.0% in the third quarter. Russell Investments Group Ltd. now owns 18,889 shares of the company’s stock worth $1,599,000 after purchasing an additional 5,203 shares during the last quarter. Institutional investors and hedge funds own 79.01% of the company’s stock.
In other Perrigo news, VP Todd W. Kingma sold 1,500 shares of the business’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $88.52, for a total transaction of $132,780.00. Following the completion of the sale, the vice president now owns 19,565 shares of the company’s stock, valued at $1,731,893.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Uwe Roehrhoff purchased 7,500 shares of the business’s stock in a transaction on Monday, March 5th. The shares were bought at an average cost of $81.85 per share, with a total value of $613,875.00. Following the acquisition, the chief executive officer now directly owns 4,900 shares of the company’s stock, valued at approximately $401,065. The disclosure for this purchase can be found here. 6.90% of the stock is currently owned by corporate insiders.
Shares of Perrigo Company plc (NYSE:PRGO) opened at $84.23 on Friday. The company has a market capitalization of $11,893.40, a price-to-earnings ratio of 17.09, a P/E/G ratio of 1.95 and a beta of 0.82. The company has a current ratio of 1.96, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. Perrigo Company plc has a 1 year low of $63.68 and a 1 year high of $95.93.
Perrigo (NYSE:PRGO) last posted its quarterly earnings data on Thursday, March 1st. The company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.03. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Perrigo had a return on equity of 11.54% and a net margin of 2.42%. Perrigo’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.24 earnings per share. equities analysts forecast that Perrigo Company plc will post 5.25 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Friday, March 2nd will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Thursday, March 1st. This is a boost from Perrigo’s previous quarterly dividend of $0.16. Perrigo’s dividend payout ratio is 90.48%.
Several research analysts have recently weighed in on the company. Leerink Swann assumed coverage on Perrigo in a research note on Tuesday, January 2nd. They issued a “market perform” rating and a $90.00 price target for the company. Cantor Fitzgerald set a $107.00 price target on Perrigo and gave the stock a “buy” rating in a research note on Friday, February 9th. Canaccord Genuity set a $105.00 price target on Perrigo and gave the stock a “buy” rating in a research note on Monday, March 5th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $83.00 price target (up previously from $82.00) on shares of Perrigo in a research note on Monday, March 5th. Finally, Argus upgraded Perrigo from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research note on Friday, December 8th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $91.88.
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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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