TD Asset Management Inc. lifted its position in shares of Perrigo Company PLC (NYSE:PRGO) by 3.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 282,758 shares of the company’s stock after purchasing an additional 9,944 shares during the period. TD Asset Management Inc. owned about 0.21% of Perrigo worth $13,465,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in the company. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management grew its holdings in shares of Perrigo by 2.6% during the second quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management now owns 2,214,899 shares of the company’s stock worth $105,473,000 after purchasing an additional 56,700 shares during the last quarter. Parnassus Investments CA boosted its holdings in Perrigo by 77.3% in the first quarter. Parnassus Investments CA now owns 1,950,000 shares of the company’s stock valued at $93,912,000 after acquiring an additional 850,000 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Perrigo by 12.4% in the fourth quarter. Geode Capital Management LLC now owns 1,687,709 shares of the company’s stock valued at $65,286,000 after acquiring an additional 186,095 shares during the last quarter. First Trust Advisors LP boosted its holdings in Perrigo by 165.7% in the first quarter. First Trust Advisors LP now owns 704,468 shares of the company’s stock valued at $33,927,000 after acquiring an additional 439,379 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in Perrigo by 146.8% in the first quarter. Parametric Portfolio Associates LLC now owns 439,191 shares of the company’s stock valued at $21,151,000 after acquiring an additional 261,266 shares during the last quarter. Institutional investors own 85.94% of the company’s stock.
In other Perrigo news, Director Theodore R. Samuels II purchased 4,000 shares of the company’s stock in a transaction on Friday, August 9th. The shares were purchased at an average cost of $46.97 per share, with a total value of $187,880.00. Following the completion of the purchase, the director now owns 8,236 shares in the company, valued at $386,844.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 7.70% of the stock is currently owned by insiders.
Perrigo (NYSE:PRGO) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.05. Perrigo had a return on equity of 9.57% and a net margin of 1.87%. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period in the previous year, the firm earned $1.22 earnings per share. The company’s revenue was down 3.2% compared to the same quarter last year. Research analysts forecast that Perrigo Company PLC will post 3.94 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Friday, August 30th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.82%. The ex-dividend date is Thursday, August 29th. Perrigo’s dividend payout ratio (DPR) is presently 18.46%.
Several analysts recently commented on PRGO shares. SunTrust Banks upped their target price on Perrigo to $51.00 and gave the company a “hold” rating in a report on Monday, May 20th. ValuEngine upgraded Perrigo from a “strong sell” rating to a “sell” rating in a report on Thursday, August 1st. Cantor Fitzgerald reduced their target price on Perrigo from $107.00 to $60.00 and set an “overweight” rating on the stock in a report on Wednesday, June 12th. Finally, Wells Fargo & Co reiterated a “hold” rating on shares of Perrigo in a report on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Perrigo presently has a consensus rating of “Hold” and an average price target of $55.14.
Perrigo Company plc, a healthcare company, manufactures and supplies over-the-counter (OTC) healthcare products, infant formulas, branded OTC products, and generic pharmaceutical products. The company operates through Consumer Healthcare Americas, Consumer Healthcare International, and Prescription Pharmaceuticals segments.
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