Swiss National Bank Has $12.78 Million Stock Holdings in Perrigo Company plc (NYSE:PRGO)

Swiss National Bank lowered its position in shares of Perrigo Company plc (NYSE:PRGOGet Rating) by 0.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 315,100 shares of the company’s stock after selling 1,200 shares during the quarter. Swiss National Bank owned about 0.23% of Perrigo worth $12,784,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Comerica Bank raised its position in shares of Perrigo by 1.7% in the first quarter. Comerica Bank now owns 62,887 shares of the company’s stock valued at $2,233,000 after buying an additional 1,054 shares in the last quarter. Atria Investments LLC increased its stake in Perrigo by 33.8% during the 1st quarter. Atria Investments LLC now owns 43,151 shares of the company’s stock worth $1,658,000 after acquiring an additional 10,890 shares during the period. Factorial Partners LLC raised its holdings in Perrigo by 62.2% in the 1st quarter. Factorial Partners LLC now owns 44,600 shares of the company’s stock valued at $1,714,000 after acquiring an additional 17,100 shares in the last quarter. Versor Investments LP bought a new stake in shares of Perrigo during the 1st quarter valued at $454,000. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Perrigo by 60.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 336,739 shares of the company’s stock worth $12,941,000 after purchasing an additional 126,810 shares in the last quarter. Institutional investors own 96.41% of the company’s stock.

Analysts Set New Price Targets

PRGO has been the subject of several recent analyst reports. Raymond James cut their price objective on shares of Perrigo from $48.00 to $42.00 and set an “outperform” rating for the company in a research report on Wednesday, November 9th. Argus raised shares of Perrigo from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a report on Wednesday, September 14th. Wells Fargo & Company raised shares of Perrigo from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $48.00 to $54.00 in a research note on Tuesday, September 6th. Finally, StockNews.com began coverage on Perrigo in a research note on Wednesday, October 12th. They set a “hold” rating for the company.

Perrigo Stock Down 0.9 %

Shares of NYSE PRGO opened at $31.86 on Friday. The company has a market cap of $4.29 billion, a price-to-earnings ratio of -50.57 and a beta of 0.92. The company has a current ratio of 2.55, a quick ratio of 1.48 and a debt-to-equity ratio of 0.89. Perrigo Company plc has a 12 month low of $31.32 and a 12 month high of $43.90. The stock has a 50-day moving average price of $37.88 and a two-hundred day moving average price of $38.94.

Perrigo (NYSE:PRGOGet Rating) last released its quarterly earnings data on Tuesday, November 8th. The company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.12). The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.14 billion. Perrigo had a positive return on equity of 5.31% and a negative net margin of 1.93%. Perrigo’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.45 earnings per share. As a group, analysts forecast that Perrigo Company plc will post 2.02 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, December 20th. Shareholders of record on Friday, December 2nd will be issued a $0.26 dividend. The ex-dividend date is Thursday, December 1st. This represents a $1.04 dividend on an annualized basis and a yield of 3.26%. Perrigo’s payout ratio is presently -165.08%.

Perrigo Company Profile

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Perrigo Company plc provides over-the-counter (OTC) health and wellness solutions that enhance individual well-being by empowering consumers to prevent or treat conditions that can be self-managed. The company operates through two segments, Consumer Self-Care Americas and Consumer Self-Care International.

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Institutional Ownership by Quarter for Perrigo (NYSE:PRGO)

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