Wipfli Financial Advisors LLC acquired a new position in shares of Perrigo Company plc (NYSE:PRGO – Get Rating) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 948 shares of the company’s stock, valued at approximately $34,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PRGO. CIBC Private Wealth Group LLC purchased a new stake in Perrigo during the 2nd quarter worth about $32,000. Private Trust Co. NA increased its position in Perrigo by 228.5% during the 3rd quarter. Private Trust Co. NA now owns 910 shares of the company’s stock worth $32,000 after purchasing an additional 633 shares in the last quarter. Washington Trust Advisors Inc. purchased a new stake in Perrigo during the 2nd quarter worth about $39,000. Venture Visionary Partners LLC purchased a new stake in Perrigo during the 2nd quarter worth about $41,000. Finally, Fifth Third Bancorp increased its position in Perrigo by 117.0% during the 3rd quarter. Fifth Third Bancorp now owns 1,274 shares of the company’s stock worth $45,000 after purchasing an additional 687 shares in the last quarter. Hedge funds and other institutional investors own 94.09% of the company’s stock.
Analyst Upgrades and Downgrades
PRGO has been the subject of several recent analyst reports. Raymond James lowered their price target on Perrigo from $48.00 to $42.00 and set an “outperform” rating for the company in a report on Wednesday, November 9th. StockNews.com initiated coverage on Perrigo in a report on Wednesday, October 12th. They issued a “hold” rating for the company.
Perrigo Stock Down 3.2 %
Perrigo (NYSE:PRGO – Get Rating) last posted its quarterly earnings results on Tuesday, November 8th. The company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.10). Perrigo had a negative net margin of 1.93% and a positive return on equity of 5.31%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the firm earned $0.45 EPS. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, research analysts expect that Perrigo Company plc will post 2.02 earnings per share for the current year.
Perrigo Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 20th. Stockholders of record on Friday, December 2nd were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date was Thursday, December 1st. Perrigo’s payout ratio is currently -165.08%.
Insider Transactions at Perrigo
In other news, EVP Grainne Quinn sold 2,368 shares of the business’s stock in a transaction dated Friday, December 16th. The stock was sold at an average price of $31.65, for a total transaction of $74,947.20. Following the completion of the sale, the executive vice president now owns 9,118 shares in the company, valued at approximately $288,584.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.80% of the company’s stock.
Perrigo Company Profile
Perrigo Co Plc engages in the provision of self-care products and over-the-counter (OTC) health and wellness solutions. It enhances individual well-being by empowering consumers to proactively prevent or treat conditions that can be self-managed. It operates through the following segments: Consumer Self-Care Americas (CSCA) and Consumer Self-Care International (CSCI).
- Get a free copy of the StockNews.com research report on Perrigo (PRGO)
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