Organon & Co. (NYSE:OGN) Stock Position Boosted by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its stake in Organon & Co. (NYSE:OGNFree Report) by 23.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 263,051 shares of the company’s stock after buying an additional 50,788 shares during the period. Janney Montgomery Scott LLC owned 0.10% of Organon & Co. worth $4,945,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OGN. Sequoia Financial Advisors LLC bought a new position in shares of Organon & Co. during the 1st quarter valued at about $231,000. Private Advisor Group LLC boosted its holdings in shares of Organon & Co. by 79.6% in the first quarter. Private Advisor Group LLC now owns 25,318 shares of the company’s stock worth $476,000 after buying an additional 11,223 shares during the period. Norden Group LLC acquired a new position in shares of Organon & Co. in the first quarter worth about $355,000. HB Wealth Management LLC acquired a new position in shares of Organon & Co. in the first quarter worth about $218,000. Finally, Perigon Wealth Management LLC acquired a new position in shares of Organon & Co. in the first quarter worth about $193,000. Institutional investors own 77.43% of the company’s stock.

Organon & Co. Trading Down 0.1 %

Shares of Organon & Co. stock opened at $19.92 on Thursday. The firm has a market capitalization of $5.12 billion, a PE ratio of 4.87, a price-to-earnings-growth ratio of 0.88 and a beta of 0.85. The company has a debt-to-equity ratio of 181.35, a current ratio of 1.65 and a quick ratio of 1.15. The company’s fifty day moving average price is $20.72 and its two-hundred day moving average price is $18.47. Organon & Co. has a 52-week low of $10.84 and a 52-week high of $24.08.

Organon & Co. (NYSE:OGNGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.31. The business had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.57 billion. Organon & Co. had a net margin of 16.50% and a negative return on equity of 360.57%. On average, analysts expect that Organon & Co. will post 4.3 EPS for the current year.

Organon & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Monday, May 13th were given a dividend of $0.28 per share. The ex-dividend date was Friday, May 10th. This represents a $1.12 dividend on an annualized basis and a yield of 5.62%. Organon & Co.’s payout ratio is presently 27.38%.

Analysts Set New Price Targets

Several brokerages have commented on OGN. Piper Sandler raised their target price on shares of Organon & Co. from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Monday, April 29th. The Goldman Sachs Group raised their price objective on shares of Organon & Co. from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd.

View Our Latest Report on Organon & Co.

About Organon & Co.

(Free Report)

Organon & Co develops and delivers health solutions through a portfolio of prescription therapies and medical devices within women's health in the United States and internationally. Its women's health portfolio comprises contraception and fertility brands, such as Nexplanon, a long-acting reversible contraceptive; NuvaRing, a monthly vaginal contraceptive ring; Cerazette, a daily pill used to prevent pregnancy; Marvelon, progestin and estrogen used as daily pills to prevent pregnancy; Follistim AQ, used to promote the development of multiple ovarian follicles in assisted reproduction technology procedures; Elonva, an ovarian follicle stimulant; Ganirelix Acetate Injection, an injectable antagonist; and Jada, for abnormal postpartum uterine bleeding or hemorrhage.

See Also

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Institutional Ownership by Quarter for Organon & Co. (NYSE:OGN)

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