Westpac Banking Corp boosted its position in Perrigo Co. (NYSE:PRGO) by 23.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 9,013 shares of the company’s stock after buying an additional 1,698 shares during the period. Westpac Banking Corp’s holdings in Perrigo were worth $817,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. Scopia Capital Management LP bought a new stake in shares of Perrigo during the first quarter valued at approximately $33,615,000. Aperio Group LLC increased its stake in shares of Perrigo by 49.5% in the first quarter. Aperio Group LLC now owns 26,238 shares of the company’s stock valued at $3,357,000 after buying an additional 8,685 shares during the last quarter. Aviva PLC increased its stake in shares of Perrigo by 1.2% in the first quarter. Aviva PLC now owns 75,927 shares of the company’s stock valued at $9,713,000 after buying an additional 918 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Perrigo by 13.2% in the first quarter. UBS Asset Management Americas Inc. now owns 1,109,594 shares of the company’s stock valued at $141,949,000 after buying an additional 129,485 shares during the last quarter. Finally, AMP Capital Investors Ltd increased its stake in shares of Perrigo by 122.7% in the first quarter. AMP Capital Investors Ltd now owns 85,283 shares of the company’s stock valued at $11,055,000 after buying an additional 46,995 shares during the last quarter. 71.11% of the stock is currently owned by institutional investors.
Shares of Perrigo Co. (NYSE:PRGO) opened at 92.33 on Friday. Perrigo Co. has a 12-month low of $82.50 and a 12-month high of $167.92. The stock’s market cap is $13.23 billion. The company’s 50-day moving average is $91.98 and its 200-day moving average is $100.67.
Perrigo (NYSE:PRGO) last announced its earnings results on Wednesday, August 10th. The company reported $1.93 EPS for the quarter, missing the Zacks’ consensus estimate of $1.98 by $0.05. Perrigo had a negative net margin of 2.39% and a positive return on equity of 10.19%. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the firm posted $2.18 EPS. The business’s quarterly revenue was down 3.7% on a year-over-year basis. On average, equities research analysts anticipate that Perrigo Co. will post $7.00 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 13th. Stockholders of record on Friday, August 26th were issued a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date was Wednesday, August 24th. Perrigo’s dividend payout ratio (DPR) is presently -60.42%.
Several analysts recently commented on PRGO shares. Bank of America Corp. reaffirmed a “sell” rating and set a $109.00 target price on shares of Perrigo in a report on Wednesday, June 15th. Vetr downgraded shares of Perrigo from a “strong-buy” rating to a “buy” rating and set a $98.60 target price for the company. in a report on Monday, August 15th. Deutsche Bank AG raised shares of Perrigo from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a report on Friday, July 22nd. Guggenheim set a $125.00 price objective on shares of Perrigo and gave the company a “buy” rating in a report on Thursday, September 15th. Finally, Argus downgraded shares of Perrigo from a “buy” rating to a “hold” rating in a report on Monday, June 20th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have issued a buy rating to the stock. Perrigo presently has an average rating of “Hold” and a consensus target price of $113.37.
In other news, EVP Judy L. Brown sold 2,095 shares of the business’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $88.28, for a total transaction of $184,946.60. Following the sale, the executive vice president now owns 16,292 shares in the company, valued at approximately $1,438,257.76. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Thomas Farrington sold 1,110 shares of the business’s stock in a transaction on Monday, September 26th. The shares were sold at an average price of $96.76, for a total transaction of $107,403.60. Following the sale, the executive vice president now owns 2,970 shares in the company, valued at approximately $287,377.20. The disclosure for this sale can be found here. Insiders own 4.47% of the company’s stock.
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