Tokio Marine Asset Management Co. Ltd. raised its position in shares of Perrigo Co. (NYSE:PRGO) by 6.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,823 shares of the company’s stock after buying an additional 287 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Perrigo were worth $437,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the stock. Balentine LLC boosted its position in shares of Perrigo by 28.3% in the first quarter. Balentine LLC now owns 1,044 shares of the company’s stock worth $134,000 after buying an additional 230 shares during the last quarter. Hall Laurie J Trustee boosted its position in shares of Perrigo by 49.1% in the second quarter. Hall Laurie J Trustee now owns 1,670 shares of the company’s stock worth $156,000 after buying an additional 550 shares during the last quarter. MU Investments Co. Ltd. purchased a new position in shares of Perrigo during the second quarter worth $176,000. Gardiner Nancy B purchased a new position in shares of Perrigo during the first quarter worth $207,000. Finally, Gilman Hill Asset Management LLC purchased a new position in shares of Perrigo during the second quarter worth $273,000. 71.10% of the stock is owned by institutional investors and hedge funds.
Perrigo Co. (NYSE:PRGO) traded up 1.96% during trading on Monday, hitting $92.73. The stock had a trading volume of 1,473,868 shares. Perrigo Co. has a 52 week low of $82.50 and a 52 week high of $167.92. The company’s market cap is $13.29 billion. The stock has a 50-day moving average price of $92.69 and a 200-day moving average price of $99.32.
Perrigo (NYSE:PRGO) last posted its earnings results on Wednesday, August 10th. The company reported $1.93 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.98 by $0.05. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.43 billion. Perrigo had a positive return on equity of 10.19% and a negative net margin of 2.39%. The company’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.18 earnings per share. Equities analysts predict that Perrigo Co. will post $7.00 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 13th. Shareholders of record on Friday, August 26th were given a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend was Wednesday, August 24th. Perrigo’s payout ratio is -60.42%.
A number of brokerages recently weighed in on PRGO. Raymond James Financial Inc. reiterated a “hold” rating on shares of Perrigo in a report on Wednesday, June 15th. Leerink Swann set a $81.00 price objective on Perrigo and gave the stock a “hold” rating in a research note on Wednesday, August 10th. Vetr cut Perrigo from a “buy” rating to a “hold” rating and set a $98.60 price objective on the stock. in a research note on Tuesday, August 9th. Deutsche Bank AG restated a “buy” rating and set a $105.00 price objective on shares of Perrigo in a research note on Tuesday, September 13th. Finally, Zacks Investment Research upgraded Perrigo from a “hold” rating to a “buy” rating and set a $104.00 price objective on the stock in a research note on Wednesday, July 20th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $113.37.
In other Perrigo news, CFO Judy L. Brown sold 2,096 shares of the company’s stock in a transaction dated Monday, September 26th. The shares were sold at an average price of $96.76, for a total transaction of $202,808.96. Following the completion of the sale, the chief financial officer now directly owns 14,196 shares in the company, valued at $1,373,604.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Judy L. Brown sold 2,095 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $1,438,257.76. The disclosure for this sale can be found here. Company insiders own 4.47% of the company’s stock.
Want to see what other hedge funds are holding PRGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Perrigo Co. (NYSE:PRGO).
Receive News & Ratings for Perrigo Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perrigo Co. and related companies with MarketBeat.com's FREE daily email newsletter.