FTB Advisors Inc. boosted its stake in shares of Perrigo Co. (NYSE:PRGO) by 44.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,240 shares of the company’s stock after buying an additional 8,031 shares during the period. FTB Advisors Inc.’s holdings in Perrigo were worth $2,379,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in PRGO. Scopia Capital Management LP bought a new stake in Perrigo during the first quarter valued at $33,615,000. 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 worth $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 worth $141,949,000 after buying an additional 129,485 shares during the last quarter. 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 worth $11,055,000 after buying an additional 46,995 shares during the last quarter. Finally, Dividend Assets Capital LLC increased its stake in shares of Perrigo by 1.9% in the second quarter. Dividend Assets Capital LLC now owns 926,201 shares of the company’s stock worth $83,979,000 after buying an additional 17,556 shares during the last quarter. 71.17% of the stock is owned by institutional investors.
Shares of Perrigo Co. (NYSE:PRGO) traded up 0.13% during midday trading on Monday, reaching $86.50. The company’s stock had a trading volume of 558,111 shares. The firm’s market cap is $12.39 billion. Perrigo Co. has a 12 month low of $82.50 and a 12 month high of $167.92. The company has a 50-day moving average price of $92.50 and a 200-day moving average price of $98.07.
Perrigo (NYSE:PRGO) last issued its earnings results on Wednesday, August 10th. The company reported $1.93 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.98 by $0.05. Perrigo had a positive return on equity of 10.27% and a negative net margin of 2.39%. The company 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 business posted $2.18 EPS. Perrigo’s quarterly revenue was down 3.7% on a year-over-year basis. Equities analysts expect that Perrigo Co. will post $7.00 earnings per share for the current year.
A number of brokerages have weighed in on PRGO. Argus reissued a “hold” rating on shares of Perrigo in a report on Tuesday, September 27th. RBC Capital Markets reissued a “sector perform” rating and issued a $92.00 price target on shares of Perrigo in a report on Tuesday, September 20th. Guggenheim set a $125.00 price target on shares of Perrigo and gave the company a “buy” rating in a report on Thursday, September 15th. Deutsche Bank AG reissued a “buy” rating and issued a $105.00 price target on shares of Perrigo in a report on Tuesday, September 13th. Finally, B. Riley reissued a “neutral” rating and issued a $87.00 price target on shares of Perrigo in a report on Saturday, August 20th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company. Perrigo presently has an average rating of “Hold” and an average price target of $113.37.
In other news, CFO Judy L. Brown sold 2,096 shares of the firm’s stock in a transaction dated Monday, September 26th. The stock was sold at an average price of $96.76, for a total transaction of $202,808.96. Following the sale, the chief financial officer now owns 14,196 shares of the company’s stock, valued at $1,373,604.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Judy L. Brown sold 2,095 shares of the firm’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $88.28, for a total value of $184,946.60. Following the sale, the executive vice president now directly owns 16,292 shares in the company, valued at approximately $1,438,257.76. The disclosure for this sale can be found here. Company insiders own 4.47% of the company’s stock.
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