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The Manufacturers Life Insurance Company trimmed its position in shares of Perrigo Company plc (NYSE:PRGO – Get Rating) by 3.1% during the third quarter, according to its most recent Form 13F filing with the SEC. stock after selling 3,392 shares during the period. The Manufacturers Life Insurance Company owned about 0.08% of Perrigo worth $3,800,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in PRGO. CIBC Private Wealth Group LLC purchased a new stake in shares of Perrigo during the second quarter worth approximately $32,000. Private Trust Co. NA increased its stake in shares of Perrigo by 228.5% during the third quarter. Private Trust Co. NA now owns 910 shares of the company’s stock worth $32,000 after buying an additional 633 shares during the period. Wipfli Financial Advisors LLC purchased a new stake in shares of Perrigo during the third quarter worth CWM LLC increased its stake in shares of Perrigo by 315.2% during the third quarter. CWM LLC now owns 1,009 shares of the company’s stock worth $36,000 after buying an additional 766 shares during the period. Finally, Washington Trust Advisors Inc. purchased a new stake in shares of Perrigo during the second quarter worth approximately $39,000. 94.09% of the stock is currently owned by hedge funds and other institut strategic investors.
Insider Buying and Selling
In related news, EVP Grainne Quinn sold 2,368 shares of the stock in a transaction on 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 directly owns 9,118 shares of the company’s stock, valued at $288,584.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.80% of the company’s stock.
Analyst Ratings Changes
Several brokerages have commented on PRGO. StockNews.com began coverage on shares of Perrigo in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Raymond James dropped their price target on shares of Perrigo from $48.00 to $42.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 9th.
Perrigo Stock Performance
Shares of PRGO opened at $37.42 on Wednesday. The company has a current ratio of 2.55, a quick ratio of 1.48 and a debt-to-equity ratio of 0.89. The firm has a market cap of $5.04 billion, a PE ratio of -59.40 and a beta of 0.79. The company’s 50 day simple moving average is $34.09 and its 200-day simple moving average is $37.20. Perrigo Company plc has a 12-month low of $30.78 and a 12-month high of $43.90.
Perrigo (NYSE:PRGO – Get Rating) last announced its earnings results on Tuesday, November 8th. The company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.10). The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Perrigo had a positive return on equity of 5.31% and a negative net margin of 1.93%. The business’s revenue was up 5.5% on a year-over-year basis During the same quarter last year, the business posted $0.45 earnings per share. As a group, equities analysts predict that Perrigo Company plc will post 2.02 EPS for the current year.
Perrigo Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 20th. Stockholders of record on Friday, December 2nd were given a dividend of $0.26 per share. The ex-dividend date was Thursday, December 1st. dividend on an annualized basis and a dividend yield of 2.78%. Perrigo’s dividend payout ratio (DPR) is presently -165.08%.
About Perrigo
(Get Rating)
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. through the following segments: Consumer Self-Care Americas (CSCA) and Consumer Self-Care International (CSCI).
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