Gluskin Sheff & Assoc Inc. boosted its stake in Perrigo Co. (NYSE:PRGO) by 1.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,920 shares of the company’s stock after buying an additional 90 shares during the period. Gluskin Sheff & Assoc Inc.’s holdings in Perrigo were worth $718,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in PRGO. Balentine LLC increased its stake in Perrigo by 28.3% in the first quarter. Balentine LLC now owns 1,044 shares of the company’s stock valued at $134,000 after buying an additional 230 shares during the period. Hall Laurie J Trustee increased its stake in Perrigo by 49.1% in the second quarter. Hall Laurie J Trustee now owns 1,670 shares of the company’s stock valued at $156,000 after buying an additional 550 shares during the period. MU Investments Co. Ltd. purchased a new stake in shares of Perrigo during the second quarter worth $176,000. Gardiner Nancy B purchased a new stake in shares of Perrigo during the first quarter worth $207,000. Finally, IFP Advisors Inc boosted its stake in shares of Perrigo by 1.5% in the first quarter. IFP Advisors Inc now owns 1,817 shares of the company’s stock worth $232,000 after buying an additional 27 shares during the last quarter. 71.11% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Perrigo Co. (NYSE:PRGO) traded down 1.95% during trading on Thursday, hitting $94.84. 1,335,452 shares of the stock traded hands. Perrigo Co. has a 52 week low of $82.50 and a 52 week high of $167.92. The firm’s market cap is $13.59 billion. The company has a 50-day moving average of $92.54 and a 200-day moving average of $99.65.
Perrigo (NYSE:PRGO) last announced 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. Perrigo had a negative net margin of 2.39% and a positive return on equity of 10.19%. The company earned $1.48 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the company earned $2.18 earnings per share. The business’s revenue was down 3.7% on a year-over-year basis. On average, analysts forecast that Perrigo Co. will post $7.00 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 13th. Investors of record on Friday, August 26th were issued a $0.145 dividend. This represents a $0.58 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend was Wednesday, August 24th. Perrigo’s payout ratio is presently -60.42%.
Several equities analysts recently commented on the stock. B. Riley reiterated a “neutral” rating and set a $101.00 target price on shares of Perrigo in a research note on Tuesday, June 28th. BTIG Research reissued a “neutral” rating on shares of Perrigo in a report on Friday, June 17th. Barclays PLC lowered their price target on shares of Perrigo from $120.00 to $110.00 and set an “overweight” rating on the stock in a report on Thursday, August 11th. Jefferies Group lowered their price target on shares of Perrigo from $97.00 to $84.00 and set a “hold” rating on the stock in a report on Thursday, August 11th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $105.00 target price (down previously from $115.00) on shares of Perrigo in a report on Thursday, August 11th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $113.37.
In other Perrigo news, Director Gary K. Kunkle, Jr. sold 5,814 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $89.95, for a total value of $522,969.30. Following the transaction, the director now directly owns 31,501 shares of the company’s stock, valued at $2,833,514.95. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Judy L. Brown sold 2,095 shares of the business’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $88.28, for a total value of $184,946.60. Following the completion of the transaction, the executive vice president now directly owns 16,292 shares in the company, valued at $1,438,257.76. The disclosure for this sale can be found here. 4.47% of the stock is owned by corporate insiders.
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