Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Perrigo Co. (NYSE:PRGO) by 6.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund 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 also recently added to or reduced their stakes in PRGO. Scopia Capital Management LP acquired a new position in shares of Perrigo during the first quarter worth approximately $33,615,000. Aperio Group LLC boosted its position in shares of Perrigo by 49.5% in the first quarter. Aperio Group LLC now owns 26,238 shares of the company’s stock worth $3,357,000 after buying an additional 8,685 shares in the last quarter. Aviva PLC boosted its position 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 in the last quarter. UBS Asset Management Americas Inc. boosted its position 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 in the last quarter. Finally, AMP Capital Investors Ltd boosted its position 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 in the last quarter. Institutional investors and hedge funds own 71.10% of the company’s stock.
Shares of Perrigo Co. (NYSE:PRGO) traded up 1.96% during trading on Monday, hitting $92.73. 1,473,868 shares of the stock were exchanged. The stock’s market cap is $13.29 billion. The firm’s 50 day moving average price is $92.69 and its 200-day moving average price is $99.32. Perrigo Co. has a 52 week low of $82.50 and a 52 week high of $167.92.
Perrigo (NYSE:PRGO) last issued its quarterly earnings results on Wednesday, August 10th. The company reported $1.93 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.98 by $0.05. Perrigo had a positive return on equity of 10.19% and a negative net margin of 2.39%. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the company posted $2.18 EPS. The business’s revenue was down 3.7% on a year-over-year basis. On average, analysts predict that Perrigo Co. will post $7.00 EPS for the current year.
The company also recently declared 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 of this dividend was Wednesday, August 24th. Perrigo’s dividend payout ratio (DPR) is presently -60.42%.
A number of brokerages have commented on PRGO. B. Riley restated a “neutral” rating and set a $101.00 price target on shares of Perrigo in a research note on Sunday, July 3rd. Northland Securities cut shares of Perrigo from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $123.00 to $94.00 in a research note on Thursday, August 11th. Zacks Investment Research cut shares of Perrigo from a “buy” rating to a “hold” rating in a research note on Monday, July 25th. JPMorgan Chase & Co. set a $90.00 price target on shares of Perrigo and gave the stock a “hold” rating in a research note on Thursday, August 11th. Finally, Vetr cut shares of Perrigo from a “strong-buy” rating to a “buy” rating and set a $98.60 price target for the company. in a research note on Monday, July 25th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company’s stock. Perrigo has an average rating of “Hold” and a consensus target price of $113.37.
In related news, Director Gary K. Kunkle, Jr. sold 5,814 shares of the company’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $89.95, for a total transaction of $522,969.30. Following the completion of the transaction, the director now directly owns 31,501 shares in the company, valued at approximately $2,833,514.95. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Judy L. Brown sold 2,096 shares of the company’s stock in a transaction that occurred on Monday, September 26th. The stock was sold at an average price of $96.76, for a total transaction of $202,808.96. Following the transaction, the chief financial officer now owns 14,196 shares of the company’s stock, valued at $1,373,604.96. The disclosure for this sale can be found here. 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.