Victory Capital Management Inc. decreased its position in shares of Perrigo Co. (NYSE:PRGO) by 99.8% during the second quarter, Holdings Channel reports. The fund owned 1,828 shares of the company’s stock after selling 1,025,970 shares during the period. Victory Capital Management Inc.’s holdings in Perrigo were worth $166,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Glenmede Trust Co. NA boosted its position in Perrigo by 65.7% in the first quarter. Glenmede Trust Co. NA now owns 5,081 shares of the company’s stock worth $649,000 after buying an additional 2,015 shares during the last quarter. Aperio Group LLC boosted its position in 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 during the last quarter. Nisa Investment Advisors L.L.C. increased its stake in shares of Perrigo by 186.4% in the first quarter. Nisa Investment Advisors L.L.C. now owns 25,200 shares of the company’s stock valued at $3,224,000 after buying an additional 16,400 shares during the period. Virginia Retirement System acquired a new stake in shares of Perrigo during the first quarter valued at about $1,980,000. Finally, IFP Advisors Inc increased 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 valued at $232,000 after buying an additional 27 shares during the period. 71.11% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Perrigo Co. (NYSE:PRGO) traded up 0.68% during midday trading on Tuesday, hitting $94.42. The company’s stock had a trading volume of 391,231 shares. Perrigo Co. has a 12-month low of $82.50 and a 12-month high of $167.92. The firm’s market cap is $13.53 billion. The firm has a 50-day moving average of $92.14 and a 200 day moving average of $99.92.
Perrigo (NYSE:PRGO) last released its earnings results on Wednesday, August 10th. The company reported $1.93 earnings per share for the quarter, missing the consensus estimate of $1.98 by $0.05. The firm earned $1.48 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Perrigo had a negative net margin of 2.39% and a positive return on equity of 10.19%. The business’s revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the business earned $2.18 EPS. On average, equities research analysts predict that Perrigo Co. will post $7.00 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 13th. Stockholders of record on Friday, August 26th were given a $0.145 dividend. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $0.58 annualized dividend and a dividend yield of 0.62%. Perrigo’s dividend payout ratio (DPR) is presently -60.42%.
Several brokerages recently issued reports on PRGO. Bank of America Corp. reissued a “sell” rating and set a $109.00 target price on shares of Perrigo in a research note on Wednesday, June 15th. BTIG Research reissued a “neutral” rating on shares of Perrigo in a research note on Friday, June 17th. Raymond James Financial Inc. reissued a “hold” rating on shares of Perrigo in a research note on Wednesday, June 15th. Argus downgraded Perrigo from a “buy” rating to a “hold” rating in a research note on Monday, June 20th. Finally, Vetr downgraded Perrigo from a “buy” rating to a “hold” rating and set a $98.60 target price on the stock. in a research note on Tuesday, August 9th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $113.37.
In other news, Director Herman Morris, Jr. sold 1,073 shares of the firm’s stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $90.96, for a total value of $97,600.08. Following the transaction, the director now owns 10,425 shares in the company, valued at $948,258. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Judy L. Brown sold 2,096 shares of the firm’s stock in a transaction that occurred on Monday, September 26th. The shares were sold at an average price of $96.76, for a total value of $202,808.96. Following the completion of the transaction, the chief financial officer now owns 14,196 shares in the company, valued at approximately $1,373,604.96. The disclosure for this sale can be found here. 4.47% of the stock is owned by insiders.
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