Envestnet Asset Management Inc. boosted its position in shares of Perrigo Company plc (NYSE:PRGO – Free Report) by 41.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 656,049 shares of the company’s stock after buying an additional 193,524 shares during the period. Envestnet Asset Management Inc. owned 0.49% of Perrigo worth $20,113,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Perrigo by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 14,328,895 shares of the company’s stock worth $510,968,000 after purchasing an additional 215,794 shares during the period. BlackRock Inc. raised its stake in shares of Perrigo by 4.8% during the first quarter. BlackRock Inc. now owns 12,112,154 shares of the company’s stock worth $465,469,000 after purchasing an additional 554,915 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Perrigo by 12.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,421,604 shares of the company’s stock worth $218,913,000 after purchasing an additional 690,137 shares during the period. State Street Corp grew its position in Perrigo by 4.8% in the 1st quarter. State Street Corp now owns 4,270,353 shares of the company’s stock valued at $164,110,000 after buying an additional 193,783 shares during the last quarter. Finally, Coho Partners Ltd. raised its position in Perrigo by 2.6% during the 1st quarter. Coho Partners Ltd. now owns 3,694,210 shares of the company’s stock worth $132,511,000 after buying an additional 95,192 shares during the last quarter. Hedge funds and other institutional investors own 95.74% of the company’s stock.
Insiders Place Their Bets
In related news, Director Geoffrey M. Parker acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 13th. The shares were acquired at an average price of $33.06 per share, with a total value of $330,600.00. Following the completion of the purchase, the director now directly owns 25,879 shares in the company, valued at $855,559.74. The purchase was disclosed in a document filed with the SEC, which is available through this link. 0.80% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on Perrigo
Perrigo Stock Performance
NYSE PRGO opened at $36.15 on Friday. The business has a 50 day moving average price of $35.76 and a 200 day moving average price of $35.41. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.62 and a quick ratio of 1.52. The company has a market capitalization of $4.89 billion, a P/E ratio of -86.07 and a beta of 0.80. Perrigo Company plc has a 1-year low of $30.78 and a 1-year high of $41.44.
Perrigo (NYSE:PRGO – Get Free Report) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.09. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion. Perrigo had a positive return on equity of 6.79% and a negative net margin of 1.22%. The business’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.43 EPS. Sell-side analysts expect that Perrigo Company plc will post 2.6 EPS for the current fiscal year.
Perrigo Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.273 per share. This represents a $1.09 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend is Thursday, August 31st. Perrigo’s dividend payout ratio (DPR) is presently -259.52%.
Perrigo Company Profile
Perrigo Company plc provides over-the-counter health and wellness solutions to enhance individual well-being in Ireland, the United States, France, Belgium, China, the United Kingdom, Germany, Switzerland, Austria, Italy, Australia, Greece, and Spain. It operates through Consumer Self-Care Americas and Consumer Self-Care International segments.
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