The most recent 13F disclosure that the company filed with the SEC indicates that during the third quarter, Los Angeles Capital Management LLC increased its shares of Perrigo Company plc (NYSE: PRGO) by a factor of 213.0%. The corporation now has a total of 322,501 shares of ownership in the company after purchasing an additional 219,473 shares of the company’s stock throughout the period. The most recent reporting period came to a close, with Los Angeles Capital Management LLC being the owner of approximately 0.24% of Perrigo, which had a value of $11,500,000 at the time.
Recently, several additional institutional investors have also changed the proportion of their assets allocated to the company. These changes were made in response to recent events. The CIBC Private Wealth Group LLC invested approximately $32,000 during the second quarter to acquire a new stake in Perrigo. During the third quarter, Private Trust Co. NA achieved a 228.5% increase in the proportion of Perrigo stock it owned. Private Trust Co. NA now holds 910 shares of the company’s stock, which are currently valued at $32,000 after purchasing an additional 633 shares during the period in question. During the third quarter of 2018, Wipfli Financial Advisors LLC spent $34,000 to acquire a new position at the pharmaceutical company Perrigo. During the third quarter, CWM LLC increased its holdings in Perrigo by 315.2 percentage points to a total value of $1. Following the acquisition of 766 shares during the period in question, CWM LLC now holds 1,009 shares of the company’s stock. One share of the company’s stock has a current market value of $36,000. Washington Trust Advisors Inc. spent $39,000 on acquiring new Perrigo stock at the end of the second quarter. To the tune of 94.09% of the company’s shares, institutional investors and hedge funds hold these shares in their portfolios.
When trading started on Thursday, the price of a share of PRGO stock was $35.60 per share. Currently, the debt-to-equity ratio stands at 0.89, the quick ratio sits at 1.48, and the current ratio sits at 2.55. The company’s moving averages for the past fifty days are currently sitting at $33.30, and the moving averages for the past 200 days are currently at $37.49. The company has a price-to-earnings ratio of -56.51, and its beta value is currently at 0.79. Its market capitalization is currently sitting at $4.79 billion at the moment. Perrigo Company plc had a price range of $30.78 to $43.90 a year ago, with a high of $43.90 and a low of $30.78.
The most recent earnings report was made on November 8 by Perrigo (NYSE: PRGO), which is the company that has reported its earnings the most recently. The company reported earnings per share for the period at $0.56, which is $0.10 less than the consensus estimate of $0.66 among analysts. Despite analysts’ predictions that the company would bring in $1.14 billion in revenue for the quarter, the actual amount that the company was able to bring in was only $1.10 billion. However, the return on equity for the company was positive at 5.31%, even though the net margin for Perrigo was negative by 1.93%. In comparison to the same period in the previous year, the third quarter saw a revenue increase of 5.5% for the company. Compared to the previous year’s results, the current year’s profits come to $0.45 per share. Sell-side analysts project that the current fiscal year will increase earnings by 2.02 cents per share for Perrigo Company plc.
In addition, the business recently announced a quarterly dividend, which was then paid out and distributed on December 1. On Friday, December 2, $0.26 dividend payments per share were mailed out to stockholders who already had their information on file. This dividend’s ex-dividend date, which occurred on December 1 of this year, is referred to as the ex-div date. This translates into a dividend payment of $1.04 per share and a dividend yield of 2.92% when calculated annually. Currently, the payout ratio for Perrigo stands at a negative value of 165.08 percent.
According to the most recent information regarding Perrigo, Executive Vice President Grainne Quinn sold 2,368 shares of the company’s stock on Friday, December 16. This information was reported in earlier news regarding Perrigo. It was determined that the price of each share, which was ultimately sold for a total of $74,947.20, would be $31.65 per share. The completion of the transaction has resulted in the executive vice president gaining ownership of 9,118 company shares, which have a combined value of $288,584.70. You can read the transaction’s legal document submitted to the Securities and Exchange Commission by clicking on the link. At this point, company insiders own 0.80% of the total stock in the business.
Several analysts have recently provided their thoughts on the PRGO stock, which can be found here. StockNews.com released its first research report covering Perrigo on October 12; the report was published on that day. They advised their clients to “hold” the stock moving forward. In a research note distributed on November 9, Raymond James lowered their “outperform” rating and their price objective on Perrigo, which had previously been set at $48. The new price objective is $42.00.