Nisa Investment Advisors LLC Decreases Stake in Perrigo Company plc (NYSE:PRGO)

Nisa Investment Advisors LLC reduced its position in Perrigo Company plc (NYSE:PRGO – Get Rating) by 91.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 860 shares of the company’s stock after selling 9,210 shares during the period. Nisa Investment Advisors LLC’s holdings in Perrigo were worth $33,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. State of Michigan Retirement System raised its stake in shares of Perrigo by 1.2% in the 4th quarter. State of Michigan Retirement System now owns 33,900 shares of the company’s stock valued at $1,319,000 after purchasing an additional 400 shares in the last quarter. Veriti Management LLC raised its stake in shares of Perrigo by 7.8% in the 1st quarter. Veriti Management LLC now owns 7,315 shares of the company’s stock valued at $281,000 after purchasing an additional 529 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Perrigo by 1.7% in the 1st quarter. Louisiana State Employees Retirement System now owns 35,000 shares of the company’s stock valued at $1,243,000 after purchasing an additional 600 shares in the last quarter. Ridgewood Investments LLC raised its stake in shares of Perrigo by 3.9% in the 1st quarter. Ridgewood Investments LLC now owns 16,521 shares of the company’s stock valued at $635,000 after purchasing an additional 622 shares in the last quarter. Finally, Advisor Group Holdings Inc. raised its stake in shares of Perrigo by 6.9% in the 4th quarter. Advisor Group Holdings Inc. now owns 11,691 shares of the company’s stock valued at $453,000 after purchasing an additional 755 shares in the last quarter. Institutional investors and hedge funds own 91.25% of the company’s stock.

Perrigo Price Performance

PRGO opened at $41.87 on Monday. The firm has a market cap of $5.63 billion, a price-to-earnings ratio of -64.42 and a beta of 0.92. Perrigo Company plc has a fifty-two week low of $31.32 and a fifty-two week high of $50.90. The company’s 50-day moving average price is $40.24 and its 200 day moving average price is $38.02. The company has a quick ratio of 2.97, a current ratio of 4.01 and a debt-to-equity ratio of 0.69.

Perrigo (NYSE:PRGO – Get Rating) last released its quarterly earnings data on Wednesday, May 11th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.09). The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.06 billion. Perrigo had a positive return on equity of 4.88% and a negative net margin of 2.07%. During the same quarter last year, the company earned $0.50 EPS. As a group, sell-side analysts expect that Perrigo Company plc will post 2.3 earnings per share for the current year.

Perrigo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 21st. Shareholders of record on Friday, June 3rd were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was Thursday, June 2nd. Perrigo’s dividend payout ratio (DPR) is -160.00%.

Perrigo Company Profile

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Perrigo Company plc provides over-the-counter (OTC) health and wellness solutions that enhance individual well-being by empowering consumers to prevent or treat conditions that can be self-managed. The company operates through two segments, Consumer Self-Care Americas and Consumer Self-Care International.

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