Swiss National Bank Has $12.78 Million Holdings in Perrigo Company plc (NYSE:PRGO)

Swiss National Bank reduced its stake in shares of Perrigo Company plc (NYSE:PRGOGet Rating) by 0.4% in the second quarter, reports. The firm owned 315,100 shares of the company’s stock after selling 1,200 shares during the period. Swiss National Bank’s holdings in Perrigo were worth $12,784,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of PRGO. CIBC Private Wealth Group LLC purchased a new stake in shares of Perrigo in the second quarter valued at about $32,000. Washington Trust Advisors Inc. purchased a new stake in Perrigo in the 2nd quarter valued at about $39,000. Venture Visionary Partners LLC bought a new position in shares of Perrigo during the 2nd quarter worth approximately $41,000. Covestor Ltd boosted its stake in shares of Perrigo by 5,903.6% in the 1st quarter. Covestor Ltd now owns 1,681 shares of the company’s stock worth $65,000 after buying an additional 1,653 shares during the last quarter. Finally, Focused Wealth Management Inc grew its holdings in shares of Perrigo by 1,950.5% in the second quarter. Focused Wealth Management Inc now owns 1,866 shares of the company’s stock valued at $76,000 after acquiring an additional 1,775 shares in the last quarter. 96.41% of the stock is owned by hedge funds and other institutional investors.

Perrigo Stock Performance

Shares of PRGO opened at $31.86 on Friday. Perrigo Company plc has a 1 year low of $31.32 and a 1 year high of $43.90. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.55 and a quick ratio of 1.48. The stock’s fifty day moving average price is $37.88 and its two-hundred day moving average price is $38.94. The firm has a market cap of $4.29 billion, a PE ratio of -50.57 and a beta of 0.92.

Perrigo (NYSE:PRGOGet Rating) last announced its quarterly earnings data on Tuesday, November 8th. The company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.12). The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Perrigo had a positive return on equity of 5.31% and a negative net margin of 1.93%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $0.45 EPS. On average, equities research analysts forecast that Perrigo Company plc will post 2.02 EPS for the current year.

Perrigo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 20th. Investors of record on Friday, December 2nd will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date is Thursday, December 1st. Perrigo’s payout ratio is currently -165.08%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Raymond James dropped their price target on Perrigo from $48.00 to $42.00 and set an “outperform” rating on the stock in a report on Wednesday, November 9th. Wells Fargo & Company raised shares of Perrigo from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $48.00 to $54.00 in a report on Tuesday, September 6th. Argus upgraded shares of Perrigo from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a report on Wednesday, September 14th. Finally, assumed coverage on shares of Perrigo in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock.

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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Institutional Ownership by Quarter for Perrigo (NYSE:PRGO)

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