State of Alaska Department of Revenue Sells 630 Shares of Perrigo Company plc (NYSE:PRGO)

State of Alaska Department of Revenue decreased its stake in Perrigo Company plc (NYSE:PRGOGet Rating) by 3.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 18,682 shares of the company’s stock after selling 630 shares during the quarter. State of Alaska Department of Revenue’s holdings in Perrigo were worth $666,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. Louisiana State Employees Retirement System purchased a new stake in shares of Perrigo in the 3rd quarter valued at $1,277,000. Pendal Group Ltd boosted its stake in shares of Perrigo by 2.8% in the 3rd quarter. Pendal Group Ltd now owns 1,754,995 shares of the company’s stock valued at $62,583,000 after purchasing an additional 47,600 shares in the last quarter. YorkBridge Wealth Partners LLC purchased a new stake in shares of Perrigo in the 3rd quarter valued at $218,000. Violich Capital Management Inc. boosted its stake in shares of Perrigo by 268.4% in the 3rd quarter. Violich Capital Management Inc. now owns 58,115 shares of the company’s stock valued at $2,072,000 after purchasing an additional 42,340 shares in the last quarter. Finally, Private Trust Co. NA boosted its stake in shares of Perrigo by 228.5% in the 3rd quarter. Private Trust Co. NA now owns 910 shares of the company’s stock valued at $32,000 after purchasing an additional 633 shares in the last quarter. Hedge funds and other institutional investors own 94.09% of the company’s stock.

Perrigo Trading Up 1.2 %

Shares of PRGO opened at $36.41 on Wednesday. The stock has a market capitalization of $4.90 billion, a P/E ratio of -57.79 and a beta of 0.79. The company has a quick ratio of 1.48, a current ratio of 2.55 and a debt-to-equity ratio of 0.89. The firm has a fifty day simple moving average of $33.38 and a two-hundred day simple moving average of $37.66. Perrigo Company plc has a twelve month low of $30.78 and a twelve month high of $43.90.

Perrigo (NYSE:PRGOGet Rating) last issued its quarterly earnings data on Tuesday, November 8th. The company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.10). Perrigo had a positive return on equity of 5.31% and a negative net margin of 1.93%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the company posted $0.45 earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, research analysts anticipate that Perrigo Company plc will post 2.02 EPS for the current year.

Perrigo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 20th. Shareholders of record on Friday, December 2nd were issued a $0.26 dividend. The ex-dividend date of this dividend was Thursday, December 1st. This represents a $1.04 annualized dividend and a yield of 2.86%. Perrigo’s dividend payout ratio (DPR) is presently -165.08%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on PRGO shares. Argus raised shares of Perrigo from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Wednesday, September 14th. StockNews.com began coverage on shares of Perrigo in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, Raymond James dropped their price target on shares of Perrigo from $48.00 to $42.00 and set an “outperform” rating for the company in a research report on Wednesday, November 9th.

Insiders Place Their Bets

In other Perrigo news, EVP Grainne Quinn sold 2,368 shares of the company’s stock in a transaction on Friday, December 16th. The shares were sold at an average price of $31.65, for a total value of $74,947.20. Following the completion of the transaction, the executive vice president now directly owns 9,118 shares in the company, valued at approximately $288,584.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.80% of the company’s stock.

About Perrigo

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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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