BNP Paribas Financial Markets grew its holdings in shares of Perrigo Company plc (NYSE:PRGO - Free Report) by 43.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 114,937 shares of the company's stock after buying an additional 35,031 shares during the period. BNP Paribas Financial Markets owned approximately 0.08% of Perrigo worth $3,015,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of the stock. Venturi Wealth Management LLC bought a new stake in Perrigo during the 3rd quarter valued at $56,000. KBC Group NV increased its position in shares of Perrigo by 25.1% during the third quarter. KBC Group NV now owns 4,517 shares of the company's stock worth $118,000 after acquiring an additional 905 shares in the last quarter. Voisard Asset Management Group Inc. raised its holdings in shares of Perrigo by 520.0% in the 2nd quarter. Voisard Asset Management Group Inc. now owns 4,650 shares of the company's stock worth $119,000 after acquiring an additional 3,900 shares during the last quarter. Atria Investments Inc bought a new position in Perrigo in the 3rd quarter valued at about $208,000. Finally, CWM LLC boosted its stake in Perrigo by 877.0% during the 2nd quarter. CWM LLC now owns 8,197 shares of the company's stock valued at $210,000 after purchasing an additional 7,358 shares during the last quarter. Institutional investors and hedge funds own 95.91% of the company's stock.
Insider Buying and Selling
In other news, Director Katherine C. Doyle sold 8,954 shares of Perrigo stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $27.30, for a total transaction of $244,444.20. Following the completion of the sale, the director now owns 6,009 shares in the company, valued at approximately $164,045.70. This trade represents a 59.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.70% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several analysts have recently commented on the company. Canaccord Genuity Group reissued a "buy" rating and issued a $42.00 price objective on shares of Perrigo in a research note on Monday, September 30th. StockNews.com upgraded Perrigo from a "hold" rating to a "buy" rating in a research note on Thursday, November 7th. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a $30.00 target price (down previously from $50.00) on shares of Perrigo in a research note on Monday, September 23rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $37.00.
Read Our Latest Stock Report on PRGO
Perrigo Stock Performance
Shares of PRGO stock traded down $0.36 during trading on Friday, reaching $28.07. 1,030,701 shares of the company's stock traded hands, compared to its average volume of 1,610,936. Perrigo Company plc has a 1 year low of $23.89 and a 1 year high of $34.60. The company has a market capitalization of $3.83 billion, a P/E ratio of -24.04 and a beta of 0.52. The company has a current ratio of 2.56, a quick ratio of 1.77 and a debt-to-equity ratio of 0.94. The firm's 50-day moving average is $26.25 and its 200 day moving average is $27.01.
Perrigo (NYSE:PRGO - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.81 earnings per share for the quarter, meeting the consensus estimate of $0.81. Perrigo had a positive return on equity of 7.38% and a negative net margin of 3.64%. The company had revenue of $1.09 billion during the quarter, compared to analysts' expectations of $1.12 billion. During the same period in the previous year, the business earned $0.64 earnings per share. The firm's quarterly revenue was down 3.2% compared to the same quarter last year. Equities research analysts expect that Perrigo Company plc will post 2.56 EPS for the current year.
Perrigo Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, November 29th will be paid a dividend of $0.276 per share. The ex-dividend date is Friday, November 29th. This represents a $1.10 annualized dividend and a yield of 3.93%. Perrigo's dividend payout ratio is currently -94.02%.
Perrigo Company Profile
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Free Report)
Perrigo Company plc provides over-the-counter health and wellness solutions to enhance individual well-being in the United States, Europe, and internationally. It operates through Consumer Self-Care Americas and Consumer Self-Care International segments. The company develops, manufactures, markets, and distributes self-care consumer products, such as upper respiratory products, including cough suppressants, expectorants, and sinus and allergy relief; nutrition products consisting of infant formulas and nutritional beverages; digestive health products, including antacids, anti-diarrheal, and anti-heartburn; pain and sleep-aids products comprising pain relievers and fever reducers; and oral care products, which include toothbrushes, toothbrush replacement heads, floss, flossers, whitening products, and toothbrush covers.
See Also
![Institutional Ownership by Quarter for Perrigo (NYSE:PRGO)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NYSE&Symbol=PRGO)
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