Virtu Financial LLC Takes $909,000 Position in Perrigo Company plc (NYSE:PRGO)

Virtu Financial LLC acquired a new stake in shares of Perrigo Company plc (NYSE:PRGO - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 34,654 shares of the company's stock, valued at approximately $909,000.

A number of other institutional investors have also recently bought and sold shares of PRGO. Venturi Wealth Management LLC acquired a new position in Perrigo during the third quarter worth $56,000. KBC Group NV boosted its stake in shares of Perrigo by 25.1% during the 3rd 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 stake in shares of Perrigo by 9.7% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 5,100 shares of the company's stock valued at $134,000 after acquiring an additional 450 shares in the last quarter. Atria Investments Inc acquired a new stake in Perrigo in the 3rd quarter worth approximately $208,000. Finally, CWM LLC grew its holdings in Perrigo by 877.0% during the second 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 at Perrigo

In related news, Director Jeffrey B. Kindler sold 17,598 shares of the firm's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $28.27, for a total transaction of $497,495.46. Following the completion of the sale, the director now directly owns 5,409 shares of the company's stock, valued at $152,912.43. This trade represents a 76.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.70% of the company's stock.

Perrigo Stock Performance

PRGO traded down $0.14 during trading on Friday, reaching $27.45. 966,639 shares of the company's stock were exchanged, compared to its average volume of 1,601,242. The company has a market capitalization of $3.74 billion, a P/E ratio of -23.46 and a beta of 0.52. The company has a quick ratio of 1.77, a current ratio of 2.56 and a debt-to-equity ratio of 0.94. The business has a 50 day moving average price of $26.52 and a 200 day moving average price of $26.97. Perrigo Company plc has a fifty-two week low of $23.89 and a fifty-two week high of $34.60.

Perrigo (NYSE:PRGO - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.81 earnings per share for the quarter, meeting analysts' consensus estimates of $0.81. The business had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $1.12 billion. Perrigo had a negative net margin of 3.64% and a positive return on equity of 7.38%. The firm's revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.64 earnings per share. As a group, analysts predict that Perrigo Company plc will post 2.56 earnings per share for the current fiscal year.

Perrigo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, November 29th will be paid a $0.276 dividend. This represents a $1.10 annualized dividend and a yield of 4.02%. The ex-dividend date is Friday, November 29th. Perrigo's dividend payout ratio is -94.02%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on PRGO shares. Canaccord Genuity Group restated a "buy" rating and set a $42.00 price target on shares of Perrigo in a report on Monday, September 30th. StockNews.com upgraded shares of Perrigo from a "hold" rating to a "buy" rating in a report 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 given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $37.00.

About Perrigo

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.