Perrigo (NYSE:PRGO) EVP Robert Willis Buys 1,488 Shares

Perrigo Company plc (NYSE:PRGO - Get Free Report) EVP Robert Willis bought 1,488 shares of Perrigo stock in a transaction dated Friday, August 22nd. The shares were acquired at an average cost of $24.10 per share, for a total transaction of $35,860.80. Following the completion of the purchase, the executive vice president directly owned 41,939 shares of the company's stock, valued at approximately $1,010,729.90. This trade represents a 3.68% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Perrigo Trading Up 4.5%

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NYSE PRGO opened at $24.4940 on Friday. The company has a quick ratio of 1.24, a current ratio of 2.32 and a debt-to-equity ratio of 0.81. The stock's 50 day moving average is $26.08 and its 200 day moving average is $26.22. Perrigo Company plc has a twelve month low of $21.03 and a twelve month high of $30.93. The firm has a market capitalization of $3.37 billion, a PE ratio of -42.23 and a beta of 0.47.

Perrigo (NYSE:PRGO - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.59 by ($0.02). The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.08 billion. Perrigo had a negative net margin of 1.86% and a positive return on equity of 9.09%. The company's revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.53 earnings per share. Research analysts forecast that Perrigo Company plc will post 2.56 earnings per share for the current fiscal year.

Perrigo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Friday, August 29th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Friday, August 29th. Perrigo's dividend payout ratio is presently -200.00%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Canaccord Genuity Group reduced their price objective on Perrigo from $42.00 to $40.00 and set a "buy" rating on the stock in a report on Thursday, August 7th. Wall Street Zen raised Perrigo from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Finally, JPMorgan Chase & Co. lowered their price target on Perrigo from $38.00 to $35.00 and set an "overweight" rating for the company in a research report on Thursday, August 7th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $33.00.

Check Out Our Latest Analysis on Perrigo

Institutional Trading of Perrigo

A number of hedge funds and other institutional investors have recently made changes to their positions in PRGO. Diamond Hill Capital Management Inc. boosted its holdings in Perrigo by 0.6% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 1,894,739 shares of the company's stock valued at $53,128,000 after purchasing an additional 11,256 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Perrigo by 0.3% during the 1st quarter. Principal Financial Group Inc. now owns 313,849 shares of the company's stock valued at $8,800,000 after buying an additional 914 shares during the period. D.A. Davidson & CO. purchased a new stake in Perrigo during the 1st quarter worth $1,619,000. GAMMA Investing LLC boosted its position in Perrigo by 91.9% during the 1st quarter. GAMMA Investing LLC now owns 3,685 shares of the company's stock worth $103,000 after purchasing an additional 1,765 shares during the period. Finally, Beach Investment Counsel Inc. PA purchased a new position in Perrigo in the 1st quarter valued at about $1,526,000. Institutional investors and hedge funds own 95.91% of the company's stock.

About Perrigo

(Get 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.

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