Perrigo Company PLC (NYSE:PRGO) Position Boosted by Dimensional Fund Advisors LP

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Dimensional Fund Advisors LP raised its position in shares of Perrigo Company PLC (NYSE:PRGO) by 14.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 922,115 shares of the company’s stock after purchasing an additional 117,664 shares during the period. Dimensional Fund Advisors LP owned 0.67% of Perrigo worth $76,849,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. TIAA CREF Investment Management LLC lifted its position in shares of Perrigo by 25.4% during the fourth quarter. TIAA CREF Investment Management LLC now owns 409,330 shares of the company’s stock worth $35,677,000 after acquiring an additional 82,848 shares in the last quarter. Financial Sense Advisors Inc. lifted its position in shares of Perrigo by 4.7% during the fourth quarter. Financial Sense Advisors Inc. now owns 35,477 shares of the company’s stock worth $3,092,000 after acquiring an additional 1,600 shares in the last quarter. OppenheimerFunds Inc. lifted its position in shares of Perrigo by 14.6% during the fourth quarter. OppenheimerFunds Inc. now owns 8,900 shares of the company’s stock worth $776,000 after acquiring an additional 1,131 shares in the last quarter. BlackRock Inc. lifted its position in shares of Perrigo by 1.0% during the first quarter. BlackRock Inc. now owns 8,682,619 shares of the company’s stock worth $723,608,000 after acquiring an additional 82,207 shares in the last quarter. Finally, 13D Management LLC lifted its position in shares of Perrigo by 4.3% during the fourth quarter. 13D Management LLC now owns 134,998 shares of the company’s stock worth $11,766,000 after acquiring an additional 5,624 shares in the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

In other Perrigo news, Director Jeffrey C. Smith bought 50,000 shares of the business’s stock in a transaction that occurred on Thursday, May 17th. The shares were bought at an average cost of $75.89 per share, with a total value of $3,794,500.00. Following the completion of the purchase, the director now directly owns 528 shares of the company’s stock, valued at $40,069.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey C. Smith bought 250,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 15th. The stock was acquired at an average cost of $75.21 per share, for a total transaction of $18,802,500.00. Following the completion of the purchase, the director now directly owns 528 shares of the company’s stock, valued at $39,710.88. The disclosure for this purchase can be found here. 6.90% of the stock is currently owned by company insiders.

A number of brokerages recently issued reports on PRGO. Canaccord Genuity set a $105.00 price objective on Perrigo and gave the stock a “buy” rating in a research report on Monday, March 26th. ValuEngine upgraded Perrigo from a “sell” rating to a “hold” rating in a research report on Tuesday, May 29th. Cantor Fitzgerald set a $107.00 price objective on Perrigo and gave the stock a “buy” rating in a research report on Monday, May 14th. TheStreet downgraded Perrigo from a “c-” rating to a “d+” rating in a research report on Thursday, May 31st. Finally, Oppenheimer set a $98.00 price objective on Perrigo and gave the stock a “buy” rating in a research report on Monday, March 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. Perrigo has an average rating of “Hold” and an average price target of $93.69.

Perrigo opened at $75.66 on Friday, according to MarketBeat.com. Perrigo Company PLC has a 52 week low of $63.68 and a 52 week high of $95.93. The firm has a market capitalization of $10.43 billion, a P/E ratio of 14.63, a PEG ratio of 1.76 and a beta of 0.76. The company has a current ratio of 2.08, a quick ratio of 1.48 and a debt-to-equity ratio of 0.53.

Perrigo (NYSE:PRGO) last announced its quarterly earnings data on Tuesday, May 8th. The company reported $1.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.12. Perrigo had a return on equity of 11.93% and a net margin of 2.59%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same period last year, the firm earned $1.05 earnings per share. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. sell-side analysts anticipate that Perrigo Company PLC will post 5.27 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 19th. Stockholders of record on Friday, June 1st were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, May 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.00%. Perrigo’s dividend payout ratio (DPR) is currently 15.42%.

Perrigo Profile

Perrigo Company plc, a healthcare company, manufactures and supplies over-the-counter (OTC) healthcare products, infant formulas, branded OTC products, and generic pharmaceutical products worldwide. The company operates through Consumer Healthcare Americas, Consumer Healthcare International, and Prescription Pharmaceuticals segments.

Institutional Ownership by Quarter for Perrigo (NYSE:PRGO)

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