Perrigo Company plc Ordinary Sh (NYSE:PRGO) has been the object of insider selling activity recently. EVP and CIO Thomas Farrington sold 1,110 shares at an average price of $96.76 on September 26th. That brings Farrington’s holdings to $287,377 as reported to the SEC. Yesterday Director Gary K. Jr Kunkle disclosed the sale of 5,814 shares. The shares were sold on September 9th for an average price of $89.95. The Director now owns $2,310,546 of the stock per the Form 4 SEC filing.
Judy L. Brown, Executive VP & CFO reported the sale of 2,776 shares of PRGO stock. The shares were purchased at an average price of $126.22. Brown now owns $1,568,788 of the stock according to the SEC filing.
The following firms have also recently changed their position in PRGO. Evercore Wealth Management, LLC downsized its investment by shedding 784 shares a decrease of 94.6% as of 06/30/2016. Evercore Wealth Management, LLC owns 45 shares valued at $4,000. The total value of its holdings decreased 96.2%. BNP Paribas Investment Partners S.A. grew its ownership by buying 7,502 shares an increase of 97.4% from 12/31/2015 to 06/30/2016. BNP Paribas Investment Partners S.A. now holds 15,201 shares with a value of $1,378,000. The value of the position overall is up by 23.7%.
As of quarter end Twin Tree Management, Lp had acquired 11,500 shares growing its position 75.7%. The value of the investment in (PRGO) went from $2,333,000 to $4,010,000 increasing 71.9% since the last quarter. As of the end of the quarter Nomura Holdings Inc had bought a total of 28,757 shares growing its stake by 2,313.5%. The value of the investment in PRGO increased from $160,000 to $2,722,000 a change of $2,562,000 for the reporting period.
On July 22 the company was upgraded from “Market Perform” to “Buy” in a statement from Deutsche Bank. On June 20 the stock rating was downgraded to “Hold” from “Buy” with a current price target of $97.00 by Argus Research.
Equity analyst Argus Research downgraded the stock and lowered the price target on June 20 changing the price target from $160.00 to $97.00 and changing the rating from “Buy” to “Hold”. On May 13 Jefferies kept the stock rating at “Hold” and lowered the price target to $97.00 from $120.00.
On April 26 the stock rating was downgraded from “Buy” to “Overweight” and a price target of $120.00 was set in a report issued by Jefferies. Jefferies lowered the price target and downgraded the stock on April 26 cutting the price target from $209.00 to $120.00 and moving the rating from “Buy” to “Overweight”.
The company is so far trading up since yesterday’s close of $96.77. Perrigo Company plc Ordinary Sh also recently declared a dividend paid on Tuesday September 13th, 2016. The dividend payment was $0.145 per share for the quarter which is $0.58 annualized. This dividend represents a yield of $0.60. The ex-dividend date was set for Wednesday the 24th of August 2016.
Shares are trading at $97.55 barely above the 50 day moving average of $91.52 and a tad under the 200 day moving average of $101.09. The 50 day moving average moved up $5.46 and the 200 day average went down by -4.07%.
As of the last earnings report the EPS was $-0.62 and is expected to be $7.06 for the current year with 143,280,000 shares now outstanding. Analysts expect next quarter’s EPS will be $1.73 with next year’s EPS projected to be $7.71.