Victory Capital Management Inc. reduced its position in shares of Perrigo Company plc (NYSE: PRGO – Get Rating) by 19.0% in Q1, according to its latest disclosure to the Securities & Exchange Commission. The company held 317,269 shares of the company after selling 74,339 shares during the quarter. Victory Capital Management Inc. owned 0.24% of Perrigo worth $12,042,000 when it last filed with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of PRGO. Commonwealth Equity Services LLC increased its position in Perrigo shares by 5.6% during the first quarter. Commonwealth Equity Services LLC now owns 30,806 shares of the company worth $1,183,000 after purchasing an additional 1,645 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Perrigo shares by 60.4% during the first quarter. Envestnet Asset Management Inc. now owns 336,739 shares of the company worth $12,941,000 after purchasing an additional 126,810 shares in the last quarter. Versor Investments LP purchased a new stake in Perrigo stock during the first quarter at a value of $454,000. Factorial Partners LLC increased its equity stake in Perrigo by 62.2% in the first quarter. Factorial Partners LLC now owns 44,600 shares of the company valued at $1,714,000 after acquiring an additional 17,100 shares in the last quarter. Finally, DAVENPORT & Co LLC increased its equity stake in Perrigo by 43.5% in the first quarter. DAVENPORT & Co LLC now owns 2,461,615 shares of the company valued at $94,324,000 after acquiring an additional 746,792 shares last quarter. 91.25% of the shares are held by hedge funds and other institutional investors.
Perrigo share performance
PRGO stock opened at $42.98 on Friday. The company has a debt ratio of 0.69, a current ratio of 4.01 and a quick ratio of 2.97. The company has a 50-day moving average price of $40.57 and a 200-day moving average price of $38.12. The company has a market capitalization of $5.78 billion, a P/E ratio of -66.12 and a beta of 0.90. Perrigo Company plc has a 1-year low of $31.32 and a 1-year high of $50.90.
Perrigo (NYSE:PRGO – Get Rating) last released its quarterly earnings data on Wednesday, May 11. The company reported earnings per share of $0.33 for the quarter, missing the consensus estimate of $0.42 per ($0.09). The company posted revenue of $1.07 billion in the quarter, versus a consensus estimate of $1.06 billion. Perrigo had a negative net margin of 2.07% and a positive return on equity of 4.88%. In the same quarter of the previous year, the company had earned earnings per share of $0.50. As a group, equity research analysts expect Perrigo Company plc to post EPS of 2.28 for the current financial year.
Perrigo dividend announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 20. Investors of record on Friday, September 2 will receive a dividend of $0.26. The ex-dividend date is Thursday, September 1. This represents an annualized dividend of $1.04 and a dividend yield of 2.42%. Perrigo’s payout ratio is currently -160.00%.
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Perrigo Company plc provides over-the-counter health and wellness solutions that improve individual well-being by enabling consumers to prevent or treat conditions that can be self-managed. The Company operates through two segments, Consumer Self-Care Americas and Consumer Self-Care International.
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