Puzo Michael J decreased its position in Perrigo Company (NYSE:PRGO) by 33.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,100 shares of the company’s stock after selling 3,110 shares during the period. Puzo Michael J’s holdings in Perrigo Company were worth $563,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the company. Cornerstone Capital Management LLC boosted its stake in Perrigo Company by 4.0% in the second quarter. Cornerstone Capital Management LLC now owns 547,968 shares of the company’s stock valued at $49,684,000 after buying an additional 20,896 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Perrigo Company during the second quarter valued at about $210,657,000. Huntington National Bank boosted its stake in Perrigo Company by 14.6% in the second quarter. Huntington National Bank now owns 3,084 shares of the company’s stock valued at $280,000 after buying an additional 394 shares during the period. Sumitomo Mitsui Asset Management Company LTD boosted its stake in Perrigo Company by 0.4% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 11,026 shares of the company’s stock valued at $999,000 after buying an additional 44 shares during the period. Finally, Kornitzer Capital Management Inc. KS boosted its stake in Perrigo Company by 21.6% in the second quarter. Kornitzer Capital Management Inc. KS now owns 55,460 shares of the company’s stock valued at $5,029,000 after buying an additional 9,850 shares during the period. Hedge funds and other institutional investors own 69.65% of the company’s stock.
Shares of Perrigo Company (NYSE:PRGO) opened at 79.40 on Monday. Perrigo Company has a one year low of $71.84 and a one year high of $146.16. The firm’s 50-day moving average price is $79.16 and its 200-day moving average price is $86.80. The stock’s market capitalization is $11.38 billion.
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Several equities research analysts have issued reports on PRGO shares. RBC Capital Markets set a $92.00 target price on Perrigo Company and gave the stock a “hold” rating in a research note on Monday, October 24th. Goldman Sachs Group, Inc. (The) reissued a “sell” rating on shares of Perrigo Company in a research note on Monday, January 30th. Guggenheim reissued a “buy” rating and set a $125.00 target price on shares of Perrigo Company in a research note on Tuesday, January 24th. Bank of America Corporation raised Perrigo Company from an “underperform” rating to a “neutral” rating in a research note on Friday, November 11th. Finally, Jefferies Group LLC cut their target price on Perrigo Company from $84.00 to $70.00 and set a “hold” rating for the company in a research note on Monday, January 23rd. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the company. Perrigo Company has an average rating of “Hold” and an average price target of $100.10.
In related news, EVP Judy L. Brown sold 2,097 shares of the business’s stock in a transaction that occurred on Friday, November 25th. The stock was sold at an average price of $89.44, for a total transaction of $187,555.68. Following the sale, the executive vice president now owns 10,007 shares of the company’s stock, valued at $895,026.08. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Geoffrey M. Parker bought 2,500 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The shares were purchased at an average cost of $88.75 per share, for a total transaction of $221,875.00. The disclosure for this purchase can be found here. Insiders own 4.47% of the company’s stock.
Perrigo Company Company Profile
Perrigo Company plc is a global healthcare supplier that develops, manufactures and distributes over-the-counter (OTC) and generic prescription (Rx) pharmaceuticals, infant formulas, nutritional products, animal health, dietary supplements, active pharmaceutical ingredients (API), and medical diagnostic products, and Multiple Sclerosis drug Tysabri.
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