Allergan plc (NYSE:AGN) was the recipient of some unusual options trading activity on Friday. Investors acquired 2,693 call options on the company. This is an increase of 318% compared to the typical daily volume of 644 call options.
In other Allergan plc news, Director Paul Bisaro sold 70,000 shares of Allergan plc stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $246.68, for a total transaction of $17,267,600.00. Following the transaction, the director now directly owns 274,226 shares of the company’s stock, valued at $67,646,069.68. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Nesli Basgoz sold 1,889 shares of Allergan plc stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $220.45, for a total transaction of $416,430.05. The disclosure for this sale can be found here. Insiders own 0.27% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AGN. Crestwood Advisors Group LLC bought a new position in Allergan plc during the first quarter valued at about $103,000. Sunbelt Securities Inc. purchased a new position in Allergan plc during the fourth quarter valued at about $107,000. Feltz Wealth PLAN Inc. purchased a new position in Allergan plc during the first quarter valued at about $107,000. Enterprise Financial Services Corp boosted its position in Allergan plc by 62.7% in the first quarter. Enterprise Financial Services Corp now owns 462 shares of the company’s stock valued at $110,000 after buying an additional 178 shares in the last quarter. Finally, JNBA Financial Advisors boosted its position in Allergan plc by 2.5% in the first quarter. JNBA Financial Advisors now owns 487 shares of the company’s stock valued at $116,000 after buying an additional 12 shares in the last quarter. Hedge funds and other institutional investors own 86.40% of the company’s stock.
A number of research analysts have weighed in on AGN shares. Vetr cut shares of Allergan plc from a “buy” rating to a “hold” rating and set a $228.27 price target on the stock. in a research report on Wednesday, February 1st. Leerink Swann set a $271.00 price target on shares of Allergan plc and gave the company a “buy” rating in a research report on Thursday, February 2nd. Mizuho reaffirmed a “buy” rating and set a $275.00 price target (up from $273.00) on shares of Allergan plc in a research report on Tuesday, February 7th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $274.00 price target on shares of Allergan plc in a research report on Tuesday, February 14th. Finally, Royal Bank of Canada set a $279.00 price target on shares of Allergan plc and gave the company a “buy” rating in a research report on Tuesday, February 14th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Allergan plc presently has a consensus rating of “Buy” and an average target price of $267.21.
Shares of Allergan plc (NYSE:AGN) traded down 0.42% during mid-day trading on Friday, hitting $223.42. 749,217 shares of the company were exchanged. The stock’s 50-day moving average price is $234.61 and its 200 day moving average price is $223.27. Allergan plc has a 12-month low of $184.50 and a 12-month high of $261.27. The stock has a market cap of $75.04 billion, a PE ratio of 6.96 and a beta of 1.07.
Allergan plc (NYSE:AGN) last issued its earnings results on Tuesday, May 9th. The company reported $3.35 EPS for the quarter, beating analysts’ consensus estimates of $3.32 by $0.03. The business had revenue of $3.57 billion during the quarter, compared to analyst estimates of $3.53 billion. Allergan plc had a return on equity of 7.21% and a net margin of 100.04%. Allergan plc’s revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the company posted $3.04 earnings per share. On average, equities analysts anticipate that Allergan plc will post $16.11 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, May 18th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, May 16th. This represents a $2.80 annualized dividend and a yield of 1.25%.
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About Allergan plc
Allergan, Inc is a multi-specialty healthcare company. The Company focuses on developing and commercializing pharmaceuticals, biologics, medical devices and over-the-counter (OTC) products. It discovers, develops and commercializes a range of products for the ophthalmic, neurological, medical aesthetics, medical dermatology, breast aesthetics, urological and other specialty markets.
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