Philadelphia Trust Company Lowered Perrigo Co Plc (PRGO) Position by $3.51 Million as Share Price Declined

April 23, 2018 - By Maria Brooks

Perrigo Company plc (NYSE:PRGO) LogoInvestors sentiment increased to 1.07 in 2017 Q4. Its up 0.28, from 0.79 in 2017Q3. It is positive, as 43 investors sold PRGO shares while 126 reduced holdings. 73 funds opened positions while 107 raised stakes. 102.69 million shares or 8.39% less from 112.10 million shares in 2017Q3 were reported. Ellington Management Grp Inc Limited Company owns 7,900 shares for 0.11% of their portfolio. Caisse De Depot Et Placement Du Quebec owns 7,921 shares. Shufro Rose & Ltd Liability Corporation reported 5,354 shares. Art Advsr Limited Liability invested in 0.15% or 38,000 shares. Nelson Van Denburg Campbell Wealth Mngmt Group Inc Ltd holds 8 shares. Paloma Partners has 0.01% invested in Perrigo Company plc (NYSE:PRGO) for 10,175 shares. New Mexico Educational Retirement Board accumulated 0.04% or 12,700 shares. Proshare Ltd Liability Co stated it has 20,962 shares or 0.01% of all its holdings. Piedmont Inv Advsrs Ltd Limited Liability Company stated it has 17,313 shares or 0.03% of all its holdings. Qs Investors Ltd Liability has invested 0.01% in Perrigo Company plc (NYSE:PRGO). New York-based Amalgamated Bank has invested 0.04% in Perrigo Company plc (NYSE:PRGO). Earnest Prtnrs Ltd Limited Liability Company holds 0% or 61 shares in its portfolio. Quinn Opportunity Partners Ltd Liability stated it has 0.17% of its portfolio in Perrigo Company plc (NYSE:PRGO). Silvercrest Asset Mngmt Group Inc Ltd has 87,857 shares. Numeric Limited Company stated it has 3,800 shares or 0% of all its holdings.

Philadelphia Trust Company decreased its stake in Perrigo Co Plc (PRGO) by 46.07% based on its latest 2017Q4 regulatory filing with the SEC. Philadelphia Trust Company sold 40,291 shares as the company’s stock declined 5.84% with the market. The institutional investor held 47,169 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $4.11M, down from 87,460 at the end of the previous reported quarter. Philadelphia Trust Company who had been investing in Perrigo Co Plc for a number of months, seems to be less bullish one the $11.55 billion market cap company. The stock increased 0.51% or $0.42 during the last trading session, reaching $81.96. About 228,940 shares traded. Perrigo Company plc (NYSE:PRGO) has risen 18.43% since April 23, 2017 and is uptrending. It has outperformed by 6.88% the S&P500.

Philadelphia Trust Company, which manages about $1.27B US Long portfolio, upped its stake in Emerson Electric (NYSE:EMR) by 162,354 shares to 181,268 shares, valued at $12.63 million in 2017Q4, according to the filing. It also increased its holding in Abb Ltd. (NYSE:ABB) by 118,875 shares in the quarter, for a total of 1.08 million shares, and has risen its stake in Dowdupont Inc.

Analysts await Perrigo Company plc (NYSE:PRGO) to report earnings on May, 29. They expect $1.14 EPS, up 8.57 % or $0.09 from last year’s $1.05 per share. PRGO’s profit will be $160.58 million for 17.97 P/E if the $1.14 EPS becomes a reality. After $1.28 actual EPS reported by Perrigo Company plc for the previous quarter, Wall Street now forecasts -10.94 % negative EPS growth.

Perrigo Company plc (NYSE:PRGO) Ratings Coverage

Among 11 analysts covering Perrigo Company plc (NYSE:PRGO), 6 have Buy rating, 0 Sell and 5 Hold. Therefore 55% are positive. Perrigo Company plc had 14 analyst reports since October 27, 2017 according to SRatingsIntel. On Friday, March 2 the stock rating was maintained by Cantor Fitzgerald with “Buy”. The firm earned “Hold” rating on Sunday, March 4 by RBC Capital Markets. The firm has “Buy” rating given on Monday, March 5 by Oppenheimer. Cantor Fitzgerald maintained Perrigo Company plc (NYSE:PRGO) on Wednesday, November 15 with “Buy” rating. The stock of Perrigo Company plc (NYSE:PRGO) has “Hold” rating given on Thursday, November 9 by Jefferies. The rating was maintained by Morgan Stanley with “Equal-Weight” on Friday, November 10. The stock of Perrigo Company plc (NYSE:PRGO) has “Buy” rating given on Friday, December 8 by Argus Research. As per Friday, October 27, the company rating was maintained by Jefferies. The stock of Perrigo Company plc (NYSE:PRGO) has “Market Perform” rating given on Friday, November 10 by RBC Capital Markets. The rating was maintained by Canaccord Genuity on Tuesday, February 27 with “Buy”.

Perrigo Company plc (NYSE:PRGO) Ratings Chart

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