ETRADE Capital Management LLC Sells 1,830 Shares of Allergan plc (NYSE:AGN)by Mitch Edgeman
ETRADE Capital Management LLC cut its position in shares of Allergan plc (NYSE:AGN) by 36.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,173 shares of the company’s stock after selling 1,830 shares during the quarter. ETRADE Capital Management LLC’s holdings in Allergan were worth $562,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Wealth Quarterback LLC acquired a new stake in shares of Allergan during the 4th quarter valued at about $25,000. Golden State Wealth Management LLC bought a new stake in Allergan during the first quarter worth about $25,000. WASHINGTON TRUST Co bought a new position in Allergan in the 1st quarter valued at $25,000. Paragon Capital Management LLC bought a new stake in Allergan during the 1st quarter worth about $30,000. Finally, Ellevest Inc. raised its position in Allergan by 233.3% in the 1st quarter. Ellevest Inc. now owns 180 shares of the company’s stock worth $32,000 after purchasing an additional 126 shares during the last quarter. Hedge funds and other institutional investors own 83.91% of the company’s stock.
A number of equities analysts have issued reports on AGN shares. ValuEngine upgraded Allergan from a “sell” rating to a “hold” rating in a report on Tuesday, March 24th. Cfra lowered Allergan from a “buy” rating to a “hold” rating in a report on Wednesday, March 25th. Finally, SunTrust Banks cut Allergan from a “buy” rating to a “hold” rating and boosted their target price for the company from $191.00 to $193.00 in a research note on Tuesday, April 21st. Fourteen investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $183.73.
Shares of AGN stock opened at $193.02 on Monday. Allergan plc has a one year low of $114.27 and a one year high of $202.21. The business’s 50 day simple moving average is $185.22 and its 200 day simple moving average is $187.00. The stock has a market capitalization of $63.50 billion, a PE ratio of -12.07, a PEG ratio of 1.63 and a beta of 1.20. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.01 and a quick ratio of 0.84.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Thursday, April 16th will be paid a dividend of $0.74 per share. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $2.96 annualized dividend and a yield of 1.53%. Allergan’s dividend payout ratio is currently 16.78%.
Allergan Company Profile
Allergan plc, a pharmaceutical company, develops, manufactures, and commercializes branded pharmaceutical, device, biologic, surgical, and regenerative medicine products worldwide. The company operates in three segments: US Specialized Therapeutics, US General Medicine, and International. It offers a portfolio of products in various therapeutic areas, including medical aesthetics and dermatology, eye care, neuroscience, urology, gastrointestinal, women's health, and anti-infective therapeutic products.
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