RBF Capital LLC Takes Position in Allergan PLC. (AGN)

RBF Capital LLC acquired a new stake in Allergan PLC. (NYSE:AGN) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 7,000 shares of the company’s stock, valued at approximately $1,672,000.

Other large investors have also added to or reduced their stakes in the company. First Financial Equity Corporation acquired a new stake in Allergan PLC. during the first quarter valued at about $465,000. Altavista Wealth Management Inc. increased its stake in Allergan PLC. by 16.0% in the first quarter. Altavista Wealth Management Inc. now owns 16,105 shares of the company’s stock valued at $3,848,000 after buying an additional 2,223 shares in the last quarter. Covington Capital Management increased its stake in Allergan PLC. by 12.7% in the first quarter. Covington Capital Management now owns 24,818 shares of the company’s stock valued at $5,930,000 after buying an additional 2,788 shares in the last quarter. IHT Wealth Management LLC increased its stake in Allergan PLC. by 17.2% in the first quarter. IHT Wealth Management LLC now owns 4,084 shares of the company’s stock valued at $971,000 after buying an additional 600 shares in the last quarter. Finally, Private Advisory Group LLC acquired a new stake in Allergan PLC. during the first quarter valued at about $246,000. Institutional investors own 83.63% of the company’s stock.

Shares of Allergan PLC. (NYSE:AGN) traded down 0.35% during mid-day trading on Friday, hitting $223.99. 2,006,235 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $243.31 and a 200-day moving average price of $238.68. Allergan PLC. has a 52 week low of $184.50 and a 52 week high of $256.80. The company has a market capitalization of $74.88 billion, a price-to-earnings ratio of 6.82 and a beta of 1.16.

Allergan PLC. (NYSE:AGN) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $4.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.95 by $0.07. The company had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $3.95 billion. Allergan PLC. had a return on equity of 7.37% and a net margin of 79.17%. The business’s revenue was up 8.8% on a year-over-year basis. During the same period last year, the business earned $3.35 earnings per share. On average, equities analysts anticipate that Allergan PLC. will post $16.27 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 18th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.25%. Allergan PLC.’s payout ratio is presently 9.95%.

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Several equities research analysts have issued reports on the stock. BidaskClub downgraded shares of Allergan PLC. from a “hold” rating to a “sell” rating in a research note on Thursday. Argus reiterated a “buy” rating and set a $280.00 price objective on shares of Allergan PLC. in a research note on Monday, August 14th. UBS AG reissued an “outperform” rating and set a $275.00 target price on shares of Allergan PLC. in a research report on Wednesday, August 9th. Deutsche Bank AG reissued a “buy” rating and set a $278.00 target price (up from $273.00) on shares of Allergan PLC. in a research report on Wednesday, August 9th. Finally, Wells Fargo & Company reissued an “outperform” rating and set a $280.00 target price (up from $270.00) on shares of Allergan PLC. in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $275.49.

Allergan PLC. Company Profile

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.

Institutional Ownership by Quarter for Allergan PLC. (NYSE:AGN)

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