GWM Advisors LLC Takes $341,000 Position in Allergan plc (AGN)

GWM Advisors LLC acquired a new stake in Allergan plc (NYSE:AGN) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 2,000 shares of the company’s stock, valued at approximately $341,000.

A number of other institutional investors also recently added to or reduced their stakes in AGN. Cable Hill Partners LLC boosted its position in Allergan by 255.2% in the 3rd quarter. Cable Hill Partners LLC now owns 515 shares of the company’s stock valued at $106,000 after buying an additional 370 shares during the period. Rockefeller Financial Services Inc. boosted its position in Allergan by 283.7% in the 3rd quarter. Rockefeller Financial Services Inc. now owns 541 shares of the company’s stock valued at $111,000 after buying an additional 400 shares during the period. BB&T Investment Services Inc. boosted its position in Allergan by 1,308.2% in the 3rd quarter. BB&T Investment Services Inc. now owns 690 shares of the company’s stock valued at $139,000 after buying an additional 641 shares during the period. Phocas Financial Corp. purchased a new stake in Allergan in the 2nd quarter valued at about $150,000. Finally, Acropolis Investment Management LLC purchased a new stake in Allergan in the 4th quarter valued at about $153,000. 79.76% of the stock is owned by institutional investors.

Allergan plc (NYSE AGN) opened at $164.04 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.88 and a current ratio of 2.04. The company has a market cap of $54,556.91, a P/E ratio of -12.22, a P/E/G ratio of 1.16 and a beta of 1.19. Allergan plc has a 52 week low of $156.00 and a 52 week high of $256.80.

Allergan (NYSE:AGN) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $4.86 EPS for the quarter, topping the consensus estimate of $4.74 by $0.12. The firm had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.28 billion. Allergan had a negative net margin of 26.32% and a positive return on equity of 8.28%. Allergan’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.90 EPS. analysts forecast that Allergan plc will post 15.57 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, February 28th will be paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Tuesday, February 27th. This is a positive change from Allergan’s previous quarterly dividend of $0.70. Allergan’s payout ratio is -20.86%.

In other news, Director Christopher J. Coughlin acquired 10,000 shares of Allergan stock in a transaction that occurred on Tuesday, December 5th. The stock was purchased at an average price of $163.30 per share, for a total transaction of $1,633,000.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider William Meury sold 11,807 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $173.89, for a total transaction of $2,053,119.23. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 17,630 shares of company stock valued at $2,890,057. 0.36% of the stock is currently owned by company insiders.

AGN has been the subject of several research reports. Cantor Fitzgerald set a $191.00 price objective on shares of Allergan and gave the company a “hold” rating in a research report on Tuesday, December 12th. Vetr cut shares of Allergan from a “hold” rating to a “sell” rating and set a $180.97 price objective for the company. in a research report on Monday, January 22nd. Bank of America boosted their price objective on shares of Allergan from $208.00 to $215.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Deutsche Bank reissued a “buy” rating and issued a $215.00 price objective on shares of Allergan in a research report on Tuesday, January 9th. Finally, ValuEngine cut shares of Allergan from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company. Allergan has a consensus rating of “Buy” and an average target price of $227.23.

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About Allergan

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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Institutional Ownership by Quarter for Allergan (NYSE:AGN)

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