Boltwood Capital Management Takes Position in Allergan plc (AGN)

Boltwood Capital Management bought a new position in Allergan plc (NYSE:AGN) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 3,915 shares of the company’s stock, valued at approximately $935,000.

A number of other institutional investors also recently modified their holdings of AGN. Sunbelt Securities Inc. acquired a new stake in Allergan plc during the fourth quarter worth approximately $107,000. First Interstate Bank raised its stake in Allergan plc by 1,731.4% in the fourth quarter. First Interstate Bank now owns 641 shares of the company’s stock worth $135,000 after buying an additional 606 shares in the last quarter. Massey Quick & Co. LLC acquired a new stake in Allergan plc during the fourth quarter worth approximately $136,000. Citizens Financial Group Inc RI raised its stake in Allergan plc by 133.9% in the third quarter. Citizens Financial Group Inc RI now owns 601 shares of the company’s stock worth $138,000 after buying an additional 344 shares in the last quarter. Finally, Trust Co. of Vermont raised its stake in Allergan plc by 17.1% in the third quarter. Trust Co. of Vermont now owns 638 shares of the company’s stock worth $147,000 after buying an additional 93 shares in the last quarter. Hedge funds and other institutional investors own 86.40% of the company’s stock.

Institutional Ownership by Quarter for Allergan plc (NYSE:AGN)

Shares of Allergan plc (NYSE:AGN) traded down 0.63% during midday trading on Friday, hitting $236.45. The company had a trading volume of 1,243,033 shares. Allergan plc has a 52 week low of $184.50 and a 52 week high of $261.27. The firm’s 50 day moving average is $238.85 and its 200 day moving average is $221.59. The company has a market capitalization of $79.26 billion, a P/E ratio of 6.19 and a beta of 1.07.

Allergan plc (NYSE:AGN) last announced its earnings results on Wednesday, February 8th. The company reported $3.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.76 by $0.14. The company earned $3.86 billion during the quarter, compared to the consensus estimate of $3.77 billion. Allergan plc had a net margin of 100.04% and a return on equity of 7.21%. Allergan plc’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm earned $3.41 earnings per share. Equities research analysts anticipate that Allergan plc will post $16.03 EPS for the current year.

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A number of brokerages recently issued reports on AGN. Citigroup Inc reissued a “focus list” rating and issued a $261.27 target price (up previously from $184.50) on shares of Allergan plc in a research report on Friday. Sanford C. Bernstein set a $275.00 target price on Allergan plc and gave the company a “buy” rating in a research report on Sunday, December 25th. Royal Bank of Canada set a $279.00 target price on Allergan plc and gave the company a “buy” rating in a research report on Wednesday, April 12th. Mizuho reaffirmed a “buy” rating and set a $273.00 price target on shares of Allergan plc in a research report on Friday, January 6th. Finally, 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. Five analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Allergan plc currently has a consensus rating of “Buy” and an average target price of $266.16.

In other Allergan plc news, Director Paul Bisaro sold 70,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $246.68, for a total value of $17,267,600.00. Following the completion of the sale, the director now directly owns 274,226 shares in the company, valued at $67,646,069.68. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.27% of the stock is owned by company insiders.

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.

5 Day Chart for NYSE:AGN

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