Traders sold shares of Allergan PLC. (NYSE:AGN) on strength during trading hours on Friday. $164.51 million flowed into the stock on the tick-up and $242.18 million flowed out of the stock on the tick-down, for a money net flow of $77.67 million out of the stock. Of all companies tracked, Allergan PLC. had the 5th highest net out-flow for the day. Allergan PLC. traded up $5.62 for the day and closed at $233.55

Several research firms have recently issued reports on AGN. UBS AG reiterated a “buy” rating and set a $275.00 target price on shares of Allergan PLC. in a report on Monday, May 15th. Vetr raised shares of Allergan PLC. from a “sell” rating to a “hold” rating and set a $242.88 price target for the company in a research report on Monday, June 26th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $280.00 target price (up previously from $270.00) on shares of Allergan PLC. in a research report on Wednesday, August 9th. Royal Bank Of Canada set a $284.00 target price on shares of Allergan PLC. and gave the stock a “buy” rating in a research report on Sunday, July 16th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $273.00 target price (up previously from $265.00) on shares of Allergan PLC. in a research report on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $275.49.

The stock has a market cap of $78.08 billion, a P/E ratio of 7.12 and a beta of 1.18. The company has a 50-day moving average price of $236.06 and a 200 day moving average price of $237.31.

Allergan PLC. (NYSE:AGN) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $4.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.95 by $0.07. The business had revenue of $4.01 billion for the quarter, compared to analyst estimates of $3.95 billion. Allergan PLC. had a net margin of 79.17% and a return on equity of 7.37%. The company’s revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm posted $3.35 EPS. On average, analysts predict that Allergan PLC. will post $16.27 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 18th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.80 annualized dividend and a yield of 1.20%. Allergan PLC.’s payout ratio is 9.95%.

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Allergan PLC. by 2.2% during the second quarter. Vanguard Group Inc. now owns 22,835,689 shares of the company’s stock worth $5,551,128,000 after buying an additional 482,220 shares in the last quarter. Northern Trust Corp lifted its stake in Allergan PLC. by 8.8% during the second quarter. Northern Trust Corp now owns 4,492,944 shares of the company’s stock worth $1,092,189,000 after purchasing an additional 364,722 shares during the last quarter. Veritas Asset Management LLP bought a new position in Allergan PLC. during the first quarter worth $761,339,000. Edgewood Management LLC lifted its stake in Allergan PLC. by 7.0% during the first quarter. Edgewood Management LLC now owns 2,704,211 shares of the company’s stock worth $646,090,000 after purchasing an additional 178,055 shares during the last quarter. Finally, Epoch Investment Partners Inc. lifted its stake in Allergan PLC. by 3.8% during the first quarter. Epoch Investment Partners Inc. now owns 2,013,415 shares of the company’s stock worth $481,045,000 after purchasing an additional 73,081 shares during the last quarter. 82.06% of the stock is owned by institutional investors.

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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.