6.8% Stake of Teva Pharmaceutical Industries Ltd (TEVA) Owned by Allergan Plc

Allergan Plc

recently stated that they own a 6.8% stake in Teva Pharmaceutical Industries Ltd (NYSE:TEVA) in a Form 13D/A disclosure that was filed with the Securities and Exchange Commission on Friday, January 12th. The investor owns 68,741,067 shares of the stock worth $1,542,549,543. The reporting parties listed on the disclosure included Allergan Holdings B1, Inc, Allergan WC Holding Inc, Warner Chilcott Limited, Allergan WC Holdings Ireland Limited (formerly known as Warner and Allergan plc. The disclosure is available through the SEC website at this hyperlink.

A number of other institutional investors have also added to or reduced their stakes in the business. Exane Derivatives purchased a new stake in Teva Pharmaceutical Industries during the 3rd quarter worth about $571,000. Korea Investment CORP increased its position in Teva Pharmaceutical Industries by 14.3% during the 3rd quarter. Korea Investment CORP now owns 244,774 shares of the company’s stock worth $4,308,000 after purchasing an additional 30,674 shares in the last quarter. Private Capital Management Inc. increased its position in Teva Pharmaceutical Industries by 51.3% during the 3rd quarter. Private Capital Management Inc. now owns 26,100 shares of the company’s stock worth $459,000 after purchasing an additional 8,850 shares in the last quarter. Financial Counselors Inc. increased its position in Teva Pharmaceutical Industries by 28.8% during the 3rd quarter. Financial Counselors Inc. now owns 181,130 shares of the company’s stock worth $3,188,000 after purchasing an additional 40,531 shares in the last quarter. Finally, Lockheed Martin Investment Management Co. purchased a new stake in Teva Pharmaceutical Industries during the 3rd quarter worth about $317,000. 51.98% of the stock is owned by institutional investors.

TEVA has been the subject of several recent analyst reports. Goldman Sachs Group upgraded Teva Pharmaceutical Industries from a “neutral” rating to a “buy” rating and set a $20.00 price target for the company in a report on Friday, December 15th. Credit Suisse Group restated an “underperform” rating and issued a $8.00 price target (down previously from $14.00) on shares of Teva Pharmaceutical Industries in a report on Monday, November 6th. Cantor Fitzgerald set a $18.00 price target on Teva Pharmaceutical Industries and gave the company a “hold” rating in a report on Thursday, December 28th. Royal Bank of Canada lowered their price target on Teva Pharmaceutical Industries from $21.00 to $15.00 and set an “underperform” rating for the company in a report on Monday, September 18th. Finally, Wells Fargo & Co restated a “market perform” rating on shares of Teva Pharmaceutical Industries in a report on Thursday, October 5th. Seven research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $21.17.

Teva Pharmaceutical Industries Ltd (NYSE TEVA) opened at $22.44 on Friday. The company has a market capitalization of $22,090.00, a P/E ratio of -3.82, a P/E/G ratio of 1.36 and a beta of 0.54. The company has a current ratio of 0.96, a quick ratio of 0.66 and a debt-to-equity ratio of 1.20. Teva Pharmaceutical Industries Ltd has a 52-week low of $10.85 and a 52-week high of $37.94.

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Teva Pharmaceutical Industries Company Profile

Teva Pharmaceutical Industries Limited is a pharmaceutical company. The Company is engaged in developing, producing and marketing generic medicines and a portfolio of specialty medicines. The Company operates through two segments: Generic medicines and Specialty medicines. The Company develops, manufactures and sells generic medicines in a range of dosage forms, including tablets, capsules, injectables, inhalants, liquids, ointments and creams.

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Institutional Ownership by Quarter for Teva Pharmaceutical Industries (NYSE:TEVA)

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