Valeo Financial Advisors LLC acquired a new stake in Novartis AG (NYSE:NVS) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 5,663 shares of the company’s stock, valued at approximately $486,000.

Other large investors have also recently modified their holdings of the company. Farr Miller & Washington LLC DC raised its position in shares of Novartis by 0.3% during the 2nd quarter. Farr Miller & Washington LLC DC now owns 2,959 shares of the company’s stock worth $247,000 after buying an additional 10 shares in the last quarter. FCG Advisors LLC raised its position in shares of Novartis by 0.3% during the 2nd quarter. FCG Advisors LLC now owns 4,271 shares of the company’s stock worth $357,000 after buying an additional 12 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of Novartis by 0.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 4,492 shares of the company’s stock worth $375,000 after buying an additional 31 shares in the last quarter. Brookstone Capital Management raised its position in shares of Novartis by 1.1% during the 2nd quarter. Brookstone Capital Management now owns 2,930 shares of the company’s stock worth $245,000 after buying an additional 31 shares in the last quarter. Finally, Newman Dignan & Sheerar Inc. raised its position in shares of Novartis by 1.0% during the 2nd quarter. Newman Dignan & Sheerar Inc. now owns 4,027 shares of the company’s stock worth $336,000 after buying an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 10.87% of the company’s stock.

A number of analysts have commented on NVS shares. Zacks Investment Research upgraded shares of Novartis from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a research report on Tuesday, September 19th. BidaskClub upgraded shares of Novartis from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Leerink Swann boosted their price target on shares of Novartis from $89.00 to $91.00 and gave the stock a “market perform” rating in a research report on Monday, October 23rd. Finally, J P Morgan Chase & Co restated a “neutral” rating on shares of Novartis in a research report on Tuesday, October 10th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $85.32.

Shares of Novartis AG (NYSE:NVS) traded down $0.16 on Tuesday, hitting $83.80. 1,126,400 shares of the stock traded hands, compared to its average volume of 2,259,253. The firm has a market cap of $198,615.36, a PE ratio of 17.68, a P/E/G ratio of 2.67 and a beta of 0.73. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.08 and a quick ratio of 0.81. Novartis AG has a 12 month low of $69.01 and a 12 month high of $86.90.

Novartis (NYSE:NVS) last announced its quarterly earnings data on Tuesday, October 24th. The company reported $1.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.04. The company had revenue of $12.41 billion for the quarter, compared to analysts’ expectations of $12.21 billion. Novartis had a net margin of 13.73% and a return on equity of 15.77%. The business’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.23 EPS. equities research analysts forecast that Novartis AG will post 4.75 earnings per share for the current fiscal year.

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About Novartis

Novartis AG is a holding company, which provides healthcare solutions. The Company is engaged in the research, development, manufacturing and marketing of a range of healthcare products led by pharmaceuticals. The Company’s segments include Innovative Medicines, Sandoz, Alcon and Corporate activities.

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Institutional Ownership by Quarter for Novartis (NYSE:NVS)

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