Boyd Watterson Asset Management LLC OH Invests $204,000 in Novartis AG (NYSE:NVS)
Boyd Watterson Asset Management LLC OH purchased a new stake in Novartis AG (NYSE:NVS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,441 shares of the company’s stock, valued at approximately $204,000.
Several other institutional investors have also bought and sold shares of NVS. Westwood Holdings Group Inc. increased its position in Novartis AG by 5.6% in the first quarter. Westwood Holdings Group Inc. now owns 5,405 shares of the company’s stock valued at $401,000 after buying an additional 285 shares during the period. AT Bancorp increased its position in Novartis AG by 4.2% in the first quarter. AT Bancorp now owns 11,690 shares of the company’s stock valued at $868,000 after buying an additional 470 shares during the period. Physicians Financial Services Inc. increased its position in Novartis AG by 11.4% in the first quarter. Physicians Financial Services Inc. now owns 16,583 shares of the company’s stock valued at $1,232,000 after buying an additional 1,700 shares during the period. Prentiss Smith & Co. Inc. increased its position in Novartis AG by 2.4% in the first quarter. Prentiss Smith & Co. Inc. now owns 136,441 shares of the company’s stock valued at $10,133,000 after buying an additional 3,239 shares during the period. Finally, Mawer Investment Management Ltd. increased its position in Novartis AG by 2.9% in the first quarter. Mawer Investment Management Ltd. now owns 3,122,065 shares of the company’s stock valued at $231,876,000 after buying an additional 88,610 shares during the period. Institutional investors and hedge funds own 11.27% of the company’s stock.
Shares of Novartis AG (NVS) traded down 0.75% during midday trading on Thursday, reaching $83.55. 566,597 shares of the company were exchanged. The company has a market capitalization of $195.75 billion, a PE ratio of 30.50 and a beta of 0.73. The stock’s 50-day moving average price is $84.23 and its 200-day moving average price is $78.55. Novartis AG has a 52-week low of $66.93 and a 52-week high of $86.90.
Novartis AG (NYSE:NVS) last announced its quarterly earnings data on Tuesday, July 18th. The company reported $1.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.06. The company had revenue of $12.24 billion during the quarter, compared to analyst estimates of $12.20 billion. Novartis AG had a net margin of 13.52% and a return on equity of 15.51%. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period last year, the business earned $1.23 EPS. Analysts anticipate that Novartis AG will post $4.73 EPS for the current year.
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A number of equities analysts recently commented on the stock. Zacks Investment Research downgraded shares of Novartis AG from a “hold” rating to a “sell” rating in a research note on Monday, July 10th. J P Morgan Chase & Co reiterated a “neutral” rating on shares of Novartis AG in a research note on Thursday, June 8th. Morgan Stanley upgraded shares of Novartis AG from an “underweight” rating to an “overweight” rating in a research note on Wednesday, July 26th. Cowen and Company set a $77.00 target price on shares of Novartis AG and gave the stock a “hold” rating in a research note on Tuesday, July 11th. Finally, TheStreet upgraded shares of Novartis AG from a “c+” rating to a “b” rating in a research note on Friday, June 2nd. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. Novartis AG has an average rating of “Hold” and an average target price of $83.56.
In related news, major shareholder Bioventures Ltd Novartis acquired 266,667 shares of the firm’s stock in a transaction on Wednesday, July 5th. The stock was bought at an average cost of $15.00 per share, with a total value of $4,000,005.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.01% of the stock is owned by company insiders.
Novartis AG Company Profile
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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