Nordea Investment Management AB Grows Holdings in Astrazeneca Plc $AZN

Nordea Investment Management AB boosted its position in Astrazeneca Plc (NYSE:AZNFree Report) by 223.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,888 shares of the company’s stock after buying an additional 20,635 shares during the quarter. Nordea Investment Management AB’s holdings in Astrazeneca were worth $2,752,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AZN. Bank of Montreal Can boosted its holdings in Astrazeneca by 344.6% in the third quarter. Bank of Montreal Can now owns 3,478,114 shares of the company’s stock valued at $266,841,000 after purchasing an additional 2,695,793 shares during the last quarter. Fayez Sarofim & Co increased its holdings in Astrazeneca by 173.4% during the 2nd quarter. Fayez Sarofim & Co now owns 3,745,902 shares of the company’s stock worth $261,764,000 after purchasing an additional 2,376,032 shares during the last quarter. Holocene Advisors LP increased its holdings in Astrazeneca by 41.8% during the 3rd quarter. Holocene Advisors LP now owns 6,129,194 shares of the company’s stock worth $470,232,000 after purchasing an additional 1,807,565 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of Astrazeneca by 64.8% in the 2nd quarter. Raymond James Financial Inc. now owns 3,783,251 shares of the company’s stock valued at $264,373,000 after purchasing an additional 1,487,662 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Astrazeneca by 4.7% during the 3rd quarter. Bank of America Corp DE now owns 32,633,139 shares of the company’s stock valued at $2,503,614,000 after buying an additional 1,461,786 shares during the last quarter. 20.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AZN. Barclays reissued an “overweight” rating on shares of Astrazeneca in a research report on Tuesday, January 6th. Weiss Ratings began coverage on shares of Astrazeneca in a research note on Wednesday, March 11th. They set a “buy (b)” rating on the stock. Guggenheim reissued a “buy” rating on shares of Astrazeneca in a report on Wednesday, December 3rd. HSBC reissued a “buy” rating and issued a $108.00 target price on shares of Astrazeneca in a research report on Wednesday, December 10th. Finally, Wall Street Zen raised shares of Astrazeneca from a “hold” rating to a “buy” rating in a research report on Friday, March 20th. Nine analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $95.75.

Check Out Our Latest Stock Analysis on Astrazeneca

Key Headlines Impacting Astrazeneca

Here are the key news stories impacting Astrazeneca this week:

Astrazeneca Stock Up 2.8%

Astrazeneca stock opened at $188.57 on Friday. The firm has a market capitalization of $292.45 billion, a price-to-earnings ratio of 20.02, a price-to-earnings-growth ratio of 1.38 and a beta of 0.32. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.94 and a quick ratio of 0.72. Astrazeneca Plc has a 12 month low of $122.48 and a 12 month high of $212.71.

Astrazeneca Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, March 23rd. Stockholders of record on Friday, February 20th were given a $1.595 dividend. This represents a dividend yield of 156.0%. The ex-dividend date was Friday, February 20th. Astrazeneca’s dividend payout ratio (DPR) is presently 66.26%.

Astrazeneca Company Profile

(Free Report)

AstraZeneca plc is a global biopharmaceutical company headquartered in Cambridge, England. Formed through the 1999 merger of Sweden’s Astra AB and the UK’s Zeneca Group, the company researches, develops, manufactures and commercializes prescription medicines across a range of therapeutic areas. AstraZeneca positions itself as R&D-driven, investing in discovery science, clinical development and regulatory processes to bring new therapies to market.

The company’s commercial portfolio and late-stage pipeline emphasize oncology, cardiovascular, renal and metabolic (CVRM) diseases, and respiratory and immunology.

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Institutional Ownership by Quarter for Astrazeneca (NYSE:AZN)

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