Roundview Capital LLC Has $693,000 Position in Novartis AG (NVS)
Roundview Capital LLC increased its stake in shares of Novartis AG (NYSE:NVS) by 14.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,255 shares of the company’s stock after acquiring an additional 1,020 shares during the period. Roundview Capital LLC’s holdings in Novartis were worth $693,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of NVS. Buckley Wealth Management LLC acquired a new stake in Novartis during the 4th quarter valued at $363,000. Gratus Capital LLC increased its holdings in Novartis by 12.3% during the 4th quarter. Gratus Capital LLC now owns 111,836 shares of the company’s stock valued at $9,390,000 after purchasing an additional 12,267 shares in the last quarter. Carmichael Hill & Associates Inc. acquired a new stake in Novartis during the 4th quarter valued at $410,000. Tradition Capital Management LLC increased its holdings in Novartis by 0.9% during the 4th quarter. Tradition Capital Management LLC now owns 69,381 shares of the company’s stock valued at $5,825,000 after purchasing an additional 652 shares in the last quarter. Finally, Rench Wealth Management Inc. increased its holdings in Novartis by 6.8% during the 4th quarter. Rench Wealth Management Inc. now owns 31,563 shares of the company’s stock valued at $2,650,000 after purchasing an additional 2,003 shares in the last quarter. Institutional investors and hedge funds own 11.06% of the company’s stock.
NVS has been the subject of a number of recent analyst reports. Leerink Swann raised their price target on Novartis from $89.00 to $91.00 and gave the company a “market perform” rating in a report on Monday, October 23rd. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Novartis in a report on Tuesday, October 24th. Barclays cut Novartis from an “equal weight” rating to an “underweight” rating in a report on Wednesday, October 25th. Zacks Investment Research raised Novartis from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Finally, Bank of America cut Novartis from a “neutral” rating to an “underperform” rating in a report on Wednesday, December 6th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $85.32.
Novartis (NYSE:NVS) last released its earnings results on Wednesday, January 24th. The company reported $1.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.04. The company had revenue of $12.92 billion during the quarter, compared to analysts’ expectations of $12.65 billion. Novartis had a return on equity of 16.03% and a net margin of 15.69%. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period last year, the firm earned $1.14 EPS. sell-side analysts predict that Novartis AG will post 5.36 earnings per share for the current fiscal year.
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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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