Wealth Advisory Solutions LLC Cuts Position in Novo Nordisk A/S $NVO

Wealth Advisory Solutions LLC trimmed its holdings in shares of Novo Nordisk A/S (NYSE:NVOFree Report) by 33.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 28,577 shares of the company’s stock after selling 14,300 shares during the quarter. Wealth Advisory Solutions LLC’s holdings in Novo Nordisk A/S were worth $1,586,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in NVO. Werba Rubin Papier Wealth Management lifted its holdings in shares of Novo Nordisk A/S by 4.1% during the 2nd quarter. Werba Rubin Papier Wealth Management now owns 4,378 shares of the company’s stock valued at $302,000 after acquiring an additional 173 shares in the last quarter. Atwood & Palmer Inc. lifted its stake in shares of Novo Nordisk A/S by 31.8% during the second quarter. Atwood & Palmer Inc. now owns 737 shares of the company’s stock worth $51,000 after purchasing an additional 178 shares in the last quarter. Beacon Financial Group grew its stake in shares of Novo Nordisk A/S by 4.3% in the third quarter. Beacon Financial Group now owns 4,307 shares of the company’s stock valued at $239,000 after buying an additional 178 shares in the last quarter. Copeland Capital Management LLC lifted its position in shares of Novo Nordisk A/S by 47.3% during the second quarter. Copeland Capital Management LLC now owns 579 shares of the company’s stock worth $40,000 after purchasing an additional 186 shares in the last quarter. Finally, Bigelow Investment Advisors LLC boosted its stake in shares of Novo Nordisk A/S by 6.9% in the second quarter. Bigelow Investment Advisors LLC now owns 3,084 shares of the company’s stock valued at $213,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 11.54% of the company’s stock.

Key Novo Nordisk A/S News

Here are the key news stories impacting Novo Nordisk A/S this week:

Novo Nordisk A/S Stock Performance

Shares of NVO opened at $59.83 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.57 and a current ratio of 0.78. Novo Nordisk A/S has a 1 year low of $43.08 and a 1 year high of $93.80. The firm has a fifty day moving average of $49.87 and a 200-day moving average of $55.15. The company has a market cap of $267.12 billion, a price-to-earnings ratio of 17.39 and a beta of 0.66.

Novo Nordisk A/S (NYSE:NVOGet Free Report) last posted its earnings results on Wednesday, November 5th. The company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.25. Novo Nordisk A/S had a net margin of 32.76% and a return on equity of 73.50%. The firm had revenue of $11.79 billion during the quarter, compared to analyst estimates of $11.98 billion. As a group, equities analysts anticipate that Novo Nordisk A/S will post 3.84 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Rothschild & Co Redburn upgraded shares of Novo Nordisk A/S from a “neutral” rating to a “buy” rating in a report on Tuesday, September 16th. BMO Capital Markets reiterated a “market perform” rating on shares of Novo Nordisk A/S in a research note on Tuesday, December 23rd. Weiss Ratings restated a “sell (d+)” rating on shares of Novo Nordisk A/S in a research note on Monday, December 29th. Hsbc Global Res lowered Novo Nordisk A/S from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. Finally, Berenberg Bank upgraded Novo Nordisk A/S from a “hold” rating to a “buy” rating in a research note on Wednesday, September 17th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $56.21.

Check Out Our Latest Research Report on NVO

Novo Nordisk A/S Profile

(Free Report)

Novo Nordisk A/S is a Danish multinational pharmaceutical company headquartered in Bagsværd, Denmark, best known for its leadership in diabetes care and metabolic health. The company traces its roots to early Danish insulin production in the 1920s and was established in its current form through a 1989 merger of predecessor companies. Novo Nordisk develops, manufactures and markets pharmaceutical products and devices that address chronic and serious diseases, with a strong emphasis on long-term treatment and patient support.

The company’s core product portfolio centers on diabetes therapies, including a range of insulins and modern incretin-based treatments.

See Also

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Institutional Ownership by Quarter for Novo Nordisk A/S (NYSE:NVO)

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