Zions Bancorporation National Association UT Cuts Stake in Sanofi $SNY

Zions Bancorporation National Association UT decreased its stake in Sanofi (NASDAQ:SNYFree Report) by 33.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 136,975 shares of the company’s stock after selling 69,047 shares during the period. Zions Bancorporation National Association UT’s holdings in Sanofi were worth $6,465,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SNY. Financial Consulate Inc. acquired a new position in shares of Sanofi during the third quarter worth $26,000. First Horizon Corp purchased a new position in shares of Sanofi during the 3rd quarter valued at approximately $33,000. Salomon & Ludwin LLC increased its stake in shares of Sanofi by 1,046.3% in the third quarter. Salomon & Ludwin LLC now owns 768 shares of the company’s stock worth $39,000 after buying an additional 701 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in Sanofi by 233.3% in the second quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the company’s stock valued at $48,000 after acquiring an additional 700 shares in the last quarter. Finally, Traub Capital Management LLC bought a new position in Sanofi during the 2nd quarter valued at $51,000. 14.03% of the stock is currently owned by hedge funds and other institutional investors.

Sanofi Price Performance

Shares of SNY opened at $46.01 on Monday. Sanofi has a one year low of $44.62 and a one year high of $60.12. The stock’s fifty day moving average is $47.73 and its 200-day moving average is $48.59. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 1.09. The firm has a market capitalization of $112.22 billion, a price-to-earnings ratio of 12.78, a price-to-earnings-growth ratio of 1.20 and a beta of 0.45.

Key Stories Impacting Sanofi

Here are the key news stories impacting Sanofi this week:

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SNY. Jefferies Financial Group restated a “buy” rating on shares of Sanofi in a research note on Monday, October 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Sanofi in a report on Friday, January 16th. Barclays downgraded shares of Sanofi from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, January 6th. Guggenheim downgraded shares of Sanofi from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 9th. Finally, TD Cowen reissued a “hold” rating on shares of Sanofi in a report on Tuesday, December 30th. Five equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Sanofi has an average rating of “Hold” and an average target price of $62.67.

Get Our Latest Analysis on SNY

About Sanofi

(Free Report)

Sanofi (NASDAQ:SNY) is a multinational pharmaceutical company headquartered in France that researches, develops, manufactures and markets prescription medicines, vaccines and consumer healthcare products. The company operates across multiple therapeutic areas, including immunology, rare diseases, oncology, cardiovascular and metabolic diseases, and vaccines through its Sanofi Pasteur division. Sanofi sells products to hospitals, clinics, governments and retail pharmacies, with a broad global footprint and significant presence in Europe, North America and emerging markets.

Key commercial offerings include specialty biologics and established small-molecule medicines.

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Institutional Ownership by Quarter for Sanofi (NASDAQ:SNY)

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