Fort Sheridan Advisors LLC Has $496,000 Stake in Novartis AG (NYSE:NVS)

Fort Sheridan Advisors LLC trimmed its stake in shares of Novartis AG (NYSE:NVSGet Rating) by 3.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,647 shares of the company’s stock after selling 180 shares during the period. Fort Sheridan Advisors LLC’s holdings in Novartis were worth $496,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NVS. Dimensional Fund Advisors LP increased its stake in Novartis by 35.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,870,136 shares of the company’s stock valued at $338,521,000 after buying an additional 1,003,235 shares during the last quarter. Cullen Capital Management LLC increased its stake in shares of Novartis by 17.6% during the 1st quarter. Cullen Capital Management LLC now owns 3,295,271 shares of the company’s stock worth $289,160,000 after purchasing an additional 492,643 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Novartis by 4.7% during the 1st quarter. Fisher Asset Management LLC now owns 10,871,033 shares of the company’s stock worth $953,933,000 after buying an additional 486,367 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Novartis by 12.7% during the 4th quarter. Renaissance Technologies LLC now owns 3,727,570 shares of the company’s stock worth $326,051,000 after buying an additional 420,333 shares during the period. Finally, Boston Partners boosted its holdings in shares of Novartis by 6.7% during the 4th quarter. Boston Partners now owns 4,677,403 shares of the company’s stock worth $409,194,000 after buying an additional 292,854 shares during the period. 9.40% of the stock is currently owned by institutional investors and hedge funds.

Novartis Price Performance

NVS stock opened at $85.57 on Friday. The company has a 50 day simple moving average of $85.04 and a 200 day simple moving average of $86.61. The stock has a market cap of $189.33 billion, a price-to-earnings ratio of 8.36, a P/E/G ratio of 2.41 and a beta of 0.51. Novartis AG has a 1 year low of $79.09 and a 1 year high of $95.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.38 and a quick ratio of 1.13.

Novartis (NYSE:NVSGet Rating) last released its quarterly earnings data on Monday, July 18th. The company reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.04. Novartis had a net margin of 44.31% and a return on equity of 21.88%. The business had revenue of $12.78 billion during the quarter, compared to analysts’ expectations of $12.78 billion. During the same period in the prior year, the company earned $1.64 EPS. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. Research analysts anticipate that Novartis AG will post 6.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NVS. JPMorgan Chase & Co. boosted their price objective on shares of Novartis from CHF 80 to CHF 81 and gave the company an “underweight” rating in a report on Wednesday, July 20th. Morgan Stanley boosted their price objective on shares of Novartis from CHF 90 to CHF 94 in a report on Friday, May 6th. UBS Group boosted their price objective on shares of Novartis from CHF 85 to CHF 88 and gave the company a “neutral” rating in a report on Wednesday, April 27th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Novartis from CHF 80 to CHF 75 in a report on Wednesday, June 29th. Finally, raised shares of Novartis from a “hold” rating to a “buy” rating in a report on Thursday, April 14th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Novartis presently has a consensus rating of “Hold” and a consensus price target of $87.33.

Novartis Profile

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Novartis AG researches, develops, manufactures, and markets healthcare products worldwide. The company operates through two segments, Innovative Medicines and Sandoz. The Innovative Medicines segment offers prescription medicines for patients and healthcare providers. It also provides ophthalmology, neuroscience, immunology, hepatology, dermatology, respiratory, cardiovascular, renal, and metabolism medicine products.

Further Reading

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Institutional Ownership by Quarter for Novartis (NYSE:NVS)

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