GQG Partners LLC purchased a new position in shares of Novo Nordisk A/S (NYSE:NVO) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,200 shares of the company’s stock, valued at approximately $437,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Morgan Stanley lifted its position in Novo Nordisk A/S by 1.1% during the 1st quarter. Morgan Stanley now owns 1,450,229 shares of the company’s stock worth $49,714,000 after acquiring an additional 15,086 shares during the period. Wayne Hummer Investments L.L.C. purchased a new position in shares of Novo Nordisk A/S during the 1st quarter valued at about $209,000. Willingdon Wealth Management raised its stake in shares of Novo Nordisk A/S by 3.0% during the 2nd quarter. Willingdon Wealth Management now owns 45,316 shares of the company’s stock valued at $1,944,000 after buying an additional 1,325 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in shares of Novo Nordisk A/S during the 1st quarter valued at about $17,406,000. Finally, Pacad Investment Ltd. purchased a new position in shares of Novo Nordisk A/S during the 2nd quarter valued at about $1,025,000. 6.01% of the stock is owned by institutional investors.

NVO has been the subject of a number of recent research reports. BidaskClub upgraded Novo Nordisk A/S from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Zacks Investment Research upgraded Novo Nordisk A/S from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Wednesday, June 21st. Finally, Bank of America Corporation upgraded Novo Nordisk A/S from an “underperform” rating to a “neutral” rating in a research note on Wednesday, September 6th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. Novo Nordisk A/S has an average rating of “Hold” and a consensus price target of $55.00.

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Novo Nordisk A/S (NYSE:NVO) traded up 0.14% during trading on Friday, hitting $49.13. The company’s stock had a trading volume of 413,281 shares. The company has a 50-day moving average of $45.97 and a 200 day moving average of $41.13. The firm has a market cap of $121.85 billion, a PE ratio of 19.85 and a beta of 0.60. Novo Nordisk A/S has a one year low of $30.89 and a one year high of $49.45.

The firm also recently announced an annual dividend, which was paid on Tuesday, August 29th. Stockholders of record on Monday, August 21st were paid a dividend of $0.336 per share. This is an increase from Novo Nordisk A/S’s previous annual dividend of $0.33. The ex-dividend date of this dividend was Friday, August 18th. This represents a dividend yield of 1.07%. Novo Nordisk A/S’s dividend payout ratio is 36.44%.

Novo Nordisk A/S Profile

Novo Nordisk A/S is a global healthcare company engaged in diabetes care. The Company is also engaged in the discovery, development, manufacturing and marketing of pharmaceutical products. The Company operates through two business segments: diabetes and obesity care, and biopharmaceuticals. The Company’s diabetes and obesity care segment covers insulin, GLP-1, other protein-related products, such as glucagon, protein-related delivery systems and needles, and oral anti-diabetic drugs.

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

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