Motco cut its holdings in shares of Novartis AG (NYSE:NVS) by 2.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 90,770 shares of the company’s stock after selling 2,735 shares during the quarter. Motco’s holdings in Novartis were worth $7,621,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of NVS. Cetera Investment Advisers bought a new stake in shares of Novartis during the second quarter valued at approximately $241,000. Bartlett & Co. LLC boosted its position in shares of Novartis by 1.6% during the third quarter. Bartlett & Co. LLC now owns 473,081 shares of the company’s stock valued at $40,614,000 after purchasing an additional 7,249 shares in the last quarter. Capital Bank & Trust Co boosted its position in shares of Novartis by 5.5% during the third quarter. Capital Bank & Trust Co now owns 138,207 shares of the company’s stock valued at $11,865,000 after purchasing an additional 7,201 shares in the last quarter. Atlantic Trust Group LLC boosted its position in shares of Novartis by 54.2% during the third quarter. Atlantic Trust Group LLC now owns 72,427 shares of the company’s stock valued at $6,218,000 after purchasing an additional 25,452 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of Novartis during the third quarter valued at approximately $1,245,000. 11.09% of the stock is currently owned by hedge funds and other institutional investors.

NVS has been the topic of several research reports. Zacks Investment Research upgraded Novartis from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Leerink Swann lifted their price target on Novartis from $89.00 to $91.00 and gave the company a “market perform” rating in a research report on Monday, October 23rd. JPMorgan Chase & Co. restated a “neutral” rating on shares of Novartis in a research report on Tuesday, October 31st. Nord/LB reissued a “neutral” rating on shares of Novartis in a report on Tuesday, January 2nd. Finally, UBS Group reissued a “neutral” rating on shares of Novartis in a report on Monday, January 15th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $85.32.

Shares of Novartis AG (NYSE:NVS) opened at $84.82 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 0.31. Novartis AG has a 1-year low of $72.67 and a 1-year high of $94.19. The company has a market capitalization of $199,834.25, a price-to-earnings ratio of 17.85, a price-to-earnings-growth ratio of 2.00 and a beta of 0.73.

Novartis (NYSE:NVS) last released its earnings results on Wednesday, January 24th. The company reported $1.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.04. Novartis had a return on equity of 16.03% and a net margin of 15.69%. The business had revenue of $12.92 billion for the quarter, compared to the consensus estimate of $12.65 billion. During the same period in the previous year, the company posted $1.14 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. sell-side analysts anticipate that Novartis AG will post 5.36 EPS for the current fiscal year.

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Novartis Profile

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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Institutional Ownership by Quarter for Novartis (NYSE:NVS)

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