Bahl & Gaynor Inc. reduced its stake in shares of Novartis AG (NYSE:NVS) by 2.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 214,814 shares of the company’s stock after selling 5,569 shares during the period. Bahl & Gaynor Inc.’s holdings in Novartis were worth $18,508,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in NVS. Stelac Advisory Services LLC bought a new position in shares of Novartis in the 3rd quarter worth about $113,000. Columbia Asset Management bought a new position in shares of Novartis in the 3rd quarter worth about $126,000. Howe & Rusling Inc. raised its position in shares of Novartis by 50.9% in the 3rd quarter. Howe & Rusling Inc. now owns 1,705 shares of the company’s stock worth $147,000 after acquiring an additional 575 shares in the last quarter. WESPAC Advisors SoCal LLC bought a new position in shares of Novartis in the 3rd quarter worth about $152,000. Finally, Quad Cities Investment Group LLC bought a new position in shares of Novartis in the 2nd quarter worth about $139,000. 10.99% of the stock is owned by institutional investors and hedge funds.

NVS stock opened at $89.03 on Thursday. Novartis AG has a 1-year low of $72.30 and a 1-year high of $94.19. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.20 and a quick ratio of 0.96. The stock has a market capitalization of $204.65 billion, a PE ratio of 18.51, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73.

Novartis (NYSE:NVS) last issued its earnings results on Thursday, October 18th. The company reported $1.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.01. The company had revenue of $12.78 billion during the quarter, compared to the consensus estimate of $12.88 billion. Novartis had a return on equity of 15.81% and a net margin of 25.98%. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the business posted $1.29 EPS. Analysts expect that Novartis AG will post 5.17 earnings per share for the current year.

Several research firms have recently weighed in on NVS. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Novartis in a research report on Tuesday, November 6th. Goldman Sachs Group raised Novartis from a “neutral” rating to a “conviction-buy” rating in a research report on Friday, November 16th. Wolfe Research began coverage on Novartis in a research report on Tuesday, October 23rd. They issued an “outperform” rating for the company. Guggenheim began coverage on Novartis in a research report on Monday, October 8th. They issued a “neutral” rating for the company. Finally, Zacks Investment Research raised Novartis from a “hold” rating to a “buy” rating and set a $95.00 price objective for the company in a research report on Tuesday, September 18th. Eleven analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $84.86.

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Novartis Profile

Novartis AG researches, develops, manufactures, and markets a range of healthcare products worldwide. The company's Innovative Medicines segment offers patented prescription medicines to enhance health outcomes for patients and health-care providers. This segment also commercializes products in the areas of oncology and rare diseases, ophthalmology, immunology and dermatology, neuroscience, respiratory, cardio-metabolic, and established medicines.

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Institutional Ownership by Quarter for Novartis (NYSE:NVS)

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