Jacobs & Co. CA Increases Stock Holdings in Sanofi SA (NYSE:SNY)

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Jacobs & Co. CA raised its stake in Sanofi SA (NYSE:SNY) by 3.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 11,855 shares of the company’s stock after acquiring an additional 400 shares during the period. Jacobs & Co. CA’s holdings in Sanofi were worth $549,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in SNY. Ibex Wealth Advisors acquired a new stake in shares of Sanofi in the second quarter valued at approximately $25,000. Heritage Wealth Advisors boosted its holdings in shares of Sanofi by 141.2% in the second quarter. Heritage Wealth Advisors now owns 603 shares of the company’s stock valued at $26,000 after acquiring an additional 353 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Sanofi by 292.4% in the second quarter. Bessemer Group Inc. now owns 671 shares of the company’s stock valued at $29,000 after acquiring an additional 500 shares during the period. Prestige Wealth Management Group LLC acquired a new stake in shares of Sanofi in the second quarter valued at approximately $37,000. Finally, Evolution Wealth Advisors LLC acquired a new stake in shares of Sanofi in the second quarter valued at approximately $40,000. Institutional investors own 7.04% of the company’s stock.

Shares of NYSE SNY traded up $0.38 during mid-day trading on Friday, hitting $45.86. 1,911,995 shares of the company were exchanged, compared to its average volume of 1,307,250. The company has a quick ratio of 0.85, a current ratio of 1.22 and a debt-to-equity ratio of 0.40. The stock has a 50 day simple moving average of $45.85 and a 200-day simple moving average of $43.37. Sanofi SA has a 1-year low of $40.00 and a 1-year high of $47.47. The firm has a market cap of $114.86 billion, a price-to-earnings ratio of 14.65, a price-to-earnings-growth ratio of 2.41 and a beta of 0.67.

In related news, major shareholder Sanofi sold 172,904 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $281.15, for a total transaction of $48,611,959.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is owned by company insiders.

Several research firms have recently weighed in on SNY. Jefferies Financial Group reissued a “buy” rating on shares of Sanofi in a report on Thursday, August 29th. Guggenheim raised Sanofi from a “neutral” rating to a “buy” rating in a report on Monday, September 23rd. Zacks Investment Research raised Sanofi from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Thursday, August 29th. Morgan Stanley raised Sanofi from an “equal” rating to a “weight” rating in a report on Friday, September 20th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Sanofi in a report on Monday, October 14th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $49.50.

Sanofi Company Profile

Sanofi provides therapeutic solutions. It offers Cerezyme and Cerdelga for Gaucher disease, Myozyme and Lumizyme for Pompe disease, Fabrazyme for Fabry disease, and Aldurazyme for mucopolysaccharidosis Type 1; Aubagio, an immunomodulatory; and Lemtrada, a monoclonal antibody to treat multiple sclerosis.

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Want to see what other hedge funds are holding SNY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sanofi SA (NYSE:SNY).

Institutional Ownership by Quarter for Sanofi (NYSE:SNY)

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