5,423 Shares in Novartis AG (NVS) Acquired by KCS Wealth Advisory

KCS Wealth Advisory purchased a new position in shares of Novartis AG (NYSE:NVS) during the fourth quarter, HoldingsChannel reports. The firm purchased 5,423 shares of the company’s stock, valued at approximately $455,000.

Other hedge funds have also modified their holdings of the company. WFG Advisors LP boosted its position in Novartis by 38.1% during the second quarter. WFG Advisors LP now owns 1,221 shares of the company’s stock worth $102,000 after purchasing an additional 337 shares in the last quarter. Wealthcare Advisory Partners LLC purchased a new position in Novartis during the third quarter worth approximately $106,000. Cable Hill Partners LLC boosted its position in Novartis by 588.8% during the third quarter. Cable Hill Partners LLC now owns 1,295 shares of the company’s stock worth $112,000 after purchasing an additional 1,107 shares in the last quarter. Harding Loevner LP purchased a new position in Novartis during the second quarter worth approximately $146,000. Finally, Sawyer & Company Inc purchased a new position in Novartis during the fourth quarter worth approximately $183,000. Institutional investors own 10.85% of the company’s stock.

Novartis AG (NYSE NVS) opened at $86.65 on Friday. The firm has a market capitalization of $202,660.52, a P/E ratio of 18.04, a PEG ratio of 2.35 and a beta of 0.73. Novartis AG has a 1 year low of $69.53 and a 1 year high of $86.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.08 and a quick ratio of 0.81.

Novartis (NYSE:NVS) last released its earnings results on Tuesday, October 24th. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.04. The business had revenue of $12.41 billion for the quarter, compared to the consensus estimate of $12.21 billion. Novartis had a return on equity of 15.77% and a net margin of 13.73%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.23 earnings per share. sell-side analysts expect that Novartis AG will post 4.77 EPS for the current year.

A number of equities analysts have issued reports on NVS shares. Zacks Investment Research upgraded Novartis from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a research report on Tuesday, September 19th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Novartis in a research report on Tuesday, September 26th. Leerink Swann raised their target price on Novartis from $89.00 to $91.00 and gave the company a “market perform” rating in a research report on Monday, October 23rd. Barclays downgraded Novartis from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, October 25th. Finally, Bank of America downgraded Novartis from a “neutral” rating to an “underperform” rating in a research report on Wednesday, December 6th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $85.32.

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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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