Raymond James Financial Services Advisors Inc. Sells 1,541 Shares of Novartis AG (NVS)

Raymond James Financial Services Advisors Inc. reduced its stake in Novartis AG (NYSE:NVS) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 115,405 shares of the company’s stock after selling 1,541 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Novartis were worth $9,690,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Wealthcare Advisory Partners LLC purchased a new stake in shares of Novartis in the third quarter valued at $106,000. Cable Hill Partners LLC lifted its position in shares of Novartis by 588.8% in the third quarter. Cable Hill Partners LLC now owns 1,295 shares of the company’s stock valued at $112,000 after acquiring an additional 1,107 shares in the last quarter. Calton & Associates Inc. purchased a new stake in shares of Novartis in the fourth quarter valued at $118,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Novartis in the fourth quarter valued at $124,000. Finally, Sawyer & Company Inc purchased a new position in Novartis during the fourth quarter worth about $183,000. Institutional investors and hedge funds own 10.96% of the company’s stock.

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Novartis in a research report on Thursday, January 18th. Barclays downgraded Novartis from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, October 25th. UBS Group reiterated a “neutral” rating on shares of Novartis in a research report on Monday, January 15th. Zacks Investment Research downgraded Novartis from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Finally, Bank of America downgraded Novartis from a “neutral” rating to an “underperform” rating in a research report on Wednesday, December 6th. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $85.32.

Novartis AG (NYSE:NVS) opened at $84.89 on Thursday. The firm has a market capitalization of $197,841.23, a PE ratio of 17.67, a P/E/G ratio of 1.98 and a beta of 0.73. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 1.21. Novartis AG has a 12-month low of $72.67 and a 12-month high of $94.19.

Novartis (NYSE:NVS) last announced its quarterly 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. The company had revenue of $12.92 billion during the quarter, compared to analyst estimates of $12.65 billion. Novartis had a return on equity of 16.03% and a net margin of 15.69%. The firm’s revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.14 earnings per share. analysts predict 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.

Institutional Ownership by Quarter for Novartis (NYSE:NVS)

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