Glenmede Trust Co. NA Lowers Holdings in Novo Nordisk A/S $NVO

Key Points

• Glenmede Trust reduced its Novo Nordisk stake by 18.3% in the first quarter, selling 29,374 shares and retaining 131,387 shares worth approximately $4.83 million.
• Institutional sentiment was mixed: several large hedge funds, including Arrowstreet Capital and Boston Partners, initiated positions, while Price T. Rowe Associates and Voloridge significantly increased their holdings. Hedge funds and other institutions own 11.54% of NVO.
• Novo Nordisk reported quarterly EPS of $0.94 on $11.98 billion in revenue, but analysts maintain a consensus “Hold” rating. The company recently raised guidance amid GLP-1 demand and oral Wegovy adoption, though investors remain concerned about Wegovy sales, competition and pricing pressure.

Glenmede Trust Co. NA trimmed its position in Novo Nordisk A/S (NYSE:NVO - Free Report) by 18.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 131,387 shares of the company's stock after selling 29,374 shares during the period. Glenmede Trust Co. NA's holdings in Novo Nordisk A/S were worth $4,828,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in NVO. Arrowstreet Capital Limited Partnership bought a new stake in Novo Nordisk A/S during the first quarter valued at $287,660,000. Boston Partners purchased a new stake in shares of Novo Nordisk A/S in the 3rd quarter valued at about $310,199,000. Price T Rowe Associates Inc. MD boosted its position in shares of Novo Nordisk A/S by 99.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,688,262 shares of the company's stock valued at $492,940,000 after acquiring an additional 4,836,285 shares during the last quarter. Voloridge Investment Management LLC grew its holdings in shares of Novo Nordisk A/S by 851.6% during the fourth quarter. Voloridge Investment Management LLC now owns 4,807,279 shares of the company's stock worth $244,594,000 after purchasing an additional 4,302,126 shares in the last quarter. Finally, Maverick Capital Ltd. purchased a new position in shares of Novo Nordisk A/S during the first quarter worth about $76,444,000. 11.54% of the stock is currently owned by hedge funds and other institutional investors.

Novo Nordisk A/S Stock Performance

NYSE NVO opened at $44.16 on Wednesday. The firm has a market cap of $197.18 billion, a price-to-earnings ratio of 10.37, a PEG ratio of 4.29 and a beta of 0.76. Novo Nordisk A/S has a 12-month low of $35.12 and a 12-month high of $64.16. The company has a 50-day simple moving average of $46.96 and a two-hundred day simple moving average of $45.21. The company has a quick ratio of 0.56, a current ratio of 0.79 and a debt-to-equity ratio of 0.59.

Novo Nordisk A/S (NYSE:NVO - Get Free Report) last posted its quarterly earnings results on Tuesday, June 30th. The company reported $0.94 earnings per share (EPS) for the quarter. The business had revenue of $11.98 billion for the quarter. Novo Nordisk A/S had a return on equity of 63.31% and a net margin of 37.23%. On average, equities analysts forecast that Novo Nordisk A/S will post 3.39 EPS for the current year.

Key Stories Impacting Novo Nordisk A/S

Here are the key news stories impacting Novo Nordisk A/S this week:

• Positive Sentiment: Q2 earnings exceeded expectations. Adjusted sales rose 7% at constant exchange rates to DKK 178.5 billion, while adjusted operating profit increased 11% to DKK 33.4 billion. Reported results were affected by a difficult comparison related to a U.S. 340B rebate provision reversal in the prior-year quarter. Novo Nordisk raises adjusted sales and adjusted operating profit outlook for 2026
• Positive Sentiment: Full-year guidance was raised. Novo Nordisk narrowed its expected decline in 2026 sales and operating profit, citing volume growth across its GLP-1 portfolio, demand for the higher-dose Wegovy injection and early traction for the oral Wegovy pill. Novo Nordisk's Q2 profit beats forecasts, raises outlook
• Positive Sentiment: Oral Wegovy adoption is substantial. The pill reportedly surpassed 5 million U.S. prescriptions since launch, providing a potential new growth driver for Novo’s obesity franchise. Novo Nordisk Q2 2026 earnings beat, raises full-year outlook
• Neutral Sentiment: Novo is continuing a DKK 15 billion share-buyback program, which may support per-share results but does not address concerns about underlying demand. Novo Nordisk Details Progress in DKK 15 Billion Share Buyback Programme
• Neutral Sentiment: The company is studying potential thyroid-cancer risks among real-world GLP-1 users; the ongoing database research has not established a new safety signal. Novo Nordisk Probes Thyroid Cancer Risk in Real-World GLP-1 Users
• Negative Sentiment: Wegovy sales were viewed as a key miss. Investors appeared to expect stronger performance from the oral product, making the improved guidance insufficient to offset concerns about slowing injectable growth, pricing pressure and intensifying competition from Eli Lilly’s Mounjaro and Zepbound. Novo Nordisk stock falls despite outlook hike as Wegovy sales miss hopes
• Negative Sentiment: Investor confidence also remains pressured after the recent failure of the zilte­vekimab ZEUS heart-disease trial, which increases reliance on the semaglutide franchise. Citi says Novo selloff overdone but GLP-1 worries keep it on the sidelines

Analyst Upgrades and Downgrades

NVO has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of Novo Nordisk A/S from a "buy" rating to a "hold" rating in a research note on Saturday, June 20th. Zacks Research cut shares of Novo Nordisk A/S from a "hold" rating to a "strong sell" rating in a research note on Monday, July 13th. Citigroup reissued a "neutral" rating on shares of Novo Nordisk A/S in a report on Monday, July 20th. Weiss Ratings restated a "sell (d+)" rating on shares of Novo Nordisk A/S in a research report on Monday, July 20th. Finally, HSBC reaffirmed a "hold" rating on shares of Novo Nordisk A/S in a report on Monday, July 6th. Five research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $65.56.

Novo Nordisk A/S Profile

Novo Nordisk A/S is a Danish multinational pharmaceutical company headquartered in Bagsværd, Denmark, best known for its leadership in diabetes care and metabolic health. The company traces its roots to early Danish insulin production in the 1920s and was established in its current form through a 1989 merger of predecessor companies. Novo Nordisk develops, manufactures and markets pharmaceutical products and devices that address chronic and serious diseases, with a strong emphasis on long-term treatment and patient support.

The company’s core product portfolio centers on diabetes therapies, including a range of insulins and modern incretin-based treatments.

Want to see what other hedge funds are holding NVO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Novo Nordisk A/S (NYSE:NVO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source