Stratos Investment Management LLC Has $6.17 Million Stake in Novo Nordisk A/S $NVO

Key Points

• Stratos Investment Management LLC increased its stake in Novo Nordisk A/S by 6.3%, owning 89,369 shares valued at approximately $6.17 million.
• Novo Nordisk A/S reported earnings of $0.97 EPS for the last quarter, surpassing analysts' expectations of $0.93.
• The company's stock has experienced a 1.1% decline recently, and is currently trading around $56.07.

Stratos Investment Management LLC lifted its stake in Novo Nordisk A/S (NYSE:NVO - Free Report) by 6.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 89,369 shares of the company's stock after purchasing an additional 5,323 shares during the quarter. Stratos Investment Management LLC's holdings in Novo Nordisk A/S were worth $6,168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Unified Investment Management acquired a new stake in shares of Novo Nordisk A/S during the 2nd quarter valued at $692,000. Acadian Asset Management LLC increased its stake in shares of Novo Nordisk A/S by 15,919.9% in the first quarter. Acadian Asset Management LLC now owns 1,044,658 shares of the company's stock worth $72,523,000 after acquiring an additional 1,038,137 shares during the last quarter. Norden Group LLC raised its holdings in shares of Novo Nordisk A/S by 216.3% during the second quarter. Norden Group LLC now owns 96,332 shares of the company's stock worth $6,649,000 after acquiring an additional 65,877 shares in the last quarter. Guild Investment Management Inc. boosted its position in Novo Nordisk A/S by 20.7% during the second quarter. Guild Investment Management Inc. now owns 36,995 shares of the company's stock valued at $2,553,000 after purchasing an additional 6,345 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in Novo Nordisk A/S by 48.7% in the second quarter. Farther Finance Advisors LLC now owns 103,138 shares of the company's stock valued at $7,119,000 after purchasing an additional 33,794 shares in the last quarter. 11.54% of the stock is owned by hedge funds and other institutional investors.

Novo Nordisk A/S Stock Down 1.1%

NVO opened at $56.07 on Friday. The firm has a market cap of $250.35 billion, a P/E ratio of 15.40, a price-to-earnings-growth ratio of 2.61 and a beta of 0.68. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.56 and a current ratio of 0.78. The business has a 50 day moving average price of $56.17 and a 200 day moving average price of $62.85. Novo Nordisk A/S has a twelve month low of $45.05 and a twelve month high of $119.07.

Novo Nordisk A/S (NYSE:NVO - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.97 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.04. Novo Nordisk A/S had a net margin of 35.60% and a return on equity of 78.64%. The company had revenue of $11.69 billion for the quarter, compared to analyst estimates of $77.51 billion. Research analysts forecast that Novo Nordisk A/S will post 3.84 EPS for the current year.

Novo Nordisk A/S Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 18th were issued a $0.4119 dividend. This represents a yield of 240.0%. The ex-dividend date was Monday, August 18th. Novo Nordisk A/S's dividend payout ratio (DPR) is 22.53%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. BNP Paribas raised Novo Nordisk A/S from an "underperform" rating to a "neutral" rating in a research note on Wednesday, August 13th. TD Cowen cut their price objective on shares of Novo Nordisk A/S from $105.00 to $70.00 and set a "buy" rating on the stock in a research report on Tuesday, August 19th. Barclays reiterated an "equal weight" rating on shares of Novo Nordisk A/S in a research note on Wednesday, July 30th. Dbs Bank upgraded shares of Novo Nordisk A/S from a "strong sell" rating to a "hold" rating in a research note on Friday, August 22nd. Finally, BNP Paribas Exane upgraded shares of Novo Nordisk A/S from an "underperform" rating to a "neutral" rating and set a $54.00 price target on the stock in a report on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $76.00.

Novo Nordisk A/S Company Profile

Novo Nordisk A/S, together with its subsidiaries, engages in the research and development, manufacture, and distribution of pharmaceutical products in Europe, the Middle East, Africa, Mainland China, Hong Kong, Taiwan, North America, and internationally. It operates in two segments, Diabetes and Obesity Care, and Rare Disease.

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