Jones Financial Companies Lllp Increases Holdings in Novo Nordisk A/S $NVO

Jones Financial Companies Lllp boosted its position in Novo Nordisk A/S (NYSE:NVOFree Report) by 10.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 149,885 shares of the company’s stock after buying an additional 14,017 shares during the period. Jones Financial Companies Lllp’s holdings in Novo Nordisk A/S were worth $8,335,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Jennison Associates LLC boosted its holdings in Novo Nordisk A/S by 0.3% in the second quarter. Jennison Associates LLC now owns 18,885,343 shares of the company’s stock valued at $1,303,466,000 after purchasing an additional 63,341 shares during the last quarter. Loomis Sayles & Co. L P lifted its holdings in shares of Novo Nordisk A/S by 1.5% in the 2nd quarter. Loomis Sayles & Co. L P now owns 12,576,031 shares of the company’s stock valued at $867,998,000 after buying an additional 187,789 shares during the period. Folketrygdfondet boosted its stake in shares of Novo Nordisk A/S by 1.2% in the third quarter. Folketrygdfondet now owns 10,211,913 shares of the company’s stock worth $566,659,000 after buying an additional 117,370 shares during the last quarter. Sustainable Growth Advisers LP grew its holdings in Novo Nordisk A/S by 11.7% during the second quarter. Sustainable Growth Advisers LP now owns 6,192,636 shares of the company’s stock worth $427,416,000 after acquiring an additional 649,390 shares during the period. Finally, State Street Corp raised its position in Novo Nordisk A/S by 0.8% during the second quarter. State Street Corp now owns 6,047,683 shares of the company’s stock valued at $418,231,000 after acquiring an additional 47,430 shares in the last quarter. Institutional investors and hedge funds own 11.54% of the company’s stock.

Trending Headlines about Novo Nordisk A/S

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Novo Nordisk A/S Stock Down 8.2%

NVO opened at $43.32 on Friday. The company has a market cap of $193.40 billion, a PE ratio of 12.48 and a beta of 0.67. Novo Nordisk A/S has a twelve month low of $43.08 and a twelve month high of $93.80. The company has a 50-day moving average price of $53.64 and a 200 day moving average price of $54.06. The company has a quick ratio of 0.57, a current ratio of 0.78 and a debt-to-equity ratio of 0.52.

Novo Nordisk A/S (NYSE:NVOGet Free Report) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.11. Novo Nordisk A/S had a return on equity of 72.86% and a net margin of 33.03%.The company had revenue of $12.43 billion for the quarter, compared to analysts’ expectations of $11.97 billion. Sell-side analysts expect that Novo Nordisk A/S will post 3.84 earnings per share for the current fiscal year.

Novo Nordisk A/S Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Monday, March 30th will be issued a $1.2751 dividend. The ex-dividend date is Monday, March 30th. This represents a yield of 541.0%. Novo Nordisk A/S’s dividend payout ratio (DPR) is presently 23.63%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Citigroup started coverage on shares of Novo Nordisk A/S in a research note on Tuesday, January 27th. They set a “neutral” rating on the stock. Argus restated a “hold” rating on shares of Novo Nordisk A/S in a research report on Monday, December 8th. Morgan Stanley reiterated an “underweight” rating and issued a $42.00 price objective on shares of Novo Nordisk A/S in a research report on Wednesday, December 3rd. TD Cowen restated a “buy” rating on shares of Novo Nordisk A/S in a research report on Tuesday. Finally, Zacks Research raised Novo Nordisk A/S from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $56.07.

Get Our Latest Stock Analysis on NVO

About Novo Nordisk A/S

(Free Report)

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.

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Institutional Ownership by Quarter for Novo Nordisk A/S (NYSE:NVO)

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