Aberdeen Group plc Acquires 429,351 Shares of Novo Nordisk A/S $NVO

Aberdeen Group plc grew its stake in Novo Nordisk A/S (NYSE:NVOFree Report) by 231.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 614,866 shares of the company’s stock after purchasing an additional 429,351 shares during the quarter. Aberdeen Group plc’s holdings in Novo Nordisk A/S were worth $31,284,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. True Wealth Design LLC lifted its stake in Novo Nordisk A/S by 209.8% in the third quarter. True Wealth Design LLC now owns 443 shares of the company’s stock valued at $25,000 after buying an additional 300 shares during the period. Guerra Advisors Inc acquired a new position in shares of Novo Nordisk A/S during the 3rd quarter worth about $25,000. Strengthening Families & Communities LLC acquired a new position in shares of Novo Nordisk A/S during the 3rd quarter worth about $30,000. Allianz SE increased its stake in shares of Novo Nordisk A/S by 70.0% in the 3rd quarter. Allianz SE now owns 578 shares of the company’s stock valued at $32,000 after acquiring an additional 238 shares during the last quarter. Finally, Financial Life Planners bought a new stake in shares of Novo Nordisk A/S in the 3rd quarter valued at about $33,000. 11.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on NVO. Kepler Capital Markets lowered shares of Novo Nordisk A/S from a “buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Wolfe Research began coverage on shares of Novo Nordisk A/S in a research note on Thursday, March 26th. They issued a “peer perform” rating for the company. Nordea Equity Research lowered shares of Novo Nordisk A/S to a “hold” rating in a report on Tuesday, February 24th. Zacks Research raised shares of Novo Nordisk A/S from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 10th. Finally, Citigroup assumed coverage on shares of Novo Nordisk A/S in a research report on Tuesday, January 27th. They issued a “neutral” rating for the company. Four equities research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $65.56.

Check Out Our Latest Report on NVO

More Novo Nordisk A/S News

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Novo Nordisk A/S Price Performance

Shares of NVO opened at $36.92 on Friday. The stock has a 50 day simple moving average of $43.43 and a 200 day simple moving average of $49.79. Novo Nordisk A/S has a 52-week low of $35.12 and a 52-week high of $81.44. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.57 and a current ratio of 0.80. The firm has a market capitalization of $164.86 billion, a PE ratio of 10.64, a P/E/G ratio of 8.75 and a beta of 0.73.

Novo Nordisk A/S (NYSE:NVOGet Free Report) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. The firm had revenue of $12.43 billion for the quarter, compared to analyst estimates of $11.97 billion. Novo Nordisk A/S had a net margin of 33.03% and a return on equity of 68.91%. Sell-side analysts predict that Novo Nordisk A/S will post 3.84 EPS for the current fiscal year.

Novo Nordisk A/S Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Wednesday, April 8th. Investors of record on Monday, March 30th will be given a $1.2751 dividend. This represents a yield of 723.0%. The ex-dividend date of this dividend is Monday, March 30th. Novo Nordisk A/S’s payout ratio is currently 50.43%.

Novo Nordisk A/S Company Profile

(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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