Marietta Wealth Management LLC Has $650000 Stake in Novartis AG (NYSE:NVS)

Marco Green
December 17, 2017

The company had revenue of $12.41 billion for the quarter, compared to the consensus estimate of $12.21 billion. The institutional investor held 554,407 shares of the major pharmaceuticals company at the end of 2017Q2, valued at $46.28M, up from 492,341 at the end of the previous reported quarter. Capital One National Association who had been investing in Novartis A G for a number of months, seems to be less bullish one the $201.02B market cap company.

The stock decreased 0.22% or $0.19 during the last trading session, reaching $84.47. Cable Hill Partners LLC now owns 1,295 shares of the company's stock worth $112,000 after purchasing an additional 1,107 shares during the last quarter.

Novartis (NYSE:NVS) last issued its earnings results on Tuesday, October 24th. It has underperformed by 9.03% the S&P500. (TJX) by 46.97% based on its latest 2017Q2 regulatory filing with the SEC. The fund owned 232,833 shares of the company's stock after selling 12,570 shares during the quarter. The institutional investor held 41,930 shares of the consumer services company at the end of 2017Q2, valued at $3.03M, up from 28,530 at the end of the previous reported quarter. Lazard Asset Management Llc who had been investing in General Dynamic for a number of months, seems to be less bullish one the $59.37 billion market cap company. The stock increased 1.64% or $2.1 during the last trading session, reaching $129.82. About 106,548 shares traded or 111.57% up from the average. (NYSE:TJX) has declined 2.02% since December 16, 2016 and is downtrending. It has outperformed by 17.85% the S&P500. Four analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. Therefore 69% are positive.

WARNING: "Novartis AG (NVS) Receives Average Recommendation of "Hold" from Analysts" was posted by The Lincolnian Online and is the property of of The Lincolnian Online. Trust Co Of Oklahoma acquired 186 shares as Novartis Ag Sponsored Adr (NVS)'s stock rose 4.17%. On Thursday, May 11 the stock rating was maintained by Barclays Capital with "Equal Weight". J P Morgan Chase Co maintained the stock with "Neutral" rating in Friday, June 16 report. The company was downgraded on Wednesday, March 23 by Leerink Swann. The rating was maintained by Stifel Nicolaus with "Hold" on Tuesday, October 10. The stock of Novartis AG (NYSE:NVS) has "Hold" rating given on Monday, September 11 by Cowen & Co. The rating was downgraded by UBS on Friday, April 1 to "Neutral". The firm earned "Hold" rating on Thursday, June 1 by HSBC. Credit Suisse maintained the shares of TJX in report on Wednesday, August 2 with "Hold" rating. Chardan Capital Markets maintained Novartis AG (NYSE:NVS) rating on Monday, October 10. They expect $1.16 earnings per share, up 3.57% or $0.04 from last year's $1.12 per share. NVS's profit will be $2.75B for 18.20 P/E if the $1.16 EPS becomes a reality. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.04.

Investors sentiment decreased to 1.09 in 2017 Q2. The company has a quick ratio of 0.81, a current ratio of 1.08 and a debt-to-equity ratio of 0.32. GFS Advisors LLC raised its stake in shares of Novartis by 6.5% in the 2nd quarter. 241.03 million shares or 2.97% less from 248.42 million shares in 2017Q1 were reported. 157,267 were accumulated by Lsv Asset Mngmt. Putnam Invs Limited Com reported 14,812 shares. Sterling Mgmt Ltd Limited Liability Company, a North Carolina-based fund reported 19,641 shares. West Oak Cap Limited Liability stated it has 0% in The Kroger Co. (NYSE:KR). Ajo LP holds 165,955 shares. Davenport & stated it has 0% of its portfolio in General Dynamics Corporation (NYSE:GD). Union Bankshares Corp now owns 37,521 shares of the company's stock valued at $3,132,000 after purchasing an additional 99 shares during the period. (NYSE:KR) for 30,966 shares. Massmutual Fsb Adv holds 159 shares or 0% of its portfolio. Mondrian Investment Partners Ltd bought 62,066 shares as the company's stock rose 4.17% with the market.

Analysts await General Dynamics Corporation (NYSE:GD) to report earnings on January, 26. (NASDAQ:HMST). Capstone Asset Mngmt accumulated 0.01% or 8,250 shares. Societe Generale upgraded the stock to "Buy" rating in Wednesday, March 8 report. Therefore 60% are positive. Marriott International had 55 analyst reports since August 5, 2015 according to SRatingsIntel. Jefferies maintained General Dynamics Corporation (NYSE:GD) rating on Tuesday, September 12. The stock has "Outperform" rating by Wedbush on Wednesday, August 17. Chardan Capital Markets has "Buy" rating and $92 target. The firm has "Outperform" rating given on Wednesday, October 28 by Telsey Advisory Group. (NASDAQ:HMST) rating on Thursday, January 26. The rating was maintained by Deutsche Bank with "Buy" on Friday, December 4. Citigroup maintained it with "Neutral" rating and $215 target in Monday, October 9 report.

Great Lakes Advisors Llc, which manages about $5.40 billion and $4.08 billion US Long portfolio, upped its stake in Teradyne Inc (NYSE:TER) by 29,180 shares to 319,774 shares, valued at $9.60 million in 2017Q2, according to the filing.

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