Aberdeen Group plc Has $31.28 Million Position in Novo Nordisk A/S $NVO

Aberdeen Group plc boosted its position in Novo Nordisk A/S (NYSE:NVOFree Report) by 231.4% during the fourth quarter, Holdings Channel reports. The institutional investor 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 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. True Wealth Design LLC raised its holdings in shares of 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 purchasing an additional 300 shares during the last quarter. Guerra Advisors Inc bought a new position in Novo Nordisk A/S in the third quarter valued at $25,000. Strengthening Families & Communities LLC acquired a new stake in Novo Nordisk A/S in the 3rd quarter valued at $30,000. Allianz SE lifted its position in Novo Nordisk A/S by 70.0% during the 3rd quarter. Allianz SE now owns 578 shares of the company’s stock worth $32,000 after buying an additional 238 shares in the last quarter. Finally, Financial Life Planners bought a new stake in Novo Nordisk A/S during the 3rd quarter worth about $33,000. Institutional investors and hedge funds own 11.54% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on NVO shares. JPMorgan Chase & Co. restated a “neutral” rating on shares of Novo Nordisk A/S in a report on Tuesday, February 24th. Kepler Capital Markets lowered Novo Nordisk A/S from a “buy” rating to a “hold” rating in a report on Tuesday, February 24th. Deutsche Bank Aktiengesellschaft cut Novo Nordisk A/S from a “buy” rating to a “hold” rating in a research report on Monday, February 23rd. Nordea Equity Research lowered Novo Nordisk A/S to a “hold” rating in a research report on Tuesday, February 24th. Finally, Jefferies Financial Group upgraded Novo Nordisk A/S from an “underperform” rating to a “hold” rating in a research note on Thursday, February 12th. Four analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $65.56.

Read Our Latest Stock Analysis on NVO

Novo Nordisk A/S Stock Performance

NVO opened at $36.92 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.80 and a debt-to-equity ratio of 0.61. Novo Nordisk A/S has a 12-month low of $35.12 and a 12-month high of $81.44. The business has a 50 day moving average of $43.43 and a 200-day moving average of $49.79. The stock has a market cap of $164.86 billion, a price-to-earnings ratio of 10.64, a PEG ratio of 8.75 and a beta of 0.73.

Novo Nordisk A/S (NYSE:NVOGet Free Report) last posted 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. Novo Nordisk A/S had a return on equity of 68.91% and a net margin of 33.03%.The business had revenue of $12.43 billion for the quarter, compared to analysts’ expectations of $11.97 billion. On average, equities research analysts expect that Novo Nordisk A/S will post 3.84 earnings per share for the current year.

Novo Nordisk A/S Dividend Announcement

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

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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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