Iams Wealth Management LLC Buys 6,769 Shares of Novo Nordisk A/S (NYSE:NVO)

Iams Wealth Management LLC raised its stake in shares of Novo Nordisk A/S (NYSE:NVOFree Report) by 39.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,772 shares of the company’s stock after acquiring an additional 6,769 shares during the quarter. Iams Wealth Management LLC’s holdings in Novo Nordisk A/S were worth $2,045,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of NVO. Xponance Inc. lifted its holdings in shares of Novo Nordisk A/S by 27.6% during the 2nd quarter. Xponance Inc. now owns 2,665 shares of the company’s stock valued at $380,000 after purchasing an additional 576 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Novo Nordisk A/S by 110.5% during the 2nd quarter. AQR Capital Management LLC now owns 17,164 shares of the company’s stock valued at $2,450,000 after purchasing an additional 9,012 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Novo Nordisk A/S by 2.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 131,876 shares of the company’s stock valued at $18,824,000 after purchasing an additional 2,817 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in shares of Novo Nordisk A/S by 1.3% during the 2nd quarter. Sunbelt Securities Inc. now owns 10,752 shares of the company’s stock valued at $1,535,000 after purchasing an additional 138 shares during the last quarter. Finally, EP Wealth Advisors LLC lifted its holdings in shares of Novo Nordisk A/S by 37.6% during the 2nd quarter. EP Wealth Advisors LLC now owns 65,844 shares of the company’s stock valued at $9,399,000 after purchasing an additional 17,982 shares during the last quarter. Institutional investors own 11.54% of the company’s stock.

Novo Nordisk A/S Stock Performance

NYSE NVO opened at $85.51 on Wednesday. The stock has a 50-day simple moving average of $94.75 and a two-hundred day simple moving average of $114.02. The firm has a market capitalization of $383.73 billion, a P/E ratio of 27.70, a PEG ratio of 0.90 and a beta of 0.45. Novo Nordisk A/S has a fifty-two week low of $78.17 and a fifty-two week high of $148.15. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.75 and a current ratio of 0.94.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on NVO shares. BMO Capital Markets reduced their target price on Novo Nordisk A/S from $156.00 to $105.00 and set an “outperform” rating for the company in a research note on Monday, December 23rd. BNP Paribas upgraded Novo Nordisk A/S to a “strong-buy” rating in a research note on Monday, December 2nd. StockNews.com lowered Novo Nordisk A/S from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 29th. UBS Group upgraded Novo Nordisk A/S from a “sell” rating to a “buy” rating in a research note on Wednesday, January 8th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $160.00 target price on shares of Novo Nordisk A/S in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $145.25.

Check Out Our Latest Stock Report on NVO

Novo Nordisk A/S Profile

(Free Report)

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

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