Astrazeneca PLC (AZN) Holdings Cut by PVG Asset Management Corp
PVG Asset Management Corp lessened its position in Astrazeneca PLC (NYSE:AZN) by 70.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 77,746 shares of the company’s stock after selling 186,929 shares during the period. PVG Asset Management Corp’s holdings in Astrazeneca PLC were worth $2,650,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in AZN. Bank of New York Mellon Corp grew its holdings in Astrazeneca PLC by 14.5% in the 1st quarter. Bank of New York Mellon Corp now owns 184,654 shares of the company’s stock worth $5,749,000 after acquiring an additional 23,359 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Astrazeneca PLC by 5.2% during the 1st quarter. SG Americas Securities LLC now owns 19,963 shares of the company’s stock valued at $622,000 after purchasing an additional 993 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of Astrazeneca PLC by 19.1% during the 1st quarter. Teachers Advisors LLC now owns 937,314 shares of the company’s stock valued at $29,188,000 after purchasing an additional 150,135 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Astrazeneca PLC by 55.2% during the 1st quarter. TIAA CREF Investment Management LLC now owns 836,928 shares of the company’s stock valued at $26,062,000 after purchasing an additional 297,561 shares in the last quarter. Finally, Mackenzie Financial Corp bought a new stake in shares of Astrazeneca PLC during the 1st quarter valued at about $220,000. 14.17% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Astrazeneca PLC (AZN) traded up 0.09% during mid-day trading on Friday, reaching $34.26. 2,973,636 shares of the company traded hands. Astrazeneca PLC has a 52 week low of $25.55 and a 52 week high of $35.60. The firm has a market capitalization of $86.75 billion, a price-to-earnings ratio of 22.47 and a beta of 0.76. The firm has a 50-day moving average price of $31.89 and a 200 day moving average price of $32.14.
Astrazeneca PLC (NYSE:AZN) last posted its earnings results on Thursday, July 27th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.46. The firm had revenue of $5.05 billion during the quarter, compared to analyst estimates of $5.04 billion. Astrazeneca PLC had a net margin of 17.80% and a return on equity of 35.90%. The business’s quarterly revenue was down 9.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.83 EPS. On average, analysts anticipate that Astrazeneca PLC will post $1.91 earnings per share for the current year.
The company also recently announced a None dividend, which was paid on Monday, September 11th. Stockholders of record on Friday, August 11th were issued a dividend of $0.44 per share. This represents a dividend yield of 2.98%. The ex-dividend date of this dividend was Wednesday, August 9th. Astrazeneca PLC’s dividend payout ratio (DPR) is 44.92%.
A number of equities research analysts have recently weighed in on the stock. BidaskClub lowered shares of Astrazeneca PLC from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Liberum Capital lowered shares of Astrazeneca PLC from a “buy” rating to a “hold” rating in a research note on Thursday, September 14th. BNP Paribas raised shares of Astrazeneca PLC from a “neutral” rating to an “outperform” rating in a research note on Monday, September 25th. Pareto Securities raised shares of Astrazeneca PLC from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Investec raised shares of Astrazeneca PLC from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $34.35.
About Astrazeneca PLC
AstraZeneca PLC (AstraZeneca) is a biopharmaceutical company. The Company focuses on discovery and development of products, which are then manufactured, marketed and sold. The Company focuses on three main therapy areas: Oncology, Cardiovascular & Metabolic Disease (CVMD) and Respiratory, while selectively pursuing therapies in Autoimmunity, Infection and Neuroscience.
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