Wells Fargo & Company MN lifted its holdings in shares of Mylan N.V. (NASDAQ:MYL) by 153.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,480,609 shares of the company’s stock after acquiring an additional 896,513 shares during the quarter. Wells Fargo & Company MN owned approximately 0.28% of Mylan worth $46,447,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bellwether Investment Group LLC lifted its holdings in Mylan by 0.3% during the 2nd quarter. Bellwether Investment Group LLC now owns 6,622 shares of the company’s stock worth $257,000 after purchasing an additional 23 shares during the last quarter. Suntrust Banks Inc. lifted its holdings in Mylan by 0.7% during the 2nd quarter. Suntrust Banks Inc. now owns 9,184 shares of the company’s stock worth $355,000 after purchasing an additional 60 shares during the last quarter. Dai Ichi Life Insurance Company Ltd lifted its holdings in Mylan by 0.4% during the 2nd quarter. Dai Ichi Life Insurance Company Ltd now owns 26,002 shares of the company’s stock worth $1,009,000 after purchasing an additional 107 shares during the last quarter. Wealthsource Partners LLC lifted its holdings in Mylan by 1.9% during the 2nd quarter. Wealthsource Partners LLC now owns 9,330 shares of the company’s stock worth $362,000 after purchasing an additional 177 shares during the last quarter. Finally, Accident Compensation Corp lifted its holdings in Mylan by 0.3% during the 2nd quarter. Accident Compensation Corp now owns 71,035 shares of the company’s stock worth $2,758,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 73.86% of the company’s stock.

Mylan N.V. (NASDAQ MYL) opened at $38.67 on Monday. The company has a current ratio of 1.46, a quick ratio of 0.95 and a debt-to-equity ratio of 1.05. Mylan N.V. has a fifty-two week low of $29.39 and a fifty-two week high of $45.87. The company has a market capitalization of $20,743.98, a price-to-earnings ratio of 8.23, a PEG ratio of 2.12 and a beta of 1.38.

Mylan (NASDAQ:MYL) last posted its quarterly earnings results on Monday, November 6th. The company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.10). Mylan had a return on equity of 20.63% and a net margin of 7.28%. The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period last year, the firm posted $1.38 EPS. Mylan’s quarterly revenue was down 2.3% on a year-over-year basis. research analysts expect that Mylan N.V. will post 4.56 earnings per share for the current fiscal year.

Several analysts recently weighed in on MYL shares. Wells Fargo & Company set a $32.00 price target on Mylan and gave the stock a “hold” rating in a report on Wednesday, October 4th. Morgan Stanley lifted their price objective on Mylan from $36.00 to $39.00 and gave the company an “equal weight” rating in a report on Friday, October 6th. BidaskClub raised Mylan from a “hold” rating to a “buy” rating in a report on Friday, October 27th. BMO Capital Markets reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Mylan in a report on Friday, September 29th. Finally, ValuEngine raised Mylan from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $41.49.

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Mylan Company Profile

Mylan N.V. is a global pharmaceutical company. The Company develops, licenses, manufactures, markets and distributes generic and branded generic products for resale by others; specialty pharmaceuticals, and active pharmaceutical ingredients (APIs). It operates through two segments: Generics and Specialty.

Institutional Ownership by Quarter for Mylan (NASDAQ:MYL)

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