Capital Guardian Trust Co. Lowers Stake in AstraZeneca plc (AZN)
Capital Guardian Trust Co. decreased its stake in shares of AstraZeneca plc (NYSE:AZN) by 40.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,520 shares of the company’s stock after selling 71,880 shares during the period. Capital Guardian Trust Co.’s holdings in AstraZeneca were worth $3,643,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Trexquant Investment LP bought a new position in AstraZeneca in the second quarter valued at $450,000. Pinnacle Financial Partners Inc. grew its position in AstraZeneca by 2.5% in the second quarter. Pinnacle Financial Partners Inc. now owns 9,233 shares of the company’s stock valued at $314,000 after purchasing an additional 229 shares in the last quarter. Checchi Capital Advisers LLC grew its position in AstraZeneca by 4.2% in the second quarter. Checchi Capital Advisers LLC now owns 21,012 shares of the company’s stock valued at $716,000 after purchasing an additional 841 shares in the last quarter. SG Americas Securities LLC grew its position in AstraZeneca by 29.8% in the second quarter. SG Americas Securities LLC now owns 25,919 shares of the company’s stock valued at $884,000 after purchasing an additional 5,956 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in AstraZeneca by 6.1% in the second quarter. Bank of New York Mellon Corp now owns 195,965 shares of the company’s stock valued at $6,681,000 after purchasing an additional 11,311 shares in the last quarter. 14.75% of the stock is owned by institutional investors.
A number of research analysts recently weighed in on the stock. Liberum Capital downgraded shares of AstraZeneca from a “buy” rating to a “hold” rating in a research report on Thursday, September 14th. BNP Paribas raised shares of AstraZeneca from a “neutral” rating to an “outperform” rating in a research report on Monday, September 25th. BMO Capital Markets reaffirmed a “buy” rating and issued a $38.00 target price on shares of AstraZeneca in a research report on Tuesday, November 7th. Citigroup raised shares of AstraZeneca to a “buy” rating in a research report on Wednesday, October 18th. Finally, Sanford C. Bernstein raised shares of AstraZeneca from a “market perform” rating to an “outperform” rating and raised their target price for the company from $30.00 to $39.00 in a research report on Friday, September 22nd. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $34.20.
AstraZeneca (NYSE:AZN) last announced its quarterly earnings results on Thursday, November 9th. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.55. The firm had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $6 billion. AstraZeneca had a net margin of 15.90% and a return on equity of 34.02%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.32 earnings per share. equities research analysts expect that AstraZeneca plc will post 1.87 EPS for the current year.
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AstraZeneca Company Profile
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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