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Institutional investors adjusted stakes in Novo Nordisk amid strong earnings and a $55.61 stock price.
Institutional investors made notable changes to their stakes in Novo Nordisk A/S (NVO) during the second quarter, with Smith Chas P & Associates PA Cpas increasing its position by 143.6% and Capital Insight Partners LLC reducing its holding by 8.5%.
The company reported second-quarter earnings of $0.97 per share, surpassing estimates by $0.04, with revenue of $11.69 billion.
Novo Nordisk, a global leader in diabetes, obesity care, and rare disease treatments, has a market cap of $248.3 billion and a consensus "Hold" rating from analysts, with a target price around $75–81.
The stock trades at $55.61, has a P/E ratio of 15.28, and recently paid a semi-annual dividend of $0.4119 per share.
Los inversores institucionales ajustaron las participaciones en Novo Nordisk en medio de fuertes ganancias y un precio de las acciones de $ 55.61.