Reynders Mcveigh Capital Management Upped Stake in Novartis Ag Sp Adr (NVS) as Market Value Rose; Realty Income Com (O) Holder Tarbox Group Has Lifted Holding

February 22, 2018 - By Marguerite Chambers

Reynders Mcveigh Capital Management Llc increased its stake in Novartis Ag Sp Adr (NVS) by 3.33% based on its latest 2017Q3 regulatory filing with the SEC. Reynders Mcveigh Capital Management Llc bought 9,889 shares as the company’s stock rose 4.17% with the market. The institutional investor held 306,484 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $26.31 million, up from 296,595 at the end of the previous reported quarter. Reynders Mcveigh Capital Management Llc who had been investing in Novartis Ag Sp Adr for a number of months, seems to be bullish on the $185.43B market cap company. The stock decreased 0.56% or $0.48 during the last trading session, reaching $84.89. About 907,529 shares traded. Novartis AG (NYSE:NVS) has risen 7.67% since February 22, 2017 and is uptrending. It has underperformed by 9.03% the S&P500.

Tarbox Group Inc increased its stake in Realty Income Corp Com (O) by 9.25% based on its latest 2017Q3 regulatory filing with the SEC. Tarbox Group Inc bought 9,272 shares as the company’s stock declined 10.86% while stock markets rallied. The institutional investor held 109,562 shares of the real estate investment trusts company at the end of 2017Q3, valued at $6.27 million, up from 100,290 at the end of the previous reported quarter. Tarbox Group Inc who had been investing in Realty Income Corp Com for a number of months, seems to be bullish on the $13.66B market cap company. The stock decreased 2.04% or $1.01 during the last trading session, reaching $48.39. About 3.50M shares traded or 56.97% up from the average. Realty Income Corporation (NYSE:O) has declined 8.21% since February 22, 2017 and is downtrending. It has underperformed by 24.91% the S&P500.

Reynders Mcveigh Capital Management Llc, which manages about $978.23M and $766.91M US Long portfolio, decreased its stake in Ipg Photonics Corp (NASDAQ:IPGP) by 7,106 shares to 106,060 shares, valued at $19.63M in 2017Q3, according to the filing. It also reduced its holding in Chipotle Mexican Grill Inc Cl (NYSE:CMG) by 8,489 shares in the quarter, leaving it with 687 shares, and cut its stake in Perrigo Co Pcl (NYSE:PRGO).

Among 16 analysts covering Novartis Ag (NYSE:NVS), 5 have Buy rating, 4 Sell and 7 Hold. Therefore 31% are positive. Novartis Ag had 36 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Novartis AG (NYSE:NVS) has “Neutral” rating given on Friday, June 16 by J P Morgan Chase Co. The company was downgraded on Wednesday, April 5 by Cowen & Co. The firm has “Hold” rating by Argus Research given on Tuesday, April 5. Credit Suisse downgraded Novartis AG (NYSE:NVS) on Wednesday, July 5 to “Underperform” rating. The firm has “Hold” rating given on Monday, September 11 by Cowen & Co. The firm earned “Hold” rating on Friday, October 13 by Cowen & Co. On Wednesday, October 28 the stock rating was downgraded by Mainfirst to “Underperform”. The stock of Novartis AG (NYSE:NVS) has “Market Perform” rating given on Thursday, January 25 by Leerink Swann. The rating was maintained by JP Morgan with “Neutral” on Wednesday, April 19. The stock has “Neutral” rating by Credit Suisse on Wednesday, January 11.

Among 16 analysts covering Realty Income (NYSE:O), 5 have Buy rating, 2 Sell and 9 Hold. Therefore 31% are positive. Realty Income had 33 analyst reports since July 23, 2015 according to SRatingsIntel. The company was initiated on Thursday, August 25 by BTIG Research. The firm earned “Buy” rating on Thursday, August 20 by Zacks. The company was upgraded on Wednesday, December 20 by Raymond James. Zacks downgraded Realty Income Corporation (NYSE:O) on Tuesday, September 22 to “Hold” rating. The rating was maintained by Ladenburg with “Hold” on Thursday, October 26. Wells Fargo upgraded the shares of O in report on Tuesday, December 15 to “Outperform” rating. On Tuesday, December 13 the stock rating was upgraded by Morgan Stanley to “Overweight”. The firm earned “Underperform” rating on Monday, January 9 by Raymond James. As per Wednesday, September 27, the company rating was maintained by Stifel Nicolaus. The stock has “Neutral” rating by Mizuho on Friday, October 14.

Since September 19, 2017, it had 0 insider buys, and 1 sale for $188,320 activity.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By1 Marguerite Chambers

Automatic Stock Updates

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: