Cetera Advisors LLC bought a new stake in AstraZeneca plc (NYSE:AZN) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,925 shares of the company’s stock, valued at approximately $339,000.
Other hedge funds have also recently made changes to their positions in the company. Premier Asset Management LLC grew its position in AstraZeneca by 8.0% in the 4th quarter. Premier Asset Management LLC now owns 32,700 shares of the company’s stock valued at $1,242,000 after buying an additional 2,425 shares in the last quarter. Covington Capital Management boosted its position in shares of AstraZeneca by 1,100.0% during the 4th quarter. Covington Capital Management now owns 2,400 shares of the company’s stock valued at $91,000 after purchasing an additional 2,200 shares in the last quarter. Wexford Capital LP bought a new position in shares of AstraZeneca during the 4th quarter valued at about $7,504,000. IHT Wealth Management LLC boosted its position in shares of AstraZeneca by 9.9% during the 4th quarter. IHT Wealth Management LLC now owns 13,754 shares of the company’s stock valued at $522,000 after purchasing an additional 1,235 shares in the last quarter. Finally, Voloridge Investment Management LLC bought a new position in shares of AstraZeneca during the 4th quarter valued at about $8,220,000. Institutional investors and hedge funds own 18.31% of the company’s stock.
AZN stock traded up $0.03 during midday trading on Wednesday, hitting $38.72. 3,087,708 shares of the company traded hands, compared to its average volume of 5,483,647. AstraZeneca plc has a twelve month low of $34.38 and a twelve month high of $43.29. The company has a quick ratio of 0.78, a current ratio of 0.96 and a debt-to-equity ratio of 1.24. The company has a market cap of $98.24 billion, a PE ratio of 11.19, a price-to-earnings-growth ratio of 1.19 and a beta of 0.51.
The business also recently declared a semiannual dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 1st were issued a dividend of $0.95 per share. This represents a yield of 4.64%. The ex-dividend date of this dividend was Thursday, February 28th. This is an increase from AstraZeneca’s previous semiannual dividend of $0.45. AstraZeneca’s dividend payout ratio (DPR) is 53.76%.
A number of analysts have commented on the stock. Zacks Investment Research raised shares of AstraZeneca from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Tuesday, April 16th. UBS Group lowered shares of AstraZeneca from a “neutral” rating to a “sell” rating and set a $40.73 price objective for the company. in a research note on Tuesday, April 2nd. ValuEngine lowered shares of AstraZeneca from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Cowen raised shares of AstraZeneca from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $42.00 to $48.00 in a research report on Monday, April 1st. Finally, Main First Bank reissued a “buy” rating on shares of AstraZeneca in a research report on Tuesday, March 19th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $45.29.
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AstraZeneca PLC discovers, develops, and commercializes prescription medicines in the areas of oncology, cardiovascular, renal and metabolism, respiratory, autoimmunity, infection, neuroscience, and gastroenterology worldwide. Its marketed products include Arimidex, Casodex/Cosudex, Calquence, Faslodex, Imfinzi, Iressa, Lynparza, Nolvadex, Tagrisso, and Zoladex for oncology diseases; Atacand1/Atacand HCT/Atacand Plus, Brilinta/Brilique, Crestor, Plendil, Seloken/Toprol-XL, Tenormin, and Zestril for cardiovascular diseases; and Bydureon, Byetta, Farxiga/Forxiga, Kombiglyze XR, Komboglyze, Onglyza, Qtern, Symlin, Xigduo, and Xigduo XR for metabolic diseases.
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