Tower Bridge Advisors Has Lowered By $1.58 Billion Its Novartis Adr (NVS) Position; Royce Global Value Trust Has 1.33 Sentiment

November 15, 2017 - By Darrin Black

About 12,593 shares traded. Royce Global Value Trust, Inc. (RGT) has 0.00% since November 15, 2016 and is . It has underperformed by 16.70% the S&P500.

Tower Bridge Advisors decreased Novartis Adr (NVS) stake by 17.14% reported in 2017Q2 SEC filing. Tower Bridge Advisors sold 18,920 shares as Novartis Adr (NVS)’s stock rose 4.17%. The Tower Bridge Advisors holds 91,477 shares with $7.64 billion value, down from 110,397 last quarter. Novartis Adr now has $214.55 billion valuation. The stock declined 0.52% or $0.43 reaching $82.6 per share. About 293,052 shares traded. Novartis AG (ADR) (NYSE:NVS) has risen 7.67% since November 15, 2016 and is uptrending. It has underperformed by 9.03% the S&P500.

Among 15 analysts covering Novartis Ag (NYSE:NVS), 5 have Buy rating, 3 Sell and 7 Hold. Therefore 33% are positive. Novartis Ag had 33 analyst reports since July 28, 2015 according to SRatingsIntel. Chardan Capital Markets initiated the stock with “Buy” rating in Tuesday, September 20 report. On Wednesday, March 8 the stock rating was upgraded by Societe Generale to “Buy”. As per Wednesday, April 5, the company rating was downgraded by Cowen & Co. The firm has “Overweight” rating given on Wednesday, July 26 by Morgan Stanley. Cowen & Co maintained the shares of NVS in report on Wednesday, August 9 with “Hold” rating. Barclays Capital upgraded Novartis AG (ADR) (NYSE:NVS) on Friday, June 23 to “Hold” rating. JP Morgan downgraded Novartis AG (ADR) (NYSE:NVS) on Tuesday, January 3 to “Neutral” rating. As per Tuesday, April 5, the company rating was initiated by Argus Research. Leerink Swann downgraded the stock to “Market Perform” rating in Wednesday, March 23 report. The rating was maintained by Cowen & Co with “Hold” on Monday, September 11.

Tower Bridge Advisors increased United Parcel Svc Inc (NYSE:UPS) stake by 242 shares to 3,705 valued at $409.74M in 2017Q2. It also upped Whirlpool Corp (NYSE:WHR) stake by 3,949 shares and now owns 46,433 shares. Weyerhaeuser Co (NYSE:WY) was raised too.

Analysts await Novartis AG (ADR) (NYSE:NVS) to report earnings on January, 24. They expect $1.16 EPS, up 3.57% or $0.04 from last year’s $1.12 per share. NVS’s profit will be $3.01B for 17.80 P/E if the $1.16 EPS becomes a reality. After $1.29 actual EPS reported by Novartis AG (ADR) for the previous quarter, Wall Street now forecasts -10.08% negative EPS growth.

Financial & Investment Management Group Ltd holds 0.44% of its portfolio in Royce Global Value Trust, Inc. for 125,327 shares. Cornerstone Advisors Inc owns 206,921 shares or 0.36% of their US portfolio. Moreover, Blue Bell Private Wealth Management Llc has 0.22% invested in the company for 46,899 shares. The Virginia-based 1607 Capital Partners Llc has invested 0.15% in the stock. Punch & Associates Investment Management Inc., a Minnesota-based fund reported 165,120 shares.

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