UMB Bank n.a. Acquires 4,153 Shares of AstraZeneca PLC (NASDAQ:AZN)

UMB Bank n.a. lifted its stake in AstraZeneca PLC (NASDAQ:AZNFree Report) by 34.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,041 shares of the company’s stock after buying an additional 4,153 shares during the period. UMB Bank n.a.’s holdings in AstraZeneca were worth $1,051,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Frank Rimerman Advisors LLC increased its position in shares of AstraZeneca by 25,673.7% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 9,794 shares of the company’s stock worth $764,000 after purchasing an additional 9,756 shares in the last quarter. 1832 Asset Management L.P. raised its stake in shares of AstraZeneca by 7.0% in the second quarter. 1832 Asset Management L.P. now owns 65,772 shares of the company’s stock valued at $5,130,000 after acquiring an additional 4,280 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of AstraZeneca by 15.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,117 shares of the company’s stock worth $484,000 after acquiring an additional 800 shares in the last quarter. Evergreen Capital Management LLC boosted its holdings in shares of AstraZeneca by 6.7% in the 2nd quarter. Evergreen Capital Management LLC now owns 20,231 shares of the company’s stock worth $1,578,000 after acquiring an additional 1,270 shares in the last quarter. Finally, Bank of Montreal Can grew its position in AstraZeneca by 35.5% during the 2nd quarter. Bank of Montreal Can now owns 1,465,575 shares of the company’s stock worth $116,924,000 after acquiring an additional 384,308 shares during the last quarter. Institutional investors own 20.35% of the company’s stock.

AstraZeneca Price Performance

Shares of AZN stock opened at $67.96 on Wednesday. The firm has a market cap of $210.75 billion, a price-to-earnings ratio of 32.52, a PEG ratio of 1.04 and a beta of 0.46. AstraZeneca PLC has a 12 month low of $60.47 and a 12 month high of $87.68. The company has a quick ratio of 0.71, a current ratio of 0.93 and a debt-to-equity ratio of 0.71. The stock has a 50-day moving average price of $66.14 and a 200 day moving average price of $74.39.

AstraZeneca (NASDAQ:AZNGet Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $1.01 by $0.03. AstraZeneca had a net margin of 12.68% and a return on equity of 30.01%. The company had revenue of $13.57 billion during the quarter, compared to analysts’ expectations of $13.08 billion. During the same quarter in the previous year, the company earned $0.87 EPS. AstraZeneca’s revenue was up 18.0% on a year-over-year basis. Research analysts expect that AstraZeneca PLC will post 4.11 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on AZN shares. Deutsche Bank Aktiengesellschaft upgraded AstraZeneca from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. UBS Group raised AstraZeneca from a “sell” rating to a “neutral” rating in a report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $89.75.

Read Our Latest Research Report on AstraZeneca

AstraZeneca Profile

(Free Report)

AstraZeneca PLC, a biopharmaceutical company, focuses on the discovery, development, manufacture, and commercialization of prescription medicines. The company’s marketed products include Tagrisso, Imfinzi, Lynparza, Calquence, Enhertu, Orpathys, Truqap, Zoladex, Faslodex, Farxiga, Brilinta, Lokelma, Roxadustat, Andexxa, Crestor, Seloken, Onglyza, Bydureon, Fasenra, Breztri, Symbicort, Saphnelo, Tezspire, Pulmicort, Bevespi, and Daliresp for cardiovascular, renal, metabolism, and oncology.

Further Reading

Institutional Ownership by Quarter for AstraZeneca (NASDAQ:AZN)

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