Wellington Management Co. LLP has recently announced that it has increased stake in Astrazeneca plc ADR (NASDAQ:AZN) by 0.73%. After grabbing 49.49 million shares, the institutional investor is now in possession of 0.36 million shares of the Healthcare Company. The new investment brought the stake of investor firm to 1.60% having worth around $3.2 billion. Moreover, T. Rowe Price Associates, Inc. increased its share by 0.63 million to have a control over 45.26 million shares. And Jennison Associates LLC raised its holdings to 1.14 million shares by acquiring 22.95 million shares or 0.74% of the stake.
Astrazeneca plc ADR (AZN) concluded trading on 12/27/23 at a closing price of $67.35, with 3.76 million shares of worth about $253.57 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -5.09% during that period and on Wednesday the price saw a gain of about 1.28%. Currently the company’s common shares owned by public are about 3.10B shares, out of which, 3.10B shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 28 analysts are covering the AZN stock and their offered price forecasts bring an average price target of $165.45. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $215.03 and could fall to a lowest price of $130.00. The stock’s current price level is 18.48% above of average price target set by the analysts, while a rise to estimated low would result in gain of 48.19% for the stock. However, touching the estimated high of $215.03 would mean a gain of 68.68% for the stock.
Vanguard PRIMECAP Fund, Washington Mutual Investors Fund, and Vanguard Wellington Fund are the top 3 mutual funds which are holding stakes in Astrazeneca plc ADR Vanguard PRIMECAP Fund is currently holding 25.81 million shares of worth totaling $1.67 billion. The company recently came buying 0.14 million shares which brought its stake up to 0.83% of the company’s outstanding shares. Washington Mutual Investors Fund sold -4.22 million shares, after which its hold over company’s outstanding shares shrunk to 0.73%, leaving 22.46 million shares with the mutual fund that have a worth of about $1.45 billion. Vanguard Wellington Fund, after selling 16.82 million shares, have now control over 0.54% of the stake in the company. It holds -0.25 million shares of worth $1.09 billion.
Astrazeneca plc ADR (NASDAQ: AZN) started trading at $67.56, above $1.06 from concluding price of the previous day. However, the stock later moved at a day high price of 67.58, or with a gain of 1.28%. Stock saw a price change of 2.20% in past 5 days and over the past one month there was a price change of 5.80%. Year-to-date (YTD), AZN shares are showing a performance of -0.66% which decreased to -0.93% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $61.73 but also hit the highest price of $76.56 during that period. The average intraday trading volume for Astrazeneca plc ADR shares is 5.65 million. The stock is currently trading 3.82% above its 20-day simple moving average (SMA20), while that difference is up 4.56% for SMA50 and it goes to -2.13% lower than SMA200.
Wellington Management Co. LLP acquired 49.49 million shares of Astrazeneca plc ADR having value of about $3.2 billion. Data submitted at the U.S SEC by Wellington Management Co. LLP revealed that the firm now holds 0.36 million shares in the company valued at close to $24138172.65, or have control over 0.73% stake in the company. Astrazeneca plc ADR (NASDAQ: AZN) currently have 3.10B outstanding shares and institutions hold larger chunk of about 16.14% of that. Holding of mutual funds in the company is about 7.10% while other institutional holders and individual stake holders have control over 9.08% and — of the stake respectively.
The stock has a current market capitalization of $208.78B and its 3Y-monthly beta is at 0.50. PE ratio of stock for trailing 12 months is 35.62, while it has posted earnings per share of $1.89 in the same period. Its PEG reads 2.80 and has Quick Ratio of 0.60 while making debt-to-equity ratio of 0.77. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AZN, volatility over the week remained 1.15% while standing at 1.13% over the month.
Analysts are in expectations that Astrazeneca plc ADR (AZN) stock would likely to be making an EPS of $0.79 in the current quarter, while forecast for next quarter EPS is $1.01 and it is $4.3 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.69 which is $0.87 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.69 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 10.30% while it is estimated to increase by 13.84% in next year. EPS is likely to grow at an annualized rate of 12.70% for next 5-years, compared to annual growth of -2.17% made by the stock over the past 5-years.
Analysts at 28 brokerage firms have issued recommendations for the Astrazeneca plc ADR (AZN)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.29. Out of those 28 Wall Street analysts, 23 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by HSBC Securities on December 18, 2023 offering a Buy rating for the stock and assigned a target price of $78 to it.
