HBK Investments L P Buys New Holdings in AstraZeneca plc (AZN)

HBK Investments L P bought a new position in AstraZeneca plc (NYSE:AZN) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 23,400 shares of the company’s stock, valued at approximately $812,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Pinnacle Wealth Planning Services Inc. acquired a new stake in AstraZeneca in the 4th quarter worth approximately $101,000. Valeo Financial Advisors LLC acquired a new stake in AstraZeneca in the 3rd quarter worth approximately $133,000. Delpha Capital Management LLC acquired a new stake in AstraZeneca in the 4th quarter worth approximately $152,000. Calton & Associates Inc. acquired a new stake in AstraZeneca in the 4th quarter worth approximately $181,000. Finally, Wealthcare Advisory Partners LLC acquired a new stake in AstraZeneca in the 3rd quarter worth approximately $184,000. Hedge funds and other institutional investors own 15.13% of the company’s stock.

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AZN stock opened at $34.17 on Friday. AstraZeneca plc has a 1-year low of $28.43 and a 1-year high of $36.70. The company has a market capitalization of $87,308.93, a P/E ratio of 14.42, a PEG ratio of 1.79 and a beta of 0.71. The company has a current ratio of 0.80, a quick ratio of 0.62 and a debt-to-equity ratio of 0.93.

AstraZeneca (NYSE:AZN) last issued its quarterly earnings results on Friday, February 2nd. The company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.86. AstraZeneca had a return on equity of 34.74% and a net margin of 13.36%. The company had revenue of $5.78 billion during the quarter, compared to analyst estimates of $5.49 billion. During the same period in the previous year, the company earned $1.21 earnings per share. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. equities research analysts anticipate that AstraZeneca plc will post 1.7 EPS for the current year.

The firm also recently declared a semiannual dividend, which was paid on Monday, March 19th. Stockholders of record on Friday, February 16th were issued a dividend of $0.95 per share. The ex-dividend date was Thursday, February 15th. This represents a dividend yield of 5.62%. AstraZeneca’s dividend payout ratio (DPR) is presently 57.81%.

Several equities research analysts recently weighed in on the company. BMO Capital Markets restated a “buy” rating and issued a $38.00 target price on shares of AstraZeneca in a report on Friday, January 26th. Zacks Investment Research upgraded AstraZeneca from a “sell” rating to a “hold” rating in a report on Monday, January 22nd. ValuEngine upgraded AstraZeneca from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 3rd. Leerink Swann restated a “market perform” rating and issued a $36.00 target price (up from $33.00) on shares of AstraZeneca in a report on Thursday, January 18th. Finally, Sanford C. Bernstein boosted their target price on AstraZeneca from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Monday, February 5th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $36.32.

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AstraZeneca Profile

AstraZeneca PLC (AstraZeneca) is a biopharmaceutical company. The Company focuses on discovery and development of products, which are then manufactured, marketed and sold. The Company focuses on three main therapy areas: Oncology, Cardiovascular & Metabolic Disease (CVMD) and Respiratory, while selectively pursuing therapies in Autoimmunity, Infection and Neuroscience.

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Institutional Ownership by Quarter for AstraZeneca (NYSE:AZN)

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