TT International lowered its position in shares of TEVA PHARM ADR (NYSE:TEVA) by 31.7% during the third quarter, Holdings Channel reports. The firm owned 938,594 shares of the company’s stock after selling 436,589 shares during the period. TEVA PHARM ADR makes up about 11.8% of TT International’s portfolio, making the stock its 2nd largest position. TT International owned approximately 0.10% of TEVA PHARM ADR worth $43,184,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in the stock. Cheyne Capital Management UK LLP bought a new stake in shares of TEVA PHARM ADR during the second quarter worth $2,009,000. Bartlett & Co. LLC raised its stake in shares of TEVA PHARM ADR by 14.1% in the second quarter. Bartlett & Co. LLC now owns 4,526 shares of the company’s stock worth $227,000 after buying an additional 559 shares during the period. Argyle Capital Management Inc. raised its stake in shares of TEVA PHARM ADR by 10.7% in the second quarter. Argyle Capital Management Inc. now owns 37,502 shares of the company’s stock worth $1,884,000 after buying an additional 3,630 shares during the period. Cullen Frost Bankers Inc. raised its stake in shares of TEVA PHARM ADR by 6.2% in the second quarter. Cullen Frost Bankers Inc. now owns 10,838 shares of the company’s stock worth $545,000 after buying an additional 630 shares during the period. Finally, Diversified Trust Co raised its stake in shares of TEVA PHARM ADR by 20.4% in the second quarter. Diversified Trust Co now owns 57,607 shares of the company’s stock worth $2,894,000 after buying an additional 9,770 shares during the period. 54.53% of the stock is currently owned by hedge funds and other institutional investors.
TEVA PHARM ADR (NYSE:TEVA) opened at 34.10 on Thursday. TEVA PHARM ADR has a 52-week low of $33.56 and a 52-week high of $64.31. The company’s 50 day moving average is $36.11 and its 200-day moving average is $45.20. The stock has a market cap of $34.61 billion, a PE ratio of 19.84 and a beta of 0.65.
TEVA PHARM ADR (NYSE:TEVA) last announced its earnings results on Tuesday, November 15th. The company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.02. The company earned $5.56 billion during the quarter, compared to analysts’ expectations of $5.71 billion. TEVA PHARM ADR had a net margin of 8.81% and a return on equity of 16.75%. The firm’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.35 earnings per share. On average, equities analysts anticipate that TEVA PHARM ADR will post $5.12 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 20th. Stockholders of record on Monday, December 5th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date of this dividend was Thursday, December 1st. TEVA PHARM ADR’s dividend payout ratio is presently 67.44%.
Several research firms have commented on TEVA. Leerink Swann reaffirmed a “buy” rating on shares of TEVA PHARM ADR in a report on Friday, September 23rd. Mizuho reaffirmed a “buy” rating and issued a $64.00 price target on shares of TEVA PHARM ADR in a report on Monday, September 26th. OTR Global began coverage on shares of TEVA PHARM ADR in a report on Thursday, September 29th. They issued a “positive” rating on the stock. Wells Fargo & Co. reaffirmed a “buy” rating on shares of TEVA PHARM ADR in a report on Monday, October 3rd. Finally, Bank of America Corp. set a $72.00 price target on shares of TEVA PHARM ADR and gave the company a “buy” rating in a report on Saturday, October 1st. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $56.38.
TEVA PHARM ADR Company Profile
Teva Pharmaceutical Industries Limited is a global pharmaceutical company. The Company is engaged in developing, producing and marketing generic medicines and a portfolio of specialty medicines. The Company operates through two segments: Generic medicines and Specialty medicines. It has a global portfolio of approximately 1,000 molecules.
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