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Thomas Story & Son Has Cut Its Stake in Express Scripts Holding Co (ESRX) as Shares Declined; Professional Advisory Services Has Lowered Its Stake in Novartis Ag (NVS) as Valuation Rose

Professional Advisory Services Inc decreased its stake in Novartis Ag (NVS) by 1.78% based on its latest 2017Q3 regulatory filing with the SEC. Professional Advisory Services Inc sold 3,980 shares as the company’s stock rose 4.17% with the market. The institutional investor held 219,758 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $18.87M, down from 223,738 at the end of the previous reported quarter. Professional Advisory Services Inc who had been investing in Novartis Ag for a number of months, seems to be less bullish one the $192.11B market cap company. The stock increased 0.27% or $0.23 during the last trading session, reaching $86.91. About 983,166 shares traded. Novartis AG (NYSE:NVS) has risen 7.67% since February 18, 2017 and is uptrending. It has underperformed by 9.03% the S&P500.

Thomas Story & Son Llc decreased its stake in Express Scripts Holding Co (ESRX) by 31.77% based on its latest 2017Q3 regulatory filing with the SEC. Thomas Story & Son Llc sold 26,300 shares as the company’s stock declined 14.09% while stock markets rallied. The institutional investor held 56,490 shares of the medical and nursing services company at the end of 2017Q3, valued at $3.58M, down from 82,790 at the end of the previous reported quarter. Thomas Story & Son Llc who had been investing in Express Scripts Holding Co for a number of months, seems to be less bullish one the $42.61B market cap company. The stock increased 1.57% or $1.16 during the last trading session, reaching $75.23. About 3.14M shares traded. Express Scripts Holding Company (NASDAQ:ESRX) has declined 16.92% since February 18, 2017 and is downtrending. It has underperformed by 33.62% the S&P500.

Professional Advisory Services Inc, which manages about $469.41 million US Long portfolio, upped its stake in Omnicom Group (NYSE:OMC) by 16,687 shares to 170,662 shares, valued at $12.64M in 2017Q3, according to the filing. It also increased its holding in Facebook Inc (NASDAQ:FB) by 7,496 shares in the quarter, for a total of 92,299 shares, and has risen its stake in Disney (The Walt) Co. (NYSE:DIS).

Among 16 analysts covering Novartis Ag (NYSE:NVS), 5 have Buy rating, 4 Sell and 7 Hold. Therefore 31% are positive. Novartis Ag had 36 analyst reports since July 28, 2015 according to SRatingsIntel. On Wednesday, July 5 the stock rating was downgraded by Credit Suisse to “Underperform”. The rating was downgraded by Credit Suisse on Wednesday, January 11 to “Neutral”. Cowen & Co maintained the shares of NVS in report on Monday, July 10 with “Hold” rating. The stock has “Hold” rating by Cowen & Co on Friday, October 13. On Tuesday, January 3 the stock rating was downgraded by JP Morgan to “Neutral”. The company was maintained on Wednesday, August 9 by Cowen & Co. The firm has “Buy” rating by Argus Research given on Thursday, November 10. As per Tuesday, March 29, the company rating was downgraded by Citigroup. The firm has “Hold” rating given on Friday, February 2 by Cowen & Co. The rating was downgraded by Cowen & Co to “Market Perform” on Wednesday, April 5.

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