D.A. Davidson Cuts Novartis Stake as Other Investors Add Shares
D.A. Davidson & Co. cut Novartis holdings to 163,017 shares, while Auto Owners Insurance Co, Morgan Stanley and GQG Partners increased stakes. Arrowstreet Capital added a new position. Novartis reported quarterly EPS of $2.41 on $14.95B revenue, with analysts projecting $8.85 EPS for the fiscal year.