AlconALC
Market Cap: 46.1B
About: Alcon is one of the leading visioncare companies in the world. Following nine years as a Novartis subsidiary, it was spun off as a public company in April 2019. Alcon operates in two segments: visioncare and surgical. Visioncare comprises contact lenses, lenscare solutions, and a suite of ocular health products. With brands like Dailies, Total1, and Air Optix, Alcon controls one fourth of the U.S. contact lens market. Surgical comprises intraocular lenses, ophthalmic surgical equipment, and consumables used during surgeries. Its main products include Centurion, a phacoemulsification device used during cataract surgeries, and a portfolio of IOLs including PanOptix and Vivity. Alcon has one of the largest installed bases of eye surgical equipment in the world.
Employees: 25,315
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
41% more call options, than puts
Call options by funds: $221M | Put options by funds: $157M
8% more capital invested
Capital invested by funds: $17.9B [Q4 2023] → $19.3B (+$1.36B) [Q1 2024]
0.16% more ownership
Funds ownership: 46.95% [Q4 2023] → 47.12% (+0.16%) [Q1 2024]
1% less funds holding
Funds holding: 595 [Q4 2023] → 591 (-4) [Q1 2024]
5% less first-time investments, than exits
New positions opened: 69 | Existing positions closed: 73
6% less repeat investments, than reductions
Existing positions increased: 190 | Existing positions reduced: 203
6% less funds holding in top 10
Funds holding in top 10: 16 [Q4 2023] → 15 (-1) [Q1 2024]
Research analyst outlook
20 Wall Street Analysts provided 1 year price forecasts over the past 6 months
20 analyst ratings
BTIG Ryan Zimmerman | 3%upside $96 | Buy Maintained | 15 Jul 2024 |
Morgan Stanley Patrick Wood | 9%downside $85 | Equal-Weight Upgraded | 15 Jul 2024 |
Needham David Saxon | 8%upside $101 | Buy Reiterated | 12 Jul 2024 |
Wells Fargo Larry Biegelsen | 1%upside $94 | Overweight Maintained | 15 May 2024 |
Oppenheimer Steven Lichtman | 10%upside $103 | Outperform Upgraded | 15 May 2024 |
Financial journalist opinion
Based on 5 articles about ALC published over the past 30 days