Alcon Inc.
In the published model solve dated 2026-Q2, anchored at $72.01, Alcon Inc. (ALC) is priced for +20.0% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• Alcon's reported profits look nothing like the business the price is paying for: first-quarter 2026 diluted earnings were 39 cents a share against the company's own core measure of 85 cents, on an operating margin of 10.9% [Source: Alcon Q1 2026 results, May 5, 2026]. • Tariffs are the live external risk, and the FY2025 20-F puts a number on them: ⟦Additional tariffs incurred in the United States and China during the twelve months ended December 31, 2025 amounted to $91 million⟧, roughly a ten
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641 institutional managers reported holding ALC in 13F filings for the quarter ended 2026-03-31. Together they hold about 46% of the company; the top 10 hold 20%. 70 opened new positions that quarter. Held by Vanguard Group, BNY Mellon, FMR (Fidelity), among others. On the short side, 8.6M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (5 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
ALC's share count grew 1.1% over the past five years. It pays a dividend, and has for 5 years running, raised 4 years straight. Cash returned over the past three years: $715.00M in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.