Saturday, 15 December, 2018

Hedge Funds Now Own 67.9% Of Johnson & Johnson (JNJ)

10 Stocks To Watch For Hedge Funds Now Own 67.9% Of Johnson & Johnson (JNJ)
Nellie Chapman | 23 January, 2018, 16:20

Mountain Capital Investment Advisors Inc acquired a new stake in shares of Johnson & Johnson in the second quarter worth approximately $124,000.

Worldwide operations accounted for almost a half of J&J's total fourth-quarter sales of US$20.20 billion, which was up 11.5 percent from a year earlier. Heritage Investors Management Corp who had been investing in Home Depot Inc for a number of months, seems to be bullish on the $238.76B market cap company. The stock increased 0.29% or $0.32 during the last trading session, reaching $110.91.

Analysts on average were expecting a profit of $7.87 per share and revenue of $80.7 billion. (NASDAQ:EXPD) has risen 10.45% since January 23, 2017 and is uptrending. It has outperformed by 1.73% the S&P500.

Investors sentiment decreased to 0.81 in 2017 Q3. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.02 and a current ratio of 1.32. It has no change, as 81 investors sold VZ shares while 696 reduced holdings. only 114 funds opened positions while 570 raised stakes.

The most recent non open market insider trade was completed by STOFFELS PAULUS on 10/31/2017, and was a disposition of 34,742 shares with a final price of $139.54.

Investors may also want to take a longer-term look at company shares. There were 47 sold out positions, amounting to 2.27 million shares. 9,400 were accumulated by Dafna Mngmt Ltd Limited Liability Company. Bnp Paribas Asset Mngmt Sa owns 142,880 shares for 0.31% of their portfolio.

Excluding items, J&J earned US$1.74 per share, slightly above the analysts' average estimate of US$1.72 per share, according to Thomson Reuters I/B/E/S. Janney Montgomery Scott LLC now owns 771,868 shares of the company's stock worth $102,110,000 after acquiring an additional 3,533 shares during the period. (NYSE:GS). Wharton Business Gp Ltd Liability owns 22,542 shares or 0.56% of their USA portfolio. Lenox Wealth Advisors Inc. raised its stake in Johnson & Johnson by 0.6% during the 2nd quarter. Hemenway Company Ltd Llc reported 3.34% in Johnson & Johnson (NYSE:JNJ). Ledyard Bankshares stated it has 65,478 shares. (NYSE:GS), 13 have Buy rating, 1 Sell and 16 Hold. Medtronic had 78 analyst reports since August 10, 2015 according to SRatingsIntel. Finally, JPMorgan Chase & Co. lowered Johnson & Johnson from an "overweight" rating to a "neutral" rating in a report on Tuesday, January 2nd.

Shares of Johnson & Johnson (NYSE:JNJ) have seen a movement of 0.53% in the most recent session. The stock has "Buy" rating by Jefferies on Wednesday, October 18. The company was maintained on Friday, August 18 by Stifel Nicolaus. The company was initiated on Monday, September 25 by Citigroup. The investor is now holding $155.05 million shares due in part to a decrease of 2.45 million new shares in their portfolio. The institutional investor held 1.16M shares of the major pharmaceuticals company at the end of 2017Q3, valued at $150.28 million, down from 1.30M at the end of the previous reported quarter. It also reduced its holding in Borg Warner Inc (NYSE:BWA) by 182,020 shares in the quarter, leaving it with 405,493 shares, and cut its stake in Astronics Corp Com (NASDAQ:ATRO).

Since July 31, 2017, it had 0 insider buys, and 5 selling transactions for $20.35 million activity. 17,685 shares valued at $4.16M were sold by ROGERS JOHN F.W. on Tuesday, August 8. (NYSE:GS) for 7,297 shares. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company's stock. Therefore 52% are positive. The firm earned "Outperform" rating on Wednesday, September 2 by CLSA. RBC Capital Markets maintained Medtronic plc (NYSE:MDT) on Sunday, August 20 with "Buy" rating. The firm earned "Buy" rating on Thursday, October 19 by Credit Suisse. Cowen set a $147.00 price target on Johnson & Johnson and gave the stock a buy rating in a research note on Friday, October 6th. About $18 billion of that was held in cash and was taxed at 15 percent, while the remainder was taxed at a low 8 percent rate. On Thursday, January 26 the stock rating was downgraded by Wells Fargo to "Market Perform". Peoples Fincl invested in 26,878 shares. Its the same as in 2017Q2. (NYSE:GS). Baldwin Investment Management Limited Liability holds 3,327 shares. Point72 Asia (Hong Kong) Limited, a Hong Kong-based fund reported 1,243 shares. Finally, Oliver Luxxe Assets LLC boosted its stake in shares of Johnson & Johnson by 12.7% in the second quarter. Hyman Charles D holds 4.29% or 265,497 shares in its portfolio. Texas Permanent School Fund has invested 1.24% in Johnson & Johnson (NYSE:JNJ). Hudock Capital Group Inc Ltd Liability Company reported 0.39% in Johnson & Johnson (NYSE:JNJ). West Coast Financial Ltd Liability Co reported 15,092 shares stake. (NYSE:GS). Cap Wealth Planning Ltd Company has 1.11% invested in The Goldman Sachs Group, Inc. Wealthtrust Fairport Llc has invested 0.29% in Johnson & Johnson (NYSE:JNJ). Primecap Ca owns 924,225 shares or 0.1% of their U.S. portfolio. Us Bancorporation De has 2,137 shares for 0% of their portfolio. Atalanta Sosnoff Capital holds 471,904 shares or 2.12% of its portfolio.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.