Johnson & Johnson (NYSE:JNJ) Stake Increased by Canada Pension Plan Investment Board

Remigio Civitarese
Dicembre 8, 2017

It turned negative, as 6 investors sold SOR shares while 13 reduced holdings. With 68,800 avg volume, 6 days are for Danaos Corporation (NYSE:DAC)'s short sellers to cover DAC's short positions. The SI to Walker & Dunlop Incorporated's float is 3.44%.

Wall Street turned tired in late morning trading on Wednesday, with a slide in energy stocks and Home Depot offsetting gains in technology sector as investors readjust their stock holdings. About 978,615 shares traded.

Johnson & Johnson (NYSE:JNJ) last posted its earnings results on Tuesday, October 17th. It has outperformed by 35.65% the S&P500.

Johnson & Johnson (JNJ) closed 6.01% above its 200-day moving average and is 1.02% above another chart threshold, its 50-day moving average. Clearbridge Investments LLC now owns 9,543,827 shares of the company's stock valued at $1,188,684,000 after purchasing an additional 310,831 shares during the last quarter. About 802,750 shares traded.

Johnson & Johnson (NYSE: JNJ) stock experienced a change of 1.00% in final minutes of Wednesday's trading session. Hyman Charles D, Florida-based fund reported 270,667 shares. We have $148.75 PT which if reached, will make NYSE:JNJ worth $19.03B more.

Strong Sell. Investors might also notice that two months ago the Buy recommendations (1) outnumbered Sell recommendations (0). Its down 0.08, from 1.19 in 2017Q1. It fall, as 50 investors sold JNJ shares while 878 reduced holdings. Paradigm Fincl Advsrs Ltd Liability Co accumulated 2,649 shares. The stock had a trading volume of 4,713,146 shares, compared to its average volume of 5,871,537. Lord Abbett Ltd Liability Corporation owns 2.50 million shares. Zevenbergen Ltd Company holds 9,072 shares or 0.05% of its portfolio. Armstrong Henry H Assoc, Pennsylvania-based fund reported 497,392 shares. Moreover, Fiera Corp has 3.19% invested in Johnson & Johnson (NYSE:JNJ). Boothbay Fund Management Ltd has invested 0.11% in Qualys, Inc. Meristem Ltd Liability Partnership accumulated 32,274 shares or 1.75% of the stock. Hm Cap Mngmt Ltd Llc has 1.33% invested in Johnson & Johnson (NYSE:JNJ) for 10,871 shares. Shell Asset Mgmt holds 0.03% or 29,838 shares in its portfolio. 16,629 were reported by Amica Retiree Med Tru.

Analysts await Johnson & Johnson (NYSE:JNJ) to report earnings on January, 23. They expect $0.15 earnings per share, up 25.00% or $0.03 from last year's $0.12 per share. JNJ's profit will be $4.62B for 20.30 P/E if the $1.72 EPS becomes a reality. After $0.13 actual earnings per share reported by Yandex N.V. for the previous quarter, Wall Street now forecasts 15.38% EPS growth. The analyst recommendations from a month ago are 2 Buy, 10 Strong Buy, 0 Sell, 2 Hold and 5. Therefore 57% are positive. On Friday, December 18 the stock rating was initiated by Atlantic Securities with "Neutral". The stock of Johnson & Johnson (NYSE:JNJ) earned "Neutral" rating by Goldman Sachs on Wednesday, April 20. The rating was maintained by UBS with "Buy" on Wednesday, October 19. Stifel Nicolaus lifted their target price on shares of Johnson & Johnson from $140.00 to $142.00 and gave the company a "hold" rating in a report on Wednesday, October 18th. The firm has "Buy" rating by Jefferies given on Wednesday, October 11. Morgan Stanley maintained the shares of JNJ in report on Wednesday, October 18 with "Equal-Weight" rating. The firm has "Sell" rating by BTIG Research given on Friday, July 21. This presents short term, intermediate and long term technical levels of Johnson & Johnson (JNJ) stock. Finally, BMO Capital Markets reaffirmed a "buy" rating and issued a $145.00 price objective on shares of Johnson & Johnson in a research note on Friday, September 1st.

Johnson & Johnson, together with its subsidiaries, researches and develops, makes, and sells various products in the health care field worldwide. The company had revenue of $19.65 billion for the quarter, compared to the consensus estimate of $19.29 billion. It operates through three segments: Consumer, Pharmaceutical and Medical Devices.

Investors sentiment increased to 1.44 in Q2 2017. Its down 0.59, from 2.02 in 2017Q1. 4 funds opened positions while 17 raised stakes. Saratoga Rech & Management holds 2.8% or 266,210 shares in its portfolio. C M Bidwell & Limited holds 0.08% of its portfolio in Walker & Dunlop, Inc. (NYSE:SOR) for 55,994 shares. Bluecrest Cap Management Limited reported 0.09% stake. Us Financial Bank De holds 3.88 million shares. Villere St Denis J & Communications Ltd Liability Corporation owns 59,850 shares for 0.46% of their portfolio. Sand Hill Advisors Ltd Liability Corp invested in 0.79% or 52,399 shares. 76,656 were reported by Brookfield Asset Mngmt. Caymus Cap Ptnrs LP owns 4.37M shares. Stockholders of record on Tuesday, November 28th will be given a dividend of $0.84 per share. (NYSE:WD) or 20,067 shares. The stock's price to sales ratio for trailing twelve months is 5.06 and price to book ratio for the most recent quarter is 5.07, whereas price to cash per share for the most recent quarter are 23.20. Citigroup has 27,229 shares. Edge Wealth Mgmt Llc holds 0.01% or 500 shares. Ami Investment Management Inc accumulated 10,923 shares or 0.27% of the stock.

"To the end of the year, investors tend to reposition, making sure their portfolio finishes the year where they wanted and begins the next year where they hope to be", said Sean O'Hara, director at Pacer Financial Inc.

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