Csenge Advisory Group Buys New Holdings in Johnson & Johnson (JNJ)

Share

The institutional investor held 6.43 million shares of the major pharmaceuticals company at the end of 2017Q3, valued at $835.72 million, up from 6.25 million at the end of the previous reported quarter. Spc Financial Inc who had been investing in Johnson & Johnson for a number of months, seems to be bullish on the $397.98 billion market cap company. The stock increased 0.98% or $1.03 during the last trading session, reaching $106.66. About 1.54M shares traded.

Johnson & Johnson (NYSE:JNJ) early Tuesday posted market-beating fourth quarter earnings results and offered a solid outlook for 2018, as Washington's tax reforms appear poised to bolster its bottom line. It has underperformed by 15.93% the S&P500.

Amg National Trust Bank increased its stake in Vf Corporation (VFC) by 0.72% based on its latest 2017Q3 regulatory filing with the SEC. The fund bought 13,619 shares of the company's stock, valued at approximately $1,771,000. Jackson Grant Investment Advisers Inc. now owns 14,124 shares of the company's stock worth $1,627,000 after buying an additional 957 shares during the last quarter. Eastern Bank & Trust holds 331,280 shares. The stock increased 0.70% or $0.36 during the last trading session, reaching $51.91. About 230,593 shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since January 22, 2017 and is downtrending.

Investors sentiment decreased to 0.81 in 2017 Q3. Its up 0.08, from 1.17 in 2017Q2.

Several other institutional investors have also added to or reduced their stakes in the company. 353.24 million shares or 0.95% more from 349.91 million shares in 2017Q2 were reported. Highbridge Cap Mgmt Limited Company reported 161,267 shares or 0.31% of all its holdings. Baltimore holds 2.37% or 80,197 shares. The fund owned 82,508 shares of the company's stock after purchasing an additional 6,547 shares during the period. Argent has invested 0.54% of its portfolio in The Boeing Company (NYSE:BA). Altavista Wealth has invested 2.99% in Johnson & Johnson (NYSE:JNJ). Cardinal Capital stated it has 257,367 shares. Lehman owns 9,315 shares. Stone Run Limited Liability holds 0.2% or 3,000 shares.

More news: US Stock Futures Fall On The Government Shutdown
More news: Hope, fear as Puerto Rico moves to privatize power company
More news: How will this government shutdown affect you?

On Monday, Shares of Johnson & Johnson (NYSE: JNJ) expressed a change of -0.02% and is now trading at $147.32. Signature And Inv Ltd Liability Corporation holds 0.04% or 14,240 shares. Great West Life Assurance Comm Can reported 1.14M shares. Tradewinds Capital Mgmt Limited Com has invested 0.03% in Expeditors International of Washington, Inc. Pura Vida Invests Ltd Limited Liability Company reported 0.65% of its portfolio in Agile Therapeutics, Inc.

Among 4 analysts covering Innospec (NASDAQ:IOSP), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 39% are positive. Boeing had 91 analyst reports since August 26, 2015 according to SRatingsIntel. Barclays Capital maintained Johnson & Johnson (NYSE:JNJ) rating on Wednesday, October 18. The rating was upgraded by Barclays Capital on Tuesday, December 1 to "Overweight". The firm has "Outperform" rating by CLSA given on Monday, May 9. The firm earned "Buy" rating on Tuesday, June 13 by Cowen & Co. Robert W. Baird maintained it with "Buy" rating and $70.0 target in Friday, September 15 report. Cowen & Co maintained it with "Buy" rating and $147.0 target in Friday, October 6 report.

Since September 19, 2017, it had 0 buys, and 2 selling transactions for $373,204 activity. State Board Of Administration Of Florida Retirement Systems accumulated 1.25M shares. (NYSE:ACC) for 487,525 shares. Roe Scott A. sold $1.34 million worth of V.F. Corporation (NYSE:VFC) on Thursday, October 26. Verbeck Robert E sold 2,522 shares worth $616,499.

Looking ahead, JNJ forecast 2018 EPS of $8.00 to $8.20, well ahead of the $7.87 per share that analysts are looking for. Sometimes these analyst projections are spot on, and other times they are off.

Investors sentiment is 0.83 in Q3 2017. Its the same as in 2017Q2. It is flat, as 45 investors sold JNJ shares while 871 reduced holdings. only 111 funds opened positions while 645 raised stakes. Hollow Brook Wealth Mngmt Limited Company accumulated 46,437 shares. Texas-based E&G Advsrs Limited Partnership has invested 0.4% in Johnson & Johnson (NYSE:JNJ). Mechanics Bank & Trust Tru Department reported 86,614 shares. Williams Jones Assoc Ltd Liability Co has invested 2.09% in Johnson & Johnson (NYSE:JNJ). San Francisco Sentry Invest (Ca) stated it has 1.5% in Johnson & Johnson (NYSE:JNJ). The Prudential Financial Inc holds 5.89M shares with $765.98M value, down from 6.76M last quarter. Janus Henderson Group PLC increased its holdings in shares of Johnson & Johnson by 717.9% in the second quarter. 77,848 were reported by Lafleur And Godfrey Ltd Com. (NYSE:ACC). Mai owns 5,226 shares. The California-based Mogy Joel R Invest Counsel has invested 3.89% in Johnson & Johnson (NYSE:JNJ). Pacad Invest Ltd stated it has 3,200 shares. Weybosset And Management Limited Com has 60,497 shares. For the next 5 years, Johnson & Johnson is expecting Growth of 7.29% per annum, whereas in the past 5 years the growth was 7.32% per annum. Therefore 52% are positive. Johnson & Johnson has a one year low of $110.76 and a one year high of $148.32. The company was downgraded on Friday, July 21 by Atlantic Securities. Johnson & Johnson has an average rating of "Hold" and an average price target of $133.72. Finally, Wells Fargo & Co raised shares of Johnson & Johnson from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $140.00 to $149.00 in a research report on Monday, October 9th. The firm has "Buy" rating given on Wednesday, October 11 by Jefferies. The stock has "Buy" rating by Jefferies on Monday, September 11. Jensen Incorporated holds 4.3% of its portfolio in Johnson & Johnson (NYSE:JNJ) for 2.45M shares.

Share