Acquires 4082 Shares of Johnson & Johnson (JNJ)

Marco Green
January 20, 2018

The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.80 by $0.10. Lafleur & Godfrey Llc who had been investing in Johnson & Johnson for a number of months, seems to be less bullish one the $394.33 billion market cap company. The stock decreased 0.06% or $0.09 during the last trading session, reaching $146.83. The NYSE-listed company saw a recent bid of $52.95 on volume of 5.42 million shares.

Shares of Johnson & Johnson (NYSE:JNJ) opened at $147.36 on Friday. It has outperformed by 9.05% the S&P500. Sitrin Capital Management LLC now owns 48,986 shares of the company's stock valued at $6,480,000 after purchasing an additional 792 shares in the last quarter. The institutional investor held 188,273 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $24.48 million, down from 190,665 at the end of the previous reported quarter. The stock increased 0.73% or $0.53 during the last trading session, reaching $73.57. About 8.74M shares traded or 57.98% up from the average. Tower Semiconductor Ltd. (NASDAQ:TSEM) has risen 122.17% since January 20, 2017 and is uptrending. It has underperformed by 4.16% the S&P500.

Investors sentiment is 0.83 in Q3 2017. Its the same as in 2017Q2. Edgar Lomax Va holds 1.02% or 110,944 shares in its portfolio. Wallace Management reported 108,870 shares. Fincl Consulate has 2,517 shares. The Georgia-based Asset Management Of Georgia Inc Ga Adv has invested 1.38% in Johnson & Johnson (NYSE:JNJ).

Johnson & Johnson (NYSE:JNJ) last posted its quarterly earnings data on Tuesday, October 17th. BlackRock Inc. boosted its stake in shares of Johnson & Johnson by 2.6% during the 2nd quarter. Brown Advisory Securities Limited Liability Corporation invested 2.21% of its portfolio in Johnson & Johnson (NYSE:JNJ).

Following some medium-term indicators on shares of Johnson & Johnson (JNJ), we can see that the 40-day commodity channel index signal is presently Buy while the 50-day Parabolic SAR generates a Buy signal. Roosevelt Gp Incorporated holds 2.43% or 202,839 shares in its portfolio. Tru Of Toledo Na Oh owns 1.12% invested in Johnson & Johnson (NYSE:JNJ) for 34,029 shares. Cornerstone Management Limited Liability Company stated it has 990,820 shares or 1.01% of all its holdings. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company's stock. Therefore 52% are positive. TowerJazz had 18 analyst reports since August 6, 2015 according to SRatingsIntel. Vetr raised Johnson & Johnson from a "hold" rating to a "buy" rating and set a $150.89 target price on the stock in a report on Thursday, January 11th. The firm has "Market Perform" rating by Wells Fargo given on Thursday, January 26. The rating was initiated by Societe Generale on Wednesday, April 6 with "Hold". Citigroup lifted their price target on shares of Johnson & Johnson from $140.00 to $149.00 and gave the stock a "buy" rating in a research note on Monday, October 23rd. BMO Capital Markets maintained the stock with "Hold" rating in Wednesday, January 17 report. (NYSE:GS), 13 have Buy rating, 1 Sell and 16 Hold. Jefferies has "Hold" rating and $145.0 target.

Other large investors have also recently bought and sold shares of the company.

More notable recent Johnson & Johnson (NYSE:JNJ) news were published by: Fiercebiotech.com which released: "Chinese buyers mull bids for Johnson & Johnson's $4B diabetes unit: report" on January 18, 2018, also Seekingalpha.com with their article: "Johnson & Johnson: A Good Value In This Overheated Market" published on January 08, 2018, Prnewswire.com published: "Johnson & Johnson Issues Statement on ZYTIGA® Inter Partes Reviews" on January 17, 2018. They expect $1.72 earnings per share, up 8.86% or $0.14 from last year's $1.58 per share.

Investors sentiment decreased to 1.26 in Q3 2017. Its up 0.02, from 1.15 in 2017Q2. 121 funds opened positions while 404 raised stakes. Fny Managed Accounts Llc reported 1,012 shares stake. St Johns Inv Management Co Ltd Co has 1.53% invested in Johnson & Johnson (NYSE:JNJ). Pinebridge Invests Limited Partnership invested in 13,780 shares. Madison Hldgs stated it has 0.01% in AT&T Inc. (NASDAQ:AMZN). Kentucky Retirement Sys Insur Fund owns 10,490 shares. The company has a current ratio of 1.32, a quick ratio of 1.02 and a debt-to-equity ratio of 0.36.

Foyston Gordon & Payne Inc, which manages about $12.34B and $576.12M US Long portfolio, decreased its stake in Outfront Media Inc.by 58,001 shares to 111,899 shares, valued at $2.82M in 2017Q3, according to the filing. Churchill holds 0.6% or 25,224 shares. Following the transaction, the vice president now directly owns 226,693 shares of the company's stock, valued at $30,993,466.96. Bluestein R H & has 68,412 shares for 3.61% of their portfolio. Mirae Asset Glob Investments Limited holds 133,952 shares. Chilton Investment Com Ltd Com reported 0.13% in McDonald's Corporation (NYSE:MCD). Marsico Management Limited Com has invested 5.28% in Amazon.com, Inc.

Since December 7, 2017, it had 0 insider buys, and 5 insider sales for $8.03 million activity. JPMorgan Chase & Co. cut Johnson & Johnson from an "overweight" rating to a "neutral" rating in a research note on Tuesday, January 2nd. $2.85M worth of The PNC Financial Services Group, Inc. (NASDAQ:AMZN) on Tuesday, August 15. Parsley E William III sold $6.64 million worth of stock. (NYSE:GS) was sold by SCHWARTZ HARVEY M on Friday, October 20. Stifel Nicolaus maintained the stock with "Hold" rating in Tuesday, July 18 report. Therefore 94% are positive. Tableau Software had 128 analyst reports since July 24, 2015 according to SRatingsIntel. As per Wednesday, October 18, the company rating was maintained by Jefferies. The stock has "Buy" rating by Deutsche Bank on Tuesday, September 29. The stock has "Neutral" rating by Piper Jaffray on Monday, October 5.

In related news, VP Paulus Stoffels sold 102,692 shares of the firm's stock in a transaction on Monday, July 24th. The firm earned "Underweight" rating on Friday, July 21 by Alembic. The rating was maintained by RBC Capital Markets on Wednesday, July 26 with "Buy". The company has a market capitalization of $395,890.00, a P/E ratio of 25.58, a price-to-earnings-growth ratio of 2.75 and a beta of 0.80. Bank of America maintained DaVita Inc.

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