Wells Fargo Believes Johnson & Johnson (NYSE: JNJ) Won't Stop Here

Evarado Alatorre
Enero 13, 2018

The company reported $1.90 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.80 by $0.10. Legacy Private Trust who had been investing in Allstate Corp for a number of months, seems to be bullish on the $36.16 billion market cap company. About 2.80 million shares traded.

Johnson & Johnson (NYSE:JNJ) last released its quarterly earnings data on Tuesday, October 17th. It has outperformed by 9.17% the S&P500.

Hs Management Partners Llc, which manages about $2.39B and $3.09B US Long portfolio, upped its stake in Alphabet Inc by 2,442 shares to 175,256 shares, valued at $168.09 million in 2017Q3, according to the filing. Bogart Wealth LLC now owns 6,006 shares of the company's stock worth $795,000 after purchasing an additional 378 shares during the last quarter. Laffer Investments invested in 6,086 shares or 0.21% of the stock. M&R Capital Management Inc who had been investing in Johnson & Johnson Com for a number of months, seems to be less bullish one the $391.64B market cap company.

The stock increased 0.94% or $1.36 during the last trading session, reaching $146.15. The company's stock had a trading volume of 4,142,959 shares.

Johnson & Johnson (NYSE:JNJ) institutional sentiment is 0.83 in Q3 2017. It has underperformed by 4.16% the S&P500. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the stock. Therefore 50% are positive. (NASDAQ:DRNA) to report earnings on March, 29. The firm has "Neutral" rating given on Tuesday, January 2 by JP Morgan. The rating was downgraded by Wells Fargo on Thursday, January 26 to "Market Perform". Standpoint Research initiated Johnson & Johnson (NYSE:JNJ) on Friday, May 20 with "Sell" rating. As per Wednesday, September 21, the company rating was maintained by TD Securities. (NYSE:CRI) rating on Wednesday, September 16.

It is down 0.00% since January 12, 2017 and is. Its up 0.25, from 1.1 in 2017Q2. It is negative, as 38 investors sold CRI shares while 95 reduced holdings. 54 funds opened positions while 88 raised stakes. 263.23 million shares or 1.26% less from 266.58 million shares in 2017Q2 were reported. Wolverine Asset Mgmt Lc invested in 0% or 822 shares. Reynders Mcveigh Mgmt Lc accumulated 218,506 shares or 3.7% of the stock. 7,423 were reported by Salzhauer Michael. Capstone Finance Inc holds 0.73% or 12,718 shares. Brandywine Glob Inv Mngmt, Pennsylvania-based fund reported 2.36M shares. Syntal Prtnrs Limited Co holds 0.22% of its portfolio in Johnson & Johnson (NYSE:JNJ) for 2,402 shares. Leisure Mngmt owns 21,648 shares. Citigroup assumed coverage on shares of Johnson & Johnson in a research report on Monday, September 25th. Magnetar Fincl Limited Liability Com holds 0.03% or 12,789 shares in its portfolio. Gillespie Robinson Grimm Inc has 3.99% invested in Johnson & Johnson (NYSE:JNJ) for 230,510 shares. Synovus Financial Corp reported 287,281 shares or 0.71% of all its holdings.

Lincluden Management Ltd increased its stake in Johnson & Johnson (JNJ) by 15.58% based on its latest 2017Q3 regulatory filing with the SEC. It also reduced its holding in Procter & Gamble Company (NYSE:PG) by 4,080 shares in the quarter, leaving it with 32,381 shares, and cut its stake in Boeing Co (NYSE:BA). Bogart Wealth LLC increased its position in Johnson & Johnson by 6.7% in the second quarter.

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Investors sentiment decreased to 1.09 in Q3 2017.

Carnick & Kubik Group LLC purchased a new position in shares of Johnson & Johnson (NYSE:JNJ) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. Miles holds 0.87% or 11,736 shares. 177,764 are owned by Livforsakringsbolaget Skandia Omsesidigt. Qv Investors accumulated 1,510 shares. Morgens Waterfall Vintiadis Comm owns 3,500 shares. During the same quarter in the prior year, the firm earned $1.68 earnings per share. The Tennessee-based Independence Trust Company has invested 4.48% in Johnson & Johnson (NYSE:JNJ). Ghp Invest Advsr has invested 0.69% of its portfolio in Johnson & Johnson (NYSE:JNJ). Menora Mivtachim Holdg Ltd holds 0.91% or 172,460 shares. Johnson & Johnson comprises 1.0% of Los Angeles Capital Management & Equity Research Inc.'s portfolio, making the stock its 4th largest position. Signaturefd Ltd Liability Co has 34,216 shares for 0.59% of their portfolio. Jefferies maintained Johnson & Johnson (NYSE:JNJ) rating on Tuesday, September 13. Beaumont Ltd Liability Company stated it has 150,659 shares or 2.44% of all its holdings.

Among 23 analysts covering Johnson & Johnson (NYSE:JNJ), 12 have Buy rating, 5 Sell and 6 Hold.

Ratings analysis reveals 52% of Johnson & Johnson's analysts are positive.

Cleararc Capital Inc decreased Johnson & Johnson (JNJ) stake by 7.43% reported in 2017Q3 SEC filing. Stifel Nicolaus maintained Johnson & Johnson (NYSE:JNJ) on Tuesday, July 18 with "Hold" rating. The company was maintained on Wednesday, January 25 by RBC Capital Markets. Piper Jaffray reinitiated the stock with "Neutral" rating in Monday, October 5 report. The rating was maintained by Jefferies on Monday, October 10 with "Buy". BMO Capital Markets maintained Johnson & Johnson (NYSE:JNJ) rating on Thursday, August 31. Jefferies maintained the shares of JNJ in report on Tuesday, June 14 with "Hold" rating. BMO Capital Markets has "Hold" rating and $65.0 target. The firm earned $18.10 billion during the quarter, compared to analysts' expectations of $18.28 billion. The firm earned "Buy" rating on Friday, October 6 by Cowen & Co.

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