Economy

Alembic Global Advisors Lowers Johnson & Johnson (NYSE:JNJ) to Underweight

Alembic Global Advisors Lowers Johnson & Johnson (NYSE:JNJ) to Underweight

Following the completion of the transaction, the vice president now owns 226,693 shares of the company's stock, valued at approximately $30,993,466.96. The stock declined 1.67% or $2.26 reaching $133.05 per share. About 5.02M shares traded. Johnson & Johnson (NYSE:JNJ) has risen 12.54% since July 21, 2016 and is uptrending. It has underperformed by 20.47% the S&P500. Finally, Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in shares of Johnson & Johnson during the fourth quarter valued at about $343,000. Fairview Capital Investment Management LLC raised its position in Johnson & Johnson by 0.4% in the fourth quarter. Lau Associates LLC now owns 46,878 shares of the company's stock worth $5,839,000 after buying an additional 5,335 shares during the period. Johnson & Johnson now has $355.11 billion valuation. Another trade for 14,543 shares valued at $1.78 million was made by Kapusta Ronald A on Tuesday, February 28. The Massachusetts-based Grt Capital Prtn Limited Liability has invested 0.18% in Johnson & Johnson (NYSE:JNJ). It has underperformed by 4.16% the S&P500.

The Connecticut-based Zebra Capital Management Llc has invested 0.25% in the stock. Its up 0.12, from 0.82 in 2016Q3. Pax World Management Llc sold 148,205 shares as Johnson & Johnson (JNJ)'s stock rose 6.85%. 114 funds opened positions while 731 raised stakes. Shareholders of record on Tuesday, August 29th will be given a dividend of $0.84 per share. Mar Vista Prtn Ltd Liability holds 415,954 shares or 1.94% of its portfolio.

Mycio Wealth Partners Llc increased Johnson & Johnson (JNJ) stake by 15.5% reported in 2016Q4 SEC filing. Millennium Mgmt Llc accumulated 13,500 shares. Oppenheimer And has invested 0.92% in Johnson & Johnson (NYSE:JNJ). Cutter And Brokerage stated it has 1.24% of its portfolio in Johnson & Johnson (NYSE:JNJ). New York-based Ny Life Tru has invested 2.04% in Johnson & Johnson (NYSE:JNJ). Alta Ltd has 2,136 shares for 0.02% of their portfolio. Asset Advsr holds 169,185 shares. Fairview Capital Investment Management Llc owns 4.66 million shares or 12.16% of their U.S. portfolio. Albion Financial Group sold 8,581 shares as Hasbro Inc.

Since February 1, 2017, it had 0 buys, and 5 insider sales for $14.98 million activity.

Zacks Investment Research lowered shares of Johnson & Johnson (NYSE:JNJ) from a buy rating to a hold rating in a research note issued to investors on Friday. The value of the position overall is up by 2.2%. Pruden Gary J sold 16,299 shares worth $1.99 million. $2.45 million worth of Johnson & Johnson (NYSE:JNJ) shares were sold by Ullmann Michael H.

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COPYRIGHT VIOLATION NOTICE: "Dominic J. Caruso Sells 82,591 Shares of Johnson & Johnson (NYSE:JNJ) Stock" was first posted by Community Financial News and is the property of of Community Financial News. It also reduced Ishares Tr (IVV) stake by 4,144 shares and now owns 211,555 shares. Johnson & Johnson had a return on equity of 26.83% and a net margin of 22.52%. Therefore 50% are positive. On average, equities research analysts expect that Johnson & Johnson will post $7.19 EPS for the current fiscal year. More interesting news about Johnson & Johnson (NYSE:JNJ) were released by: Forbes.com and their article: "Earnings From Three Sector Giants Tomorrow: Johnson & Johnson, IBM And ..." published on July 17, 2017 as well as Barrons.com's news article titled: "Johnson & Johnson Seen With 10% Upside" with publication date: July 21, 2017. The firm has "Outperform" rating by RBC Capital Markets given on Wednesday, July 20. The company was upgraded on Monday, May 15 by JP Morgan. Alembic Global Advisors cut Johnson & Johnson from a "neutral" rating to an "underweight" rating in a research note on Friday. Piper Jaffray reinitiated Johnson & Johnson (NYSE:JNJ) rating on Monday, October 5. UBS has "Buy" rating and $144.0 target. The firm earned "Hold" rating on Tuesday, September 13 by Jefferies. The company now has an average rating of Hold and an average target price of $132.97.

Analysts await Stericycle Inc (NASDAQ:SRCL) to report earnings on August, 3 after the close. AIT's profit will be $29.28M for 18.70 P/E if the $0.76 EPS becomes a reality. After $1.09 actual EPS reported by Stericycle Inc for the previous quarter, Wall Street now forecasts 3.67% EPS growth. Hirtle Callaghan Ltd Llc invested in 0% or 18 shares. (NYSE:CRI) stake by 39,998 shares to 182,568 valued at $15.77 million in 2016Q4. Qualcomm Inc (NASDAQ:QCOM) was raised too. Therefore 0 are positive.

Analysts await Applied Industrial Technologies (NYSE:AIT) to report earnings on August, 11. On Friday, July 14 the stock rating was maintained by Jefferies with "Hold". The rating was downgraded by Atlantic Securities on Friday, July 21 to "Sell". The company was maintained on Wednesday, February 22 by Barrington Research. The firm has "Overweight" rating by Barclays Capital given on Tuesday, December 1. The firm has "Sell" rating by Goldman Sachs given on Thursday, November 3. The stock of Hasbro, Inc.

Since January 1, 0001, it had 0 insider purchases, and 10 insider sales for $68.94 million activity. Moreover, Fpr Partners Llc has 6.48% invested in the company for 7.97 million shares. Icon Advisers reported 103,800 shares or 0.81% of all its holdings.

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