Published: Sat, January 13, 2018
Finance | By Loren Pratt

Johnson & Johnson (NYSE:JNJ) Stock Rating Lowered by JPMorgan Chase & Co

Johnson & Johnson (NYSE:JNJ) Stock Rating Lowered by JPMorgan Chase & Co

The hedge fund run by Ken Fisher held 1.31 million shares of the health care company at the end of 2017Q3, valued at $72.39M, down from 1.32M at the end of the previous reported quarter. The stock increased 0.94% or $0.03 during the last trading session, reaching $3.23. Genworth Financial, Inc. (NYSE:GNW) has risen 3.41% since January 13, 2017 and is uptrending. It has outperformed by 7.63% the S&P500.

Capital Counsel Llc increased its stake in Johnson & Johnson Com (JNJ) by 11.27% based on its latest 2017Q3 regulatory filing with the SEC. Conestoga Capital Advisors Llc bought 156,959 shares as the company's stock rose 13.07% with the market. Brighton Jones LLC now owns 18,130 shares of the company's stock valued at $2,258,000 after buying an additional 13,092 shares during the last quarter. Johnson & Johnson now has $391.59B valuation.

Shares of Johnson & Johnson (NYSE JNJ) traded up $0.97 during trading on Tuesday, hitting $145.76. This works out to a net decrease in ownership of 987195 shares, and suggests that institutions are feeling bearish about the stock.

Johnson & Johnson (NYSE:JNJ) last released its earnings results on Tuesday, January 24th. It has underperformed by 4.16% the S&P500.

Conestoga Capital Advisors Llc, which manages about $1.75B and $2.26 billion US Long portfolio, decreased its stake in Costar Group Inc (NASDAQ:CSGP) by 32,156 shares to 81,264 shares, valued at $21.80 million in 2017Q3, according to the filing. It also reduced its holding in Mettler Toledo International C (NYSE:MTD) by 3,196 shares in the quarter, leaving it with 228,147 shares, and cut its stake in Automatic Data Processing Inc (NASDAQ:ADP).

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. Mar Vista Invest Ptnrs Ltd Liability Co stated it has 2.1% in Johnson & Johnson (NYSE:JNJ). Round Table Limited Liability accumulated 5,519 shares. (NASDAQ:HA). California Employees Retirement Systems holds 134,448 shares. Sunbelt Secs has 5,459 shares for 0.75% of their portfolio. Westwood Mgmt Corp Il holds 0.97% or 61,700 shares. Webster Bancshares N A holds 1.48% in Johnson & Johnson (NYSE:JNJ) or 78,268 shares. Highbridge Cap Management Ltd Limited Liability Company has invested 0.31% in Johnson & Johnson (NYSE:JNJ). Cwh Capital Mgmt has 1.18% invested in Johnson & Johnson (NYSE:JNJ) for 18,479 shares. First Bancorp invested 2.07% in Johnson & Johnson (NYSE:JNJ). Princeton Strategies Grp Incorporated Limited Liability Corporation owns 91,726 shares. 118.75 million shares or 0.25% more from 118.45 million shares in 2017Q2 were reported. Coastline Tru holds 1.14% or 50,249 shares. Allsquare Wealth Mngmt Limited Liability Com, a New York-based fund reported 100 shares. Us Fincl Bank De accumulated 2,924 shares or 0% of the stock.

Among 23 analysts covering Johnson & Johnson (NYSE:JNJ), 12 have Buy rating, 5 Sell and 6 Hold. During the same period in the prior year, the company earned $1.68 earnings per share. Taylor Wealth Management Partners raised its position in shares of Johnson & Johnson by 1.3% in the second quarter. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company's stock. Therefore 36% are positive. Tiffany & Co. had 79 analyst reports since July 29, 2015 according to SRatingsIntel. As per Tuesday, March 15, the company rating was maintained by Jefferies. Citigroup maintained the shares of JNJ in report on Monday, October 23 with "Buy" rating. Jefferies initiated the shares of MKC in report on Wednesday, December 16 with "Hold" rating. On Friday, September 1 the stock rating was maintained by KeyBanc Capital Markets with "Hold". Cantor Fitzgerald initiated the shares of V in report on Thursday, September 28 with "Buy" rating. The stock now has a consensus rating of "Hold" and an average price target of $145.94. Cowen set a $147.00 price objective on Johnson & Johnson and gave the stock a buy rating in a report on Friday, October 6th. On Wednesday, October 7 the stock rating was maintained by RBC Capital Markets with "Outperform". On Friday, July 14 the stock rating was maintained by Jefferies with "Hold".

Among 22 analysts covering Nuvasive Inc. Therefore 80% are positive. Praxair had 44 analyst reports since August 12, 2015 according to SRatingsIntel. Raymond James maintained ACI Worldwide, Inc. (NASDAQ:HA) rating on Tuesday, July 25. The firm has "Strong-Buy" rating given on Monday, August 31 by Vetr. The rating was maintained by Oppenheimer on Wednesday, October 25 with "Buy". The rating was upgraded by JP Morgan on Wednesday, July 13 to "Overweight". As per Wednesday, April 20, the company rating was maintained by Goldman Sachs. The company was maintained on Friday, June 30 by Credit Suisse. (NYSE:V) rating on Monday, October 2. The stock of Praxair, Inc. BMO Capital Markets maintained NuVasive, Inc. (NASDAQ:WWD) on Tuesday, August 8. (NASDAQ:NUVA) earned "Buy" rating by Piper Jaffray on Thursday, August 24.

Analysts await Woodward, Inc. They expect $0.56 earnings per share, up 5.66% or $0.03 from last year's $0.53 per share. JCP's profit will be $130.87M for 2.41 P/E if the $0.42 EPS becomes a reality. After $0.52 actual earnings per share reported by NuVasive, Inc. for the previous quarter, Wall Street now forecasts 7.69% EPS growth.

Investors sentiment decreased to 1 in Q3 2017. Its down 0.20, from 1.19 in 2017Q2. Finally, Shine Investment Advisory Services Inc. purchased a new position in shares of Johnson & Johnson during the second quarter valued at approximately $177,000. 83 funds opened positions while 258 raised stakes. Bremer Trust Natl Association holds 0.36% or 12,212 shares. Morgan Stanley has 539,437 shares. (NASDAQ:HA). Burney accumulated 179,482 shares or 0.54% of the stock. Asset Mgmt One Ltd invested in 466,655 shares or 0.15% of the stock. (NASDAQ:NUVA) for 240,715 shares. 6,828 were reported by Westpac Bk. Sigma Planning holds 0.03% or 3,412 shares in its portfolio. (NASDAQ:NUVA) for 1.73 million shares. Citigroup Incorporated stated it has 17,405 shares or 0% of all its holdings. Moody Comml Bank Trust Division holds 7,228 shares. (NASDAQ:HA). Supplemental Annuity Collective Of Nj has invested 0.23% in Hawaiian Holdings, Inc. Bellecapital Ltd holds 8,669 shares or 1.33% of its portfolio. (NASDAQ:NUVA) for 99 shares.

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