Economy

Monarch Capital Management Inc. Decreases Position in Johnson & Johnson (NYSE:JNJ)

New Mexico Educational Retirement Board invested in 250,443 shares or 1.61% of the stock. About 174,247 shares traded or 34.77% up from the average. It is down 13.09% since November 9, 2016 and is uptrending. It has underperformed by 3.61% the S&P500.

Park Avenue Securities LLC bought a new stake in Johnson & Johnson (NYSE:JNJ) in the 2nd quarter, according to its most recent filing with the SEC. Wbi Investments Inc sold 3,669 shares as Johnson & Johnson (JNJ)'s stock rose 6.85%. The hedge fund held 41,385 shares of the major pharmaceuticals company at the end of 2017Q2, valued at $5.48 million, down from 43,802 at the end of the previous reported quarter. Liberty Mutual Group Asset Management Inc who had been investing in Johnson & Johnson for a number of months, seems to be bullish on the $378.91B market cap company.

Johnson & Johnson (NYSE JNJ) traded down $0.97 during trading on Thursday, reaching $140.35.

Johnson & Johnson (NYSE:JNJ) is top of its crucial 200 DMA at 9.54%, suggesting the bullish steam can continue for some time. It has underperformed by 4.16% the S&P500. More interesting news about Johnson & Johnson (NYSE:JNJ) were released by: Businessinsider.com and their article: "DIGITAL HEALTH BRIEFING: Johnson & Johnson introduces healthcare platform ..." published on November 08, 2017 as well as Forbes.com's news article titled: "What Factors Will Drive Johnson & Johnson's Q3 Earnings?" with publication date: October 13, 2017. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company. Therefore 80% are positive. Canon had 5 analyst reports since November 20, 2015 according to SRatingsIntel.

Johnson & Johnson (NYSE:JNJ) was upgraded by Vetr from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Tuesday, October 24th. The company was maintained on Friday, June 16 by Jefferies.

Johnson & Johnson (NYSE:JNJ) last released its quarterly earnings results on Tuesday, October 18th. The company was maintained on Wednesday, October 18 by Barclays Capital. The stock of Johnson & Johnson (NYSE:JNJ) has "Buy" rating given on Wednesday, October 11 by Jefferies. FBR Capital maintained it with "Mkt Perform" rating and $42 target in Friday, July 22 report. The firm has "Buy" rating by UBS given on Wednesday, October 19. Leerink Swann reissued a "buy" rating on shares of Johnson & Johnson in a report on Sunday, September 11th. $1.81M worth of stock was sold by O'Shea Peter J on Tuesday, June 6.

Investors sentiment decreased to 0.83 in 2017 Q2. Its down 0.03, from 0.86 in 2017Q1. It is negative, as 50 investors sold JNJ shares while 878 reduced holdings.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in JNJ. Meiji Yasuda Life Insurance reported 49,441 shares or 1.01% of all its holdings.

Wbi Investments Inc increased Absolute Shs Tr (WBIB) stake by 478,948 shares to 2.32 million valued at $58.33 million in 2017Q2. Finally, Kovitz Investment Group Partners LLC bought a new stake in shares of Johnson & Johnson during the first quarter worth $4,195,000. Cullinan Associates Inc. raised its stake in shares of Johnson & Johnson by 1.9% in the first quarter. Wooster Corthell Wealth Mgmt Inc owns 2,978 shares. Brookmont Management, a Texas-based fund reported 73,602 shares. Massachusetts Finance Services Ma has invested 1.52% in Johnson & Johnson (NYSE:JNJ). Adirondack Tru Communication invested 3.43% in Johnson & Johnson (NYSE:JNJ). Psagot House Limited invested 0.03% of its portfolio in Johnson & Johnson (NYSE:JNJ). Kingfisher Ltd invested 0.23% of its portfolio in Kinder Morgan Inc (NYSE:KMI). Counsel Limited Liability Com Ny holds 395,145 shares. Moreover, Tealwood Asset Management Inc has 1.97% invested in the company for 88,486 shares. Carlton Hofferkamp & Jenks Wealth Limited Liability Com owns 18,987 shares or 1.7% of their U.S. portfolio. Arbor Investment Advsr Limited Liability Company stated it has 0.12% of its portfolio in Johnson & Johnson (NYSE:JNJ). Union National Bank owns 54,867 shares for 2.51% of their portfolio. It also increased its holding in Vanguard High Dvd Yield Etf (VYM) by 10,539 shares in the quarter, for a total of 62,149 shares, and has risen its stake in Ishares S&P Pref Stk Etf (PFF). Anchor Advisors Lc holds 0.96% in Johnson & Johnson (NYSE:JNJ) or 199,497 shares. Therefore 50% are positive. Morgan Stanley upped their price target on shares of Johnson & Johnson from $135.00 to $140.00 and gave the company an "overweight" rating in a report on Wednesday, July 5th. As per Thursday, August 11, the company rating was initiated by Compass Point. Finally, BTIG Research reissued a "neutral" rating on shares of Johnson & Johnson in a report on Thursday, August 25th. RBC Capital Markets maintained Johnson & Johnson (NYSE:JNJ) on Monday, July 10 with "Buy" rating. The firm has "Hold" rating by Keefe Bruyette & Woods given on Monday, August 14. Piper Jaffray maintained Bank of Hawaii Corporation (NYSE:BOH) rating on Monday, July 24. First Manhattan holds 0.02% in Kinder Morgan Inc (NYSE:KMI) or 142,484 shares. The stock now has an average rating of "Hold" and a consensus target price of $143.70.

Johnson & Johnson (NYSE:JNJ) RSI 62.79 does not yet indicate any divergence and this shows lack of strong momentum, overall Johnson & Johnson Charts are now specify a some what movement, RSI might move only between the same levels of 40 and 80. The ex-dividend date was Friday, November 18th.



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