Johnson & Johnson (NYSE:JNJ) Shares Sold by Monarch Capital Management Inc

Sunday, 14 Jan, 2018

The institutional investor owned 30,734 shares of the company's stock after selling 5,381 shares during the quarter. Montecito Bank & Trust now owns 32,931 shares of the company's stock worth $4,102,000 after acquiring an additional 424 shares during the period. Johnson& Johnson now has $391.59 billion valuation. The stock decreased 0.41% or $0.24 during the last trading session, reaching $58.46. 5,450,000 shares of the company traded hands, compared to its average volume of 5,920,000. Johnson & Johnson (NYSE:JNJ) has risen 12.54% since January 14, 2017 and is uptrending. It has underperformed by 4.16% the S&P500.

Apriem Advisors decreased its stake in General Electric Co (GE) by 95.21% based on its latest 2017Q3 regulatory filing with the SEC. Harbour Capital Advisors LLC now owns 2,501,472 shares of the company's stock valued at $18,909,000 after purchasing an additional 2,482,843 shares in the last quarter. The hedge fund held 75,147 shares of the oil & gas production company at the end of 2017Q3, valued at $4.90M, down from 147,849 at the end of the previous reported quarter. Apriem Advisors who had been investing in General Electric Co for a number of months, seems to be less bullish one the $162.69B market cap company.

The stock increased 0.86% or $0.23 during the last trading session, reaching $27.06.

Bar Harbor Trust Services holds 2.59% of its portfolio in Primoris Services Corporation for 165,405 shares. It has underperformed by 35.31% the S&P500. Four analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. Therefore 38% are positive. EQT Corporation had 76 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was upgraded by Deutsche Bank on Tuesday, September 29 to "Buy". As per Thursday, August 25, the company rating was upgraded by Seaport Global Securities. The firm earned "Sell" rating on Friday, May 20 by Standpoint Research. Cowen & Co has "Buy" rating and $147.0 target. Wells Fargo & Co reaffirmed an "outperform" rating and issued a $160.00 price target (up previously from $155.00) on shares of Johnson & Johnson in a research note on Friday.

Investors sentiment is 0.83 in Q3 2017. Its up 0.20, from 0.88 in 2017Q2. 71 funds opened positions while 145 raised stakes. Cibc Asset invested in 0.01% or 17,546 shares. Denver Invest Advisors Limited Liability invested 0.11% of its portfolio in EQT Corporation (NYSE:EQT). Fairview Capital Inv Mngmt Ltd Liability Com reported 285,887 shares. 184.83 million shares or 6.77% more from 173.11 million shares in 2017Q2 were reported. Greenwood Gearhart holds 61,196 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt Sys holds 0.25% of its portfolio in General Electric Company (NYSE:GE) for 704,123 shares. Korea-based Mirae Asset Invests Ltd has invested 0.03% in General Electric Company (NYSE:GE). Bokf Na accumulated 0.01% or 6,307 shares. First Bank & Trust Sioux Falls invested 2.61% in General Electric Company (NYSE:GE). Destination Wealth Mgmt invested in 196,500 shares or 1.63% of the stock. 157,099 are owned by Tortoise Advsrs Limited Co. It also upped Core Laboratories N V (NYSE:CLB) stake by 3,349 shares and now owns 4,253 shares. Mountain Capital Investment Advisors Inc bought a new stake in shares of Johnson & Johnson during the 2nd quarter valued at about $124,000.

Analysts await EQT Corporation (NYSE:EQT) to report earnings on February, 1. Comgest Glob Invsts Sas accumulated 36,600 shares or 0.11% of the stock. EQT's profit will be $79.57M for 48.72 P/E if the $0.30 EPS becomes a reality. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.10.

Investors sentiment increased to 1.03 in 2017 Q3.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JNJ. Federated Investors Pa, a Pennsylvania-based fund reported 225,713 shares.

Shares of Johnson & Johnson (NYSE:JNJ) traded down 0.13% on Tuesday, hitting $115.81. The company has market cap of $1.39 billion. Commerzbank Aktiengesellschaft Fi stated it has 0.75% in Johnson & Johnson (NYSE:JNJ). Capital Mngmt Assocs New York invested in 2,100 shares or 0.39% of the stock. Johnson & Johnson has a twelve month low of $110.76 and a twelve month high of $146.42. Employees Retirement Association Of Colorado stated it has 0.45% in Johnson & Johnson (NYSE:JNJ). Motley Fool Wealth Mngmt Limited Liability reported 0.1% stake. Northstar Investment Advisors Lc has invested 2.43% of its portfolio in Johnson & Johnson (NYSE:JNJ). Stevens Cap Management LP holds 0.13% of its portfolio in EQT Corporation (NYSE:EQT) for 53,363 shares.

ILLEGAL ACTIVITY WARNING: "Oxbow Advisors LLC Sells 5,381 Shares of Johnson & Johnson (JNJ)" was originally reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. Cls Invs Limited Com stated it has 3,525 shares. RBC Capital Markets maintained Johnson & Johnson (NYSE:JNJ) rating on Wednesday, July 20. Therefore 52% are positive. Johnson & Johnson had 84 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has "Equal-Weight" rating by Barclays Capital given on Wednesday, October 18. On Wednesday, October 7 the stock rating was maintained by RBC Capital Markets with "Outperform". They set a "neutral" rating and a $140.00 target price on the stock. UBS maintained the shares of JNJ in report on Thursday, August 31 with "Buy" rating. S&P Research maintained Johnson & Johnson (NYSE:JNJ) on Wednesday, October 14 with "Buy" rating. JP Morgan has "Overweight" rating and $81 target.

Johnson & Johnson (NYSE:JNJ) last issued its quarterly earnings results on Tuesday, October 17th. They expect $1.72 earnings per share, up 8.86% or $0.14 from last year's $1.58 per share. JNJ's profit would be $4.62B giving it 21.19 P/E if the $1.72 EPS is correct. Finally, Lbmc Investment Advisors LLC raised its stake in shares of Johnson & Johnson by 0.4% in the 2nd quarter.

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