As Safety Ins Group Com (SAFT) Shares Declined, Holder Fernwood Investment Management Lowered Its Position; As Johnson & Johnson (JNJ) Shares Declined, Doheny Asset Management Has Cut Its Stake by $312,750

April 11, 2018 - By Winifred Garcia

Johnson & Johnson (NYSE:JNJ) Logo

Doheny Asset Management decreased its stake in Johnson & Johnson (JNJ) by 5.11% based on its latest 2017Q4 regulatory filing with the SEC. Doheny Asset Management sold 2,250 shares as the company’s stock declined 9.21% with the market. The institutional investor held 41,823 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $5.84M, down from 44,073 at the end of the previous reported quarter. Doheny Asset Management who had been investing in Johnson & Johnson for a number of months, seems to be less bullish one the $347.94B market cap company. The stock decreased 0.42% or $0.5492 during the last trading session, reaching $129.7008. About 3.05 million shares traded. Johnson & Johnson (NYSE:JNJ) has risen 1.12% since April 11, 2017 and is uptrending. It has underperformed by 10.43% the S&P500.

Fernwood Investment Management Llc decreased its stake in Safety Ins Group Inc Com (SAFT) by 47.7% based on its latest 2017Q4 regulatory filing with the SEC. Fernwood Investment Management Llc sold 5,700 shares as the company’s stock declined 5.34% with the market. The institutional investor held 6,250 shares of the finance company at the end of 2017Q4, valued at $502,000, down from 11,950 at the end of the previous reported quarter. Fernwood Investment Management Llc who had been investing in Safety Ins Group Inc Com for a number of months, seems to be less bullish one the $1.18B market cap company. The stock increased 0.59% or $0.45 during the last trading session, reaching $77.3. About 11,658 shares traded. Safety Insurance Group, Inc. (NASDAQ:SAFT) has risen 10.76% since April 11, 2017 and is uptrending. It has underperformed by 0.79% the S&P500.

Analysts await Johnson & Johnson (NYSE:JNJ) to report earnings on April, 17. They expect $2.01 EPS, up 9.84% or $0.18 from last year’s $1.83 per share. JNJ’s profit will be $5.39 billion for 16.13 P/E if the $2.01 EPS becomes a reality. After $1.74 actual EPS reported by Johnson & Johnson for the previous quarter, Wall Street now forecasts 15.52% EPS growth.

Since February 15, 2018, it had 0 insider buys, and 1 insider sale for $20.17 million activity.

Doheny Asset Management, which manages about $245.55M and $214.55M US Long portfolio, upped its stake in Bp Plc F Sponsored Adr 1 Adr R (NYSE:BP) by 18,500 shares to 113,900 shares, valued at $4.79 million in 2017Q4, according to the filing. It also increased its holding in Sprague Resources Lp Lp (NYSE:SRLP) by 25,500 shares in the quarter, for a total of 158,550 shares, and has risen its stake in Phillips 66 (NYSE:PSX).

Among 23 analysts covering Johnson & Johnson (NYSE:JNJ), 11 have Buy rating, 5 Sell and 7 Hold. Therefore 48% are positive. Johnson & Johnson had 93 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, October 18 by RBC Capital Markets. Argus Research maintained it with “Buy” rating and $165 target in Wednesday, October 18 report. Jefferies maintained Johnson & Johnson (NYSE:JNJ) on Wednesday, October 18 with “Buy” rating. The firm has “Underweight” rating by Alembic given on Friday, July 21. As per Tuesday, January 2, the company rating was downgraded by JP Morgan. The company was maintained on Tuesday, June 13 by Cowen & Co. The firm earned “Outperform” rating on Tuesday, August 25 by Cowen & Co. The firm earned “Neutral” rating on Friday, December 18 by Atlantic Securities. The stock has “Buy” rating by Leerink Swann on Wednesday, October 18. As per Wednesday, April 20, the company rating was maintained by Argus Research.

Investors sentiment increased to 0.87 in 2017 Q4. Its up 0.04, from 0.83 in 2017Q3. It increased, as 35 investors sold JNJ shares while 884 reduced holdings. 143 funds opened positions while 654 raised stakes. 1.72 billion shares or 0.40% more from 1.71 billion shares in 2017Q3 were reported. Moreover, Front Barnett Assoc Lc has 0.23% invested in Johnson & Johnson (NYSE:JNJ). Pictet North America Advsrs Sa owns 4,386 shares for 0.09% of their portfolio. Comerica Fincl Bank has invested 0.95% in Johnson & Johnson (NYSE:JNJ). Ntv Asset Ltd Liability Corporation stated it has 1.26% in Johnson & Johnson (NYSE:JNJ). Panagora Asset Inc stated it has 1.42 million shares or 0.74% of all its holdings. Grandfield & Dodd Limited Company reported 105,676 shares. Private Mgmt Grp Inc invested 0.03% in Johnson & Johnson (NYSE:JNJ). Regal Investment Advisors Limited reported 40,784 shares stake. Moreover, Walter Keenan Fin Consulting Company Mi Adv has 3.08% invested in Johnson & Johnson (NYSE:JNJ). Boothbay Fund Mngmt Limited Co invested in 0.04% or 1,826 shares. Mcmillion Management has 36,525 shares for 3.07% of their portfolio. Garrison Bradford reported 3,700 shares. San Francisco Sentry Gp (Ca), a California-based fund reported 32,308 shares. Nuance Limited Liability Co has invested 1.44% in Johnson & Johnson (NYSE:JNJ). 134,166 were accumulated by Glg Ltd Liability Corp.

Johnson & Johnson (NYSE:JNJ) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By1 Winifred Garcia

Automatic Stock Updates

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: