Chemung Canal Trust Company Decreased Its Stake in Johnson (JNJ) by $478,716; As General Dynamics (GD) Valuation Rose, Holder Advent Capital Management Has Trimmed Stake by $1.26 Million

April 17, 2018 - By Ellis Scott

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Chemung Canal Trust Company decreased its stake in Johnson (JNJ) by 2.76% based on its latest 2017Q4 regulatory filing with the SEC. Chemung Canal Trust Company sold 3,444 shares as the company’s stock declined 9.21% with the market. The institutional investor held 121,202 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $16.93 million, down from 124,646 at the end of the previous reported quarter. Chemung Canal Trust Company who had been investing in Johnson for a number of months, seems to be less bullish one the $349.30 billion market cap company. The stock decreased 1.18% or $1.5532 during the last trading session, reaching $130.2068. About 6.40 million shares traded. Johnson & Johnson (NYSE:JNJ) has risen 1.12% since April 17, 2017 and is uptrending. It has underperformed by 10.43% the S&P500.

Advent Capital Management decreased its stake in General Dynamics Corp (GD) by 30.61% based on its latest 2017Q4 regulatory filing with the SEC. Advent Capital Management sold 6,228 shares as the company’s stock rose 9.09% while stock markets declined. The institutional investor held 14,116 shares of the marine transportation company at the end of 2017Q4, valued at $2.87M, down from 20,344 at the end of the previous reported quarter. Advent Capital Management who had been investing in General Dynamics Corp for a number of months, seems to be less bullish one the $65.74B market cap company. The stock increased 0.98% or $2.15 during the last trading session, reaching $220.55. About 495,065 shares traded. General Dynamics Corporation (NYSE:GD) has risen 19.18% since April 17, 2017 and is uptrending. It has outperformed by 7.63% the S&P500.

Advent Capital Management, which manages about $5.22B US Long portfolio, upped its stake in Euronet Worldwide Inc (Prn) by 907,000 shares to 19.23 million shares, valued at $23.75M in 2017Q4, according to the filing. It also increased its holding in Wpx Energy Inc by 81,785 shares in the quarter, for a total of 232,114 shares, and has risen its stake in Lendingtree Inc (NASDAQ:TREE).

Since February 14, 2018, it had 0 buys, and 8 insider sales for $8.28 million activity. Roualet Mark C. sold $814,050 worth of stock or 3,585 shares. CASEY JOHN PATRICK sold $2.00 million worth of stock or 9,304 shares. 5,210 shares were sold by LYLES LESTER L, worth $1.15M on Friday, February 23. Whited Gary L sold $1.34M worth of stock or 5,977 shares. The insider KEANE JOHN M sold 1,800 shares worth $389,574.

Analysts await General Dynamics Corporation (NYSE:GD) to report earnings on April, 25 before the open. They expect $2.47 earnings per share, down 0.40% or $0.01 from last year’s $2.48 per share. GD’s profit will be $736.25M for 22.32 P/E if the $2.47 EPS becomes a reality. After $2.50 actual earnings per share reported by General Dynamics Corporation for the previous quarter, Wall Street now forecasts -1.20% negative EPS growth.

Investors sentiment decreased to 1.07 in Q4 2017. Its down 0.01, from 1.08 in 2017Q3. It dropped, as 43 investors sold GD shares while 328 reduced holdings. 108 funds opened positions while 290 raised stakes. 229.66 million shares or 10.22% less from 255.81 million shares in 2017Q3 were reported. Gator Cap Mngmt Llc owns 4,800 shares. Fayez Sarofim And Communications stated it has 5,745 shares or 0.01% of all its holdings. Guggenheim Cap Ltd Co, Illinois-based fund reported 235,175 shares. Mason Street Advsrs Limited Liability Corporation reported 38,679 shares. Hgk Asset Mngmt Inc reported 1.27% stake. Catawba Mgmt Va has 4,547 shares for 0.21% of their portfolio. Nomura Asset Mngmt reported 0.09% stake. Commonwealth Of Pennsylvania Pub School Empls Retrmt stated it has 24,838 shares or 0.07% of all its holdings. Moreover, Park Oh has 0.6% invested in General Dynamics Corporation (NYSE:GD). Lmr Prns Limited Liability Partnership owns 3,727 shares. D E Shaw And invested in 0% or 2,986 shares. Cubist Systematic Strategies Ltd has 0.11% invested in General Dynamics Corporation (NYSE:GD) for 10,222 shares. Pacad Ltd, British Columbia – Canada-based fund reported 800 shares. Argent Co accumulated 0.28% or 3,517 shares. Monroe Bank & Trust And Trust Mi invested in 74 shares.

Among 22 analysts covering General Dynamics Corporation (NYSE:GD), 14 have Buy rating, 2 Sell and 6 Hold. Therefore 64% are positive. General Dynamics Corporation had 76 analyst reports since July 31, 2015 according to SRatingsIntel. The stock of General Dynamics Corporation (NYSE:GD) earned “Underweight” rating by Morgan Stanley on Monday, November 13. The firm has “Outperform” rating given on Tuesday, February 13 by Credit Suisse. Jefferies maintained General Dynamics Corporation (NYSE:GD) rating on Friday, August 11. Jefferies has “Buy” rating and $22000 target. Bernstein downgraded General Dynamics Corporation (NYSE:GD) on Wednesday, May 10 to “Mkt Perform” rating. The firm has “Hold” rating by Deutsche Bank given on Monday, December 5. Credit Suisse maintained it with “Outperform” rating and $259 target in Thursday, January 25 report. The stock of General Dynamics Corporation (NYSE:GD) earned “Hold” rating by Drexel Hamilton on Friday, July 31. Jefferies maintained the stock with “Buy” rating in Wednesday, April 19 report. The firm has “Hold” rating given on Thursday, March 24 by Deutsche Bank. Cowen & Co maintained General Dynamics Corporation (NYSE:GD) on Monday, July 17 with “Buy” rating.

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. Sfmg Limited Liability Corp, Texas-based fund reported 7,559 shares. Aspiriant Limited Liability holds 0.71% of its portfolio in Johnson & Johnson (NYSE:JNJ) for 17,215 shares. Somerset Tru stated it has 2.23% of its portfolio in Johnson & Johnson (NYSE:JNJ). Lsv Asset has invested 2.03% in Johnson & Johnson (NYSE:JNJ). Affinity Limited stated it has 2,495 shares. Arizona-based Ironwood Counsel Limited has invested 3.34% in Johnson & Johnson (NYSE:JNJ). Aqr Ltd Liability Corporation stated it has 0.79% in Johnson & Johnson (NYSE:JNJ). Moon Cap Mgmt Ltd Liability Corporation holds 0.92% or 6,460 shares in its portfolio. Alps, a Colorado-based fund reported 9,727 shares. Moreover, Pictet And Cie (Europe) has 1.32% invested in Johnson & Johnson (NYSE:JNJ). Fairfield Bush And reported 44,871 shares stake. Merriman Wealth Mngmt Limited Liability Corp has 0.28% invested in Johnson & Johnson (NYSE:JNJ) for 8,231 shares. Narwhal Cap Management holds 39,831 shares or 1.28% of its portfolio. Canal Insur Co has invested 2.49% in Johnson & Johnson (NYSE:JNJ). Utd Advisers Ltd Liability Company has 506,838 shares.

Chemung Canal Trust Company, which manages about $457.90 million US Long portfolio, upped its stake in The (NYSE:TRV) by 2,785 shares to 6,910 shares, valued at $937,000 in 2017Q4, according to the filing. It also increased its holding in Ishares (IWD) by 5,421 shares in the quarter, for a total of 17,782 shares, and has risen its stake in Bb&T (NYSE:BBT).

Johnson & Johnson (NYSE:JNJ) Institutional Positions Chart

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By1 Ellis Scott

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