Johnson & Johnson (JNJ) Stock Price Declined While Meritage Portfolio Management Cut Its Stake by $476,353; Md Sass Investors Services Cut Position in Royal Caribbean Cruises LTD (RCL) by $487,900 as Share Value Declined

April 24, 2018 - By Peter Mason

Royal Caribbean Cruises Ltd. (NYSE:RCL) Logo

Martin D. Sass decreased its stake in Royal Caribbean Cruises Ltd (RCL) by 14.14% based on its latest 2017Q4 regulatory filing with the SEC. Md Sass Investors Services Inc sold 4,100 shares as the company’s stock declined 2.28% with the market. The hedge fund run by Martin D. Sass held 24,900 shares of the marine transportation company at the end of 2017Q4, valued at $2.97 million, down from 29,000 at the end of the previous reported quarter. Md Sass Investors Services Inc who had been investing in Royal Caribbean Cruises Ltd for a number of months, seems to be less bullish one the $25.14 billion market cap company. The stock decreased 1.76% or $2.11 during the last trading session, reaching $117.6. About 901,546 shares traded. Royal Caribbean Cruises Ltd. (NYSE:RCL) has risen 19.16% since April 24, 2017 and is uptrending. It has outperformed by 7.61% the S&P500.

Meritage Portfolio Management decreased its stake in Johnson & Johnson (JNJ) by 3.08% based on its latest 2017Q4 regulatory filing with the SEC. Meritage Portfolio Management sold 3,427 shares as the company’s stock declined 9.21% with the market. The institutional investor held 107,845 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $15.07 million, down from 111,272 at the end of the previous reported quarter. Meritage Portfolio Management who had been investing in Johnson & Johnson for a number of months, seems to be less bullish one the $337.93B market cap company. The stock decreased 0.68% or $0.86 during the last trading session, reaching $125.97. About 4.63M shares traded. Johnson & Johnson (NYSE:JNJ) has risen 1.12% since April 24, 2017 and is uptrending. It has underperformed by 10.43% the S&P500.

Since December 13, 2017, it had 0 insider buys, and 11 selling transactions for $21.32 million activity. Bayley Michael W had sold 19,060 shares worth $2.50 million. 7,404 shares valued at $996,208 were sold by Lutoff-Perlo Lisa on Monday, January 29. Liberty Jason T sold 5,892 shares worth $772,942.

Investors sentiment increased to 1.32 in Q4 2017. Its up 0.07, from 1.25 in 2017Q3. It improved, as 38 investors sold RCL shares while 175 reduced holdings. 85 funds opened positions while 197 raised stakes. 153.74 million shares or 0.36% more from 153.19 million shares in 2017Q3 were reported. Md Sass has 0.27% invested in Royal Caribbean Cruises Ltd. (NYSE:RCL) for 24,900 shares. Eqis Capital Mngmt holds 0.02% or 3,837 shares. Iberiabank Corp holds 5,223 shares or 0.1% of its portfolio. Amica Pension Fund Board Of Trustees has 6,405 shares. Wedge Cap Mgmt L LP Nc has invested 0.5% of its portfolio in Royal Caribbean Cruises Ltd. (NYSE:RCL). National Asset Management holds 0.04% or 2,305 shares in its portfolio. Usa Fincl Portformulas reported 3,853 shares stake. Bank & Trust Of America Corp De invested 0.01% of its portfolio in Royal Caribbean Cruises Ltd. (NYSE:RCL). Grantham Mayo Van Otterloo & Communication Ltd Llc invested in 69,700 shares or 0.05% of the stock. Suntrust Banks holds 0% or 7,814 shares in its portfolio. Nikko Asset Mngmt Americas holds 0% in Royal Caribbean Cruises Ltd. (NYSE:RCL) or 1,000 shares. Hanson Mcclain accumulated 303 shares. Granahan Mgmt Inc Ma has invested 0.07% in Royal Caribbean Cruises Ltd. (NYSE:RCL). Growth Mngmt Ltd Partnership reported 2.77% in Royal Caribbean Cruises Ltd. (NYSE:RCL). Leuthold Group Ltd Liability reported 0.73% of its portfolio in Royal Caribbean Cruises Ltd. (NYSE:RCL).

Among 23 analysts covering Royal Caribbean Cruises Ltd. (NYSE:RCL), 16 have Buy rating, 1 Sell and 6 Hold. Therefore 70% are positive. Royal Caribbean Cruises Ltd. had 67 analyst reports since August 3, 2015 according to SRatingsIntel. Wedbush maintained it with “Buy” rating and $139.0 target in Wednesday, November 8 report. The rating was maintained by Susquehanna with “Buy” on Thursday, January 18. The stock of Royal Caribbean Cruises Ltd. (NYSE:RCL) earned “Buy” rating by SunTrust on Friday, October 13. The rating was downgraded by Goldman Sachs to “Sell” on Thursday, January 19. The firm has “Buy” rating given on Wednesday, November 8 by Buckingham Research. As per Thursday, April 19, the company rating was maintained by Stifel Nicolaus. The rating was upgraded by Berenberg to “Buy” on Thursday, January 11. Goldman Sachs maintained Royal Caribbean Cruises Ltd. (NYSE:RCL) on Tuesday, April 26 with “Buy” rating. Morgan Stanley maintained the stock with “Equal-Weight” rating in Monday, November 13 report. The firm has “Positive” rating by Susquehanna given on Wednesday, February 3.

Md Sass Investors Services Inc, which manages about $1.91 billion and $1.12 billion US Long portfolio, upped its stake in Eqt Midstream Partners Lp (NYSE:EQM) by 77,500 shares to 116,300 shares, valued at $8.50M in 2017Q4, according to the filing. It also increased its holding in Norwegian Cruise Line Hldgs (NASDAQ:NCLH) by 285,390 shares in the quarter, for a total of 713,885 shares, and has risen its stake in General Communication Inc (NASDAQ:GNCMA).

Analysts await Royal Caribbean Cruises Ltd. (NYSE:RCL) to report earnings on April, 27. They expect $0.96 earnings per share, down 3.03% or $0.03 from last year’s $0.99 per share. RCL’s profit will be $205.20 million for 30.63 P/E if the $0.96 EPS becomes a reality. After $1.34 actual earnings per share reported by Royal Caribbean Cruises Ltd. for the previous quarter, Wall Street now forecasts -28.36% negative EPS growth.

Among 23 analysts covering Johnson & Johnson (NYSE:JNJ), 11 have Buy rating, 5 Sell and 7 Hold. Therefore 48% are positive. Johnson & Johnson had 100 analyst reports since August 7, 2015 according to SRatingsIntel. Credit Suisse maintained Johnson & Johnson (NYSE:JNJ) rating on Thursday, October 19. Credit Suisse has “Buy” rating and $154.0 target. On Wednesday, October 11 the stock rating was upgraded by Jefferies to “Buy”. The rating was upgraded by JP Morgan to “Overweight” on Monday, May 15. The company was maintained on Friday, September 22 by RBC Capital Markets. The rating was initiated by Standpoint Research with “Sell” on Friday, May 20. The firm earned “Sell” rating on Friday, July 21 by Atlantic Securities. The rating was maintained by RBC Capital Markets with “Buy” on Sunday, August 27. The rating was maintained by UBS with “Buy” on Wednesday, July 19. Argus Research upgraded Johnson & Johnson (NYSE:JNJ) on Wednesday, July 20 to “Buy” rating. Wells Fargo downgraded the stock to “Market Perform” rating in Thursday, January 26 report.

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

Meritage Portfolio Management, which manages about $1.31 billion and $1.04 billion US Long portfolio, upped its stake in Steelcase Inc (NYSE:SCS) by 93,955 shares to 260,520 shares, valued at $3.96 million in 2017Q4, according to the filing. It also increased its holding in Apple Inc (NASDAQ:AAPL) by 17,430 shares in the quarter, for a total of 190,406 shares, and has risen its stake in Verizon Communications (NYSE:VZ).

Investors sentiment increased to 0.87 in Q4 2017. Its up 0.04, from 0.83 in 2017Q3. It improved, 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. Iberiabank invested 1.48% in Johnson & Johnson (NYSE:JNJ). Toth Advisory Corp has 53,359 shares for 1.77% of their portfolio. Smith Asset Grp LP owns 27 shares. Farmers And Merchants Invs Inc invested in 144,326 shares. Caz Investments Limited Partnership has 7,580 shares for 2.37% of their portfolio. Petrus Lta has 3.86% invested in Johnson & Johnson (NYSE:JNJ). Provise Grp Ltd Liability has 1.35% invested in Johnson & Johnson (NYSE:JNJ). Bingham Osborn And Scarborough Limited Liability stated it has 0.11% in Johnson & Johnson (NYSE:JNJ). The Tennessee-based Mastrapasqua Asset Mgmt has invested 0.17% in Johnson & Johnson (NYSE:JNJ). Shamrock Asset Management Limited Liability Co holds 0.54% or 6,492 shares. Hsbc Public Limited has invested 1.23% in Johnson & Johnson (NYSE:JNJ). Wesbanco National Bank accumulated 225,985 shares. Stadion Money Ltd Liability has invested 0.06% in Johnson & Johnson (NYSE:JNJ). Diligent Investors Lc reported 6,515 shares stake. Troy Asset Management has 153,600 shares for 0.89% of their portfolio.

Johnson & Johnson (NYSE:JNJ) Institutional Positions Chart

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By1 Peter Mason

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