Lennar N (LEN) Stock Price Rose While Hexavest Trimmed Position; Glg Has Trimmed Stake in Johnson & Johnson (JNJ) as Share Value Rose

February 17, 2018 - By Marguerite Chambers

Glg Llc decreased its stake in Johnson & Johnson (JNJ) by 8.51% based on its latest 2017Q3 regulatory filing with the SEC. Glg Llc sold 12,473 shares as the company’s stock rose 6.85% with the market. The hedge fund held 134,166 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $17.44 million, down from 146,639 at the end of the previous reported quarter. Glg Llc who had been investing in Johnson & Johnson for a number of months, seems to be less bullish one the $357.71B market cap company. The stock increased 1.46% or $1.92 during the last trading session, reaching $133.15. About 7.97M shares traded or 7.28% up from the average. Johnson & Johnson (NYSE:JNJ) has risen 12.54% since February 17, 2017 and is uptrending. It has underperformed by 4.16% the S&P500.

Hexavest Inc decreased its stake in Lennar Corp N (LEN) by 22.92% based on its latest 2017Q3 regulatory filing with the SEC. Hexavest Inc sold 537,270 shares as the company’s stock rose 12.25% with the market. The hedge fund held 1.81 million shares of the homebuilding company at the end of 2017Q3, valued at $95.39 million, down from 2.34 million at the end of the previous reported quarter. Hexavest Inc who had been investing in Lennar Corp N for a number of months, seems to be less bullish one the $19.27B market cap company. The stock increased 0.76% or $0.46 during the last trading session, reaching $60.86. About 6.36M shares traded or 40.02% up from the average. Lennar Corporation (NYSE:LEN) has risen 19.91% since February 17, 2017 and is uptrending. It has outperformed by 3.21% the S&P500.

Glg Llc, which manages about $4.34 billion and $1.54B US Long portfolio, upped its stake in Honeywell Intl Inc (NYSE:HON) by 16,536 shares to 34,026 shares, valued at $4.82 million in 2017Q3, according to the filing. It also increased its holding in Cigna Corporation (NYSE:CI) by 7,639 shares in the quarter, for a total of 35,401 shares, and has risen its stake in Bristol Myers Squibb Co (NYSE:BMY).

Among 23 analysts covering Johnson & Johnson (NYSE:JNJ), 12 have Buy rating, 5 Sell and 6 Hold. Therefore 52% are positive. Johnson & Johnson had 89 analyst reports since August 7, 2015 according to SRatingsIntel. UBS maintained Johnson & Johnson (NYSE:JNJ) rating on Thursday, August 31. UBS has “Buy” rating and $148.0 target. Wells Fargo upgraded the stock to “Buy” rating in Monday, October 9 report. As per Wednesday, January 24, the company rating was maintained by Stifel Nicolaus. The firm has “Sell” rating by Goldman Sachs given on Wednesday, September 20. As per Thursday, August 31, the company rating was maintained by BMO Capital Markets. The rating was downgraded by Barclays Capital to “Equal-Weight” on Tuesday, November 29. The stock has “Market Perform” rating by Wells Fargo on Thursday, January 26. Jefferies maintained the stock with “Hold” rating in Thursday, August 4 report. As per Thursday, August 24, the company rating was maintained by Cowen & Co. The rating was initiated by UBS with “Buy” on Tuesday, September 22.

Investors sentiment is 0.83 in Q3 2017. Its the same as in 2017Q2. It is the same, as 45 investors sold JNJ shares while 871 reduced holdings. only 111 funds opened positions while 645 raised stakes. 1.71 billion shares or 0.90% less from 1.73 billion shares in 2017Q2 were reported. Cutler Investment Counsel Ltd Co has invested 2.31% in Johnson & Johnson (NYSE:JNJ). Haverford Co owns 1.13M shares. Dana Investment Advsr invested in 265,269 shares. Arbor Invest Advisors Lc has 1,727 shares for 0.11% of their portfolio. Grand Jean Cap accumulated 4,691 shares or 0.22% of the stock. Marsico Capital Lc, Colorado-based fund reported 68,803 shares. Mitchell Sinkler Starr Pa holds 18,805 shares. Tealwood Asset Management accumulated 35,667 shares. Brighton Jones Ltd Liability Corporation has invested 0.32% in Johnson & Johnson (NYSE:JNJ). Maryland owns 28,745 shares. First Natl Bank Of Omaha holds 0.82% or 102,518 shares in its portfolio. 1St Source Bank has 1.2% invested in Johnson & Johnson (NYSE:JNJ). Sunbelt Securities Incorporated stated it has 5,459 shares or 0.75% of all its holdings. Loeb Prtn stated it has 42,700 shares. Sumitomo Life Insur Co reported 108,212 shares.

Investors sentiment decreased to 0.92 in Q3 2017. Its down 0.28, from 1.2 in 2017Q2. It worsened, as 44 investors sold LEN shares while 148 reduced holdings. 45 funds opened positions while 132 raised stakes. 187.83 million shares or 0.17% more from 187.51 million shares in 2017Q2 were reported. Citigroup invested 0% in Lennar Corporation (NYSE:LEN). Plante Moran Fincl Advsrs Limited Liability Com has invested 0.03% in Lennar Corporation (NYSE:LEN). Dnb Asset As invested 0.02% of its portfolio in Lennar Corporation (NYSE:LEN). Viking Invsts Ltd Partnership owns 9.51 million shares for 3.25% of their portfolio. Basswood Capital Management owns 149,958 shares or 0.36% of their US portfolio. Wesbanco Comml Bank Incorporated has invested 0.21% in Lennar Corporation (NYSE:LEN). Moreover, Ing Groep Nv has 0.01% invested in Lennar Corporation (NYSE:LEN). Bokf Na stated it has 0.01% in Lennar Corporation (NYSE:LEN). Suntrust Banks Inc reported 16,230 shares stake. Blair William And Il holds 18,693 shares. Gagnon Securities Limited owns 5,469 shares. Federated Investors Pa has invested 0.03% in Lennar Corporation (NYSE:LEN). Liberty Mutual Asset Mgmt Inc invested 0.03% in Lennar Corporation (NYSE:LEN). National Bank Of Ny Mellon has 0.02% invested in Lennar Corporation (NYSE:LEN) for 1.54 million shares. Thrivent Fincl For Lutherans has 0% invested in Lennar Corporation (NYSE:LEN).

Since October 2, 2017, it had 0 buys, and 9 sales for $16.82 million activity. On Wednesday, January 17 GROSS BRUCE E sold $1.30 million worth of Lennar Corporation (NYSE:LEN) or 18,500 shares. Shares for $1.06 million were sold by JAFFE JONATHAN M. Collins David M sold $355,750 worth of stock or 5,000 shares. $695,000 worth of Lennar Corporation (NYSE:LEN) shares were sold by BESSETTE DIANE J.

Hexavest Inc, which manages about $16.29B and $8.16 billion US Long portfolio, upped its stake in Natl Australia Bank El by 48,664 shares to 667,262 shares, valued at $16.49M in 2017Q3, according to the filing. It also increased its holding in Public Svc Enterpr Co (NYSE:PEG) by 22,298 shares in the quarter, for a total of 583,696 shares, and has risen its stake in Newcrest Mining El.

Among 25 analysts covering Lennar (NYSE:LEN), 21 have Buy rating, 0 Sell and 4 Hold. Therefore 84% are positive. Lennar had 67 analyst reports since September 22, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, October 19 by Keefe Bruyette & Woods. JP Morgan reinitiated Lennar Corporation (NYSE:LEN) on Monday, March 14 with “Neutral” rating. The firm earned “Outperform” rating on Monday, June 27 by Raymond James. Susquehanna maintained Lennar Corporation (NYSE:LEN) rating on Thursday, January 4. Susquehanna has “Buy” rating and $78.0 target. The rating was maintained by Keefe Bruyette & Woods on Tuesday, October 3 with “Buy”. As per Monday, August 28, the company rating was maintained by Keefe Bruyette & Woods. RBC Capital Markets maintained the shares of LEN in report on Monday, September 25 with “Buy” rating. The stock has “Outperform” rating by FBR Capital on Tuesday, September 22. On Thursday, July 13 the stock rating was maintained by RBC Capital Markets with “Buy”. The firm has “Neutral” rating by Wedbush given on Tuesday, September 20.

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By1 Marguerite Chambers

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