Meiji Yasuda Life Insurance Company Has Raised Johnson & Johnson (JNJ) Stake by $481,079; Chevron New (CVX) Shareholder Intersect Capital Cut Its Position

April 17, 2018 - By Peter Mason

Chevron Corporation (NYSE:CVX) Logo

Intersect Capital Llc decreased its stake in Chevron Corp New (CVX) by 8.94% based on its latest 2017Q4 regulatory filing with the SEC. Intersect Capital Llc sold 2,921 shares as the company’s stock declined 8.26% with the market. The institutional investor held 29,750 shares of the integrated oil company at the end of 2017Q4, valued at $3.72M, down from 32,671 at the end of the previous reported quarter. Intersect Capital Llc who had been investing in Chevron Corp New for a number of months, seems to be less bullish one the $231.39B market cap company. The stock increased 0.36% or $0.43 during the last trading session, reaching $121.13. About 852,299 shares traded. Chevron Corporation (NYSE:CVX) has risen 7.88% since April 17, 2017 and is uptrending. It has underperformed by 3.67% the S&P500.

Meiji Yasuda Life Insurance Company increased its stake in Johnson & Johnson (JNJ) by 6.73% based on its latest 2017Q4 regulatory filing with the SEC. Meiji Yasuda Life Insurance Company bought 3,461 shares as the company’s stock declined 9.21% with the market. The institutional investor held 54,902 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $7.67M, up from 51,441 at the end of the previous reported quarter. Meiji Yasuda Life Insurance Company who had been investing in Johnson & Johnson for a number of months, seems to be bullish on the $346.68B market cap company. The stock decreased 1.92% or $2.53 during the last trading session, reaching $129.23. About 4.54M 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.

Analysts await Chevron Corporation (NYSE:CVX) to report earnings on April, 27 before the open. They expect $1.48 earnings per share, up 4.96% or $0.07 from last year’s $1.41 per share. CVX’s profit will be $2.83 billion for 20.46 P/E if the $1.48 EPS becomes a reality. After $0.73 actual earnings per share reported by Chevron Corporation for the previous quarter, Wall Street now forecasts 102.74% EPS growth.

Investors sentiment increased to 0.99 in Q4 2017. Its up 0.04, from 0.95 in 2017Q3. It increased, as 51 investors sold CVX shares while 686 reduced holdings. 122 funds opened positions while 608 raised stakes. 1.19 billion shares or 0.58% more from 1.18 billion shares in 2017Q3 were reported. Rfg Advisory Grp Inc Lc reported 4,930 shares. Buckhead Cap Mngmt Limited Com holds 1.32% or 49,368 shares. Cleararc Inc invested 0.82% of its portfolio in Chevron Corporation (NYSE:CVX). Robeco Institutional Asset Management Bv accumulated 242,215 shares. 556,768 are owned by State Treasurer State Of Michigan. Van Eck stated it has 22,005 shares. Schulhoff & Co owns 30,006 shares for 2.11% of their portfolio. M&R Cap Mgmt holds 0.61% of its portfolio in Chevron Corporation (NYSE:CVX) for 21,007 shares. Riverhead Capital Mngmt Ltd Company has invested 0.21% in Chevron Corporation (NYSE:CVX). Daiwa Sb Investments has invested 0.08% of its portfolio in Chevron Corporation (NYSE:CVX). Phocas Corporation invested 0.08% of its portfolio in Chevron Corporation (NYSE:CVX). 148,311 were reported by Parsec Finance Incorporated. Jane Street Group Inc Lc invested 0.15% in Chevron Corporation (NYSE:CVX). Bender Robert Assoc stated it has 2,140 shares. Baldwin Brothers Ma invested in 9,148 shares or 0.18% of the stock.

Among 35 analysts covering Chevron Corporation (NYSE:CVX), 26 have Buy rating, 0 Sell and 9 Hold. Therefore 74% are positive. Chevron Corporation had 119 analyst reports since August 4, 2015 according to SRatingsIntel. Cowen & Co maintained the stock with “Buy” rating in Thursday, July 27 report. The firm has “Buy” rating given on Thursday, December 21 by Scotia Capital. As per Monday, October 12, the company rating was maintained by Barclays Capital. The rating was maintained by Piper Jaffray with “Buy” on Tuesday, October 10. The firm earned “Buy” rating on Thursday, December 21 by Cowen & Co. The stock of Chevron Corporation (NYSE:CVX) has “Buy” rating given on Tuesday, October 24 by Cowen & Co. On Friday, March 18 the stock rating was initiated by Nomura with “Neutral”. The stock of Chevron Corporation (NYSE:CVX) has “Sell” rating given on Friday, August 18 by RBC Capital Markets. The company was upgraded on Tuesday, November 15 by CLSA. The stock of Chevron Corporation (NYSE:CVX) has “Buy” rating given on Tuesday, November 3 by Evercore.

Among 23 analysts covering Johnson & Johnson (NYSE:JNJ), 11 have Buy rating, 5 Sell and 7 Hold. Therefore 48% are positive. Johnson & Johnson had 95 analyst reports since August 7, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Piper Jaffray on Monday, October 5. The company was downgraded on Friday, July 21 by BTIG Research. On Friday, June 16 the stock rating was maintained by Jefferies with “Hold”. Cowen & Co maintained the stock with “Outperform” rating in Tuesday, August 25 report. The company was maintained on Wednesday, October 18 by Leerink Swann. The stock has “Buy” rating by Citigroup on Monday, October 23. Wells Fargo maintained it with “Buy” rating and $160.0 target in Tuesday, February 6 report. Goldman Sachs maintained Johnson & Johnson (NYSE:JNJ) rating on Wednesday, April 20. Goldman Sachs has “Neutral” rating and $114 target. The company was upgraded on Wednesday, July 20 by Argus Research. Jefferies maintained the shares of JNJ in report on Wednesday, October 18 with “Buy” rating.

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

Chevron Corporation (NYSE:CVX) Institutional Positions Chart

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