Delta Asset Management Lowered Stake in Avery Dennison (AVY) by $5.15 Million; Johnson & Johnson (JNJ) Shareholder Busey Trust Company Lowered Stake as Stock Rose

February 19, 2018 - By Migdalia James

Busey Trust Company decreased its stake in Johnson & Johnson (JNJ) by 1.71% based on its latest 2017Q3 regulatory filing with the SEC. Busey Trust Company sold 2,624 shares as the company’s stock rose 6.85% with the market. The institutional investor held 150,692 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $19.59M, down from 153,316 at the end of the previous reported quarter. Busey Trust Company who had been investing in Johnson & Johnson for a number of months, seems to be less bullish one the $357.71 billion market cap company. The stock increased 1.46% or $1.92 during the last trading session, reaching $133.15. About 7.97 million shares traded or 6.53% up from the average. Johnson & Johnson (NYSE:JNJ) has risen 12.54% since February 19, 2017 and is uptrending. It has underperformed by 4.16% the S&P500.

Delta Asset Management Llc decreased its stake in Avery Dennison Corp (AVY) by 18.3% based on its latest 2017Q3 regulatory filing with the SEC. Delta Asset Management Llc sold 52,543 shares as the company’s stock rose 4.22% with the market. The institutional investor held 234,528 shares of the containers and packaging company at the end of 2017Q3, valued at $23.06M, down from 287,071 at the end of the previous reported quarter. Delta Asset Management Llc who had been investing in Avery Dennison Corp for a number of months, seems to be less bullish one the $10.46 billion market cap company. The stock decreased 0.61% or $0.73 during the last trading session, reaching $118.8. About 642,638 shares traded. Avery Dennison Corporation (NYSE:AVY) has risen 10.91% since February 19, 2017 and is uptrending. It has underperformed by 5.79% the S&P500.

Busey Trust Company, which manages about $836.74 million US Long portfolio, upped its stake in Citigroup Inc (NYSE:C) by 51,711 shares to 254,753 shares, valued at $18.53 million in 2017Q3, according to the filing.

Investors sentiment is 0.83 in 2017 Q3. 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. Heritage Management, a Maryland-based fund reported 168,286 shares. Capital Research Glob Investors accumulated 6.64M shares. Saratoga Research & Invest Mgmt owns 3,055 shares or 0.24% of their US portfolio. Fcg Advsr Limited Liability Corporation holds 1.86% or 38,879 shares. Redmond Asset Limited Liability Corporation reported 2,376 shares or 0.14% of all its holdings. Caprock Grp accumulated 1.28% or 47,119 shares. Lakeview Limited Company holds 11,342 shares. Partnervest Advisory Serv Lc reported 0.38% stake. State Street reported 1.74% of its portfolio in Johnson & Johnson (NYSE:JNJ). Nippon Life Ins has invested 0.98% of its portfolio in Johnson & Johnson (NYSE:JNJ). Acg Wealth invested in 1.13% or 50,076 shares. Private Wealth Ptnrs Limited Liability holds 0.76% or 29,078 shares in its portfolio. Jfs Wealth Advsr Ltd invested in 24,276 shares. Provise Group Limited Com has invested 1.28% in Johnson & Johnson (NYSE:JNJ). Greenwood Capital Associates Limited Liability, South Carolina-based fund reported 55,917 shares.

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. The firm has “Buy” rating given on Tuesday, June 13 by Cowen & Co. The stock has “Sell” rating by BTIG Research on Tuesday, January 23. The rating was maintained by BTIG Research with “Sell” on Wednesday, August 2. The company was maintained on Tuesday, September 13 by Jefferies. Goldman Sachs maintained the shares of JNJ in report on Wednesday, April 20 with “Neutral” rating. The firm has “Hold” rating by Piper Jaffray given on Monday, October 2. The rating was maintained by Morgan Stanley with “Equal-Weight” on Wednesday, October 18. On Thursday, January 26 the stock rating was downgraded by Wells Fargo to “Market Perform”. The company was maintained on Tuesday, July 18 by BMO Capital Markets. Jefferies maintained the stock with “Hold” rating in Tuesday, June 14 report.

Since August 28, 2017, it had 0 insider buys, and 4 insider sales for $2.84 million activity. SCARBOROUGH DEAN A sold $2.10 million worth of Avery Dennison Corporation (NYSE:AVY) on Friday, October 27. Another trade for 2,000 shares valued at $188,000 was sold by PYOTT DAVID E I. Anderson Anthony sold $325,466 worth of stock.

Delta Asset Management Llc, which manages about $659.71 million and $661.67M US Long portfolio, upped its stake in Eaton Corp Plc (NYSE:ETN) by 4,532 shares to 101,074 shares, valued at $7.76 million in 2017Q3, according to the filing.

Investors sentiment decreased to 0.92 in 2017 Q3. Its down 0.05, from 0.97 in 2017Q2. It dropped, as 34 investors sold AVY shares while 167 reduced holdings. 50 funds opened positions while 134 raised stakes. 70.08 million shares or 2.56% less from 71.92 million shares in 2017Q2 were reported. Richard Bernstein Advisors Limited Company has invested 0.17% in Avery Dennison Corporation (NYSE:AVY). Ftb Advsr holds 0% or 425 shares. Moreover, Bp Public Ltd Company has 0.04% invested in Avery Dennison Corporation (NYSE:AVY). Moreover, Keybank National Association Oh has 0% invested in Avery Dennison Corporation (NYSE:AVY). Nordea Mngmt Ab has 131,073 shares. Dubuque National Bank & Trust And Trust Com stated it has 0% in Avery Dennison Corporation (NYSE:AVY). Bowen Hanes And Comm holds 1.73% or 373,226 shares. Brown Advisory Ltd Liability holds 0.1% or 4,787 shares in its portfolio. Guardian Life Ins Co Of America holds 201 shares. Covington Cap Mgmt holds 0.16% in Avery Dennison Corporation (NYSE:AVY) or 24,679 shares. Franklin Resource Inc holds 0% or 2,875 shares. James Research holds 471,559 shares. Private Co Na has invested 0.21% in Avery Dennison Corporation (NYSE:AVY). Trustmark Natl Bank Tru Department invested in 5,148 shares. Benjamin F Edwards Inc has 1,900 shares for 0.02% of their portfolio.

Among 10 analysts covering Avery Dennison (NYSE:AVY), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. Avery Dennison had 34 analyst reports since October 15, 2015 according to SRatingsIntel. The company was upgraded on Monday, February 12 by J.P. Morgan. The firm earned “Buy” rating on Wednesday, January 10 by Robert W. Baird. Robert W. Baird maintained the shares of AVY in report on Thursday, October 26 with “Buy” rating. The firm earned “Buy” rating on Friday, January 6 by Citigroup. The firm earned “Hold” rating on Friday, February 2 by KeyBanc Capital Markets. The company was downgraded on Thursday, October 26 by JP Morgan. The company was maintained on Tuesday, July 25 by KeyBanc Capital Markets. The stock of Avery Dennison Corporation (NYSE:AVY) earned “Hold” rating by Aegis Capital on Monday, November 21. As per Friday, July 1, the company rating was downgraded by Bank of America. Robert W. Baird maintained the stock with “Buy” rating in Thursday, February 1 report.

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