Wellington Shields Capital Management Cut Johnson & Johnson (JNJ) Holding; Putnam Premier Income Trust (PPT) Has 2.28 Sentiment

December 12, 2017 - By wolcottdaily

Wellington Shields Capital Management Llc decreased Johnson & Johnson (JNJ) stake by 7.07% reported in 2017Q2 SEC filing. Wellington Shields Capital Management Llc sold 3,920 shares as Johnson & Johnson (JNJ)’s stock rose 6.85%. The Wellington Shields Capital Management Llc holds 51,495 shares with $6.81M value, down from 55,415 last quarter. Johnson & Johnson now has $384.58 billion valuation. The stock increased 1.42% or $2.01 during the last trading session, reaching $143.15. About 2.95 million shares traded. Johnson & Johnson (NYSE:JNJ) has risen 12.54% since December 12, 2016 and is uptrending. It has underperformed by 4.16% the S&P500.

The stock decreased 0.39% or $0.02 during the last trading session, reaching $5.15. About 364,808 shares traded or 13.99% up from the average. Putnam Premier Income Trust (PPT) has risen 10.83% since December 12, 2016 and is uptrending. It has underperformed by 5.87% the S&P500.

Sit Investment Associates Inc holds 0.64% of its portfolio in Putnam Premier Income Trust for 4.79 million shares. Sterneck Capital Management Llc owns 109,000 shares or 0.35% of their US portfolio. Moreover, Arlington Capital Management Inc. has 0.32% invested in the company for 142,909 shares. The Georgia-based Investors Asset Management Of Georgia Inc Ga Adv has invested 0.28% in the stock. Shufro Rose & Co Llc, a New York-based fund reported 149,800 shares.

Among 23 analysts covering Johnson & Johnson (NYSE:JNJ), 13 have Buy rating, 5 Sell and 5 Hold. Therefore 57% are positive. Johnson & Johnson had 83 analyst reports since August 7, 2015 according to SRatingsIntel. Citigroup initiated the stock with “Hold” rating in Monday, September 25 report. Stifel Nicolaus maintained the stock with “Hold” rating in Wednesday, October 18 report. BMO Capital Markets maintained the stock with “Buy” rating in Thursday, October 5 report. The rating was maintained by Jefferies on Tuesday, September 13 with “Hold”. The stock of Johnson & Johnson (NYSE:JNJ) has “Outperform” rating given on Wednesday, July 20 by RBC Capital Markets. Cowen & Co maintained Johnson & Johnson (NYSE:JNJ) on Tuesday, August 25 with “Outperform” rating. The company was upgraded on Wednesday, July 20 by Argus Research. Credit Suisse maintained Johnson & Johnson (NYSE:JNJ) rating on Thursday, October 19. Credit Suisse has “Buy” rating and $154.0 target. The stock of Johnson & Johnson (NYSE:JNJ) has “Outperform” rating given on Wednesday, October 7 by RBC Capital Markets. Cowen & Co maintained it with “Buy” rating and $14300 target in Tuesday, June 13 report.

Wellington Shields Capital Management Llc increased Alibaba Group Holding Ltd (NYSE:BABA) stake by 18,650 shares to 28,545 valued at $4.02 million in 2017Q2. It also upped Anadarko Petr. (NYSE:APC) stake by 7,046 shares and now owns 20,058 shares. Metlife Inc (NYSE:MET) was raised too.

Investors sentiment is 0.83 in Q2 2017. Its the same as in 2017Q1. It is flat, as 50 investors sold JNJ shares while 878 reduced holdings. only 105 funds opened positions while 667 raised stakes. 1.73 billion shares or 0.03% less from 1.73 billion shares in 2017Q1 were reported. Kistler stated it has 40,594 shares. Bluecrest Mngmt has 16,678 shares. Lombard Odier Asset Mngmt (Switzerland) accumulated 151,045 shares. 34,577 were reported by Private Wealth Advisors. Moreover, Texas Yale Capital has 0.47% invested in Johnson & Johnson (NYSE:JNJ) for 40,237 shares. Norris Perne And French Ltd Liability Partnership Mi holds 66,047 shares. First Dallas Secs accumulated 2.95% or 30,481 shares. Carnegie Cap Asset Mngmt Limited Liability holds 1.62% or 100,634 shares. Pioneer Mngmt reported 0.98% of its portfolio in Johnson & Johnson (NYSE:JNJ). Murphy Pohlad Asset Mgmt Llc owns 21,025 shares for 2.05% of their portfolio. Virtus Advisers reported 13,199 shares. Crossvault Management Limited Liability Corporation reported 41,146 shares. 14,822 were accumulated by Argi Invest Service Llc. Gilman Hill Asset Ltd Liability Co owns 13,230 shares for 0.76% of their portfolio. Check Capital Management Inc Ca holds 8,509 shares or 0.07% of its portfolio.

Analysts await Johnson & Johnson (NYSE:JNJ) to report earnings on January, 23. They expect $1.72 EPS, up 8.86% or $0.14 from last year’s $1.58 per share. JNJ’s profit will be $4.62 billion for 20.81 P/E if the $1.72 EPS becomes a reality. After $1.90 actual EPS reported by Johnson & Johnson for the previous quarter, Wall Street now forecasts -9.47% negative EPS growth.

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