Financial Update of Johnson & Johnson (NYSE:JNJ)

Johnson & Johnson’s 3Q17 Estimates Pharmaceuticals Segment

Union Bankshares Corp bought 8,523 shares as the company's stock declined 7.66% while stock markets rallied. The institutional investor held 106,056 shares of the major pharmaceuticals company at the end of 2017Q2, valued at $14.03M, down from 112,397 at the end of the previous reported quarter. Union Bankshares Corp who had been investing in Verizon Communications Inc for a number of months, seems to be bullish on the $195.65B market cap company. The stock declined 0.11% or $0.02 reaching $23.05 on the news. About 2.97 million shares traded. It is down 54.12% since October 12, 2016 and is downtrending. It has underperformed by 5.81% the S&P500. On the opposite side of that transaction from Geode Capital Management, Llc stood Vanguard Group Inc which added 333 shares to its existing stake, bringing total stake held in JNJ to 18790 shares.

In other news, VP Paulus Stoffels sold 102,692 shares of the company's stock in a transaction that occurred on Monday, July 24th. Landmark Financial Advisors LLC now owns 1,962 shares of the company's stock valued at $259,000 after purchasing an additional 7 shares in the last quarter. The company has market cap of $369.10 billion. It has underperformed by 4.16% the S&P500.

Investors sentiment decreased to 0.83 in 2017 Q2. Its up 0.15, from 0.93 in 2017Q1. Moon Capital Management Llc acquired 181 shares as Johnson & Johnson (JNJ)'s stock rose 6.85%. 105 funds opened positions while 667 raised stakes. Axel Cap Mngmt Limited Com invested in 7,400 shares or 0.48% of the stock. Morgan Stanley, a New York-based fund reported 19,443 shares. Kelly Lawrence W And Associate Incorporated Ca stated it has 3.46% in Johnson & Johnson (NYSE:JNJ). Leisure Cap Management holds 17,967 shares. California-based Mirador Ptnrs L P has invested 0.49% in Johnson & Johnson (NYSE:JNJ). Mark Sheptoff Finance Planning Ltd Liability Corp invested 5.2% of its portfolio in Johnson & Johnson (NYSE:JNJ). Automobile Association reported 1,155 shares or 0% of all its holdings. After $0.90 actual earnings per share reported by Teradyne, Inc. for the previous quarter, Wall Street now forecasts -52.22% negative EPS growth. Van Strum & Towne Incorporated reported 3.99% stake.

Shares of Johnson & Johnson (NYSE:JNJ) traded up 0.14% during mid-day trading on Thursday, reaching $136.84. Toronto Dominion National Bank & Trust reported 0.64% in Johnson & Johnson (NYSE:JNJ). Lodestar Invest Counsel Limited Il has 216,944 shares. First Wilshire Management has invested 0.4% in Mitcham Industries, Inc. Janney Montgomery Scott Ltd has invested 1.28% in Johnson & Johnson (NYSE:JNJ). Louisiana State Employees Retirement Sys accumulated 167,100 shares. They expect $1.79 earnings per share, up 6.55% or $0.11 from last year's $1.68 per share. TER's profit will be $85.62 million for 22.45 P/E if the $0.43 EPS becomes a reality.

The company has mean EPS estimate of 1.96 reported by 11 number of analyst for the quarter ending Current Qtr.(Sep2017). Goldman Sachs downgraded Johnson & Johnson (NYSE:JNJ) on Wednesday, September 20 to "Sell" rating. Therefore 52% are positive.

Johnson & Johnson (JNJ) reported sales (ttm) of 72.53 Billion, whereas, 17 number of analysts estimated the mean sale of 19928.1 million. The firm has "Hold" rating given on Friday, June 16 by Jefferies. Wells Fargo & Company reaffirmed a "market perform" rating and issued a $135.00 target price (up from $132.00) on shares of Johnson & Johnson in a research report on Thursday, July 6th. The rating was maintained by RBC Capital Markets on Wednesday, July 20 with "Outperform". Arete Wealth Advsr Ltd has 0.46% invested in Johnson & Johnson (NYSE:JNJ) for 7,538 shares. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company. The stock has "Buy" rating by Jefferies on Wednesday, October 11. The stock of Johnson & Johnson (NYSE:JNJ) has "Buy" rating given on Friday, October 6 by Cowen & Co. The firm earned "Buy" rating on Tuesday, July 18 by BMO Capital Markets. Atlantic Securities initiated the stock with "Neutral" rating in Friday, December 18 report. Mitcham Industries, Inc. (NASDAQ:MIND) has risen 10.89% since October 12, 2016 and is uptrending. MIND's SI was 26,500 shares in October as released by FINRA. More interesting news about General Electric Company (NYSE:GE) were released by: Investorplace.com and their article: "Is Now the Time to Buy General Electric Company (GE) Stock?" published on October 12, 2017 as well as Seekingalpha.com's news article titled: "General Electric: The Sharks Have Begun To Circle" with publication date: October 06, 2017.

First Heartland Consultants Inc decreased Ishares (IWM) stake by 48,080 shares to 4,813 valued at $678,000 in 2017Q2. It also reduced its holding in Davita Inc (NYSE:DVA) by 6,480 shares in the quarter, leaving it with 25,334 shares, and cut its stake in Apache Corp (NYSE:APA).

Investors sentiment decreased to 1.14 in 2017 Q2. Its down 0.03, from 0.82 in 2017Q1. It dropped, as 14 investors sold UHAL shares while 74 reduced holdings. 111 funds opened positions while 598 raised stakes. The shares were sold at an average price of $133.14, for a total transaction of $13,672,412.88. Brookfield Asset Mngmt owns 57,725 shares for 0.01% of their portfolio. Bonness Enterprises Incorporated holds 4.15% or 41,038 shares. John G Ullman And Associates has invested 0.91% in General Electric Company (NYSE:GE). Following the transaction, the vice president now owns 230,342 shares of the company's stock, valued at $30,667,733.88. 4,610 are owned by Glovista Invs Limited Liability Company. Epoch Inv holds 0.06% of its portfolio in AMERCO (NASDAQ:UHAL) for 46,473 shares. It increased, as 2 investors sold Mitcham Industries, Inc. shares while 11 reduced holdings. Deltec Asset Mgmt Limited Com holds 0.09% or 3,425 shares in its portfolio.

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