Wells Fargo Upgrades Rating On Johnson & Johnson (JNJ) To "Outperform"

Mae Love
October 9, 2017

Paradigm Financial Advisors LLC now owns 2,649 shares of the company's stock worth $350,000 after buying an additional 9 shares during the last quarter. The Condor Capital Management holds 128,072 shares with $16.94 million value, up from 120,603 last quarter.

Johnson & Johnson has 52 week low of $109.32 and a 52 week high of $137.08 with a PE ratio of 22.58 and has a market capitalization of $0. Lenox Wealth Advisors Inc. increased its stake in shares of Johnson & Johnson by 0.6% during the second quarter. About 2.47 million shares traded.

Vetr cut shares of Johnson & Johnson (NYSE:JNJ) from a buy rating to a hold rating in a research note published on Monday morning. It has underperformed by 4.16% the S&P500.

Hendley & Co Inc increased its stake in Hormel Foods Corporation (HRL) by 136.52% based on its latest 2017Q2 regulatory filing with the SEC. Mitsubishi UFJ Securities Holdings Co. The institutional investor held 69,525 shares of the meat and poultry and fish company at the end of 2017Q2, valued at $2.37 million, up from 29,395 at the end of the previous reported quarter.

Unifi, Inc.is a manufacturing company. Ajo Lp sold 112,494 shares as Visteon (VC)'s stock rose 9.26%. The stock had a trading volume of 1,605,380 shares. Honeywell International Inc. (NYSE:HON) has risen 17.66% since October 9, 2016 and is uptrending. It has underperformed by 18.23% the S&P500. Somerset Group Llc owns 75,284 shares or 14.51% of their United States portfolio. Busey Trust Company holds 2,566 shares. Its down 0.23, from 1.2 in 2017Q1. 105 funds opened positions while 667 raised stakes. Hanson Mcclain Inc reported 0.15% in Johnson & Johnson (NYSE:JNJ). 11,954 were reported by Invest Services Of America. (NYSE:UFI). Rhumbline Advisers invested in 0% or 30,539 shares. Messner Smith Theme Value Invest Management Limited Ca reported 0.62% of its portfolio in Johnson & Johnson (NYSE:JNJ). Carlton Hofferkamp & Jenks Wealth Mngmt Ltd Liability Corp reported 18,987 shares or 1.7% of all its holdings.

Several other analysts have also issued reports on JNJ. Pecaut And stated it has 3.35% in Johnson & Johnson (NYSE:JNJ).

Johnson & Johnson, launched on November 10, 1887, is a holding company. Cahill Financial accumulated 0.47% or 6,381 shares. Sectoral Asset Management invested in 5.12% or 354,048 shares. (NYSE:HON). Invsts Asset Of Georgia Ga Adv holds 2,087 shares or 0.19% of its portfolio. Provise Mgmt Gru Ltd Co accumulated 72,467 shares. The New York-based Prelude Capital Management Llc has invested 0.01% in Johnson & Johnson (NYSE:JNJ). Wells Fargo Co New now has $275.90B valuation. Five analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. Therefore 56% are positive. Johnson & Johnson had 70 analyst reports since August 7, 2015 according to SRatingsIntel. Wells Fargo initiated the stock with "Market Perform" rating in Thursday, September 17 report. The firm earned "Neutral" rating on Monday, October 5 by Piper Jaffray. On July 21 the company was changed to "Underweight" according to a Atlantic Equities report down from the previous "Neutral" rating. Johnson & Johnson presently has an average rating of Hold and an average target price of $134.79. The firm earned "Buy" rating on Wednesday, August 9 by H.C. Wainwright. BTIG Research reaffirmed a hold rating on shares of Johnson & Johnson in a report on Wednesday, April 19th. Robert W. Baird initiated the stock with "Outperform" rating in Friday, September 4 report. The rating was maintained by BMO Capital Markets with "Buy" on Tuesday, July 18. Additionally the company announced a dividend which was paid on Tuesday the 13th of June 2017.

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Johnson & Johnson (NYSE:JNJ) last issued its quarterly earnings results on Tuesday, July 18th.

Investors sentiment increased to 1.31 in Q2 2017. Its down 0.08, from 1.04 in 2017Q1.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. They expect $1.79 earnings per share, up 6.55% or $0.11 from last year's $1.68 per share. Ironwood Ltd Limited Liability Company owns 263 shares. Fayerweather Charles holds 29,065 shares or 5.18% of its portfolio. 222,991 are owned by Sei. Counselors Of Maryland Ltd Com invested in 0.07% or 10,855 shares. Cibc Mkts reported 813,194 shares or 1.14% of all its holdings. About 534,783 shares traded. Tru Of Toledo Na Oh, Ohio-based fund reported 34,407 shares. Ameriprise Fincl Inc invested in 0% or 123,548 shares. Wallington Asset Lc has 85,300 shares for 3.14% of their portfolio. Jane Street Grp Inc owns 8,441 shares for 0% of their portfolio. Baldwin Brothers Inc Ma has invested 0.84% in Johnson & Johnson (NYSE:JNJ).

Since May 8, 2017, it had 1 buy, and 0 insider sales for $701,500 activity. 3,000 shares valued at $102,518 were sold by PIPPINS DAKOTA A on Tuesday, April 11. (NYSE:UFI) for 48,051 shares. Marconi Luis G also sold $45,258 worth of Hormel Foods Corp (NYSE:HRL) shares.

Among 11 analysts covering Brown-Forman (NYSE:BF.B), 0 have Buy rating, 2 Sell and 9 Hold. Therefore 36% are positive. The company was downgraded on Friday, August 25 by Credit Suisse. The firm has "Hold" rating by Jefferies given on Tuesday, June 14. The firm has "Neutral" rating by Ladenburg Thalmann given on Wednesday, January 13. The rating was maintained by BMO Capital Markets on Friday, June 2 with "Buy". BMO Capital Markets has "Buy" rating and $145.0 target.

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