Johnston Asset Management Has Cut Johnson & Johnson (JNJ) Position By $369,280; Pomelo Capital Increased Its Weatherford Intl Plc (WFT) Position

June 17, 2018 - By Dolores Ford

Weatherford International plc (NYSE:WFT) Logo

Johnston Asset Management Corp decreased Johnson & Johnson (JNJ) stake by 1.48% reported in 2018Q1 SEC filing. Johnston Asset Management Corp sold 2,885 shares as Johnson & Johnson (JNJ)’s stock declined 8.03%. The Johnston Asset Management Corp holds 192,489 shares with $24.67M value, down from 195,374 last quarter. Johnson & Johnson now has $328.86B valuation. The stock increased 0.16% or $0.2 during the last trading session, reaching $122.61. About 13.17 million shares traded or 99.03% up from the average. Johnson & Johnson (NYSE:JNJ) has declined 4.75% since June 17, 2017 and is downtrending. It has underperformed by 17.32% the S&P500. Some Historical JNJ News: ; 19/05/2018 – J.J. Watt Offers to Pay for Funerals of Santa Fe School Shooting Victims; 17/04/2018 – J&J – EXPECTS ACTIONS TO GENERATE APPROXIMATELY $0.6 TO $0.8 BLN IN ANNUAL PRE-TAX COST SAVINGS THAT WILL BE SUBSTANTIALLY DELIVERED BY 2022; 27/03/2018 – FDA: Johnson & Johnson Consumer, Inc.- Johnson & Johnson BAND-AID® Brand First Aid Products SECURE-FLEX® Wrap (size: 2in); 16/04/2018 – JANSSEN – UNDER AGREEMENT, CO, BRISTOL-MYERS SQUIBB TO ADVANCE BMS-986177 INTO PHASE 2 CLINICAL TRIALS; 04/04/2018 – J&J Jury Set to Weigh Banker’s Claims Baby Powder Caused Cancer; 12/04/2018 – Janssen: INVOKANA Improved Renal Outcomes in People With Type 2 Diabetes Mellitus; 08/05/2018 – GenomeDx Biosciences Announces Research Collaboration with Janssen Pharmaceuticals to Evaluate the Decipher® Classifier and Decipher GRID® for Drug Development; 20/03/2018 – J&J – DOMINIC J. CARUSO TO RETIRE AS CHIEF FINANCIAL OFFICER; 17/04/2018 – REG-Genmab Announces Net Sales of DARZALEX® (daratumumab) for First Quarter of 2018; 21/05/2018 – J J EXPORTERS LTD JJEX.BO SAYS CO TO CONSIDER WINDING UP OF CO

Pomelo Capital Llc increased Weatherford Intl Plc (WFT) stake by 6450% reported in 2018Q1 SEC filing. Pomelo Capital Llc acquired 645,000 shares as Weatherford Intl Plc (WFT)’s stock rose 13.47%. The Pomelo Capital Llc holds 655,000 shares with $1.50M value, up from 10,000 last quarter. Weatherford Intl Plc now has $3.40B valuation. The stock decreased 2.57% or $0.09 during the last trading session, reaching $3.41. About 26.42M shares traded or 27.89% up from the average. Weatherford International plc (NYSE:WFT) has declined 33.79% since June 17, 2017 and is downtrending. It has underperformed by 46.36% the S&P500. Some Historical WFT News: ; 02/04/2018 – Weatherford International Ltd. CDS Widens 141 Bps, Most in 22; 12/03/2018 – Weatherford: Angela A. Minas Appointed to Board of Directors; 08/05/2018 – Fitch Affirms and Withdraws Weatherford’s Ratings; 06/03/2018 Multi-State Surplus Real Estate Auction Set for April; 15/05/2018 – Perella Weinberg Partners Cap Buys 2.1% Position in Weatherford; 12/03/2018 – Weatherford Names New Director; 24/04/2018 – Weatherford 1Q EBITDA $86M; 24/04/2018 – Weatherford 1Q Loss/Shr 25c; 24/04/2018 – Weatherford 1Q Adj Loss/Shr 19c; 24/04/2018 – WEATHERFORD SAYS IN ADVANCED NEGOTIATIONS ON RIGS SALE

Among 23 analysts covering Johnson & Johnson (NYSE:JNJ), 11 have Buy rating, 5 Sell and 7 Hold. Therefore 48% are positive. Johnson & Johnson had 102 analyst reports since August 7, 2015 according to SRatingsIntel. Piper Jaffray maintained it with “Hold” rating and $12000 target in Tuesday, July 18 report. The stock of Johnson & Johnson (NYSE:JNJ) earned “Buy” rating by Argus Research on Wednesday, April 20. UBS maintained the stock with “Buy” rating in Wednesday, October 19 report. The rating was maintained by Jefferies on Monday, February 26 with “Buy”. The stock has “Hold” rating by Jefferies on Thursday, August 4. The company was initiated on Wednesday, April 6 by Societe Generale. Cowen & Co maintained it with “Outperform” rating and $114 target in Tuesday, August 25 report. The rating was maintained by UBS on Thursday, August 31 with “Buy”. Jefferies maintained it with “Buy” rating and $170.0 target in Tuesday, January 16 report. As per Friday, June 2, the company rating was maintained by BMO Capital Markets.

Since February 15, 2018, it had 0 insider purchases, and 1 insider sale for $20.17 million activity. Another trade for 155,342 shares valued at $20.17 million was sold by Stoffels Paulus.

Analysts await Johnson & Johnson (NYSE:JNJ) to report earnings on July, 17. They expect $2.06 EPS, up 12.57% or $0.23 from last year’s $1.83 per share. JNJ’s profit will be $5.53 billion for 14.88 P/E if the $2.06 EPS becomes a reality. After $2.06 actual EPS reported by Johnson & Johnson for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

More notable recent Johnson & Johnson (NYSE:JNJ) news were published by: Seekingalpha.com which released: “Recent Purchase: Johnson & Johnson” on June 14, 2018, also Seekingalpha.com with their article: “How Do You Feel About Johnson & Johnson?: Part IV – Today’s Editors’ Picks” published on June 01, 2018, Fool.com published: “Better Buy: Pfizer Inc. vs. Johnson & Johnson” on June 17, 2018. More interesting news about Johnson & Johnson (NYSE:JNJ) were released by: Seekingalpha.com and their article: “Johnson & Johnson (JNJ) Presents at Goldman Sachs 39th Annual Global Healthcare Conference Call (Transcript)” published on June 12, 2018 as well as Fool.com‘s news article titled: “Better Buy: Verizon Communications Inc. vs. Johnson & Johnson” with publication date: June 11, 2018.

Investors sentiment increased to 0.93 in 2018 Q1. Its up 0.06, from 0.87 in 2017Q4. It improved, as 63 investors sold JNJ shares while 831 reduced holdings. 111 funds opened positions while 720 raised stakes. 1.71 billion shares or 0.80% less from 1.72 billion shares in 2017Q4 were reported. Carroll Associates invested 0.97% in Johnson & Johnson (NYSE:JNJ). Peavine Capital Limited Liability Company holds 0.15% or 2,340 shares. Becker Capital Management Incorporated invested 1.87% of its portfolio in Johnson & Johnson (NYSE:JNJ). Pathstone Family Office Limited Liability Corporation owns 3,841 shares for 0.27% of their portfolio. Boys Arnold And Communication Inc reported 83,724 shares stake. Braun Stacey Assocs invested 1.12% in Johnson & Johnson (NYSE:JNJ). Lenox Wealth Mgmt invested in 0.05% or 1,197 shares. Cape Cod Five Cents Comml Bank holds 100,721 shares or 2.02% of its portfolio. Kistler owns 2.15% invested in Johnson & Johnson (NYSE:JNJ) for 40,674 shares. Martin Invest Mgmt Lc holds 2.76% or 84,904 shares. 18,429 were accumulated by Shoker Invest Counsel. Addenda Capital has 53,808 shares for 0.52% of their portfolio. Beaumont Ptnrs Ltd Liability Com reported 153,376 shares or 2.19% of all its holdings. Hancock Holding Company accumulated 108,471 shares. Intersect Capital Ltd Com owns 2.38% invested in Johnson & Johnson (NYSE:JNJ) for 35,102 shares.

Pomelo Capital Llc decreased Prospect Capital Corporation (Put) (NASDAQ:PSEC) stake by 2.22M shares to 2.11 million valued at $13.88M in 2018Q1. It also reduced Canadian Solar Inc (Call) (NASDAQ:CSIQ) stake by 1.74M shares and now owns 13,700 shares. Rh (Call) was reduced too.

More news for Weatherford International plc (NYSE:WFT) were recently published by: Seekingalpha.com, which released: “Bloomberg: Weatherford weighing sale of its laboratories unit” on June 11, 2018. 247Wallst.com‘s article titled: “The 6 Most Shorted NYSE Stocks” and published on June 12, 2018 is yet another important article.

Johnson & Johnson (NYSE:JNJ) Institutional Positions Chart

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