Johnson & Johnson Q4 Results Top Estimates; Sees FY18 Profit Above View

Wednesday, 24 Jan, 2018

Provise Management Group Llc decreased Johnson & Johnson (JNJ) stake by 6.05% reported in 2017Q3 SEC filing. Andra Ap-Fonden bought 8,900 shares as the company's stock rose 15.50% with the market.

The company reported a quarterly loss due to charge, but beat analysts' profit estimates excluding that and other items, helped by growth in new cancer drugs and profitable treatments that J&J gained with its $30-billion purchase of Actelion a year ago.

During the quarter, the company incurred a one-time charge associated with the tax legislation of $13.6 billion.

The stock decreased 0.14% or $0.05 during the last trading session, reaching $36.75. Finally, Bollard Group LLC raised its position in shares of Johnson & Johnson by 9.0% during the third quarter.

Johnson & Johnson (JNJ) will report its next earnings on Jan 23 BMO. It has underperformed by 4.16% the S&P500.The move comes after 8 months negative chart setup for the $382.83 billion company. Glenmede Na holds 5.14% of its portfolio in Johnson & Johnson (NYSE:JNJ) for 9.02M shares. Therefore 68% are positive.

In the Tuesday pre-market, JNJ is trading at $149.88, up $1.75 or 1.18%. The firm has "Buy" rating given on Wednesday, April 20 by Argus Research. Moreover, Cortland Mo has 0.08% invested in Johnson & Johnson (NYSE:JNJ) for 3,414 shares. Piper Jaffray has "Hold" rating and $12000 target. They issued a "neutral" rating and a $140.00 target price for the company. As per Sunday, August 27, the company rating was maintained by RBC Capital Markets. Leerink Swann has "Buy" rating and $165.0 target.

J&J will immediately bring back about $12 billion and use it to fund US operations, Chief Financial Officer Dominic Caruso said on the call.

Investors sentiment increased to 0.99 in Q3 2017. Its the same as in 2017Q2. It dived, as 62 investors sold COP shares while 536 reduced holdings. Miracle Mile Advisors Ltd Com invested in 0.09% or 3,966 shares. Biondo Inv Ltd Liability has 0.12% invested in Johnson & Johnson (NYSE:JNJ) for 3,446 shares. Stratford Consulting Ltd Liability Corp holds 2,704 shares. The FCF Growth of Johnson & Johnson (NYSE:JNJ) is 0.249195. Employees Retirement System Of Texas, a Texas-based fund reported 543,100 shares.

The Leverage Ratio of Johnson & Johnson (NYSE:JNJ) is 0.239005. Dynamic Advisors Solutions LLC grew its holdings in shares of Johnson & Johnson by 5.0% in the second quarter. Greylin Investment Mangement accumulated 1.42% or 123,970 shares.

Tradition Capital Management Llc, which manages about $456.39 million and $308.60M US Long portfolio, upped its stake in Vanguard Scottsdale Fds (VCSH) by 4,392 shares to 13,038 shares, valued at $1.05 million in 2017Q3, according to the filing. Maple reported 96,711 shares stake. For the most recent quarter, quick ratio was 1, current ratio was 1.3, LT Debt/Equity ratio was 0.36 and Total Debt/Equity ratio stands at 0.48, while Payout ratio is 0.559. Shares for $1.06 million were sold by JAFFE JONATHAN M. 15,000 shares were sold by GROSS BRUCE E, worth $847,200 on Thursday, October 5. The firm presently has a $147.40 price objective on the stock. Its down 0.89, from 2.33 in 2017Q2. 91 funds opened positions while 283 raised stakes. Garrison Bradford & Associate holds 0.4% or 3,700 shares in its portfolio. (NASDAQ:UBSI) for 32,511 shares.

Investors sentiment decreased to 0.92 in Q3 2017. Cibc Asset Mngmt owns 2,516 shares for 0% of their portfolio. Quantbot LP has invested 0.17% in ConocoPhillips (NYSE:COP). Tokio Marine Asset stated it has 0.07% of its portfolio in CF Industries Holdings, Inc. The Ontario - Canada-based Turtle Creek Asset Management Inc. has invested 5.86% in the stock. Jennison Assoc Limited Liability Corp reported 21,656 shares.

On a call with analysts, Chief Financial Officer Dominic Caruso said the numbers included the benefit of acquisitions and divestitures. (NASDAQ:MU), 35 have Buy rating, 0 Sell and 7 Hold. Therefore 89% are positive. United Bankshares Inc. had 11 analyst reports since August 4, 2015 according to SRatingsIntel. Jefferies maintained it with "Hold" rating and $90.0 target in Wednesday, August 16 report. BidaskClub cut shares of Johnson & Johnson from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 1st. As per Friday, July 21, the company rating was downgraded by Atlantic Securities. The firm earned "Hold" rating on Friday, October 27 by Boenning & Scattergood.

The stock of Dell Technologies Inc. The firm earned "Hold" rating on Tuesday, July 18 by Stifel Nicolaus. The company was maintained on Monday, January 8 by Jefferies.