Symphony Asset Management Lifted Philip Morris Intl (PM) Holding by $552,200; Johnson & Johnson (JNJ) Shareholder Point72 Asia Hong Kong LTD Lowered Its Holding by $419,510

January 21, 2018 - By Neil V. Hobbs

Steve Cohen decreased its stake in Johnson & Johnson (JNJ) by 72.19% based on its latest 2017Q3 regulatory filing with the SEC. Point72 Asia Hong Kong Ltd sold 3,227 shares as the company’s stock rose 6.85% with the market. The hedge fund run by Steve Cohen held 1,243 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $162,000, down from 4,470 at the end of the previous reported quarter. Point72 Asia Hong Kong Ltd who had been investing in Johnson & Johnson for a number of months, seems to be less bullish one the $395.89B market cap company. The stock increased 0.30% or $0.44 during the last trading session, reaching $147.36. About 8.74 million shares traded or 58.03% up from the average. Johnson & Johnson (NYSE:JNJ) has risen 12.54% since January 21, 2017 and is uptrending. It has underperformed by 4.16% the S&P500.

Symphony Asset Management Llc increased its stake in Philip Morris Intl Inc (PM) by 56.28% based on its latest 2017Q3 regulatory filing with the SEC. Symphony Asset Management Llc bought 5,020 shares as the company’s stock rose 10.69% with the market. The institutional investor held 13,939 shares of the farming and seeds and milling company at the end of 2017Q3, valued at $1.55M, up from 8,919 at the end of the previous reported quarter. Symphony Asset Management Llc who had been investing in Philip Morris Intl Inc for a number of months, seems to be bullish on the $169.18 billion market cap company. The stock increased 3.66% or $3.85 during the last trading session, reaching $108.92. About 5.82 million shares traded or 30.83% up from the average. Philip Morris International Inc. (NYSE:PM) has risen 16.65% since January 21, 2017 and is uptrending. It has underperformed by 0.05% the S&P500.

Investors sentiment is 0.83 in 2017 Q3. Its the same as in 2017Q2. It is without change, as 45 investors sold JNJ shares while 871 reduced holdings. only 111 funds opened positions while 645 raised stakes. 1.71 billion shares or 0.90% less from 1.73 billion shares in 2017Q2 were reported. Everett Harris And Ca holds 3.56% or 913,558 shares. Scotia Capital holds 710,899 shares. Cape Cod Five Cents Savings Bank holds 111,616 shares or 2.24% of its portfolio. Gfs Advsr Lc invested 2.11% in Johnson & Johnson (NYSE:JNJ). Gabelli Funds Ltd Co holds 0.34% or 460,300 shares in its portfolio. Green Valley Invsts Limited Liability Co has 788,602 shares for 5% of their portfolio. Cadinha Limited Liability Company has invested 3.64% in Johnson & Johnson (NYSE:JNJ). Pathstone Family Office Lc holds 0.44% of its portfolio in Johnson & Johnson (NYSE:JNJ) for 3,789 shares. 3,446 were reported by Biondo Advsr Ltd Liability Corp. Alphamark Advisors Ltd Liability accumulated 4,970 shares or 0.27% of the stock. 2,553 are held by First Wilshire Secs Inc. Foothills Asset Management Limited holds 1.35% or 13,774 shares in its portfolio. John G Ullman & Assoc Incorporated has invested 4.75% in Johnson & Johnson (NYSE:JNJ). Lvw Limited Liability Co invested 1.35% in Johnson & Johnson (NYSE:JNJ). Carl Domino Inc invested in 2,185 shares or 0.35% of the stock.

Point72 Asia Hong Kong Ltd, which manages about $141.01 million US Long portfolio, upped its stake in Alcoa Corp by 41,955 shares to 43,014 shares, valued at $2.01M in 2017Q3, according to the filing. It also increased its holding in China Lodging Group Ltd (NASDAQ:HTHT) by 79,964 shares in the quarter, for a total of 140,964 shares, and has risen its stake in Vantiv Inc (NYSE:VNTV).

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 21.42 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.

Among 23 analysts covering Johnson & Johnson (NYSE:JNJ), 12 have Buy rating, 5 Sell and 6 Hold. Therefore 52% are positive. Johnson & Johnson had 86 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, January 12 by Wells Fargo. Vetr downgraded it to “Strong-Buy” rating and $106.73 target in Monday, August 31 report. The firm has “Equal-Weight” rating given on Wednesday, October 18 by Morgan Stanley. The rating was maintained by BMO Capital Markets on Friday, June 2 with “Buy”. As per Thursday, August 4, the company rating was maintained by Jefferies. The stock of Johnson & Johnson (NYSE:JNJ) has “Market Perform” rating given on Thursday, January 26 by Wells Fargo. The company was maintained on Wednesday, October 19 by UBS. The firm earned “Buy” rating on Wednesday, October 18 by Leerink Swann. Jefferies maintained the shares of JNJ in report on Tuesday, August 15 with “Hold” rating. Jefferies maintained the shares of JNJ in report on Tuesday, September 13 with “Hold” rating.

Since August 30, 2017, it had 0 insider purchases, and 2 selling transactions for $13.44 million activity. CAMILLERI LOUIS C sold $11.81M worth of stock.

Symphony Asset Management Llc, which manages about $16.99 billion and $899.03M US Long portfolio, decreased its stake in Priceline Com Inc Com New (NASDAQ:PCLN) by 4,273 shares to 2,297 shares, valued at $4.21M in 2017Q3, according to the filing. It also reduced its holding in Abbott Labs (NYSE:ABT) by 11,867 shares in the quarter, leaving it with 89,339 shares, and cut its stake in Cigna Corp (NYSE:CI).

Among 19 analysts covering Philip Morris International (NYSE:PM), 13 have Buy rating, 0 Sell and 6 Hold. Therefore 68% are positive. Philip Morris International had 50 analyst reports since August 24, 2015 according to SRatingsIntel. The stock of Philip Morris International Inc. (NYSE:PM) has “Hold” rating given on Friday, August 11 by SBG Securities. Piper Jaffray maintained Philip Morris International Inc. (NYSE:PM) rating on Friday, August 18. Piper Jaffray has “Buy” rating and $134.0 target. The stock has “Buy” rating by Cowen & Co on Thursday, July 20. The company was initiated on Tuesday, September 13 by Citigroup. The stock has “Buy” rating by Wells Fargo on Wednesday, November 15. The stock of Philip Morris International Inc. (NYSE:PM) earned “Buy” rating by Piper Jaffray on Thursday, October 19. SBG Securities upgraded Philip Morris International Inc. (NYSE:PM) on Wednesday, July 20 to “Hold” rating. The stock has “Overweight” rating by JP Morgan on Friday, June 17. The stock of Philip Morris International Inc. (NYSE:PM) earned “Hold” rating by Jefferies on Tuesday, September 26. The rating was maintained by Piper Jaffray with “Buy” on Thursday, January 11.

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