Capital International Has Lowered Its Position in Johnson And Johnson (JNJ) by $442,000 as Shares Rose; As Petroleo Brasileiro Sa Petro (PBR) Share Value Declined, Discovery Capital Management Increased Position by $32.43 Million

January 16, 2018 - By Vivian Currie

Rob Citrone increased its stake in Petroleo Brasileiro Sa Petro (PBR) by 36.58% based on its latest 2017Q3 regulatory filing with the SEC. Discovery Capital Management Llc bought 3.24 million shares as the company’s stock declined 16.81% while stock markets rallied. The hedge fund run by Rob Citrone held 12.11 million shares of the oil & gas production company at the end of 2017Q3, valued at $121.59 million, up from 8.87 million at the end of the previous reported quarter. Discovery Capital Management Llc who had been investing in Petroleo Brasileiro Sa Petro for a number of months, seems to be bullish on the $76.30 billion market cap company. The stock increased 1.67% or $0.192 during the last trading session, reaching $11.662. About 17.39M shares traded or 15.54% up from the average. Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) has risen 39.56% since January 16, 2017 and is uptrending. It has outperformed by 22.86% the S&P500.

Capital International Inc decreased its stake in Johnson And Johnson (JNJ) by 13.55% based on its latest 2017Q3 regulatory filing with the SEC. Capital International Inc sold 3,400 shares as the company’s stock rose 6.85% with the market. The institutional investor held 21,700 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $2.82 million, down from 25,100 at the end of the previous reported quarter. Capital International Inc who had been investing in Johnson And Johnson for a number of months, seems to be less bullish one the $396.45 billion market cap company. The stock increased 1.24% or $1.81 during the last trading session, reaching $147.57. About 3.21 million shares traded. Johnson & Johnson (NYSE:JNJ) has risen 12.54% since January 16, 2017 and is uptrending. It has underperformed by 4.16% the S&P500.

Discovery Capital Management Llc, which manages about $37.50B and $4.19 billion US Long portfolio, decreased its stake in Quintiles Ims Holdings Inc (NYSE:Q) by 80,499 shares to 983,501 shares, valued at $93.50M in 2017Q3, according to the filing. It also reduced its holding in Xilinx Inc (NASDAQ:XLNX) by 920,089 shares in the quarter, leaving it with 2.44M shares, and cut its stake in Huntington Ingalls Inds Inc (NYSE:HII).

Among 14 analysts covering Petroleo Brasileiro Petrobras SA (NYSE:PBR), 3 have Buy rating, 4 Sell and 7 Hold. Therefore 21% are positive. Petroleo Brasileiro Petrobras SA had 37 analyst reports since August 7, 2015 according to SRatingsIntel. The company was maintained on Tuesday, June 27 by Credit Suisse. Societe Generale downgraded the stock to “Hold” rating in Wednesday, October 18 report. Barclays Capital maintained Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) rating on Wednesday, March 23. Barclays Capital has “Equal-Weight” rating and $6.50 target. Barclays Capital downgraded the shares of PBR in report on Monday, October 12 to “Equal-Weight” rating. The firm has “Buy” rating by Credit Suisse given on Wednesday, April 19. The stock of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) has “Neutral” rating given on Friday, August 26 by Credit Suisse. Morgan Stanley maintained Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) rating on Thursday, October 6. Morgan Stanley has “Overweight” rating and $13 target. The rating was upgraded by Macquarie Research to “Neutral” on Thursday, September 15. On Tuesday, January 12 the stock rating was initiated by Credit Suisse with “Underperform”. Credit Suisse maintained Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) rating on Friday, May 26. Credit Suisse has “Buy” rating and $12.4000 target.

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 21.45 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 85 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of Johnson & Johnson (NYSE:JNJ) earned “Overweight” rating by Barclays Capital on Wednesday, April 20. BTIG Research maintained Johnson & Johnson (NYSE:JNJ) on Wednesday, August 2 with “Sell” rating. As per Monday, October 23, the company rating was maintained by Citigroup. BMO Capital Markets maintained Johnson & Johnson (NYSE:JNJ) rating on Tuesday, July 18. BMO Capital Markets has “Buy” rating and $14500 target. The firm earned “Buy” rating on Thursday, October 5 by BMO Capital Markets. The stock of Johnson & Johnson (NYSE:JNJ) earned “Outperform” rating by RBC Capital Markets on Wednesday, January 25. The rating was upgraded by Deutsche Bank on Tuesday, September 29 to “Buy”. As per Wednesday, April 20, the company rating was maintained by Goldman Sachs. Jefferies maintained the shares of JNJ in report on Wednesday, October 18 with “Buy” rating. The rating was maintained by Jefferies with “Hold” on Friday, June 16.

Capital International Inc, which manages about $18.21 billion and $683.96M US Long portfolio, upped its stake in Netease Inc Adr (NASDAQ:NTES) by 18,000 shares to 19,782 shares, valued at $5.22M in 2017Q3, according to the filing. It also increased its holding in Bank Of New York Mellon Corp (NYSE:BK) by 28,391 shares in the quarter, for a total of 50,491 shares, and has risen its stake in Accenture Plc Cl A (NYSE:ACN).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.