Check Capital Management Lowered Holding in Johnson & Johnson (JNJ) as Valuation Rose; P Schoenfeld Asset Management LP Trimmed Its Stake in Vodafone Group Plc New (Call) (VOD) by $921,200

January 19, 2018 - By reb123z

P Schoenfeld Asset Management Lp decreased its stake in Vodafone Group Plc New (Call) (VOD) by 3.3% based on its latest 2017Q3 regulatory filing with the SEC. P Schoenfeld Asset Management Lp sold 32,900 shares as the company’s stock rose 16.21% with the market. The hedge fund held 964,000 shares of the telecommunications equipment company at the end of 2017Q3, valued at $27.44 million, down from 996,900 at the end of the previous reported quarter. P Schoenfeld Asset Management Lp who had been investing in Vodafone Group Plc New (Call) for a number of months, seems to be less bullish one the $77.25 billion market cap company. The stock increased 0.02% or $0.005 during the last trading session, reaching $31.585. About 2.02M shares traded. Vodafone Group Plc (NASDAQ:VOD) has declined 13.23% since January 19, 2017 and is downtrending. It has underperformed by 29.93% the S&P500.

Check Capital Management Inc decreased its stake in Johnson & Johnson (JNJ) by 45.66% based on its latest 2017Q3 regulatory filing with the SEC. Check Capital Management Inc sold 3,885 shares as the company’s stock rose 6.85% with the market. The hedge fund held 4,624 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $601,000, down from 8,509 at the end of the previous reported quarter. Check Capital Management Inc who had been investing in Johnson & Johnson for a number of months, seems to be less bullish one the $394.25 billion market cap company. The stock decreased 0.12% or $0.17 during the last trading session, reaching $146.75. About 3.52 million shares traded. Johnson & Johnson (NYSE:JNJ) has risen 12.54% since January 19, 2017 and is uptrending. It has underperformed by 4.16% the S&P500.

Check Capital Management Inc, which manages about $796.94M and $1.67 billion US Long portfolio, upped its stake in Berkshire Hathaway (BRKA) by 2 shares to 148 shares, valued at $40.66M in 2017Q3, according to the filing. It also increased its holding in Spectrum Brands (NYSE:SPB) by 102,536 shares in the quarter, for a total of 379,936 shares, and has risen its stake in Express Scripts (NASDAQ:ESRX).

Analysts await Johnson & Johnson (NYSE:JNJ) to report earnings on January, 23. They expect $1.72 earnings per share, up 8.86% or $0.14 from last year’s $1.58 per share. JNJ’s profit will be $4.62 billion for 21.33 P/E if the $1.72 EPS becomes a reality. After $1.90 actual earnings per share 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. RBC Capital Markets maintained Johnson & Johnson (NYSE:JNJ) rating on Wednesday, October 7. RBC Capital Markets has “Outperform” rating and $114 target. The firm has “Buy” rating by Wells Fargo given on Friday, January 12. On Monday, September 25 the stock rating was initiated by Citigroup with “Hold”. The stock has “Hold” rating by Jefferies on Thursday, July 14. Piper Jaffray maintained it with “Hold” rating and $120.0 target in Monday, October 2 report. UBS maintained Johnson & Johnson (NYSE:JNJ) rating on Thursday, August 31. UBS has “Buy” rating and $148.0 target. As per Thursday, October 19, the company rating was maintained by Credit Suisse. On Wednesday, October 14 the stock rating was maintained by S&P Research with “Buy”. Atlantic Securities initiated the shares of JNJ in report on Friday, December 18 with “Neutral” rating. The rating was downgraded by Vetr on Monday, August 31 to “Strong-Buy”.

Investors sentiment is 0.83 in 2017 Q3. Its the same as in 2017Q2. It is the same, 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. First Republic Invest reported 0.87% stake. Toth Advisory Corporation reported 53,350 shares. Klingenstein Fields & Co holds 4.53% of its portfolio in Johnson & Johnson (NYSE:JNJ) for 904,867 shares. Aperio Group Inc Limited Liability Company reported 2.12 million shares. Greenwich Wealth Limited Liability Corporation holds 4,052 shares or 0.09% of its portfolio. Tealwood Asset Mgmt has 35,667 shares for 1.67% of their portfolio. Wedgewood Investors Pa owns 11,977 shares. Hendershot Invests Inc holds 2.12% of its portfolio in Johnson & Johnson (NYSE:JNJ) for 38,300 shares. Visionary Asset reported 0.89% stake. Monetary Group has 19,550 shares for 1.07% of their portfolio. Delta Asset Mngmt Ltd Liability Co Tn accumulated 27,655 shares or 0.54% of the stock. Orrstown Serv owns 1.53% invested in Johnson & Johnson (NYSE:JNJ) for 10,528 shares. Norman Fields Gottscho Cap Limited Liability Com holds 6,511 shares. Colony Group Ltd holds 28,937 shares or 0.26% of its portfolio. Investment Oh Adv has invested 1.74% in Johnson & Johnson (NYSE:JNJ).

P Schoenfeld Asset Management Lp, which manages about $3.34 billion and $1.62B US Long portfolio, upped its stake in Dell Technologies Inc by 57,400 shares to 462,975 shares, valued at $35.75 million in 2017Q3, according to the filing. It also increased its holding in Trinity Inds Inc (Call) (NYSE:TRN) by 450,000 shares in the quarter, for a total of 550,000 shares, and has risen its stake in Brocade Communications Sys I (NASDAQ:BRCD).

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