Baker Avenue Asset Management LP Has Trimmed Its Johnson & Johnson Com (JNJ) Holding; Whitestone REIT (WSR) Sentiment Is 2.41

September 17, 2017 - By wolcottdaily

Baker Avenue Asset Management Lp decreased Johnson & Johnson Com (JNJ) stake by 6.55% reported in 2016Q4 SEC filing. Baker Avenue Asset Management Lp sold 2,760 shares as Johnson & Johnson Com (JNJ)’s stock rose 6.85%. The Baker Avenue Asset Management Lp holds 39,377 shares with $4.54 million value, down from 42,137 last quarter. Johnson & Johnson Com now has $360.86B valuation. The stock increased 0.20% or $0.27 on September 15, reaching $134.45. About 15.52 million shares traded or 199.04% up from the average. Johnson & Johnson (NYSE:JNJ) has risen 12.54% since September 17, 2016 and is uptrending. It has underperformed by 4.16% the S&P500.

Whitestone REIT is a real estate investment trust. The company has market cap of $505.81 million. The Firm is engaged in owning and operating commercial properties in culturally diverse markets in various metropolitan areas. It has a 96.35 P/E ratio. The Company’s acquisition targets are located in densely populated, culturally diverse neighborhoods, primarily in and around Austin, Chicago, Dallas-Fort Worth, Houston, Phoenix and San Antonio.

Investors sentiment decreased to 0.83 in Q4 2016. Its down 0.03, from 0.86 in 2016Q3. It is negative, as 63 investors sold JNJ shares while 834 reduced holdings. 114 funds opened positions while 731 raised stakes. 1.72 billion shares or 0.88% more from 1.71 billion shares in 2016Q3 were reported. Capital Guardian Trust accumulated 260,514 shares. Colonial Trust Advsrs invested in 3.94% or 105,993 shares. Atlantic Grp Inc Ltd Liability Corp holds 1.29% or 1.70M shares. 221,633 are held by Riverhead Capital Mgmt Lc. Moreover, Petrus Lta has 3.52% invested in Johnson & Johnson (NYSE:JNJ) for 124,361 shares. Federated Incorporated Pa reported 2.38M shares. The Texas-based Kanaly Tru has invested 0.35% in Johnson & Johnson (NYSE:JNJ). First Financial Corp In holds 9,050 shares. Fairview Investment Mngmt Limited Liability Company owns 2.46% invested in Johnson & Johnson (NYSE:JNJ) for 287,699 shares. Azimuth Capital Ltd Liability Corp holds 2.18% of its portfolio in Johnson & Johnson (NYSE:JNJ) for 221,450 shares. Nomura Holdg stated it has 260,775 shares. Bragg Financial has invested 1.32% in Johnson & Johnson (NYSE:JNJ). Paradigm New York stated it has 73,900 shares. Chesapeake Asset Mngmt Ltd Liability Corp, New York-based fund reported 2,439 shares. Blackhill Inc reported 209,300 shares or 4.57% of all its holdings.

Analysts await Johnson & Johnson (NYSE:JNJ) to report earnings on October, 17 before the open. They expect $1.79 earnings per share, up 6.55% or $0.11 from last year’s $1.68 per share. JNJ’s profit will be $4.80 billion for 18.78 P/E if the $1.79 EPS becomes a reality. After $1.83 actual earnings per share reported by Johnson & Johnson for the previous quarter, Wall Street now forecasts -2.19% negative EPS growth.

Among 22 analysts covering Johnson & Johnson (NYSE:JNJ), 10 have Buy rating, 4 Sell and 8 Hold. Therefore 45% are positive. Johnson & Johnson had 64 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Wednesday, July 20 with “Outperform”. The firm earned “Hold” rating on Tuesday, July 18 by Stifel Nicolaus. The rating was maintained by BMO Capital Markets on Tuesday, July 18 with “Buy”. The stock of Johnson & Johnson (NYSE:JNJ) earned “Buy” rating by RBC Capital Markets on Sunday, August 27. Atlantic Securities downgraded the shares of JNJ in report on Friday, July 21 to “Sell” rating. Piper Jaffray reinitiated the shares of JNJ in report on Monday, October 5 with “Neutral” rating. Cowen & Co maintained the stock with “Buy” rating in Tuesday, June 13 report. UBS maintained Johnson & Johnson (NYSE:JNJ) on Wednesday, July 19 with “Buy” rating. UBS maintained it with “Buy” rating and $144.0 target in Wednesday, October 19 report. The stock of Johnson & Johnson (NYSE:JNJ) has “Buy” rating given on Monday, July 10 by RBC Capital Markets.

Baker Avenue Asset Management Lp increased Ishares Msci Eafe Value Etf (EFV) stake by 77,332 shares to 246,278 valued at $11.64 million in 2016Q4. It also upped Ishares Russell 2000 Value Etf (IWN) stake by 23,961 shares and now owns 87,783 shares. Ishares Russell 3000 Etf (IWV) was raised too.

Silver Capital Management Llc holds 2.87% of its portfolio in Whitestone REIT for 43,560 shares. Orinda Asset Management Llc owns 219,848 shares or 2.83% of their US portfolio. Moreover, Hancock Holding Co has 0.29% invested in the company for 539,750 shares. The Illinois-based Westwood Management Corp Il has invested 0.29% in the stock. Texan Capital Management, a Texas-based fund reported 35,714 shares.

Analysts await Whitestone REIT (NYSE:WSR) to report earnings on October, 30. They expect $0.27 EPS, down 18.18% or $0.06 from last year’s $0.33 per share. WSR’s profit will be $10.40 million for 12.16 P/E if the $0.27 EPS becomes a reality. After $0.31 actual EPS reported by Whitestone REIT for the previous quarter, Wall Street now forecasts -12.90% negative EPS growth.

The stock decreased 0.61% or $0.08 on September 15, reaching $13.13. About 1.40M shares traded or 105.02% up from the average. Whitestone REIT (WSR) has declined 9.96% since September 17, 2016 and is downtrending. It has underperformed by 26.66% the S&P500.

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