Lowe Brockenbrough & Company Has Lowered Its Stake in Johnson And Johnson Com (JNJ) as Shares Rose; As Intl Paper Co (IP) Shares Declined, Shareholder Bnp Paribas Investment Partners Sa Has Trimmed by $1.32 Million Its Holding

February 22, 2018 - By Migdalia James

Bnp Paribas Investment Partners Sa decreased its stake in Intl Paper Co (IP) by 11.07% based on its latest 2017Q3 regulatory filing with the SEC. Bnp Paribas Investment Partners Sa sold 23,525 shares as the company’s stock declined 1.99% while stock markets rallied. The institutional investor held 188,987 shares of the paper company at the end of 2017Q3, valued at $10.74M, down from 212,512 at the end of the previous reported quarter. Bnp Paribas Investment Partners Sa who had been investing in Intl Paper Co for a number of months, seems to be less bullish one the $24.08B market cap company. The stock decreased 0.15% or $0.09 during the last trading session, reaching $58.31. About 1.44 million shares traded. International Paper Company (NYSE:IP) has risen 26.95% since February 22, 2017 and is uptrending. It has outperformed by 10.25% the S&P500.

Lowe Brockenbrough & Company Inc decreased its stake in Johnson And Johnson Com (JNJ) by 2.86% based on its latest 2017Q3 regulatory filing with the SEC. Lowe Brockenbrough & Company Inc sold 3,200 shares as the company’s stock rose 6.85% with the market. The institutional investor held 108,752 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $14.14 million, down from 111,952 at the end of the previous reported quarter. Lowe Brockenbrough & Company Inc who had been investing in Johnson And Johnson Com for a number of months, seems to be less bullish one the $349.01 billion market cap company. It closed at $129.91 lastly. It is down 12.54% since February 22, 2017 and is uptrending. It has underperformed by 4.16% the S&P500.

Lowe Brockenbrough & Company Inc, which manages about $2.04B and $651.91 million US Long portfolio, upped its stake in Select Sector Spdr Tr Sbi Cons (XLP) by 35,215 shares to 41,134 shares, valued at $2.22M in 2017Q3, according to the filing. It also increased its holding in Tjx Cos Inc New Com (NYSE:TJX) by 12,216 shares in the quarter, for a total of 62,299 shares, and has risen its stake in Hormel Foods Corp. (NYSE:HRL).

Since February 15, 2018, it had 0 insider buys, and 1 sale for $20.17 million activity.

Analysts await Johnson & Johnson (NYSE:JNJ) to report earnings on April, 17. They expect $2.01 earnings per share, up 9.84% or $0.18 from last year’s $1.83 per share. JNJ’s profit will be $5.40B for 16.16 P/E if the $2.01 EPS becomes a reality. After $1.74 actual earnings per share reported by Johnson & Johnson for the previous quarter, Wall Street now forecasts 15.52% EPS growth.

Investors sentiment is 0.83 in 2017 Q3. Its the same as in 2017Q2. It is flat, 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. Busey Trust Company reported 150,692 shares. Barry Ltd Liability Com reported 0.39% in Johnson & Johnson (NYSE:JNJ). Autus Asset Mgmt Ltd Liability Corp owns 25,951 shares or 0.65% of their US portfolio. Alpha Windward Limited Liability Company stated it has 3,237 shares or 0.26% of all its holdings. Ashfield Capital Limited Liability Corporation, California-based fund reported 109,406 shares. Focused Investors Ltd Liability Company accumulated 1.01 million shares or 5.55% of the stock. Meristem Llp stated it has 1.67% in Johnson & Johnson (NYSE:JNJ). Platinum Invest Management holds 0.11% in Johnson & Johnson (NYSE:JNJ) or 32,800 shares. Tortoise Mgmt Ltd Liability Corporation accumulated 4,349 shares or 0.17% of the stock. Beese Fulmer Invest Management Inc holds 2.85% in Johnson & Johnson (NYSE:JNJ) or 96,298 shares. Utd Asset Strategies stated it has 5,574 shares. Madrona Financial Svcs Lc stated it has 0.31% in Johnson & Johnson (NYSE:JNJ). Ferguson Wellman Capital Mgmt reported 0.88% stake. The United Kingdom-based Barclays Public Limited Company has invested 0.35% in Johnson & Johnson (NYSE:JNJ). Hays Advisory Ltd Limited Liability Company reported 0.09% stake.

Among 23 analysts covering Johnson & Johnson (NYSE:JNJ), 12 have Buy rating, 5 Sell and 6 Hold. Therefore 52% are positive. Johnson & Johnson had 89 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was upgraded by JP Morgan on Monday, May 15 to “Overweight”. The rating was maintained by Jefferies with “Hold” on Tuesday, June 14. The stock of Johnson & Johnson (NYSE:JNJ) has “Hold” rating given on Friday, June 16 by Jefferies. The rating was maintained by UBS with “Buy” on Wednesday, July 19. The stock has “Outperform” rating by RBC Capital Markets on Wednesday, October 7. The company was maintained on Tuesday, August 15 by Jefferies. The firm has “Hold” rating given on Monday, September 25 by Citigroup. The firm has “Buy” rating by UBS given on Thursday, August 31. The stock has “Buy” rating by RBC Capital Markets on Monday, July 10. RBC Capital Markets maintained Johnson & Johnson (NYSE:JNJ) on Wednesday, January 25 with “Outperform” rating.

Among 16 analysts covering International Paper Company (NYSE:IP), 9 have Buy rating, 2 Sell and 5 Hold. Therefore 56% are positive. International Paper Company had 67 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by Jefferies with “Buy” on Thursday, April 13. The stock of International Paper Company (NYSE:IP) earned “Buy” rating by RBC Capital Markets on Thursday, January 11. The rating was downgraded by Bank of America on Tuesday, September 15 to “Hold”. The rating was maintained by BMO Capital Markets with “Buy” on Thursday, January 25. The rating was maintained by BMO Capital Markets on Thursday, October 19 with “Buy”. The company was downgraded on Monday, April 25 by RBC Capital Markets. On Monday, October 23 the stock rating was maintained by RBC Capital Markets with “Buy”. BMO Capital Markets maintained the stock with “Buy” rating in Friday, June 9 report. The firm has “Neutral” rating by DA Davidson given on Friday, February 3. The rating was maintained by RBC Capital Markets with “Buy” on Monday, May 29.

Investors sentiment decreased to 0.95 in Q3 2017. Its down 0.08, from 1.03 in 2017Q2. It dropped, as 37 investors sold IP shares while 252 reduced holdings. 76 funds opened positions while 199 raised stakes. 333.87 million shares or 1.34% less from 338.41 million shares in 2017Q2 were reported. Summit Fincl Wealth Advsrs Limited Liability Corp stated it has 1.2% of its portfolio in International Paper Company (NYSE:IP). Everence Cap Mgmt Incorporated reported 12,389 shares. 1832 Asset Mngmt Ltd Partnership holds 60 shares or 0% of its portfolio. Covington Cap Mgmt has 250 shares for 0% of their portfolio. Korea Invest Corp reported 157,616 shares or 0.04% of all its holdings. Mitsubishi Ufj Tru And holds 972,015 shares or 0.1% of its portfolio. Bancorporation Of The West stated it has 12,616 shares. Jfs Wealth Advsr Limited Liability Corp accumulated 2,882 shares or 0.04% of the stock. Raymond James And Associates reported 0.06% stake. Employees Retirement System Of Texas invested 0.08% of its portfolio in International Paper Company (NYSE:IP). Boston Advsr Lc, a Massachusetts-based fund reported 8,500 shares. 85,633 were accumulated by Cohen & Steers. Comerica State Bank has 0.23% invested in International Paper Company (NYSE:IP). Moreover, Optimum Invest Advsr has 0.17% invested in International Paper Company (NYSE:IP) for 8,830 shares. Meiji Yasuda Asset Management Ltd owns 13,362 shares or 0.07% of their US portfolio.

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