Palisade Asset Management Cut Johnson & Johnson (JNJ) Position, Gates Capital Management Has Cut By $7.70 Million Its Davita (DVA) Holding

July 18, 2017 - By Nellie Frank

Gates Capital Management Inc decreased Davita Inc (DVA) stake by 6.4% reported in 2016Q4 SEC filing. Gates Capital Management Inc sold 120,256 shares as Davita Inc (DVA)’s stock declined 3.48%. The Gates Capital Management Inc holds 1.76 million shares with $112.90M value, down from 1.88 million last quarter. Davita Inc now has $12.81 billion valuation. The stock increased 0.88% or $0.57 on July 17, reaching $65.27. About shares traded. Davita Inc (NYSE:DVA) has declined 16.51% since July 18, 2016 and is downtrending. It has underperformed by 33.21% the S&P500.

Palisade Asset Management Llc decreased Johnson & Johnson (JNJ) stake by 5.1% reported in 2016Q4 SEC filing. Palisade Asset Management Llc sold 6,060 shares as Johnson & Johnson (JNJ)’s stock rose 6.85%. The Palisade Asset Management Llc holds 112,722 shares with $12.99 million value, down from 118,782 last quarter. Johnson & Johnson now has $354.78B valuation. The stock decreased 0.37% or $0.49 during the last trading session, reaching $132.15. About 2,118 shares traded. Johnson & Johnson (NYSE:JNJ) has risen 12.54% since July 18, 2016 and is uptrending. It has underperformed by 4.16% the S&P500.

Among 9 analysts covering DaVita (NYSE:DVA), 1 have Buy rating, 1 Sell and 7 Hold. Therefore 11% are positive. DaVita had 17 analyst reports since August 6, 2015 according to SRatingsIntel. On Tuesday, December 13 the stock rating was downgraded by Robert W. Baird to “Neutral”. The rating was maintained by Goldman Sachs with “Sell” on Friday, May 26. The company was downgraded on Monday, June 26 by Jefferies. RBC Capital Markets maintained the shares of DVA in report on Monday, June 26 with “Hold” rating. The stock of Davita Inc (NYSE:DVA) earned “Neutral” rating by Bank of America on Tuesday, September 6. On Tuesday, September 6 the stock rating was initiated by Citigroup with “Neutral”. The stock of Davita Inc (NYSE:DVA) earned “Hold” rating by RBC Capital Markets on Thursday, May 25. On Thursday, August 6 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. Bernstein maintained Davita Inc (NYSE:DVA) on Wednesday, March 2 with “Market Perform” rating. RBC Capital Markets maintained Davita Inc (NYSE:DVA) on Tuesday, February 16 with “Sector Perform” rating.

Analysts await Davita Inc (NYSE:DVA) to report earnings on August, 1 after the close. They expect $0.90 EPS, down 10.89% or $0.11 from last year’s $1.01 per share. DVA’s profit will be $176.64 million for 18.13 P/E if the $0.90 EPS becomes a reality. After $0.79 actual EPS reported by Davita Inc for the previous quarter, Wall Street now forecasts 13.92% EPS growth.

Investors sentiment decreased to 0.73 in Q4 2016. Its down 0.43, from 1.16 in 2016Q3. It dropped, as 60 investors sold DVA shares while 184 reduced holdings. 56 funds opened positions while 121 raised stakes. 162.52 million shares or 1.57% less from 165.10 million shares in 2016Q3 were reported. Moreover, Blackrock Institutional Na has 0.04% invested in Davita Inc (NYSE:DVA). Amer Natl Insur Tx accumulated 94,850 shares. Howe And Rusling stated it has 42 shares. Tcw holds 0.01% of its portfolio in Davita Inc (NYSE:DVA) for 11,650 shares. Manchester Capital Mngmt Ltd Liability Corp invested 0.05% of its portfolio in Davita Inc (NYSE:DVA). Franklin Res owns 554,974 shares. Ubs Asset Management Americas Inc invested in 0.05% or 660,037 shares. Numeric Investors Ltd Liability reported 9,500 shares. Skba Capital Ltd invested 0.05% of its portfolio in Davita Inc (NYSE:DVA). British Columbia Invest Management Corp holds 0.03% or 45,773 shares. Cam Gp A S holds 0.12% or 98,877 shares. Kcg Holdings has 27,286 shares for 0.04% of their portfolio. Canada Pension Plan Inv Board invested 0.05% of its portfolio in Davita Inc (NYSE:DVA). Schwab Charles Investment Mgmt reported 0.04% of its portfolio in Davita Inc (NYSE:DVA). Green Square Ltd Liability Corporation reported 4,000 shares.

Since February 23, 2017, it had 0 insider purchases, and 7 sales for $1.03 million activity. JIGANTI JEANINE MARIE sold $35,678 worth of stock. $119,378 worth of Davita Inc (NYSE:DVA) was sold by ZUMWALT LEANNE M. Shares for $59,445 were sold by HILGER JAMES K. $85,670 worth of stock was sold by Rodriguez Javier on Monday, May 15. BERG CHARLES also sold $553,607 worth of Davita Inc (NYSE:DVA) on Tuesday, May 9.

Among 18 analysts covering Johnson & Johnson (NYSE:JNJ), 9 have Buy rating, 1 Sell and 8 Hold. Therefore 50% are positive. Johnson & Johnson had 50 analyst reports since August 7, 2015 according to SRatingsIntel. The company was maintained on Thursday, July 14 by Jefferies. Jefferies maintained it with “Hold” rating and $109 target in Tuesday, June 14 report. The stock of Johnson & Johnson (NYSE:JNJ) earned “Buy” rating by RBC Capital Markets on Monday, July 10. UBS maintained Johnson & Johnson (NYSE:JNJ) on Wednesday, October 19 with “Buy” rating. The firm has “Hold” rating given on Tuesday, March 15 by Jefferies. The company was initiated on Wednesday, April 6 by Societe Generale. The firm has “Buy” rating given on Wednesday, July 20 by Argus Research. The firm earned “Neutral” rating on Monday, March 14 by Goldman Sachs. BMO Capital Markets maintained it with “Buy” rating and $13200 target in Monday, July 10 report. The stock of Johnson & Johnson (NYSE:JNJ) has “Neutral” rating given on Wednesday, April 20 by Goldman Sachs.

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