Keystone Financial Planning Lowered Diageo Plc (DEO) Stake as Valuation Rose; Johnson & Johnson (JNJ) Shareholder Everett Harris & Company Decreased Stake by $325,520 as Share Value Rose

January 13, 2018 - By Dolores Ford

Everett Harris & Company decreased its stake in Johnson & Johnson (JNJ) by 0.27% based on its latest 2017Q3 regulatory filing with the SEC. Everett Harris & Company sold 2,504 shares as the company’s stock rose 6.85% with the market. The institutional investor held 913,558 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $118.77 million, down from 916,062 at the end of the previous reported quarter. Everett Harris & Company who had been investing in Johnson & Johnson for a number of months, seems to be less bullish one the $391.59 billion market cap company. The stock increased 0.67% or $0.97 during the last trading session, reaching $145.76. About 5.45 million shares traded. Johnson & Johnson (NYSE:JNJ) has risen 12.54% since January 13, 2017 and is uptrending. It has underperformed by 4.16% the S&P500.

Keystone Financial Planning Inc decreased its stake in Diageo Plc (DEO) by 30.5% based on its latest 2017Q3 regulatory filing with the SEC. Keystone Financial Planning Inc sold 9,466 shares as the company’s stock rose 5.26% with the market. The institutional investor held 21,571 shares of the beverages (production and distribution) company at the end of 2017Q3, valued at $2.85M, down from 31,037 at the end of the previous reported quarter. Keystone Financial Planning Inc who had been investing in Diageo Plc for a number of months, seems to be less bullish one the $88.68B market cap company. The stock increased 0.51% or $0.73 during the last trading session, reaching $144.72. About 414,243 shares traded or 9.62% up from the average. Diageo plc (NYSE:DEO) has risen 12.82% since January 13, 2017 and is uptrending. It has underperformed by 3.88% the S&P500.

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 21.19 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.

Investors sentiment is 0.83 in Q3 2017. 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. Dana Advsr has invested 1.59% of its portfolio in Johnson & Johnson (NYSE:JNJ). Neuberger Berman Gp Ltd Liability Corp holds 0.81% or 4.97 million shares. Farmers Communication holds 3.36% in Johnson & Johnson (NYSE:JNJ) or 76,662 shares. Wilkins Invest Counsel Inc stated it has 81,851 shares. Stellar Mngmt Ltd Company stated it has 2.51% in Johnson & Johnson (NYSE:JNJ). Arrowmark Colorado Hldgs Ltd Com accumulated 0.01% or 8,360 shares. Wright Ser invested in 6,541 shares or 0.31% of the stock. Founders Fincl Llc, Maryland-based fund reported 5,885 shares. Steinberg Global Asset Mgmt invested in 23,362 shares or 0.45% of the stock. Wespac Advsr Ltd Liability holds 0.59% of its portfolio in Johnson & Johnson (NYSE:JNJ) for 6,906 shares. Commercial Bank Pictet And Cie (Asia) owns 77,500 shares. Kbc Group Nv invested in 1.29 million shares or 1.52% of the stock. Hamilton Point Invest Advsrs Limited Liability Corp stated it has 2.34% in Johnson & Johnson (NYSE:JNJ). Investec Asset Mngmt Ltd owns 2.9% invested in Johnson & Johnson (NYSE:JNJ) for 5.09 million shares. Blackhill Cap accumulated 194,000 shares or 4.73% of the stock.

Everett Harris & Company, which manages about $6.37 billion and $3.33B US Long portfolio, upped its stake in Alphabet Class C by 731 shares to 154,086 shares, valued at $147.79M in 2017Q3, according to the filing. It also increased its holding in Spectra Energy Partners Lp (NYSE:SEP) by 11,950 shares in the quarter, for a total of 106,293 shares, and has risen its stake in Microsoft Corp. (NASDAQ:MSFT).

Among 23 analysts covering Johnson & Johnson (NYSE:JNJ), 12 have Buy rating, 5 Sell and 6 Hold. Therefore 52% are positive. Johnson & Johnson had 84 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of Johnson & Johnson (NYSE:JNJ) has “Neutral” rating given on Tuesday, January 2 by JP Morgan. BMO Capital Markets maintained Johnson & Johnson (NYSE:JNJ) rating on Thursday, October 5. BMO Capital Markets has “Buy” rating and $145.0 target. The rating was maintained by Jefferies on Thursday, July 14 with “Hold”. Jefferies maintained it with “Hold” rating and $140 target in Friday, June 16 report. The rating was maintained by Jefferies on Tuesday, March 15 with “Hold”. The stock of Johnson & Johnson (NYSE:JNJ) earned “Hold” rating by Stifel Nicolaus on Wednesday, October 18. The rating was maintained by RBC Capital Markets with “Buy” on Monday, July 10. The stock of Johnson & Johnson (NYSE:JNJ) earned “Buy” rating by UBS on Thursday, August 31. The company was maintained on Thursday, October 19 by Credit Suisse. The stock of Johnson & Johnson (NYSE:JNJ) earned “Hold” rating by Piper Jaffray on Tuesday, July 18.

Keystone Financial Planning Inc, which manages about $143.92M and $176.35 million US Long portfolio, upped its stake in General Electric (NYSE:GE) by 66,703 shares to 175,119 shares, valued at $4.23M in 2017Q3, according to the filing. It also increased its holding in Procter & Gamble (NYSE:PG) by 14,734 shares in the quarter, for a total of 72,026 shares, and has risen its stake in Qualcomm (NASDAQ:QCOM).

Among 25 analysts covering Diageo (NYSE:DEO), 16 have Buy rating, 3 Sell and 6 Hold. Therefore 64% are positive. Diageo had 41 analyst reports since July 31, 2015 according to SRatingsIntel. As per Thursday, September 24, the company rating was maintained by Natixis. The rating was maintained by Kepler Cheuvreux on Friday, July 31 with “Hold”. The firm earned “Buy” rating on Monday, June 19 by Jefferies. The firm has “Hold” rating by HSBC given on Friday, October 16. The stock of Diageo plc (NYSE:DEO) has “Buy” rating given on Friday, July 31 by Deutsche Bank. The company was maintained on Friday, July 31 by Credit Suisse. As per Tuesday, October 31, the company rating was maintained by Jefferies. Investec upgraded the stock to “Buy” rating in Thursday, August 6 report. The rating was upgraded by Goldman Sachs on Tuesday, June 28 to “Neutral”. The company was downgraded on Thursday, May 25 by Citigroup.

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