Wallington Asset Management Stake in Johnson & Johnson (JNJ) Upped by $373,750; Visa (V) Holder Btg Pactual Global Asset Management LTD Trimmed Its Holding by $2.46 Million as Stock Rose

February 17, 2018 - By Darrin Black

Btg Pactual Global Asset Management Ltd decreased its stake in Visa Inc (V) by 9.31% based on its latest 2017Q3 regulatory filing with the SEC. Btg Pactual Global Asset Management Ltd sold 23,446 shares as the company’s stock rose 5.74% with the market. The institutional investor held 228,317 shares of the business services company at the end of 2017Q3, valued at $24.03M, down from 251,763 at the end of the previous reported quarter. Btg Pactual Global Asset Management Ltd who had been investing in Visa Inc for a number of months, seems to be less bullish one the $275.00B market cap company. The stock decreased 0.35% or $0.43 during the last trading session, reaching $121.85. About 6.37 million shares traded. Visa Inc. (NYSE:V) has risen 20.29% since February 17, 2017 and is uptrending. It has outperformed by 3.59% the S&P500.

Wallington Asset Management Llc increased its stake in Johnson & Johnson (JNJ) by 3.37% based on its latest 2017Q3 regulatory filing with the SEC. Wallington Asset Management Llc bought 2,875 shares as the company’s stock rose 6.85% with the market. The institutional investor held 88,175 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $11.46M, up from 85,300 at the end of the previous reported quarter. Wallington Asset Management Llc who had been investing in Johnson & Johnson for a number of months, seems to be bullish on the $357.71B market cap company. The stock increased 1.46% or $1.92 during the last trading session, reaching $133.15. About 7.97 million shares traded or 7.28% up from the average. Johnson & Johnson (NYSE:JNJ) has risen 12.54% since February 17, 2017 and is uptrending. It has underperformed by 4.16% the S&P500.

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. Jefferies maintained it with “Hold” rating and $119 target in Thursday, August 4 report. The firm earned “Buy” rating on Wednesday, October 11 by Jefferies. On Sunday, August 27 the stock rating was maintained by RBC Capital Markets with “Buy”. Piper Jaffray maintained the shares of JNJ in report on Monday, October 2 with “Hold” rating. The company was maintained on Tuesday, January 16 by Jefferies. UBS maintained Johnson & Johnson (NYSE:JNJ) on Wednesday, July 19 with “Buy” rating. The stock of Johnson & Johnson (NYSE:JNJ) has “Equal-Weight” rating given on Tuesday, November 29 by Barclays Capital. On Wednesday, October 18 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. RBC Capital Markets maintained Johnson & Johnson (NYSE:JNJ) on Wednesday, October 7 with “Outperform” rating. The stock has “Outperform” rating by RBC Capital Markets on Wednesday, January 25.

Investors sentiment is 0.83 in 2017 Q3. Its the same as in 2017Q2. It has no change, 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. Highstreet Asset Management Inc holds 117,455 shares or 1.46% of its portfolio. Manufacturers Life Insurance The accumulated 6.36M shares. Jnba Financial invested in 0.35% or 12,199 shares. Park National Oh stated it has 354,400 shares or 2.64% of all its holdings. 3,840 are held by Roanoke Asset Mngmt New York. Acropolis Mgmt Ltd invested 0.52% in Johnson & Johnson (NYSE:JNJ). Clifford Swan Invest Counsel Ltd Liability has 294,221 shares for 2.32% of their portfolio. Cooke And Bieler LP has 1.15% invested in Johnson & Johnson (NYSE:JNJ) for 476,282 shares. Univest Of Pennsylvania holds 4.79% in Johnson & Johnson (NYSE:JNJ) or 87,369 shares. Monetary Mgmt Gp Incorporated, Missouri-based fund reported 19,550 shares. Brown Advisory Securities Ltd Liability Company stated it has 2.21% of its portfolio in Johnson & Johnson (NYSE:JNJ). Forward Management Ltd Liability Corporation has invested 0.15% in Johnson & Johnson (NYSE:JNJ). Quebec – Canada-based Hexavest has invested 2.8% in Johnson & Johnson (NYSE:JNJ). Smith Chas P & Associates Pa Cpas owns 3.32% invested in Johnson & Johnson (NYSE:JNJ) for 178,622 shares. Founders Secs Ltd Liability reported 5,885 shares.

Wallington Asset Management Llc, which manages about $499.10 million and $376.94M US Long portfolio, decreased its stake in Kimberly (NYSE:KMB) by 2,939 shares to 59,155 shares, valued at $6.96 million in 2017Q3, according to the filing.

Since August 17, 2017, it had 0 buys, and 2 insider sales for $6.36 million activity. CRANSTON MARY B sold 10,400 shares worth $1.07M. MAHON TULLIER KELLY sold $5.65M worth of stock.

Btg Pactual Global Asset Management Ltd, which manages about $313.47M US Long portfolio, upped its stake in Praxair Inc (NYSE:PX) by 80,000 shares to 130,000 shares, valued at $18.17M in 2017Q3, according to the filing. It also increased its holding in Mastercard Incorporated (NYSE:MA) by 3,516 shares in the quarter, for a total of 17,433 shares, and has risen its stake in Dollar Tree Inc (NASDAQ:DLTR).

Among 42 analysts covering Visa Inc. (NYSE:V), 34 have Buy rating, 0 Sell and 8 Hold. Therefore 81% are positive. Visa Inc. had 125 analyst reports since July 21, 2015 according to SRatingsIntel. Cowen & Co maintained Visa Inc. (NYSE:V) rating on Thursday, February 1. Cowen & Co has “Buy” rating and $141.0 target. Robert W. Baird maintained it with “Buy” rating and $146.0 target in Thursday, February 1 report. The company was upgraded on Friday, January 20 by Wedbush. The firm has “Buy” rating given on Wednesday, February 15 by Loop Capital. On Friday, February 2 the stock rating was maintained by Barclays Capital with “Overweight”. Robert W. Baird maintained Visa Inc. (NYSE:V) rating on Tuesday, August 22. Robert W. Baird has “Buy” rating and $122.0 target. The company was maintained on Monday, August 21 by RBC Capital Markets. The rating was maintained by Piper Jaffray on Thursday, February 1 with “Buy”. The stock of Visa Inc. (NYSE:V) earned “Buy” rating by UBS on Friday, July 21. Credit Suisse downgraded the stock to “Hold” rating in Tuesday, October 3 report.

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