Becker Capital Management Holding in Johnson & Johnson Com (JNJ) Has Raised by $1.86 Million; Rogers Communications (RCI) Share Price Rose While Alliancebernstein LP Cut Holding by $7.19 Million

June 23, 2018 - By Richard Conner

Rogers Communications Inc. (NYSE:RCI) Logo

Becker Capital Management Inc increased its stake in Johnson & Johnson Com (JNJ) by 3.42% based on its latest 2018Q1 regulatory filing with the SEC. Becker Capital Management Inc bought 14,549 shares as the company’s stock declined 8.03% with the market. The institutional investor held 439,748 shares of the major pharmaceuticals company at the end of 2018Q1, valued at $56.35M, up from 425,199 at the end of the previous reported quarter. Becker Capital Management Inc who had been investing in Johnson & Johnson Com for a number of months, seems to be bullish on the $329.48 billion market cap company. The stock increased 1.14% or $1.39 during the last trading session, reaching $122.84. About 10.31M shares traded or 54.14% up from the average. Johnson & Johnson (NYSE:JNJ) has declined 4.75% since June 23, 2017 and is downtrending. It has underperformed by 17.32% the S&P500. Some Historical JNJ News: 16/04/2018 – Bristol-Myers invites J&J into an alliance of giants on cardio drug development/commercialization program $BMY $JNJ; 16/05/2018 – J&J CEO warns of ‘unintended consequences’ of Trump’s drug-price reduction plan; 29/03/2018 – Fitch Cites Johnson & Johnson’s Consistent Operating and Financial Performance for ‘AAA’ Rating; 06/03/2018 – BOEHRINGER INGELHEIM, LILLY EXPAND PROGRAM FOR JARDIANCE; 14/03/2018 – South Dakota sues opioid makers as litigation swells; 24/04/2018 – CN RAIL CEO JJ RUEST SPEAKS IN INTERVIEW IN TORONTO; 18/04/2018 – KENTUCKY SUES JOHNSON & JOHNSON, ACCUSES COMPANY OF DEVISING DECEPTIVE OPIOID MARKETING SCHEME; 15/05/2018 – #2 PM bureau: Pfizer finally finishes a 3-year regulatory odyssey, bagging an FDA OK for 1st Epogen knockoff $PFE $AMGN $JNJ; 16/03/2018 – J&J – IF OFFER IS ACCEPTED, TRANSACTION WOULD BE EXPECTED TO CLOSE BY END OF 2018; 22/03/2018 – Johnson & Johnson CDS Widens 3 Bps, Most in 6 Months

Alliancebernstein Lp decreased its stake in Rogers Communications Inc (RCI) by 69.83% based on its latest 2018Q1 regulatory filing with the SEC. Alliancebernstein Lp sold 163,462 shares as the company’s stock rose 2.95% while stock markets declined. The hedge fund held 70,623 shares of the consumer services company at the end of 2018Q1, valued at $3.16 million, down from 234,085 at the end of the previous reported quarter. Alliancebernstein Lp who had been investing in Rogers Communications Inc for a number of months, seems to be less bullish one the $24.71B market cap company. The stock increased 0.45% or $0.21 during the last trading session, reaching $47.15. About 317,323 shares traded. Rogers Communications Inc. (NYSE:RCI) has risen 2.36% since June 23, 2017 and is uptrending. It has underperformed by 10.21% the S&P500. Some Historical RCI News: 19/04/2018 – Rogers Communications Declares Dividend of 48c; 13/04/2018 – REG-RCI Banque : PLACEMENT OF A 722.8 MILLION EURO SECURITIZATION BACKED BY FRENCH AUTO LOANS; 09/05/2018 – RCI® Transforms Social Media Monitoring with TravelVUE(SM); 19/04/2018 – Rogers Communications’ quarterly profit rises 37 pct; 30/03/2018 – Octo Telematics Partnership with RCI Bank: Global Platform Approach to Offer Tailor-made Customer-centric Services; 23/04/2018 – ROGERS COMMUNICATIONS FILES SHELF FOR MAX. $4B DEBT SECURITIES; 30/04/2018 – RCI Continues Support of Children Around the World as Title Sponsor of the Christel House Open; 19/04/2018 – ROGERS COMMUNICATIONS INC – ADOPTED IFRS 15 AND IFRS 9, FINANCIAL INSTRUMENTS EFFECTIVE JANUARY 1, 2018; 07/05/2018 – RCI to Launch New Version of the RCI® App: The Most Comprehensive Vacation Exchange App Available; 20/04/2018 – Rogers Communications Announces Voting Results from Annual Meeting of Shareholders

Among 23 analysts covering Johnson & Johnson (NYSE:JNJ), 11 have Buy rating, 5 Sell and 7 Hold. Therefore 48% are positive. Johnson & Johnson had 102 analyst reports since August 7, 2015 according to SRatingsIntel. As per Wednesday, October 18, the company rating was maintained by Stifel Nicolaus. The stock of Johnson & Johnson (NYSE:JNJ) has “Sell” rating given on Friday, July 21 by Atlantic Securities. The firm has “Hold” rating given on Friday, July 14 by Jefferies. Wells Fargo downgraded the stock to “Market Perform” rating in Thursday, January 26 report. Leerink Swann maintained Johnson & Johnson (NYSE:JNJ) rating on Thursday, May 17. Leerink Swann has “Buy” rating and $16000 target. The firm has “Buy” rating given on Wednesday, October 18 by Wells Fargo. The rating was maintained by Jefferies with “Hold” on Tuesday, August 15. The rating was maintained by Stifel Nicolaus with “Hold” on Wednesday, April 18. The company was maintained on Monday, July 10 by BMO Capital Markets. Cowen & Co maintained it with “Outperform” rating and $114 target in Tuesday, August 25 report.

Investors sentiment increased to 0.93 in Q1 2018. Its up 0.06, from 0.87 in 2017Q4. It is positive, as 63 investors sold JNJ shares while 831 reduced holdings. 111 funds opened positions while 720 raised stakes. 1.71 billion shares or 0.80% less from 1.72 billion shares in 2017Q4 were reported. 48,075 were reported by Coastline. 8.88M were accumulated by Glenmede Company Na. Quantum Cap Mngmt has invested 0.28% of its portfolio in Johnson & Johnson (NYSE:JNJ). Washington Tru Com reported 113,976 shares stake. Livforsakringsbolaget Skandia Omsesidigt has 0.1% invested in Johnson & Johnson (NYSE:JNJ). Orca Investment Mgmt Ltd reported 0.97% of its portfolio in Johnson & Johnson (NYSE:JNJ). Arrowmark Colorado Hldg Ltd Liability invested 0.01% in Johnson & Johnson (NYSE:JNJ). Inspirion Wealth Limited Liability has invested 0.14% in Johnson & Johnson (NYSE:JNJ). Yacktman Asset Mgmt Limited Partnership accumulated 5.17M shares. Cortland Assoc Mo has 0.09% invested in Johnson & Johnson (NYSE:JNJ) for 4,014 shares. Stearns Fincl Group stated it has 45,475 shares or 1.43% of all its holdings. Grubman Wealth Mngmt reported 2,246 shares. Thrivent Financial For Lutherans invested in 0.53% or 1.22 million shares. Texas Permanent School Fund invested 1.19% of its portfolio in Johnson & Johnson (NYSE:JNJ). First Foundation has invested 2.48% of its portfolio in Johnson & Johnson (NYSE:JNJ).

Becker Capital Management Inc, which manages about $3.01 billion US Long portfolio, decreased its stake in Raytheon Company (NYSE:RTN) by 23,210 shares to 227,281 shares, valued at $49.05M in 2018Q1, according to the filing. It also reduced its holding in Time Warner Inc (NYSE:TWX) by 297,827 shares in the quarter, leaving it with 40,985 shares, and cut its stake in Hp Inc.

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

More notable recent Johnson & Johnson (NYSE:JNJ) news were published by: Fool.com which released: “Better Buy: Johnson & Johnson vs. Eli Lilly” on June 17, 2018, also Seekingalpha.com with their article: “How Do You Feel About Johnson & Johnson?: Part IV – Today’s Editors’ Picks” published on June 01, 2018, Fool.com published: “Forget Johnson & Johnson: Here Are 2 Better Dividend Stocks” on June 20, 2018. More interesting news about Johnson & Johnson (NYSE:JNJ) were released by: Forbes.com and their article: “What Are Johnson & Johnson’s Key Sources Of Revenue?” published on June 20, 2018 as well as Seekingalpha.com‘s news article titled: “Recent Purchase: Johnson & Johnson” with publication date: June 14, 2018.

Analysts await Rogers Communications Inc. (NYSE:RCI) to report earnings on July, 19. They expect $0.80 earnings per share, up 8.11% or $0.06 from last year’s $0.74 per share. RCI’s profit will be $419.31 million for 14.73 P/E if the $0.80 EPS becomes a reality. After $0.71 actual earnings per share reported by Rogers Communications Inc. for the previous quarter, Wall Street now forecasts 12.68% EPS growth.

Investors sentiment increased to 1.14 in 2018 Q1. Its up 0.18, from 0.96 in 2017Q4. It improved, as 20 investors sold RCI shares while 72 reduced holdings. 24 funds opened positions while 81 raised stakes. 246.28 million shares or 4.27% more from 236.19 million shares in 2017Q4 were reported. Whitnell accumulated 33 shares or 0% of the stock. National Bank & Trust Of Nova Scotia Trust reported 330,675 shares. Aviva Public Limited Liability Company stated it has 0.05% in Rogers Communications Inc. (NYSE:RCI). 3.19M are owned by Mackenzie Financial Corp. Clark Capital Mgmt owns 0.33% invested in Rogers Communications Inc. (NYSE:RCI) for 237,474 shares. Scotia Inc has 1.76M shares for 1.08% of their portfolio. Ls Investment Advisors Ltd Llc reported 200 shares. Moreover, Aqr Capital Mngmt Ltd Liability has 0.04% invested in Rogers Communications Inc. (NYSE:RCI) for 898,687 shares. Quantitative Systematic Strategies has invested 0.09% in Rogers Communications Inc. (NYSE:RCI). Old Mutual Customised Solutions (Proprietary) Ltd invested in 25,850 shares. Clearbridge Investments Lc invested 0% of its portfolio in Rogers Communications Inc. (NYSE:RCI). 143,196 are owned by Parametric Port Assocs. Comml Bank Of New York Mellon reported 384,573 shares. Ent Service invested in 51 shares or 0% of the stock. Millennium Mgmt Limited Co stated it has 0.01% in Rogers Communications Inc. (NYSE:RCI).

Alliancebernstein Lp, which manages about $138.32B US Long portfolio, upped its stake in Netapp Inc (NASDAQ:NTAP) by 30,286 shares to 492,459 shares, valued at $30.38 million in 2018Q1, according to the filing. It also increased its holding in Umpqua Hldgs Corp (NASDAQ:UMPQ) by 1.06 million shares in the quarter, for a total of 5.35 million shares, and has risen its stake in Schwab Strategic Tr (SCHD).

Among 9 analysts covering Rogers Comms (NYSE:RCI), 4 have Buy rating, 0 Sell and 5 Hold. Therefore 44% are positive. Rogers Comms had 15 analyst reports since October 9, 2015 according to SRatingsIntel. The stock of Rogers Communications Inc. (NYSE:RCI) earned “Equal-Weight” rating by Morgan Stanley on Thursday, December 17. RBC Capital Markets downgraded the shares of RCI in report on Monday, January 9 to “Sector Perform” rating. The company was upgraded on Friday, October 9 by IBC. The firm has “Buy” rating by Desjardins Securities given on Monday, January 8. The stock has “Equal-Weight” rating by Barclays Capital on Friday, October 14. The stock of Rogers Communications Inc. (NYSE:RCI) earned “Buy” rating by TD Securities on Friday, December 11. The rating was downgraded by IBC to “Sector Perform” on Wednesday, April 5. The firm has “Outperform” rating by Macquarie Research given on Tuesday, October 20. The firm has “Neutral” rating given on Friday, December 4 by Goldman Sachs.

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