As Johnson & Johnson (JNJ) Share Price Declined, Shareholder Bush Odonnell Investment Advisors Has Decreased Position; Aldebaran Financial Has Increased Its Townebank Portsmouth Va (TOWN) Holding by $1.96 Million; Shares Rose

June 21, 2018 - By Ellis Scott

Johnson & Johnson (NYSE:JNJ) Logo

Bush Odonnell Investment Advisors Inc decreased its stake in Johnson & Johnson (JNJ) by 43.47% based on its latest 2018Q1 regulatory filing with the SEC. Bush Odonnell Investment Advisors Inc sold 19,488 shares as the company’s stock declined 8.03% with the market. The institutional investor held 25,338 shares of the major pharmaceuticals company at the end of 2018Q1, valued at $3.25 million, down from 44,826 at the end of the previous reported quarter. Bush Odonnell Investment Advisors Inc who had been investing in Johnson & Johnson for a number of months, seems to be less bullish one the $326.55B market cap company. The stock decreased 0.24% or $0.29 during the last trading session, reaching $121.75. About 2.41 million shares traded. Johnson & Johnson (NYSE:JNJ) has declined 4.75% since June 21, 2017 and is downtrending. It has underperformed by 17.32% the S&P500. Some Historical JNJ News: 24/04/2018 – Johnson & Johnson to Participate in the 2018 Deutsche Bank 43rd Annual Health Care Conference; 19/03/2018 – ASTRA REPORTS RESULTS FROM DERIVE PHASE 3 TRIAL ON FARXIGA; 06/03/2018 – Boehringer Ingelheim and Lilly expand heart failure program for Jardiance® with new exercise capacity trials; 23/04/2018 – DJ Johnson & Johnson, Inst Holders, 1Q 2018 (JNJ); 16/03/2018 – JOHNSON & JOHNSON: BINDING OFFER FROM PLATINUM EQUITY TO BUY; 24/05/2018 – Drug Overview 2018: lnvega Sustenna/lnvega Trinza (Paliperidone Palmitate; Johnson & Johnson) – ResearchAndMarkets.com; 05/03/2018 The Klein Law Firm Notifies Investors of a Class Action Filed on Behalf of Johnson & Johnson Shareholders and a Lead Plaintiff; 17/04/2018 – Johnson & Johnson tops earnings, revenue expectations; 18/04/2018 – Johnson & Johnson/biosimilars: immune to reason; 16/04/2018 – Johnson & Johnson expected to post earnings of $2.01 a share – Earnings Preview

Aldebaran Financial Inc increased its stake in Townebank Portsmouth Va (TOWN) by 766.21% based on its latest 2018Q1 regulatory filing with the SEC. Aldebaran Financial Inc bought 70,116 shares as the company’s stock rose 7.97% while stock markets declined. The institutional investor held 79,267 shares of the company at the end of 2018Q1, valued at $2.27 million, up from 9,151 at the end of the previous reported quarter. Aldebaran Financial Inc who had been investing in Townebank Portsmouth Va for a number of months, seems to be bullish on the $2.41B market cap company. The stock decreased 0.44% or $0.15 during the last trading session, reaching $33.65. About 80,943 shares traded. TowneBank (NASDAQ:TOWN) has risen 7.60% since June 21, 2017 and is uptrending. It has underperformed by 4.97% the S&P500. Some Historical TOWN News: 14/05/2018 – Fidelity Management & Research Exits Position in Towne Bank; 29/03/2018 – TowneBank Names CEO G. Robert Aston Jr. as Executive Chairman; 25/04/2018 – TOWNE BANK 1Q ADJ EPS 46C, EST. 45C; 23/05/2018 – Townebank Announces Quarterly Cash Dividend; 25/04/2018 – TOWNE BANK – QTRLY NET INTEREST INCOME WAS $76.34 MLN COMPARED TO $60.28 MLN AT MARCH 31, 201; 23/05/2018 – Towne Bank Raises Dividend to 16c Vs. 14c

More news for TowneBank (NASDAQ:TOWN) were recently published by: Globenewswire.com, which released: “Research Report Identifies LB Foster, AVX, Professional Diversity Network, Park National, Towne Bank, and …” on May 25, 2018. Globenewswire.com‘s article titled: “Townebank Announces Quarterly Cash Dividend” and published on May 23, 2018 is yet another important article.

Among 7 analysts covering Towne Bank (NASDAQ:TOWN), 1 have Buy rating, 0 Sell and 6 Hold. Therefore 14% are positive. Towne Bank had 28 analyst reports since August 24, 2015 according to SRatingsIntel. The rating was maintained by Brean Capital on Monday, June 11 with “Hold”. The firm has “Hold” rating given on Monday, April 16 by Brean Capital. On Tuesday, October 31 the stock rating was maintained by Piper Jaffray with “Hold”. The stock of TowneBank (NASDAQ:TOWN) earned “Hold” rating by Brean Capital on Tuesday, January 2. The firm has “” rating given on Monday, August 24 by KBW. Keefe Bruyette & Woods maintained the shares of TOWN in report on Tuesday, October 3 with “Hold” rating. The firm earned “Hold” rating on Tuesday, January 30 by Piper Jaffray. The firm has “Mkt Perform” rating given on Monday, August 24 by Bruyette & Woods”. Brean Capital maintained the shares of TOWN in report on Friday, February 2 with “Hold” rating. The stock has “Hold” rating by Brean Capital on Monday, February 5.

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

Analysts await Johnson & Johnson (NYSE:JNJ) to report earnings on July, 17. They expect $2.06 EPS, up 12.57% or $0.23 from last year’s $1.83 per share. JNJ’s profit will be $5.53B for 14.78 P/E if the $2.06 EPS becomes a reality. After $2.06 actual EPS reported by Johnson & Johnson for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

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. Albion Financial Gp Ut invested in 0.53% or 26,898 shares. Stone Ridge Asset reported 102,877 shares stake. Tci Wealth stated it has 2.96% in Johnson & Johnson (NYSE:JNJ). Bkd Wealth Advsr Lc reported 39,582 shares. Delta Asset Mngmt Ltd Co Tn invested in 30,656 shares. 53,533 were reported by Evergreen Capital Mngmt Llc. Beck Mngmt Ltd Co has invested 0.26% in Johnson & Johnson (NYSE:JNJ). Lvw Ltd Liability has 1.11% invested in Johnson & Johnson (NYSE:JNJ). 18,310 were reported by Mitchell Sinkler & Starr Pa. Argentiere Ag has invested 0.81% in Johnson & Johnson (NYSE:JNJ). New Mexico Educational Retirement Board holds 1.25% or 256,043 shares. Boston Rech & Inc stated it has 9,355 shares or 0.61% of all its holdings. L S Advsrs Incorporated invested 0.37% of its portfolio in Johnson & Johnson (NYSE:JNJ). Woodmont Counsel Ltd Liability owns 39,495 shares. Tirschwell & Loewy has invested 3.46% of its portfolio in Johnson & Johnson (NYSE:JNJ).

Johnson & Johnson (NYSE:JNJ) Institutional Positions Chart

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