Clifford Swan Investment Counsel Cut Its Intuit (INTU) Holding by $645,048; Flippin Bruce & Porter Has Increased Position in Johnson & Johnson (JNJ) by $368,324

September 14, 2018 - By Ashley Bratcher

Johnson & Johnson (NYSE:JNJ) Logo

Flippin Bruce & Porter Inc increased its stake in Johnson & Johnson (JNJ) by 3.9% based on its latest 2018Q2 regulatory filing with the SEC. Flippin Bruce & Porter Inc bought 3,044 shares as the company’s stock rose 13.64% with the market. The institutional investor held 81,079 shares of the major pharmaceuticals company at the end of 2018Q2, valued at $9.84 million, up from 78,035 at the end of the previous reported quarter. Flippin Bruce & Porter Inc who had been investing in Johnson & Johnson for a number of months, seems to be bullish on the $374.54B market cap company. The stock decreased 0.20% or $0.28 during the last trading session, reaching $139.61. About 3.29 million shares traded. Johnson & Johnson (NYSE:JNJ) has risen 5.07% since September 14, 2017 and is uptrending. It has underperformed by 10.55% the S&P500. Some Historical JNJ News: 02/05/2018 – $JNJ acquires BeneVir for $140M upfront + $900M milestone $MRK acquires Viralytics for $394M Oncolytic virus back to be the hot thing in I/O again? More $AMGN T-Vec + PD1 combo data to come at #ASCO18; 11/04/2018 – J&J, Imerys Ordered to Pay Punitive $80 Million in Talc Case; 07/03/2018 – ADVISORY: JJ RUEST, CN INTERIM PRESIDENT, CEO, TO ADDRESS J.P; 30/05/2018 – JANSSEN – PHASE 1B/2, OPEN-LABEL, STUDY WILL EVALUATE SAFETY AND EFFICACY OF JNJ-68284528 IN ADULTS WITH RELAPSED/REFRACTORY MULTIPLE MYELOMA; 19/03/2018 – AstraZeneca Presents New Data Evaluating Safety and Efficacy of FARXIGA in Patients with Type 2 Diabetes and Moderate Renal Impairment; 16/05/2018 – Johnson & Johnson is courting health-conscious millennial moms by relaunching its baby shampoo; 25/05/2018 – J&J JURY FAILS TO REACH VERDICT IN CANCER SUIT TIED TO TALC; 16/03/2018 – Johnson & Johnson Sees Deal Closing by End of 2018 If Offer Accepted; 24/04/2018 – CN RAIL CEO JJ RUEST SPEAKS IN INTERVIEW IN TORONTO; 24/05/2018 – Is Hank Fuchs tearing up about JJ?

Clifford Swan Investment Counsel Llc decreased its stake in Intuit Inc. (INTU) by 4.96% based on its latest 2018Q2 regulatory filing with the SEC. Clifford Swan Investment Counsel Llc sold 3,162 shares as the company’s stock rose 8.61% with the market. The institutional investor held 60,607 shares of the prepackaged software company at the end of 2018Q2, valued at $12.38M, down from 63,769 at the end of the previous reported quarter. Clifford Swan Investment Counsel Llc who had been investing in Intuit Inc. for a number of months, seems to be less bullish one the $58.90 billion market cap company. The stock decreased 0.03% or $0.07 during the last trading session, reaching $227.71. About 1.12M shares traded. Intuit Inc. (NASDAQ:INTU) has risen 58.51% since September 14, 2017 and is uptrending. It has outperformed by 42.89% the S&P500. Some Historical INTU News: 25/04/2018 – INTUIT SEES YEAR CONSUMER GROUP REV. GROWTH OF 12 TO 13%; 15/05/2018 – Lindsell Cuts Kraft Heinz, Buys More Intuit: 13F; 22/05/2018 – INTUIT INC INTU.O FY2018 SHR VIEW $5.43, REV VIEW $5.79 BLN — THOMSON REUTERS l/B/E/S; 25/04/2018 – INTUIT INC – NOW EXPECTS FULL-YEAR FISCAL 2018 CONSUMER GROUP REVENUE GROWTH OF 12 TO 13 PERCENT; 25/04/2018 – INTUIT REPORTS 6 PERCENT INCREASE IN TURBOTAX ONLINE UNITS: RAISES FULL-YEAR CONSUMER GROUP GUIDANCE RANGE; 22/05/2018 – Intuit 3Q EPS $4.59; 27/03/2018 – INTUIT SR UNSECURED RTG RAISED TO A3 FROM Baa1 BY MOODY’S; 17/05/2018 – SF Business Times: Exclusive: #HRtech company @glintinc adds @Intuit / $INTU exec as its first independent board member; 22/05/2018 – Intuit Raises FY View To Rev $5.915B-$5.935B; 22/05/2018 – Intuit Sees 4Q Rev $940-$960

Since March 15, 2018, it had 0 insider purchases, and 14 selling transactions for $166.98 million activity. STANSBURY HENRY TAYLOE sold $6.64 million worth of stock or 31,396 shares. $44.32 million worth of Intuit Inc. (NASDAQ:INTU) shares were sold by Wernikoff Daniel A. Another trade for 9,292 shares valued at $2.03 million was made by FLOURNOY MARK J on Thursday, August 30. Another trade for 4,554 shares valued at $979,360 was made by POWELL DENNIS D on Tuesday, August 28.

Investors sentiment increased to 1.25 in 2018 Q2. Its up 0.47, from 0.78 in 2018Q1. It improved, as 15 investors sold INTU shares while 243 reduced holdings. 103 funds opened positions while 220 raised stakes. 215.26 million shares or 1.91% less from 219.45 million shares in 2018Q1 were reported. Transamerica owns 0.37% invested in Intuit Inc. (NASDAQ:INTU) for 8,109 shares. Hsbc Public Ltd Co holds 0.09% in Intuit Inc. (NASDAQ:INTU) or 239,300 shares. Zeke Capital Limited Company reported 5,162 shares. Cohen Klingenstein Llc invested 0.58% in Intuit Inc. (NASDAQ:INTU). Capital Advisers Llc stated it has 18,191 shares. Davenport And Commerce Ltd Liability holds 0.37% of its portfolio in Intuit Inc. (NASDAQ:INTU) for 145,890 shares. 236,236 are owned by Smith Asset Management Gru L P. Ameritas Ptnrs accumulated 9,331 shares. Cornerstone Advisors reported 14,000 shares. Gemmer Asset Management Limited Liability Co reported 276 shares or 0.02% of all its holdings. Zacks Investment Management stated it has 0.27% of its portfolio in Intuit Inc. (NASDAQ:INTU). Evercore Wealth Mgmt Limited has invested 0.01% in Intuit Inc. (NASDAQ:INTU). Yorktown Management & Comm Inc holds 0.09% of its portfolio in Intuit Inc. (NASDAQ:INTU) for 1,600 shares. Moreover, Godshalk Welsh Inc has 2.69% invested in Intuit Inc. (NASDAQ:INTU) for 12,595 shares. Comerica National Bank & Trust, a Michigan-based fund reported 85,575 shares.

Among 25 analysts covering Intuit (NASDAQ:INTU), 12 have Buy rating, 3 Sell and 10 Hold. Therefore 48% are positive. Intuit had 113 analyst reports since August 10, 2015 according to SRatingsIntel. The company was maintained on Friday, August 24 by Stifel Nicolaus. The firm has “Buy” rating by Citigroup given on Wednesday, August 24. Oppenheimer maintained the shares of INTU in report on Friday, August 24 with “Outperform” rating. The stock of Intuit Inc. (NASDAQ:INTU) has “Buy” rating given on Tuesday, October 31 by Jefferies. The firm has “Hold” rating by Moffett Nathanson given on Wednesday, September 6. The firm has “Hold” rating given on Thursday, February 22 by RBC Capital Markets. The stock has “Outperform” rating by Credit Suisse on Monday, March 12. The firm has “Buy” rating by Stifel Nicolaus given on Tuesday, June 19. The rating was maintained by Wedbush with “Neutral” on Friday, November 20. The company was maintained on Friday, October 27 by Oppenheimer.

More notable recent Intuit Inc. (NASDAQ:INTU) news were published by: Seekingalpha.com which released: “Intuit: Looking Ahead To FY19 Risks” on August 25, 2018, also Seekingalpha.com with their article: “Intuit -3% on downside guidance, CEO leaving role” published on August 23, 2018, Seekingalpha.com published: “Intuit Inc. 2018 Q4 – Results – Earnings Call Slides” on August 24, 2018. More interesting news about Intuit Inc. (NASDAQ:INTU) were released by: Seekingalpha.com and their article: “Intuit: Why Are Executives Leaving?” published on August 30, 2018 as well as Fool.com‘s news article titled: “2 Reasons Intuit Can Keep Delivering Strong Growth” with publication date: August 25, 2018.

Analysts await Intuit Inc. (NASDAQ:INTU) to report earnings on November, 19. They expect $-0.15 EPS, down 7.14% or $0.01 from last year’s $-0.14 per share. After $0.04 actual EPS reported by Intuit Inc. for the previous quarter, Wall Street now forecasts -475.00% negative EPS growth.

Clifford Swan Investment Counsel Llc, which manages about $2.29 billion and $1.79B US Long portfolio, upped its stake in The Walt Disney Company (NYSE:DIS) by 8,952 shares to 222,541 shares, valued at $23.32M in 2018Q2, according to the filing. It also increased its holding in At&T Inc. (NYSE:T) by 41,091 shares in the quarter, for a total of 241,549 shares, and has risen its stake in Johnson & Johnson (NYSE:JNJ).

Among 24 analysts covering Johnson & Johnson (NYSE:JNJ), 11 have Buy rating, 4 Sell and 9 Hold. Therefore 46% are positive. Johnson & Johnson had 104 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was maintained by Jefferies on Thursday, July 14 with “Hold”. As per Wednesday, July 20, the company rating was upgraded by Argus Research. The stock of Johnson & Johnson (NYSE:JNJ) has “Buy” rating given on Monday, October 9 by Wells Fargo. Argus Research maintained it with “Buy” rating and $130 target in Wednesday, April 20 report. The rating was maintained by Barclays Capital with “Equal-Weight” on Wednesday, October 18. Cowen & Co maintained it with “Outperform” rating and $114 target in Tuesday, August 25 report. On Wednesday, April 18 the stock rating was maintained by Wells Fargo with “Buy”. Atlantic Securities initiated the stock with “Neutral” rating in Friday, December 18 report. The rating was maintained by Barclays Capital on Wednesday, April 20 with “Overweight”. The company was maintained on Wednesday, October 14 by S&P Research.

More notable recent Johnson & Johnson (NYSE:JNJ) news were published by: Seekingalpha.com which released: “Johnson & Johnson (JNJ) Management Presents at Barclays Global Consumer Staples Conference Call (Transcript)” on September 06, 2018, also Seekingalpha.com with their article: “J&J working on India hip compensation” published on September 07, 2018, Seekingalpha.com published: “Johnson & Johnson: Where Is The Path To Gains?” on September 11, 2018. More interesting news about Johnson & Johnson (NYSE:JNJ) were released by: Seekingalpha.com and their article: “Trump Insurance For Johnson & Johnson” published on August 17, 2018 as well as Seekingalpha.com‘s news article titled: “Breakout Alert: Buy Johnson & Johnson” with publication date: August 20, 2018.

Since August 27, 2018, it had 0 insider buys, and 2 sales for $4.99 million activity. On Monday, August 27 the insider Sneed Michael E sold $3.91 million.

Investors sentiment increased to 0.97 in 2018 Q2. Its up 0.04, from 0.93 in 2018Q1. It is positive, as 36 investors sold JNJ shares while 806 reduced holdings. 114 funds opened positions while 704 raised stakes. 1.84 billion shares or 8.07% more from 1.71 billion shares in 2018Q1 were reported. Vontobel Asset Management Inc reported 992,555 shares. Portfolio Solutions Lc reported 0.04% of its portfolio in Johnson & Johnson (NYSE:JNJ). Altfest L J And accumulated 19,216 shares. Bender Robert Associates stated it has 0.31% in Johnson & Johnson (NYSE:JNJ). Buffington Mohr Mcneal stated it has 22,186 shares. The California-based Payden & Rygel has invested 0.1% in Johnson & Johnson (NYSE:JNJ). Butensky & Cohen Security Incorporated invested in 15,727 shares. Thompson Invest Mgmt Incorporated holds 65,254 shares or 1.45% of its portfolio. Citizens And Northern Corporation reported 7,837 shares or 0.68% of all its holdings. Hermes Inv Ltd reported 36,334 shares. Miracle Mile Ltd Company invested 0.04% of its portfolio in Johnson & Johnson (NYSE:JNJ). First Corporation In accumulated 5,064 shares or 0.43% of the stock. Perritt Capital Management Incorporated reported 4,643 shares. Summit Asset Ltd Co holds 0.79% of its portfolio in Johnson & Johnson (NYSE:JNJ) for 13,709 shares. Fiera Capital stated it has 5.13M shares or 2.69% of all its holdings.

Johnson & Johnson (NYSE:JNJ) Institutional Positions Chart

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