Johnson & Johnson (JNJ) Shareholder Capital Wealth Planning Cut Stake by $1.06 Million as Stock Price Rose; As Spirit Realty Capital (SRC) Share Value Rose, Holder Kestrel Investment Management Raised Its Stake

September 14, 2018 - By Alex Paulin

Spirit Realty Capital, Inc. (NYSE:SRC) Logo

Capital Wealth Planning Llc decreased its stake in Johnson & Johnson (JNJ) by 47.24% based on its latest 2018Q2 regulatory filing with the SEC. Capital Wealth Planning Llc sold 8,790 shares as the company’s stock rose 13.64% with the market. The institutional investor held 9,819 shares of the major pharmaceuticals company at the end of 2018Q2, valued at $1.19M, down from 18,609 at the end of the previous reported quarter. Capital Wealth Planning Llc who had been investing in Johnson & Johnson for a number of months, seems to be less bullish one the $373.55B market cap company. The stock decreased 0.46% or $0.65 during the last trading session, reaching $139.24. About 2.13 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: 16/05/2018 – J&J CEO warns of ‘unintended consequences’ of Trump’s drug-price reduction plan; 16/05/2018 – Johnson & Johnson to relaunch baby care line after its 20% sales decline; 17/04/2018 – J&J – EXCLUDING NET IMPACT OF ACQUISITIONS AND DIVESTITURES, ON AN OPERATIONAL BASIS, WORLDWIDE SALES INCREASED 4.3% IN QTR; 20/04/2018 – Johnson & Johnson is betting on vision care and expanding beyond contacts; 24/04/2018 – ELI LILLY – 2018 REV GROWTH STILL EXPECTED TO BE DRIVEN BY NEW PRODUCTS INCLUDING TRULICITY, TALTZ, BASAGLAR, JARDIANCE; 21/05/2018 – J J EXPORTERS LTD JJEX.BO SAYS CO TO CONSIDER WINDING UP OF CO; 17/04/2018 – J&J QTRLY WORLDWIDE INVOKANA/INVOKAMET SALES $248 MLN VS $284 MLN REPORTED LAST YR; 23/05/2018 – JURY ALSO SAID J&J RESPONSIBLE FOR 67% OF PLAINTIFF’S AWARD; 02/05/2018 – Johnson & Johnson Comes in at #1 on the 2018 DiversityInc Top 50 Companies List; 18/05/2018 – Another #Alzheimers drug bites the dust… $JNJ terminates development of its BACE inhibitor atabecestat due to liver tox

Kestrel Investment Management Corp increased its stake in Spirit Realty Capital Inc (SRC) by 38.18% based on its latest 2018Q2 regulatory filing with the SEC. Kestrel Investment Management Corp bought 289,900 shares as the company’s stock rose 4.28% with the market. The institutional investor held 1.05M shares of the consumer services company at the end of 2018Q2, valued at $8.43M, up from 759,300 at the end of the previous reported quarter. Kestrel Investment Management Corp who had been investing in Spirit Realty Capital Inc for a number of months, seems to be bullish on the $3.53B market cap company. The stock decreased 1.20% or $0.1 during the last trading session, reaching $8.23. About 2.52 million shares traded. Spirit Realty Capital, Inc. (NYSE:SRC) has risen 7.20% since September 14, 2017 and is uptrending. It has underperformed by 8.42% the S&P500. Some Historical SRC News: 01/05/2018 – SPIRIT REALTY SEES FY AFFO/SHR 66C TO 68C, EST. 79C; 21/03/2018 – Spirit Realty Capital: Names Ricardo Rodriguez as Chief Fincl Officer of Spirit MTA REIT; 08/05/2018 – Consolidated Research: 2018 Summary Expectations for ONEOK, People’s United Financial, Spirit Realty Capital, Stryker, Ultra Cl; 04/05/2018 – Spirit MTA REIT Publicly Files Second Amendment to Form 10 Registration Statement in Connection with Planned Spin-off from Spir; 10/05/2018 – SPIRIT REALTY CAPITAL – SPIN-OFF IS CURRENTLY ANTICIPATED TO BE COMPLETED ON/ABOUT MAY 31, 2018 AND REMAINS SUBJECT TO CERTAIN CUSTOMARY CONDITIONS; 21/03/2018 – Spirit Realty Capital, Inc. Names Michael Hughes As Chief Financial Officer; 19/04/2018 – DJ Spirit Realty Capital Inc, Inst Holders, 1Q 2018 (SRC); 21/03/2018 – SPIRIT REALTY CAPITAL INC – NAMES RICARDO RODRIGUEZ AS CHIEF FINANCIAL OFFICER OF SPIRIT MTA REIT; 21/03/2018 – SPIRIT REALTY CAPITAL – MOST RECENTLY, HUGHES WAS CFO AT FELCOR LODGING TRUST; 01/05/2018 – SPIRIT REALTY 1Q REV. $165.3M, EST. $165.0M

Since March 15, 2018, it had 1 buy, and 0 selling transactions for $24,634 activity. 7,500 shares were bought by GILCHRIST RICHARD I, worth $60,000 on Thursday, March 15.

Among 18 analysts covering Spirit Realty Capital (NYSE:SRC), 6 have Buy rating, 0 Sell and 12 Hold. Therefore 33% are positive. Spirit Realty Capital had 58 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Friday, May 5 by UBS. The stock has “Underperform” rating by Bank of America on Monday, December 5. On Tuesday, April 24 the stock rating was maintained by JP Morgan with “Neutral”. The company was maintained on Thursday, November 2 by Ladenburg. The firm has “Buy” rating by UBS given on Monday, September 26. FBR Capital initiated Spirit Realty Capital, Inc. (NYSE:SRC) on Wednesday, January 4 with “Outperform” rating. On Thursday, August 4 the stock rating was maintained by UBS with “Buy”. On Friday, May 5 the stock rating was downgraded by Mizuho to “Underperform”. The firm earned “Buy” rating on Tuesday, May 10 by Wunderlich. Bank of America upgraded Spirit Realty Capital, Inc. (NYSE:SRC) on Wednesday, August 16 to “Buy” rating.

Investors sentiment decreased to 0.99 in Q2 2018. Its down 0.09, from 1.08 in 2018Q1. It worsened, as 23 investors sold SRC shares while 98 reduced holdings. 52 funds opened positions while 68 raised stakes. 382.12 million shares or 2.99% less from 393.89 million shares in 2018Q1 were reported. Qci Asset Inc Ny invested 0.01% in Spirit Realty Capital, Inc. (NYSE:SRC). Wellington Mngmt Group Limited Liability Partnership stated it has 0% in Spirit Realty Capital, Inc. (NYSE:SRC). Metropolitan Life Ins Com New York stated it has 34,520 shares. Cubist Systematic Strategies Limited Liability Company holds 0.05% or 115,641 shares. Moreover, Parkside Retail Bank And has 0% invested in Spirit Realty Capital, Inc. (NYSE:SRC) for 166 shares. Tricadia Management Llc holds 954,043 shares. Art Advsr Limited Liability Corp holds 0.18% of its portfolio in Spirit Realty Capital, Inc. (NYSE:SRC) for 540,978 shares. Moreover, Vanguard Gp has 0.02% invested in Spirit Realty Capital, Inc. (NYSE:SRC). Chicago Equity Partners Ltd Co owns 1.45M shares or 0.36% of their US portfolio. Prudential Financial holds 0.09% or 7.61 million shares. Nelson Van Denburg Campbell Wealth Group Lc holds 122 shares. Glob Endowment Management Lp reported 0.06% stake. 12,904 are owned by Us Bancshares De. Raymond James & Assoc holds 86,253 shares. Goldman Sachs Group Inc accumulated 2.14 million shares or 0% of the stock.

Capital Wealth Planning Llc, which manages about $380.53 million and $143.66M US Long portfolio, upped its stake in Visa Inc (NYSE:V) by 9,840 shares to 29,775 shares, valued at $3.94 million in 2018Q2, according to the filing. It also increased its holding in Procter & Gamble Co (NYSE:PG) by 10,793 shares in the quarter, for a total of 43,237 shares, and has risen its stake in Chevron Corp (NYSE:CVX).

Analysts await Johnson & Johnson (NYSE:JNJ) to report earnings on October, 16. They expect $2.03 earnings per share, up 6.84% or $0.13 from last year’s $1.9 per share. JNJ’s profit will be $5.45B for 17.15 P/E if the $2.03 EPS becomes a reality. After $2.10 actual earnings per share reported by Johnson & Johnson for the previous quarter, Wall Street now forecasts -3.33% negative EPS growth.

Since August 27, 2018, it had 0 insider purchases, and 2 selling transactions for $4.99 million activity. $1.08 million worth of stock was sold by Kapusta Ronald A on Friday, September 7.

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 Cowen & Co with “Buy” on Tuesday, June 13. BTIG Research maintained the shares of JNJ in report on Tuesday, January 23 with “Sell” rating. The company was initiated on Monday, September 25 by Citigroup. Barclays Capital maintained Johnson & Johnson (NYSE:JNJ) rating on Wednesday, April 20. Barclays Capital has “Overweight” rating and $120 target. Deutsche Bank upgraded the stock to “Buy” rating in Tuesday, September 29 report. The firm earned “Buy” rating on Thursday, August 24 by Cowen & Co. Wells Fargo maintained Johnson & Johnson (NYSE:JNJ) rating on Wednesday, October 18. Wells Fargo has “Buy” rating and $155.0 target. Jefferies maintained Johnson & Johnson (NYSE:JNJ) on Tuesday, August 15 with “Hold” rating. The stock of Johnson & Johnson (NYSE:JNJ) earned “Hold” rating by Jefferies on Thursday, July 14. The stock of Johnson & Johnson (NYSE:JNJ) earned “Buy” rating by Credit Suisse on Thursday, April 12.

Investors sentiment increased to 0.97 in 2018 Q2. Its up 0.04, from 0.93 in 2018Q1. It improved, 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. Alliancebernstein Limited Partnership reported 0.58% in Johnson & Johnson (NYSE:JNJ). 46,729 were reported by Addison Capital Com. Cortland Mo holds 3,999 shares. Kelly Lawrence W & Associates Incorporated Ca owns 140,485 shares or 3.14% of their US portfolio. Karpus Management Inc owns 2,460 shares or 0.01% of their US portfolio. Boston Private Wealth Limited Liability Com accumulated 268,791 shares or 1.25% of the stock. Kdi Cap Prtn Ltd invested 3.29% in Johnson & Johnson (NYSE:JNJ). Commercial Bank Pictet & Cie (Asia) reported 87,000 shares. Edgemoor Investment Advsrs Incorporated holds 1.24% of its portfolio in Johnson & Johnson (NYSE:JNJ) for 76,460 shares. Tealwood Asset Mgmt holds 1.59% or 33,439 shares. 83,473 are owned by Baltimore. Tru Company Of Virginia Va reported 103,078 shares. Shayne Ltd Liability Com stated it has 1,800 shares or 0.16% of all its holdings. Captrust Fincl Advsrs holds 1.02% of its portfolio in Johnson & Johnson (NYSE:JNJ) for 151,091 shares. Wall Street Access Asset Limited Liability reported 6,248 shares.

More important recent Johnson & Johnson (NYSE:JNJ) news were published by: Seekingalpha.com which released: “Trump Insurance For Johnson & Johnson” on August 17, 2018, also Seekingalpha.com published article titled: “Johnson & Johnson (JNJ) Management Presents at Barclays Global Consumer Staples Conference Call (Transcript)”, Seekingalpha.com published: “J&J working on India hip compensation” on September 07, 2018. More interesting news about Johnson & Johnson (NYSE:JNJ) was released by: Seekingalpha.com and their article: “Breakout Alert: Buy Johnson & Johnson” with publication date: August 20, 2018.

Spirit Realty Capital, Inc. (NYSE:SRC) Institutional Positions Chart

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