Argi Investment Services Cut Stake in Johnson & Johnson Com (JNJ) by $692,748; As Sysco (SYY) Market Valuation Rose, Callahan Advisors Boosted Holding

February 20, 2018 - By wolcottdaily

Argi Investment Services Llc decreased its stake in Johnson & Johnson Com (JNJ) by 37.09% based on its latest 2017Q3 regulatory filing with the SEC. Argi Investment Services Llc sold 5,498 shares as the company’s stock rose 6.85% with the market. The institutional investor held 9,324 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $1.18M, down from 14,822 at the end of the previous reported quarter. Argi Investment Services Llc who had been investing in Johnson & Johnson Com for a number of months, seems to be less bullish one the $352.89 billion market cap company. The stock decreased 1.35% or $1.8 during the last trading session, reaching $131.35. About 3.11 million shares traded. Johnson & Johnson (NYSE:JNJ) has risen 12.54% since February 20, 2017 and is uptrending. It has underperformed by 4.16% the S&P500.

Callahan Advisors Llc increased its stake in Sysco Corporation (SYY) by 23.01% based on its latest 2017Q3 regulatory filing with the SEC. Callahan Advisors Llc bought 9,545 shares as the company’s stock rose 4.26% with the market. The institutional investor held 51,031 shares of the food distributors company at the end of 2017Q3, valued at $2.75 million, up from 41,486 at the end of the previous reported quarter. Callahan Advisors Llc who had been investing in Sysco Corporation for a number of months, seems to be bullish on the $30.73 billion market cap company. The stock decreased 1.88% or $1.13 during the last trading session, reaching $58.87. About 941,652 shares traded. Sysco Corporation (NYSE:SYY) has risen 11.23% since February 20, 2017 and is uptrending. It has underperformed by 5.47% the S&P500.




Argi Investment Services Llc, which manages about $991.47 million and $1.45B US Long portfolio, upped its stake in S&P 500 Spx Dec 15 17 2375.0 C (Call) (SPY) by 22,600 shares to 100,000 shares, valued at $5.06M in 2017Q3, according to the filing. It also increased its holding in Vaneck Vectors High Yield Muni Indx Etf by 10,069 shares in the quarter, for a total of 70,854 shares, and has risen its stake in Oppenheimer Small Cap Revenue Etf.

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. The firm earned “Buy” rating on Thursday, August 31 by UBS. The firm has “Hold” rating by Jefferies given on Thursday, August 4. The rating was maintained by BMO Capital Markets with “Buy” on Monday, July 10. The company was maintained on Wednesday, January 24 by Stifel Nicolaus. As per Wednesday, October 18, the company rating was maintained by Leerink Swann. Jefferies maintained it with “Hold” rating and $14500 target in Friday, July 14 report. The stock has “Hold” rating by Stifel Nicolaus on Wednesday, October 18. Goldman Sachs downgraded Johnson & Johnson (NYSE:JNJ) on Wednesday, September 20 to “Sell” rating. The stock of Johnson & Johnson (NYSE:JNJ) earned “Overweight” rating by JP Morgan on Monday, May 15. The stock of Johnson & Johnson (NYSE:JNJ) earned “Outperform” rating by Cowen & Co on Tuesday, August 25.

Investors sentiment is 0.83 in Q3 2017. Its the same as in 2017Q2. It is the same, 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. Los Angeles Cap Mgmt & Equity holds 1.17 million shares or 0.88% of its portfolio. New York-based Tortoise Mngmt Limited Com has invested 0.17% in Johnson & Johnson (NYSE:JNJ). Cullen Frost Bankers Inc holds 0.87% of its portfolio in Johnson & Johnson (NYSE:JNJ) for 205,081 shares. C M Bidwell & Assoc Ltd holds 0.04% or 203 shares in its portfolio. Bluefin Trading Lc, New York-based fund reported 3,500 shares. 61,751 are owned by Wetherby Asset Mgmt. Norman Fields Gottscho Capital Mngmt Limited Liability has invested 0.51% in Johnson & Johnson (NYSE:JNJ). Waters Parkerson & Ltd Limited Liability Company invested in 161,017 shares. Iberiabank Corporation stated it has 1.52% of its portfolio in Johnson & Johnson (NYSE:JNJ). 2,652 are owned by Lathrop Invest Mgmt Corporation. Aspen Invest holds 14,133 shares or 1.36% of its portfolio. Hamilton Point Advsrs Lc holds 2.34% or 33,264 shares. 83,307 are held by Congress Asset Mngmt Ma. Patten Gp Inc has 1.38% invested in Johnson & Johnson (NYSE:JNJ) for 82,946 shares. Capital Advsrs Ok reported 0.63% of its portfolio in Johnson & Johnson (NYSE:JNJ).

Since August 23, 2017, it had 2 buys, and 17 insider sales for $23.89 million activity. $4.92M worth of Sysco Corporation (NYSE:SYY) was sold by Bertrand Greg D. On Tuesday, September 12 Shurts Wayne sold $831,012 worth of Sysco Corporation (NYSE:SYY) or 15,600 shares. Libby Russell T. had sold 13,334 shares worth $809,240. 372,314 Sysco Corporation (NYSE:SYY) shares with value of $19.77 million were sold by Frank Joshua D.. 16,345 Sysco Corporation (NYSE:SYY) shares with value of $993,122 were sold by Goetz William W. PELTZ NELSON bought 889,561 shares worth $47.75M.

Callahan Advisors Llc, which manages about $289.56M and $475.59 million US Long portfolio, decreased its stake in Allegiance Bancshare by 9,820 shares to 50,618 shares, valued at $1.86 million in 2017Q3, according to the filing. It also reduced its holding in Sch St Us Trsr Etf (SCHO) by 31,088 shares in the quarter, leaving it with 156,929 shares, and cut its stake in Cracker Barrel Old Ctry (NASDAQ:CBRL).

Investors sentiment decreased to 0.78 in 2017 Q3. Its down 0.09, from 0.87 in 2017Q2. It dived, as 61 investors sold SYY shares while 345 reduced holdings. 66 funds opened positions while 249 raised stakes. 409.47 million shares or 1.25% less from 414.66 million shares in 2017Q2 were reported. Natl Asset Incorporated reported 13,242 shares. Massachusetts-based Wellington Management Group Llp has invested 0.03% in Sysco Corporation (NYSE:SYY). Bp Public Limited holds 0.12% in Sysco Corporation (NYSE:SYY) or 65,000 shares. Woodstock stated it has 0.97% of its portfolio in Sysco Corporation (NYSE:SYY). Tompkins Fin holds 0.03% or 2,580 shares in its portfolio. Janney Limited Liability Company, a Pennsylvania-based fund reported 11,438 shares. Union Retail Bank Corp reported 16,150 shares. Old Republic reported 627,400 shares. 88,687 are owned by Exxonmobil Inv Management Tx. Morgan Stanley has 2.16 million shares. Federated Invsts Pa stated it has 0% in Sysco Corporation (NYSE:SYY). Moreover, Bartlett & Ltd Liability Corporation has 0.28% invested in Sysco Corporation (NYSE:SYY) for 125,857 shares. Chevy Chase Tru Holding Inc accumulated 428,658 shares. Los Angeles Cap Management & Equity stated it has 619,267 shares. Northstar Asset Management Limited Liability Company holds 8,200 shares or 0.19% of its portfolio.

Among 20 analysts covering Sysco Corporation (NYSE:SYY), 11 have Buy rating, 0 Sell and 9 Hold. Therefore 55% are positive. Sysco Corporation had 56 analyst reports since August 6, 2015 according to SRatingsIntel. Jefferies maintained Sysco Corporation (NYSE:SYY) on Monday, February 5 with “Hold” rating. RBC Capital Markets maintained it with “Hold” rating and $5000 target in Friday, August 11 report. Jefferies maintained Sysco Corporation (NYSE:SYY) rating on Tuesday, June 20. Jefferies has “Hold” rating and $5100 target. The stock has “Equal Weight” rating by Barclays Capital on Thursday, November 10. The company was upgraded on Monday, February 6 by Credit Suisse. On Thursday, September 28 the stock rating was maintained by Jefferies with “Hold”. Clevland Research upgraded the stock to “Neutral” rating in Friday, March 11 report. Jefferies maintained the shares of SYY in report on Thursday, December 7 with “Hold” rating. On Monday, February 5 the stock rating was maintained by BMO Capital Markets with “Buy”. The rating was initiated by Wells Fargo with “Outperform” on Thursday, November 19.

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