There was a 30.16 percent concentration of assets in the top 10 holdings at Hourglass Capital, which reported $298.62 million in long positions. During the fourth quarter, the hedge fund bought four stocks, increased stakes in twelve, sold seven, and decreased holdings in 59 securities. Johnson & Johnson stock is owned by Kenneth A. Moffet’s Hourglass Capital in the amount of 13,475 shares. To put it another way, it accounts for 0.77 percent of the Q4 portfolio. Analyst Jayson Bedford at Raymond James raised his price target for JNJ to $185 from $178 on January 26.
Here is Insider Monkey’s look at the top 10 stock picks of Kenneth A. Moffet’s Hourglass Capital. There has been a decrease in hedge fund sentiment for The Home Depot, Inc. At the end of the third quarter, there were 58 long positions in hedge funds, down from 64 positions in the previous quarter. During the fourth quarter of 2021, a hedge fund owned more than $7.35 million worth of shares in the company. Healthcare, Inc. operates hospitals, emergency rooms, freestanding surgery centers, and urgent care centers. Broadcom, Inc. is a multinational semiconductor and infrastructure software company based in Irvine, California. Cantillon Capital Management is the company’s largest shareholder as of the fourth quarter of 2021, with approximately 1.01 million shares valued at $669.40 million. This quarter, Schlumberger announced that it would be paying a quarterly dividend of $0.125 per share. In comparison to the previous year, the company’s revenue grew by 12.5 percent to $6.22 billion, exceeding expectations by $130 million. Fisher Asset Management, headed by Ken Fisher, holds the largest number of shares in Cisco Systems, Inc., with 12.78 million shares worth $809.79 million in total. For more details, click Top 10 Stock Picks Of Kenneth A. Moffet’s Hourglass Capital.