Williams Jones Wealth Management LLC. increased its stake in Johnson & Johnson (NYSE:JNJ – Get Rating) by 3.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 928,877 shares of the company’s stock after purchasing an additional 33,579 shares during the period. Johnson & Johnson accounts for about 2.3% of Williams Jones Wealth Management LLC.’s portfolio, making the stock its 10th largest position. Williams Jones Wealth Management LLC.’s holdings in Johnson & Johnson were worth $164,625,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Family CFO Inc acquired a new stake in Johnson & Johnson during the 4th quarter valued at approximately $26,000. RE Dickinson Investment Advisors LLC lifted its stake in Johnson & Johnson by 163.3% during the 1st quarter. RE Dickinson Investment Advisors LLC now owns 158 shares of the company’s stock valued at $28,000 after acquiring an additional 98 shares during the period. Advanced Research Investment Solutions LLC lifted its stake in Johnson & Johnson by 200.0% during the 1st quarter. Advanced Research Investment Solutions LLC now owns 180 shares of the company’s stock valued at $32,000 after acquiring an additional 120 shares during the period. Professional Financial Advisors LLC lifted its stake in Johnson & Johnson by 47.9% during the 1st quarter. Professional Financial Advisors LLC now owns 210 shares of the company’s stock valued at $37,000 after acquiring an additional 68 shares during the period. Finally, Joseph P. Lucia & Associates LLC acquired a new stake in Johnson & Johnson during the 1st quarter valued at approximately $38,000. 68.59% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
JNJ has been the subject of several research reports. Citigroup decreased their price objective on shares of Johnson & Johnson from $205.00 to $201.00 in a research note on Wednesday, July 20th. Morgan Stanley lifted their target price on shares of Johnson & Johnson from $173.00 to $174.00 and gave the company an “equal weight” rating in a report on Friday, July 8th. Daiwa Capital Markets began coverage on shares of Johnson & Johnson in a report on Wednesday, June 22nd. They set an “outperform” rating for the company. SVB Leerink cut their target price on shares of Johnson & Johnson from $200.00 to $194.00 in a report on Wednesday, July 20th. Finally, Wells Fargo & Company lifted their target price on shares of Johnson & Johnson from $190.00 to $195.00 and gave the company an “overweight” rating in a report on Wednesday, July 13th. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $189.89.
Johnson & Johnson Price Performance
Shares of NYSE JNJ opened at $165.71 on Friday. The firm has a market cap of $435.68 billion, a PE ratio of 24.12, a PEG ratio of 3.12 and a beta of 0.61. The firm has a fifty day moving average of $170.32 and a 200 day moving average of $174.16. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.17 and a current ratio of 1.42. Johnson & Johnson has a one year low of $155.72 and a one year high of $186.69.
Johnson & Johnson (NYSE:JNJ – Get Rating) last issued its quarterly earnings results on Tuesday, July 19th. The company reported $2.59 EPS for the quarter, topping the consensus estimate of $2.57 by $0.02. The company had revenue of $24.02 billion during the quarter, compared to analyst estimates of $23.85 billion. Johnson & Johnson had a net margin of 19.21% and a return on equity of 36.14%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.48 EPS. As a group, research analysts predict that Johnson & Johnson will post 10.05 EPS for the current fiscal year.
Johnson & Johnson Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Tuesday, August 23rd were issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.73%. The ex-dividend date was Monday, August 22nd. Johnson & Johnson’s payout ratio is presently 65.79%.
Johnson & Johnson Profile
Johnson & Johnson, together with its subsidiaries, researches and develops, manufactures, and sells various products in the healthcare field worldwide. The company’s Consumer Health segment offers baby care products under the JOHNSON’S and AVEENO Baby brands; oral care products under the LISTERINE brand; skin health/beauty products under the AVEENO, CLEAN & CLEAR, DR.
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