Investors Sell Shares of Johnson & Johnson (JNJ) on Strength (JNJ)

Traders sold shares of Johnson & Johnson (NYSE:JNJ) on strength during trading on Wednesday. $127.21 million flowed into the stock on the tick-up and $296.24 million flowed out of the stock on the tick-down, for a money net flow of $169.03 million out of the stock. Of all stocks tracked, Johnson & Johnson had the 0th highest net out-flow for the day. Johnson & Johnson traded up $0.72 for the day and closed at $142.36

JNJ has been the subject of several recent research reports. Morgan Stanley boosted their price target on Johnson & Johnson from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, July 5th. Cowen and Company reiterated an “outperform” rating and set a $155.00 target price (up from $147.00) on shares of Johnson & Johnson in a research report on Wednesday, October 18th. UBS AG reiterated a “buy” rating and set a $148.00 target price on shares of Johnson & Johnson in a research report on Thursday, August 31st. BidaskClub downgraded Johnson & Johnson from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 1st. Finally, Zacks Investment Research upgraded Johnson & Johnson from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $143.70.

The stock has a 50-day moving average price of $134.68 and a 200 day moving average price of $131.18. The stock has a market capitalization of $376.78 billion, a price-to-earnings ratio of 24.41 and a beta of 0.78.

Johnson & Johnson (NYSE:JNJ) last released its quarterly earnings results on Tuesday, October 17th. The company reported $1.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.80 by $0.10. Johnson & Johnson had a return on equity of 27.68% and a net margin of 21.28%. The business had revenue of $19.65 billion for the quarter, compared to the consensus estimate of $19.29 billion. During the same quarter last year, the business posted $1.68 earnings per share. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. Equities analysts forecast that Johnson & Johnson will post $7.28 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 28th will be given a dividend of $0.84 per share. The ex-dividend date of this dividend is Monday, November 27th. This represents a $3.36 dividend on an annualized basis and a yield of 2.37%. Johnson & Johnson’s payout ratio is 58.33%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Harding Loevner LP purchased a new stake in Johnson & Johnson during the second quarter valued at about $106,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in Johnson & Johnson by 29.9% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 870 shares of the company’s stock valued at $115,000 after purchasing an additional 200 shares in the last quarter. Lenox Wealth Advisors Inc. raised its position in Johnson & Johnson by 0.6% during the second quarter. Lenox Wealth Advisors Inc. now owns 876 shares of the company’s stock valued at $116,000 after purchasing an additional 5 shares in the last quarter. IHT Wealth Management LLC raised its position in Johnson & Johnson by 46.4% during the second quarter. IHT Wealth Management LLC now owns 10,942 shares of the company’s stock valued at $122,000 after purchasing an additional 3,467 shares in the last quarter. Finally, Mountain Capital Investment Advisors Inc purchased a new stake in Johnson & Johnson during the second quarter valued at about $124,000. Institutional investors and hedge funds own 65.89% of the company’s stock.

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Johnson & Johnson Company Profile

Johnson & Johnson is a holding company, which is engaged in the research and development, manufacture and sale of a range of products in the healthcare field. It operates through three segments: Consumer, Pharmaceutical and Medical Devices. Its primary focus is products related to human health and well-being.

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