Arthur M. Cohen & Associates LLC cut its holdings in Johnson & Johnson (NYSE:JNJ) by 6.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,690 shares of the company’s stock after selling 2,597 shares during the quarter. Johnson & Johnson makes up 2.1% of Arthur M. Cohen & Associates LLC’s holdings, making the stock its 10th biggest holding. Arthur M. Cohen & Associates LLC’s holdings in Johnson & Johnson were worth $5,409,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. Lenox Wealth Advisors Inc. boosted its stake in shares of 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. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Johnson & Johnson by 241.0% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,190 shares of the company’s stock valued at $149,000 after purchasing an additional 841 shares in the last quarter. Ullmann Financial Group Inc. acquired a new stake in shares of Johnson & Johnson during the first quarter valued at about $186,000. Taylor Wealth Management Partners boosted its stake in shares of Johnson & Johnson by 19.8% during the first quarter. Taylor Wealth Management Partners now owns 1,510 shares of the company’s stock valued at $188,000 after purchasing an additional 250 shares in the last quarter. Finally, Puplava Financial Services Inc. acquired a new stake in shares of Johnson & Johnson during the second quarter valued at about $202,000. 66.06% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently commented on JNJ shares. Credit Suisse Group set a $154.00 price target on Johnson & Johnson and gave the company an “outperform” rating in a research note on Thursday, October 19th. Royal Bank of Canada lifted their price objective on Johnson & Johnson from $144.00 to $147.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 18th. Atlantic Securities lowered Johnson & Johnson from a “neutral” rating to an “underweight” rating and set a $113.00 price objective on the stock. in a research note on Friday, July 21st. Jefferies Group LLC reaffirmed a “hold” rating and issued a $145.00 price objective (up from $140.00) on shares of Johnson & Johnson in a research note on Friday, July 14th. Finally, Citigroup Inc. started coverage on Johnson & Johnson in a research note on Monday, September 25th. They issued a “neutral” rating and a $140.00 price objective on the stock. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Johnson & Johnson has an average rating of “Hold” and an average target price of $143.70.
Johnson & Johnson (NYSE JNJ) traded down $0.79 during mid-day trading on Friday, reaching $139.56. The company’s stock had a trading volume of 4,240,400 shares, compared to its average volume of 5,939,647. Johnson & Johnson has a twelve month low of $109.32 and a twelve month high of $144.35. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.02 and a current ratio of 1.32. The stock has a market capitalization of $377,053.09, a PE ratio of 19.66, a P/E/G ratio of 2.85 and a beta of 0.82.
Johnson & Johnson (NYSE:JNJ) last issued its quarterly earnings results on Tuesday, October 17th. The company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.10. Johnson & Johnson had a return on equity of 27.38% and a net margin of 21.28%. The firm had revenue of $19.65 billion for the quarter, compared to analysts’ expectations of $19.29 billion. During the same quarter in the prior year, the firm earned $1.68 EPS. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. equities research 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. Stockholders 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 dividend yield of 2.41%. Johnson & Johnson’s dividend payout ratio is presently 58.33%.
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Johnson & Johnson 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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