Traders Buy Johnson & Johnson (JNJ) on Weakness

Traders bought shares of Johnson & Johnson (NYSE:JNJ) on weakness during trading on Monday. $202.92 million flowed into the stock on the tick-up and $133.32 million flowed out of the stock on the tick-down, for a money net flow of $69.60 million into the stock. Of all equities tracked, Johnson & Johnson had the 18th highest net in-flow for the day. Johnson & Johnson traded down ($0.97) for the day and closed at $139.01

Several analysts recently weighed in on JNJ shares. Credit Suisse Group set a $154.00 price target on Johnson & Johnson and gave the stock an “outperform” rating in a research note on Thursday, October 19th. Royal Bank Of Canada upped their price target on Johnson & Johnson from $144.00 to $147.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 18th. Citigroup started coverage on Johnson & Johnson in a research note on Monday, September 25th. They issued a “neutral” rating and a $140.00 price target on the stock. Goldman Sachs Group cut Johnson & Johnson from a “neutral” rating to a “sell” rating and upped their price objective for the company from $125.00 to $130.00 in a research report on Wednesday, September 20th. Finally, Jefferies Group raised Johnson & Johnson from a “hold” rating to a “buy” rating and upped their price objective for the company from $145.00 to $157.00 in a research report on Wednesday, October 11th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $144.59.

The firm has a market cap of $373,450.00, a PE ratio of 19.60, a PEG ratio of 2.85 and a beta of 0.80. The company has a current ratio of 1.32, a quick ratio of 1.02 and a debt-to-equity ratio of 0.36.

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 consensus estimate of $1.80 by $0.10. The firm had revenue of $19.65 billion for the quarter, compared to analysts’ expectations of $19.29 billion. Johnson & Johnson had a return on equity of 27.38% and a net margin of 21.28%. The company’s revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.68 EPS. equities research analysts expect that Johnson & Johnson will post 7.28 EPS for the current fiscal 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 issued a dividend of $0.84 per share. The ex-dividend date is Monday, November 27th. This represents a $3.36 annualized dividend and a dividend yield of 2.42%. Johnson & Johnson’s payout ratio is 58.33%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JNJ. Harding Loevner LP purchased a new stake in shares of Johnson & Johnson in the 2nd quarter worth $106,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of Johnson & Johnson by 29.9% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 870 shares of the company’s stock worth $115,000 after purchasing an additional 200 shares in the last quarter. Lenox Wealth Advisors Inc. increased its stake in shares of Johnson & Johnson by 0.6% in the 2nd quarter. Lenox Wealth Advisors Inc. now owns 876 shares of the company’s stock worth $116,000 after purchasing an additional 5 shares in the last quarter. IHT Wealth Management LLC increased its stake in shares of Johnson & Johnson by 46.4% in the 2nd quarter. IHT Wealth Management LLC now owns 10,942 shares of the company’s stock worth $122,000 after purchasing an additional 3,467 shares in the last quarter. Finally, Mountain Capital Investment Advisors Inc purchased a new stake in shares of Johnson & Johnson in the 2nd quarter worth $124,000. 65.90% of the stock is currently owned by hedge funds and other institutional investors.

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About Johnson & Johnson

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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