Canada Pension Plan Investment Board increased its stake in Johnson & Johnson (NYSE:JNJ) by 33.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,696,566 shares of the company’s stock after buying an additional 1,189,900 shares during the quarter. Johnson & Johnson comprises approximately 1.4% of Canada Pension Plan Investment Board’s holdings, making the stock its 15th largest holding. Canada Pension Plan Investment Board owned approximately 0.17% of Johnson & Johnson worth $621,309,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in JNJ. State Street Corp grew its stake in Johnson & Johnson by 4.3% in the first quarter. State Street Corp now owns 160,223,321 shares of the company’s stock valued at $19,955,806,000 after purchasing an additional 6,656,371 shares during the last quarter. Harbour Capital Advisors LLC boosted its holdings in Johnson & Johnson by 13,327.8% in the second quarter. Harbour Capital Advisors LLC now owns 2,501,472 shares of the company’s stock worth $18,909,000 after acquiring an additional 2,482,843 shares in the last quarter. Bank of Nova Scotia boosted its holdings in Johnson & Johnson by 94.5% in the first quarter. Bank of Nova Scotia now owns 1,171,517 shares of the company’s stock worth $145,914,000 after acquiring an additional 569,313 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Johnson & Johnson in the first quarter worth about $65,598,000. Finally, CIBC World Markets Inc. boosted its holdings in Johnson & Johnson by 111.8% in the first quarter. CIBC World Markets Inc. now owns 948,655 shares of the company’s stock worth $118,155,000 after acquiring an additional 500,662 shares in the last quarter. Institutional investors and hedge funds own 65.90% of the company’s stock.
JNJ has been the subject of several recent analyst reports. J P Morgan Chase & Co raised their price target on Johnson & Johnson from $140.00 to $148.00 and gave the stock an “overweight” rating in a report on Wednesday, August 16th. Jefferies Group set a $145.00 target price on Johnson & Johnson and gave the stock a “hold” rating in a report on Tuesday, August 15th. Cowen set a $147.00 price target on Johnson & Johnson and gave the company a “buy” rating in a research report on Thursday, August 24th. UBS restated an “underweight” rating on shares of Johnson & Johnson in a research report on Thursday, August 24th. Finally, BMO Capital Markets restated a “buy” rating and issued a $145.00 price objective on shares of Johnson & Johnson in a research report on Friday, September 1st. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $144.59.
Johnson & Johnson (NYSE:JNJ) traded down $1.05 on Thursday, reaching $140.01. The company had a trading volume of 4,713,146 shares, compared to its average volume of 5,871,537. Johnson & Johnson has a 1 year low of $109.93 and a 1 year high of $144.35. The company has a current ratio of 1.32, a quick ratio of 1.02 and a debt-to-equity ratio of 0.36. The firm has a market cap of $375,226.25, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 2.84 and a beta of 0.80.
Johnson & Johnson (NYSE:JNJ) last issued its quarterly earnings results on Tuesday, October 17th. The company reported $1.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.80 by $0.10. Johnson & Johnson had a return on equity of 27.38% and a net margin of 21.28%. The company had revenue of $19.65 billion for the quarter, compared to the consensus estimate of $19.29 billion. During the same quarter in the prior year, the business earned $1.68 EPS. Johnson & Johnson’s revenue was up 10.3% on a year-over-year basis. research analysts anticipate that Johnson & Johnson will post 7.28 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders 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 yield of 2.40%. Johnson & Johnson’s dividend payout ratio (DPR) is 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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