Johnson & Johnson (NYSE:JNJ) Shares Sold by Tukman Grossman Capital Management Inc.

Tukman Grossman Capital Management Inc. cut its stake in Johnson & Johnson (NYSE:JNJ) by 48.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,038 shares of the company’s stock after selling 79,000 shares during the quarter. Johnson & Johnson accounts for about 8.1% of Tukman Grossman Capital Management Inc.’s investment portfolio, making the stock its 3rd largest holding. Tukman Grossman Capital Management Inc.’s holdings in Johnson & Johnson were worth $10,796,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Amarillo National Bank raised its position in shares of Johnson & Johnson by 7.3% during the third quarter. Amarillo National Bank now owns 6,071 shares of the company’s stock valued at $789,000 after buying an additional 411 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services raised its position in shares of Johnson & Johnson by 2.6% during the third quarter. First National Bank of Mount Dora Trust Investment Services now owns 53,176 shares of the company’s stock valued at $6,914,000 after buying an additional 1,350 shares during the last quarter. Curbstone Financial Management Corp raised its position in shares of Johnson & Johnson by 99.1% during the third quarter. Curbstone Financial Management Corp now owns 30,400 shares of the company’s stock valued at $3,952,000 after buying an additional 15,134 shares during the last quarter. Bogart Wealth LLC increased its position in Johnson & Johnson by 6.7% in the second quarter. Bogart Wealth LLC now owns 6,006 shares of the company’s stock worth $795,000 after purchasing an additional 378 shares during the last quarter. Finally, MPS Loria Financial Planners LLC bought a new stake in Johnson & Johnson in the second quarter worth $1,415,000. Hedge funds and other institutional investors own 65.70% of the company’s stock.

JNJ has been the topic of several research reports. Jefferies Group boosted their price target on shares of Johnson & Johnson from $157.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, October 16th. UBS Group reiterated a “buy” rating and set a $148.00 price objective on shares of Johnson & Johnson in a research report on Saturday, September 30th. Cowen set a $147.00 price objective on shares of Johnson & Johnson and gave the company a “buy” rating in a research report on Friday, October 6th. Citigroup boosted their price objective on shares of Johnson & Johnson from $140.00 to $149.00 and gave the company a “buy” rating in a research report on Monday, October 23rd. Finally, Vetr raised shares of Johnson & Johnson from a “hold” rating to a “buy” rating and set a $147.14 target price for the company in a research note on Wednesday, December 20th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $145.52.

Johnson & Johnson (NYSE:JNJ) traded up $0.82 during trading on Thursday, reaching $144.79. The company’s stock had a trading volume of 4,909,300 shares, compared to its average volume of 5,920,000. Johnson & Johnson has a 1-year low of $110.76 and a 1-year high of $145.68. The stock has a market cap of $388,980.00, a price-to-earnings ratio of 25.14, a PEG ratio of 2.67 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 announced its earnings results on Tuesday, October 17th. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.10. The firm had revenue of $19.65 billion for the quarter, compared to analyst estimates of $19.29 billion. Johnson & Johnson had a return on equity of 27.38% and a net margin of 21.28%. The business’s revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.68 EPS. sell-side analysts forecast that Johnson & Johnson will post 7.28 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Tuesday, February 27th will be issued a $0.84 dividend. The ex-dividend date of this dividend is Monday, February 26th. This represents a $3.36 dividend on an annualized basis and a yield of 2.32%. Johnson & Johnson’s payout ratio is currently 58.33%.

TRADEMARK VIOLATION WARNING: “Johnson & Johnson (NYSE:JNJ) Shares Sold by Tukman Grossman Capital Management Inc.” was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://www.dispatchtribunal.com/2018/01/11/johnson-johnson-jnj-shares-sold-by-tukman-grossman-capital-management-inc.html.

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.

Institutional Ownership by Quarter for Johnson & Johnson (NYSE:JNJ)

Receive News & Ratings for Johnson & Johnson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Johnson & Johnson and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply