Insider Selling: Johnson & Johnson (JNJ) VP Sells 155,342 Shares of Stock

Johnson & Johnson (NYSE:JNJ) VP Paulus Stoffels sold 155,342 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $129.86, for a total transaction of $20,172,712.12. Following the sale, the vice president now owns 357,906 shares of the company’s stock, valued at approximately $46,477,673.16. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Johnson & Johnson (NYSE:JNJ) traded down $2.28 during midday trading on Tuesday, hitting $130.87. 6,562,792 shares of the stock traded hands, compared to its average volume of 9,500,000. Johnson & Johnson has a 12-month low of $118.05 and a 12-month high of $148.32. 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 company has a market cap of $351,580.00, a price-to-earnings ratio of 335.56, a price-to-earnings-growth ratio of 2.23 and a beta of 0.74.

Johnson & Johnson (NYSE:JNJ) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported $1.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.02. The company had revenue of $20.20 billion during the quarter, compared to analyst estimates of $20.08 billion. Johnson & Johnson had a net margin of 1.70% and a return on equity of 27.80%. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.58 earnings per share. equities analysts forecast that Johnson & Johnson will post 8.11 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Tuesday, February 27th will be given a dividend of $0.84 per share. The ex-dividend date of this dividend is Monday, February 26th. This represents a $3.36 annualized dividend and a yield of 2.57%. Johnson & Johnson’s payout ratio is currently 861.54%.

A number of analysts have commented on JNJ shares. Vetr upgraded shares of Johnson & Johnson from a “hold” rating to a “buy” rating and set a $150.89 price target for the company in a research note on Thursday, January 11th. Royal Bank of Canada restated a “buy” rating on shares of Johnson & Johnson in a research note on Tuesday, January 9th. Citigroup boosted their price target on shares of Johnson & Johnson from $140.00 to $149.00 and gave the company a “buy” rating in a research note on Monday, October 23rd. Zacks Investment Research lowered shares of Johnson & Johnson from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Finally, Credit Suisse Group set a $154.00 price target on shares of Johnson & Johnson and gave the company a “hold” rating in a research note on Monday, January 22nd. Four analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $146.16.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Eagle Ridge Investment Management lifted its holdings in Johnson & Johnson by 3.5% during the third quarter. Eagle Ridge Investment Management now owns 27,522 shares of the company’s stock valued at $3,578,000 after purchasing an additional 928 shares during the last quarter. Welch & Forbes LLC lifted its holdings in Johnson & Johnson by 0.9% during the second quarter. Welch & Forbes LLC now owns 718,331 shares of the company’s stock valued at $95,028,000 after purchasing an additional 6,730 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Johnson & Johnson by 0.5% during the second quarter. Janney Montgomery Scott LLC now owns 771,868 shares of the company’s stock valued at $102,110,000 after purchasing an additional 3,533 shares during the last quarter. Oliver Luxxe Assets LLC lifted its holdings in Johnson & Johnson by 12.7% during the second quarter. Oliver Luxxe Assets LLC now owns 17,538 shares of the company’s stock valued at $2,320,000 after purchasing an additional 1,972 shares during the last quarter. Finally, Progressive Investment Management Corp lifted its holdings in Johnson & Johnson by 6.8% during the third quarter. Progressive Investment Management Corp now owns 40,317 shares of the company’s stock valued at $5,242,000 after purchasing an additional 2,584 shares during the last quarter. Institutional investors own 65.58% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This report was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and international copyright legislation. The legal version of this report can be viewed at https://www.dispatchtribunal.com/2018/02/20/insider-selling-johnson-johnson-jnj-vp-sells-155342-shares-of-stock.html.

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.

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