Traders Sell Shares of Johnson & Johnson (JNJ) on Strength (JNJ)

Investors sold shares of Johnson & Johnson (NYSE:JNJ) on strength during trading hours on Friday. $92.42 million flowed into the stock on the tick-up and $222.61 million flowed out of the stock on the tick-down, for a money net flow of $130.19 million out of the stock. Of all companies tracked, Johnson & Johnson had the 9th highest net out-flow for the day. Johnson & Johnson traded up $2.11 for the day and closed at $132.02

A number of analysts have commented on the stock. Vetr upgraded shares of Johnson & Johnson from a “buy” rating to a “strong-buy” rating and set a $152.28 price objective for the company in a report on Monday, February 5th. Stifel Nicolaus increased their price objective on shares of Johnson & Johnson from $142.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday, January 24th. BTIG Research reiterated a “sell” rating and issued a $110.00 price objective on shares of Johnson & Johnson in a report on Wednesday, January 24th. Credit Suisse Group set a $154.00 price objective on shares of Johnson & Johnson and gave the company a “hold” rating in a report on Monday, January 22nd. Finally, Wells Fargo & Co reiterated an “outperform” rating and issued a $160.00 price objective (up previously from $155.00) on shares of Johnson & Johnson in a report on Friday, January 12th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $146.16.

The company has a debt-to-equity ratio of 0.36, a current ratio of 1.32 and a quick ratio of 1.02. The firm has a market capitalization of $354,670.00, a PE ratio of 24.31, a price-to-earnings-growth ratio of 2.18 and a beta of 0.74.

Johnson & Johnson (NYSE:JNJ) last posted its quarterly earnings data on Tuesday, January 23rd. The company reported $1.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.72 by $0.02. The firm had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.08 billion. Johnson & Johnson had a net margin of 1.70% and a return on equity of 27.80%. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the company posted $1.58 EPS. research analysts anticipate that Johnson & Johnson will post 8.11 EPS for the current year.

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.55%. Johnson & Johnson’s payout ratio is currently 61.88%.

In related news, VP Paulus Stoffels sold 155,342 shares of the stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 357,906 shares of the company’s stock, valued at approximately $46,477,673.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.19% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Johnson & Johnson by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 200,450,985 shares of the company’s stock worth $26,517,661,000 after buying an additional 3,023,110 shares in the last quarter. BlackRock Inc. lifted its holdings in Johnson & Johnson by 2.6% during the 2nd quarter. BlackRock Inc. now owns 174,073,764 shares of the company’s stock worth $23,028,219,000 after buying an additional 4,332,612 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Johnson & Johnson by 0.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 36,594,054 shares of the company’s stock worth $4,757,593,000 after buying an additional 130,437 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Johnson & Johnson by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 30,521,157 shares of the company’s stock worth $4,256,109,000 after buying an additional 939,488 shares in the last quarter. Finally, FMR LLC lifted its holdings in Johnson & Johnson by 5.9% during the 2nd quarter. FMR LLC now owns 27,237,648 shares of the company’s stock worth $3,603,268,000 after buying an additional 1,509,745 shares in the last quarter. 65.58% of the stock is 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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