D.A. Davidson & CO. Raises Stake in Johnson & Johnson (JNJ)

D.A. Davidson & CO. lifted its stake in shares of Johnson & Johnson (NYSE:JNJ) by 0.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 538,338 shares of the company’s stock after purchasing an additional 2,937 shares during the period. Johnson & Johnson accounts for 1.4% of D.A. Davidson & CO.’s investment portfolio, making the stock its 6th biggest holding. D.A. Davidson & CO.’s holdings in Johnson & Johnson were worth $69,989,000 as of its most recent filing with the Securities & Exchange Commission.

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

In other news, VP Paulus Stoffels sold 155,342 shares of Johnson & Johnson 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 completion of the sale, the vice president now directly owns 357,906 shares of the company’s stock, valued at approximately $46,477,673.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.19% of the company’s stock.

Johnson & Johnson (NYSE JNJ) opened at $132.02 on Friday. The company has a market cap of $354,670.00, a price-to-earnings ratio of 24.31, a PEG ratio of 2.18 and a beta of 0.74. 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 has a 1 year low of $120.90 and a 1 year high of $148.32.

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

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Tuesday, February 27th will be issued a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend is Monday, February 26th. Johnson & Johnson’s dividend payout ratio is currently 61.88%.

JNJ has been the subject of a number of recent research reports. BTIG Research reiterated a “sell” rating and issued a $110.00 price objective on shares of Johnson & Johnson in a research note on Wednesday, January 24th. Vetr lowered shares of Johnson & Johnson from a “buy” rating to a “hold” rating and set a $147.40 price objective for the company. in a research note on Monday, January 8th. Credit Suisse Group set a $154.00 price objective on shares of Johnson & Johnson and gave the company a “hold” rating in a research note on Monday, January 22nd. BMO Capital Markets lifted their price objective on shares of Johnson & Johnson to $161.00 and gave the company an “outperform” rating in a research note on Tuesday, December 12th. Finally, Wells Fargo & Co reiterated an “outperform” rating and issued a $160.00 price objective (up from $155.00) on shares of Johnson & Johnson in a research note on Friday, January 12th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $146.16.

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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.

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

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