Klingman & Associates LLC Cuts Stake in Johnson & Johnson (JNJ)

Klingman & Associates LLC lessened its position in shares of Johnson & Johnson (NYSE:JNJ) by 40.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,930 shares of the company’s stock after selling 10,777 shares during the quarter. Johnson & Johnson comprises about 0.5% of Klingman & Associates LLC’s investment portfolio, making the stock its 27th largest position. Klingman & Associates LLC’s holdings in Johnson & Johnson were worth $2,226,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Linscomb & Williams Inc. lifted its stake in Johnson & Johnson by 1.9% in the third quarter. Linscomb & Williams Inc. now owns 62,922 shares of the company’s stock valued at $8,181,000 after buying an additional 1,153 shares during the period. Cable Hill Partners LLC lifted its stake in Johnson & Johnson by 21.5% in the third quarter. Cable Hill Partners LLC now owns 4,876 shares of the company’s stock valued at $634,000 after buying an additional 862 shares during the period. YorkBridge Wealth Partners LLC lifted its stake in Johnson & Johnson by 2.9% in the third quarter. YorkBridge Wealth Partners LLC now owns 32,966 shares of the company’s stock valued at $4,286,000 after buying an additional 936 shares during the period. Bourgeon Capital Management LLC lifted its stake in Johnson & Johnson by 9.3% in the third quarter. Bourgeon Capital Management LLC now owns 6,178 shares of the company’s stock valued at $803,000 after buying an additional 528 shares during the period. Finally, Conning Inc. lifted its stake in Johnson & Johnson by 2.1% in the third quarter. Conning Inc. now owns 358,664 shares of the company’s stock valued at $46,630,000 after buying an additional 7,245 shares during the period. 67.40% of the stock is currently owned by institutional investors and hedge funds.

Shares of Johnson & Johnson opened at $126.06 on Tuesday, MarketBeat Ratings reports. The company has a quick ratio of 1.25, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $341.37 billion, a price-to-earnings ratio of 16.90, a price-to-earnings-growth ratio of 1.95 and a beta of 0.74. Johnson & Johnson has a 1 year low of $125.86 and a 1 year high of $127.60.

Johnson & Johnson (NYSE:JNJ) last posted its quarterly earnings data on Tuesday, April 17th. The company reported $2.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.00 by $0.06. The business had revenue of $20.01 billion during the quarter, compared to the consensus estimate of $19.50 billion. Johnson & Johnson had a return on equity of 30.65% and a net margin of 1.58%. Johnson & Johnson’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period last year, the company earned $1.83 earnings per share. research analysts predict that Johnson & Johnson will post 8.13 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 12th. Investors of record on Tuesday, May 29th will be issued a dividend of $0.90 per share. The ex-dividend date is Friday, May 25th. This is an increase from Johnson & Johnson’s previous quarterly dividend of $0.84. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.86%. Johnson & Johnson’s dividend payout ratio (DPR) is presently 46.03%.

Several research firms have weighed in on JNJ. Credit Suisse Group set a $154.00 target price on Johnson & Johnson and gave the company a “hold” rating in a research note on Monday, January 22nd. BTIG Research reissued a “sell” rating and issued a $110.00 target price on shares of Johnson & Johnson in a research note on Wednesday, January 24th. Stifel Nicolaus increased their target price on Johnson & Johnson from $142.00 to $145.00 and gave the company a “hold” rating in a research note on Wednesday, January 24th. Vetr raised Johnson & Johnson from a “hold” rating to a “buy” rating and set a $152.28 target price on the stock in a research note on Tuesday, January 23rd. Finally, Citigroup cut their target price on Johnson & Johnson from $150.00 to $146.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 27th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $142.23.

In related news, VP Paulus Stoffels sold 155,342 shares of the stock in a transaction dated Thursday, February 15th. The stock was 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 directly owns 357,906 shares in the company, valued at $46,477,673.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.22% of the stock is currently owned by company insiders.

Johnson & Johnson Profile

Johnson & Johnson, together with its subsidiaries, researches and develops, manufactures, and sells various products in the health care field worldwide. Its Consumer segment offers baby care products under the JOHNSON'S brand; oral care products under the LISTERINE brand; beauty products under the AVEENO, CLEAN & CLEAR, DABAO, JOHNSON'S Adult, LE PETITE MARSEILLAIS, NEUTROGENA, RoC, and OGX brands; over-the-counter medicines, including acetaminophen products under the TYLENOL brand; cold, flu, and allergy products under the SUDAFED brand; allergy products under the BENADRYL and ZYRTEC brands; ibuprofen products under the MOTRIN IB brand; and acid reflux products under the PEPCID brand.

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

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