DekaBank Deutsche Girozentrale lessened its position in shares of Johnson & Johnson (NYSE:JNJ) by 1.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,596,500 shares of the company’s stock after selling 21,183 shares during the period. Johnson & Johnson comprises 1.4% of DekaBank Deutsche Girozentrale’s investment portfolio, making the stock its 7th biggest holding. DekaBank Deutsche Girozentrale’s holdings in Johnson & Johnson were worth $205,036,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of JNJ. NuWave Investment Management LLC purchased a new stake in shares of Johnson & Johnson during the 4th quarter worth approximately $680,000. IBM Retirement Fund lifted its position in shares of Johnson & Johnson by 4.8% during the 4th quarter. IBM Retirement Fund now owns 70,094 shares of the company’s stock worth $10,697,000 after buying an additional 3,221 shares during the last quarter. Keeler Thomas Management LLC purchased a new stake in shares of Johnson & Johnson during the 4th quarter worth approximately $2,692,000. OxFORD Asset Management LLP lifted its position in shares of Johnson & Johnson by 407.9% during the 3rd quarter. OxFORD Asset Management LLP now owns 27,431 shares of the company’s stock worth $3,561,000 after buying an additional 22,030 shares during the last quarter. Finally, Hefty Wealth Partners lifted its position in shares of Johnson & Johnson by 959.3% during the 4th quarter. Hefty Wealth Partners now owns 6,970 shares of the company’s stock worth $974,000 after buying an additional 6,312 shares during the last quarter. Institutional investors own 65.97% of the company’s stock.
JNJ has been the subject of several recent analyst reports. Jefferies Financial Group set a $161.00 price objective on shares of Johnson & Johnson and gave the stock a “buy” rating in a research report on Friday, March 23rd. Vetr downgraded shares of Johnson & Johnson from a “strong-buy” rating to a “hold” rating and set a $124.55 price objective for the company. in a research report on Monday, March 26th. TheStreet downgraded shares of Johnson & Johnson from an “a” rating to a “c+” rating in a research report on Monday, March 26th. Zacks Investment Research upgraded shares of Johnson & Johnson from a “hold” rating to a “buy” rating and set a $143.00 price target for the company in a research report on Wednesday, March 28th. Finally, Morgan Stanley reduced their price target on shares of Johnson & Johnson from $148.00 to $143.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 10th. Six analysts have rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $141.60.
Shares of Johnson & Johnson stock opened at $121.58 on Tuesday. The firm has a market cap of $325.54 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 1.86 and a beta of 0.74. The company has a quick ratio of 1.25, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. Johnson & Johnson has a one year low of $118.62 and a one year high of $148.32.
Johnson & Johnson (NYSE:JNJ) last announced its quarterly earnings data on Tuesday, April 17th. The company reported $2.06 EPS for the quarter, topping the Zacks’ consensus estimate of $2.00 by $0.06. The company had revenue of $20.01 billion during the quarter, compared to the consensus estimate of $19.50 billion. Johnson & Johnson had a net margin of 1.58% and a return on equity of 30.65%. Johnson & Johnson’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.83 EPS. equities research analysts forecast that Johnson & Johnson will post 8.13 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 12th. Shareholders of record on Tuesday, May 29th were given a dividend of $0.90 per share. The ex-dividend date of this dividend was Friday, May 25th. This represents a $3.60 dividend on an annualized basis and a yield of 2.96%. This is an increase from Johnson & Johnson’s previous quarterly dividend of $0.84. Johnson & Johnson’s dividend payout ratio is presently 49.32%.
About Johnson & Johnson
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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