Johnson & Johnson (JNJ) Stake Increased by Teachers Advisors LLC

Teachers Advisors LLC grew its holdings in shares of Johnson & Johnson (NYSE:JNJ) by 8.4% in the third quarter, Holdings Channel reports. The fund owned 4,964,053 shares of the company’s stock after purchasing an additional 382,825 shares during the period. Johnson & Johnson accounts for about 0.8% of Teachers Advisors LLC’s investment portfolio, making the stock its 10th largest holding. Teachers Advisors LLC’s holdings in Johnson & Johnson were worth $685,883,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of JNJ. Fundsmith Equity Fund L.P. bought a new stake in Johnson & Johnson in the 2nd quarter worth approximately $552,762,000. Peoples Financial Services CORP. lifted its position in Johnson & Johnson by 20.4% in the 3rd quarter. Peoples Financial Services CORP. now owns 30,668 shares of the company’s stock worth $4,237,000 after buying an additional 5,190 shares during the last quarter. Sather Financial Group Inc lifted its position in Johnson & Johnson by 3.7% in the 2nd quarter. Sather Financial Group Inc now owns 11,051 shares of the company’s stock worth $1,341,000 after buying an additional 399 shares during the last quarter. QUANTRES ASSET MANAGEMENT Ltd bought a new stake in Johnson & Johnson in the 3rd quarter worth approximately $829,000. Finally, Foundation Resource Management Inc. bought a new stake in Johnson & Johnson in the 3rd quarter worth approximately $208,000. Hedge funds and other institutional investors own 66.56% of the company’s stock.

Johnson & Johnson stock traded down $0.55 during trading hours on Friday, reaching $137.47. The company had a trading volume of 63,757 shares, compared to its average volume of 7,208,329. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.47 and a quick ratio of 1.20. The stock has a market capitalization of $373.41 billion, a P/E ratio of 16.78, a price-to-earnings-growth ratio of 2.13 and a beta of 0.68. Johnson & Johnson has a 12-month low of $118.62 and a 12-month high of $148.99.

Johnson & Johnson (NYSE:JNJ) last announced its quarterly earnings results on Tuesday, January 22nd. The company reported $1.97 EPS for the quarter, topping the Zacks’ consensus estimate of $1.95 by $0.02. The business had revenue of $20.39 billion for the quarter, compared to analysts’ expectations of $20.27 billion. Johnson & Johnson had a return on equity of 35.63% and a net margin of 18.75%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.74 EPS. Sell-side analysts expect that Johnson & Johnson will post 8.57 earnings per share for the current fiscal year.

Johnson & Johnson declared that its board has initiated a stock buyback plan on Monday, December 17th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 1.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 26th were paid a dividend of $0.90 per share. The ex-dividend date of this dividend was Monday, February 25th. This represents a $3.60 annualized dividend and a dividend yield of 2.62%. Johnson & Johnson’s dividend payout ratio (DPR) is presently 44.01%.

A number of research firms recently weighed in on JNJ. Zacks Investment Research downgraded Johnson & Johnson from a “buy” rating to a “hold” rating in a research report on Tuesday, December 4th. Barclays restated an “equal weight” rating and issued a $135.00 target price (down previously from $137.00) on shares of Johnson & Johnson in a research report on Wednesday, January 23rd. ValuEngine upgraded Johnson & Johnson from a “hold” rating to a “buy” rating in a research report on Thursday, December 13th. Citigroup boosted their target price on Johnson & Johnson from $139.00 to $147.00 and gave the stock a “neutral” rating in a research report on Monday, February 25th. Finally, Morgan Stanley decreased their price target on Johnson & Johnson from $153.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 2nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $142.81.

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About Johnson & Johnson

Johnson & Johnson, together with its subsidiaries, researches and develops, manufactures, and sells various products in the health care field worldwide. It operates in three segments: Consumer, Pharmaceutical, and Medical Devices. The 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, 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.

Further Reading: Leveraged Buyout (LBO)

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

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