Johnson & Johnson (JNJ) Stake Reduced by Oppenheimer & Co. Inc.
Oppenheimer & Co. Inc. lowered its position in Johnson & Johnson (NYSE:JNJ) by 10.0% during the first quarter, Holdings Channel reports. The firm owned 248,036 shares of the company’s stock after selling 27,691 shares during the period. Johnson & Johnson accounts for 0.9% of Oppenheimer & Co. Inc.’s portfolio, making the stock its 12th largest position. Oppenheimer & Co. Inc.’s holdings in Johnson & Johnson were worth $30,892,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Lau Associates LLC boosted its position in shares of Johnson & Johnson by 12.8% in the first quarter. Lau Associates LLC now owns 46,878 shares of the company’s stock worth $5,839,000 after buying an additional 5,335 shares during the period. Loomis Sayles & Co. L P boosted its position in shares of Johnson & Johnson by 396.7% in the fourth quarter. Loomis Sayles & Co. L P now owns 110,823 shares of the company’s stock worth $12,768,000 after buying an additional 88,510 shares during the period. Jackson Grant Investment Advisers Inc. boosted its position in shares of Johnson & Johnson by 7.3% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 14,124 shares of the company’s stock worth $1,627,000 after buying an additional 957 shares during the period. Burke & Herbert Bank & Trust Co. boosted its position in shares of Johnson & Johnson by 2.6% in the first quarter. Burke & Herbert Bank & Trust Co. now owns 47,330 shares of the company’s stock worth $5,895,000 after buying an additional 1,218 shares during the period. Finally, Independent Advisor Alliance bought a new position in shares of Johnson & Johnson during the fourth quarter worth about $4,035,000. Hedge funds and other institutional investors own 66.06% of the company’s stock.
Shares of Johnson & Johnson (NYSE JNJ) traded up 0.92% during midday trading on Friday, reaching $134.32. The company had a trading volume of 1,220,550 shares. The stock has a market capitalization of $360.51 billion, a PE ratio of 22.73 and a beta of 0.78. The stock’s 50 day moving average is $133.18 and its 200-day moving average is $126.16. Johnson & Johnson has a 12-month low of $109.32 and a 12-month high of $137.08.
Johnson & Johnson (NYSE:JNJ) last announced its quarterly earnings results on Tuesday, July 18th. The company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.04. The business had revenue of $18.84 billion for the quarter, compared to analyst estimates of $18.94 billion. Johnson & Johnson had a return on equity of 26.76% and a net margin of 22.52%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.74 earnings per share. On average, equities research analysts predict that Johnson & Johnson will post $7.18 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Tuesday, August 29th will be issued a $0.84 dividend. The ex-dividend date of this dividend is Friday, August 25th. This represents a $3.36 annualized dividend and a yield of 2.52%. Johnson & Johnson’s payout ratio is currently 56.76%.
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JNJ has been the topic of a number of recent analyst reports. Morgan Stanley raised their target price on Johnson & Johnson from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, July 5th. BidaskClub cut Johnson & Johnson from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 1st. Vetr cut Johnson & Johnson from a “buy” rating to a “hold” rating and set a $128.54 target price on the stock. in a report on Monday, May 1st. Jefferies Group LLC restated a “hold” rating and set a $140.00 target price on shares of Johnson & Johnson in a report on Friday, June 16th. Finally, Zacks Investment Research cut Johnson & Johnson from a “buy” rating to a “hold” rating in a report on Friday, July 21st. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company. Johnson & Johnson presently has a consensus rating of “Hold” and a consensus target price of $133.72.
In other Johnson & Johnson news, VP Paulus Stoffels sold 102,692 shares of the stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $133.14, for a total value of $13,672,412.88. Following the transaction, the vice president now owns 230,342 shares in the company, valued at $30,667,733.88. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Dominic J. Caruso sold 82,591 shares of the stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $136.72, for a total value of $11,291,841.52. Following the completion of the transaction, the vice president now owns 226,693 shares in the company, valued at approximately $30,993,466.96. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by corporate insiders.
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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