Johnson & Johnson (NYSE:JNJ) Shares Cross Above 50 Day Moving Average – Time to Sell?

Johnson & Johnson (NYSE:JNJ – Get Free Report) shares crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $265.35 and traded as high as $272.36. Johnson & Johnson shares last traded at $266.3750, with a volume of 5,775,719 shares changing hands.

Johnson & Johnson News Summary

Here are the key news stories impacting Johnson & Johnson this week:

Analysts Set New Price Targets

JNJ has been the subject of several research analyst reports. Erste Group Bank cut shares of Johnson & Johnson from a “buy” rating to a “hold” rating in a research report on Wednesday, October 21st. Argus set a $300.00 price objective on Johnson & Johnson in a research report on Wednesday, July 29th. UBS Group set a $270.00 price objective on Johnson & Johnson in a research report on Wednesday, October 14th. Morgan Stanley lowered their target price on Johnson & Johnson from $294.00 to $292.00 and set an “overweight” rating for the company in a research note on Thursday, October 15th. Finally, HSBC boosted their target price on Johnson & Johnson from $290.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, September 10th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $275.92.

View Our Latest Stock Report on JNJ

Johnson & Johnson Stock Performance

The firm’s 50-day moving average price is $265.60 and its 200 day moving average price is $246.26. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.74 and a current ratio of 1.02. The company has a market cap of $652.78 billion, a price-to-earnings ratio of 41.09, a PEG ratio of 2.61 and a beta of 0.21.

Johnson & Johnson (NYSE:JNJ – Get Free Report) last posted its quarterly earnings results on Tuesday, October 13th. The company reported $2.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.06. Johnson & Johnson had a net margin of 16.20% and a return on equity of 31.64%. The business had revenue of $25.40 billion during the quarter, compared to the consensus estimate of $25.38 billion. During the same period in the previous year, the firm posted $2.80 earnings per share. Johnson & Johnson’s revenue for the quarter was up 5.9% compared to the same quarter last year. Johnson & Johnson has set its FY 2026 guidance at 11.050-11.150 EPS. On average, sell-side analysts anticipate that Johnson & Johnson will post 11.12 EPS for the current year.

Johnson & Johnson Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 8th. Shareholders of record on Tuesday, November 24th will be paid a $1.34 dividend. The ex-dividend date of this dividend is Tuesday, November 24th. This represents a $5.36 annualized dividend and a yield of 2.0%. Johnson & Johnson’s dividend payout ratio is presently 81.21%.

Insider Buying and Selling at Johnson & Johnson

In other Johnson & Johnson news, EVP Timothy Schmid sold 33,597 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $274.74, for a total transaction of $9,230,439.78. Following the transaction, the executive vice president owned 25,447 shares in the company, valued at approximately $6,991,308.78. This trade represents a 56.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jennifer Taubert sold 15,000 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $263.36, for a total value of $3,950,400.00. Following the transaction, the executive vice president owned 194,451 shares of the company’s stock, valued at $51,210,615.36. The trade was a 7.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 64,515 shares of company stock valued at $17,271,766. 0.16% of the stock is currently owned by company insiders.

Institutional Trading of Johnson & Johnson

Hedge funds have recently modified their holdings of the company. Outlook Capital Management LLC bought a new position in shares of Johnson & Johnson during the 2nd quarter valued at about $28,000. Matrix Trust Co lifted its stake in Johnson & Johnson by 56.2% in the second quarter. Matrix Trust Co now owns 150 shares of the company’s stock valued at $38,000 after buying an additional 54 shares in the last quarter. Montgomery Financial Services LLC acquired a new position in shares of Johnson & Johnson in the second quarter valued at approximately $43,000. Hanseatic Management Services Inc. acquired a new position in shares of Johnson & Johnson in the third quarter valued at approximately $52,000. Finally, Polaris Financial Partners acquired a new position in shares of Johnson & Johnson in the third quarter valued at approximately $56,000. 69.55% of the stock is currently owned by institutional investors and hedge funds.

Johnson & Johnson Company Profile

(Get Free Report)

Johnson & Johnson (NYSE: JNJ) is a global healthcare company headquartered in New Brunswick, New Jersey. Founded in 1886, the company develops and markets products and services for patients, healthcare professionals and institutions worldwide.

Johnson & Johnson operates through two principal segments: Innovative Medicine and MedTech. Innovative Medicine focuses on pharmaceuticals for areas such as immunology, oncology, neuroscience, infectious diseases and cardiovascular conditions.

Further Reading

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