Ironwood Investment Management LLC boosted its position in Johnson & Johnson (NYSE:JNJ) by 3.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 6,787 shares of the company’s stock after acquiring an additional 220 shares during the period. Ironwood Investment Management LLC’s holdings in Johnson & Johnson were worth $954,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of the stock. Cigna Investments Inc. New lifted its stake in Johnson & Johnson by 23.1% in the 2nd quarter. Cigna Investments Inc. New now owns 100,271 shares of the company’s stock valued at $14,102,000 after purchasing an additional 18,848 shares during the last quarter. Parametrica Management Ltd lifted its position in Johnson & Johnson by 5.1% during the second quarter. Parametrica Management Ltd now owns 10,926 shares of the company’s stock worth $1,534,000 after acquiring an additional 528 shares during the last quarter. Private Advisor Group LLC lifted its position in Johnson & Johnson by 6.2% during the second quarter. Private Advisor Group LLC now owns 302,163 shares of the company’s stock worth $42,494,000 after acquiring an additional 17,509 shares during the last quarter. Argent Wealth Management LLC lifted its position in Johnson & Johnson by 0.8% during the second quarter. Argent Wealth Management LLC now owns 24,799 shares of the company’s stock worth $3,670,000 after acquiring an additional 188 shares during the last quarter. Finally, Wealthfront Advisers LLC lifted its position in Johnson & Johnson by 25.6% during the second quarter. Wealthfront Advisers LLC now owns 93,452 shares of the company’s stock worth $13,142,000 after acquiring an additional 19,046 shares during the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.
Several equities research analysts have issued reports on JNJ shares. Zacks Investment Research downgraded shares of Johnson & Johnson from a “hold” rating to a “sell” rating and set a $150.00 price objective for the company. in a research report on Tuesday, July 7th. Independent Research upgraded shares of Johnson & Johnson from a “hold” rating to a “buy” rating and raised their price objective for the stock from $161.00 to $164.00 in a research report on Monday, July 20th. Credit Suisse Group restated a “buy” rating on shares of Johnson & Johnson in a research report on Friday, September 4th. Citigroup lifted their price target on shares of Johnson & Johnson from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, July 17th. Finally, Stifel Nicolaus downgraded shares of Johnson & Johnson from a “buy” rating to a “hold” rating in a research report on Wednesday, August 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. Johnson & Johnson has a consensus rating of “Buy” and a consensus target price of $163.00.
NYSE:JNJ traded up $1.49 during mid-day trading on Friday, reaching $148.40. The stock had a trading volume of 194,859 shares, compared to its average volume of 5,840,619. The stock has a 50-day simple moving average of $149.40 and a two-hundred day simple moving average of $144.20. The stock has a market capitalization of $394.13 billion, a PE ratio of 21.63, a P/E/G ratio of 3.32 and a beta of 0.68. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.25 and a quick ratio of 0.99. Johnson & Johnson has a 12 month low of $109.16 and a 12 month high of $157.00.
Johnson & Johnson (NYSE:JNJ) last announced its quarterly earnings data on Thursday, July 16th. The company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.17. The business had revenue of $18.34 billion for the quarter, compared to analysts’ expectations of $17.73 billion. Johnson & Johnson had a net margin of 22.69% and a return on equity of 35.21%. The firm’s quarterly revenue was down 10.8% compared to the same quarter last year. During the same period last year, the firm posted $2.58 earnings per share. Equities analysts expect that Johnson & Johnson will post 7.85 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Tuesday, August 25th were paid a $1.01 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $4.04 dividend on an annualized basis and a yield of 2.72%. Johnson & Johnson’s dividend payout ratio (DPR) is 46.54%.
Johnson & Johnson Profile
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.
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