Investors Sell Shares of Johnson & Johnson (JNJ) on Strength (JNJ)
Investors sold shares of Johnson & Johnson (NYSE:JNJ) on strength during trading on Monday. $83.42 million flowed into the stock on the tick-up and $179.79 million flowed out of the stock on the tick-down, for a money net flow of $96.37 million out of the stock. Of all stocks tracked, Johnson & Johnson had the 3rd highest net out-flow for the day. Johnson & Johnson traded up $0.20 for the day and closed at $139.76
JNJ has been the topic of several analyst reports. UBS AG reiterated a “buy” rating and set a $148.00 price target (up previously from $136.00) on shares of Johnson & Johnson in a report on Wednesday, July 19th. Credit Suisse Group initiated coverage on shares of Johnson & Johnson in a report on Thursday, July 20th. They issued an “outperform” rating and a $148.00 price objective on the stock. BTIG Research lowered shares of Johnson & Johnson from a “neutral” rating to a “sell” rating and set a $110.00 price objective on the stock. in a report on Friday, July 21st. Atlantic Securities lowered shares of Johnson & Johnson from a “neutral” rating to an “underweight” rating and set a $113.00 price objective on the stock. in a report on Friday, July 21st. Finally, Alembic Global Advisors lowered shares of Johnson & Johnson from a “neutral” rating to an “underweight” rating in a report on Friday, July 21st. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $143.70.
The firm has a market capitalization of $374,930.72, a PE ratio of 19.55, a P/E/G ratio of 2.84 and a beta of 0.82. The company has a quick ratio of 1.02, a current ratio of 1.32 and a debt-to-equity ratio of 0.36.
Johnson & Johnson (NYSE:JNJ) last announced its quarterly earnings data on Tuesday, October 17th. The company reported $1.90 EPS for the quarter, topping the Zacks’ consensus estimate of $1.80 by $0.10. Johnson & Johnson had a return on equity of 27.38% and a net margin of 21.28%. The business had revenue of $19.65 billion during the quarter, compared to the consensus estimate of $19.29 billion. During the same period in the previous year, the company posted $1.68 earnings per share. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. equities research analysts anticipate that Johnson & Johnson will post 7.28 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 28th will be given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date is Monday, November 27th. Johnson & Johnson’s dividend payout ratio is presently 58.33%.
Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Johnson & Johnson by 1.5% during the second quarter. Vanguard Group Inc. now owns 200,450,985 shares of the company’s stock worth $26,517,661,000 after buying an additional 3,023,110 shares in the last quarter. BlackRock Inc. grew its position in shares of Johnson & Johnson by 2.6% during the second quarter. BlackRock Inc. now owns 174,073,764 shares of the company’s stock worth $23,028,219,000 after buying an additional 4,332,612 shares in the last quarter. State Street Corp grew its position in shares of Johnson & Johnson by 4.3% during the first quarter. State Street Corp now owns 160,223,321 shares of the company’s stock worth $19,955,806,000 after buying an additional 6,656,371 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Johnson & Johnson by 0.4% in the third quarter. Bank of New York Mellon Corp now owns 36,594,054 shares of the company’s stock valued at $4,757,593,000 after purchasing an additional 130,437 shares in the last quarter. Finally, FMR LLC boosted its holdings in Johnson & Johnson by 5.9% in the second quarter. FMR LLC now owns 27,237,648 shares of the company’s stock valued at $3,603,268,000 after purchasing an additional 1,509,745 shares in the last quarter. 65.93% of the stock is owned by institutional investors and hedge funds.
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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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