Johnson & Johnson (JNJ) Position Increased by Blue Edge Capital LLC
Blue Edge Capital LLC lifted its position in Johnson & Johnson (NYSE:JNJ) by 17.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,480 shares of the company’s stock after buying an additional 1,269 shares during the period. Blue Edge Capital LLC’s holdings in Johnson & Johnson were worth $1,122,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JNJ. Harding Loevner LP bought a new stake in shares of Johnson & Johnson in the 2nd quarter valued at $106,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in shares of Johnson & Johnson by 29.9% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 870 shares of the company’s stock valued at $115,000 after buying an additional 200 shares in the last quarter. Lenox Wealth Advisors Inc. increased its position in shares of Johnson & Johnson by 0.6% in the 2nd quarter. Lenox Wealth Advisors Inc. now owns 876 shares of the company’s stock valued at $116,000 after buying an additional 5 shares in the last quarter. Shine Investment Advisory Services Inc. bought a new stake in shares of Johnson & Johnson in the 2nd quarter valued at $177,000. Finally, Ullmann Financial Group Inc. bought a new stake in shares of Johnson & Johnson in the 1st quarter valued at $186,000. Institutional investors and hedge funds own 65.89% of the company’s stock.
A number of equities analysts have issued reports on the company. J P Morgan Chase & Co increased their target price on Johnson & Johnson from $140.00 to $148.00 and gave the stock an “overweight” rating in a report on Wednesday, August 16th. Citigroup assumed coverage on Johnson & Johnson in a report on Monday, September 25th. They set a “neutral” rating and a $140.00 target price for the company. Jefferies Group set a $145.00 target price on Johnson & Johnson and gave the stock a “hold” rating in a report on Tuesday, August 15th. BMO Capital Markets reiterated a “positive” rating and set a $152.00 target price (up previously from $145.00) on shares of Johnson & Johnson in a report on Wednesday, October 18th. Finally, Royal Bank of Canada increased their target price on Johnson & Johnson from $144.00 to $147.00 and gave the stock an “outperform” rating in a report on Wednesday, October 18th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $144.59.
Shares of Johnson & Johnson (NYSE JNJ) traded up $0.55 during midday trading on Tuesday, hitting $141.14. The stock had a trading volume of 4,358,600 shares, compared to its average volume of 5,861,946. The company has a market cap of $377,697.84, a PE ratio of 19.69, a price-to-earnings-growth ratio of 2.86 and a beta of 0.80. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.32 and a quick ratio of 1.02. Johnson & Johnson has a 12 month low of $110.76 and a 12 month high of $144.35.
Johnson & Johnson (NYSE:JNJ) last announced its quarterly earnings data on Tuesday, October 17th. The company reported $1.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.80 by $0.10. The company had revenue of $19.65 billion during the quarter, compared to analysts’ expectations of $19.29 billion. Johnson & Johnson had a return on equity of 27.38% and a net margin of 21.28%. Johnson & Johnson’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.68 EPS. sell-side analysts anticipate that Johnson & Johnson will post 7.28 earnings per share 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 issued a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Monday, November 27th. Johnson & Johnson’s payout ratio is 58.33%.
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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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