Johnson & Johnson (JNJ) Releases FY17 Earnings Guidance
Johnson & Johnson (NYSE:JNJ) updated its FY17 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $7.25 – $7.30 for the period, compared to the Thomson Reuters consensus estimate of $7.28.
A number of analysts recently issued reports on the company. Vetr raised Johnson & Johnson from a hold rating to a buy rating and set a $147.14 price objective on the stock in a report on Wednesday. Zacks Investment Research cut Johnson & Johnson from a buy rating to a hold rating in a report on Tuesday, December 12th. Citigroup assumed coverage on Johnson & Johnson in a report on Monday, September 25th. They set a neutral rating and a $140.00 price objective on the stock. BMO Capital Markets reissued a positive rating and set a $152.00 price objective (up previously from $145.00) on shares of Johnson & Johnson in a report on Wednesday, October 18th. Finally, Jefferies Group increased their price objective on Johnson & Johnson from $157.00 to $160.00 and gave the stock a buy rating in a report on Monday, October 16th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company’s stock. Johnson & Johnson has a consensus rating of Hold and a consensus price target of $145.47.
Shares of Johnson & Johnson (NYSE JNJ) opened at $140.12 on Friday. Johnson & Johnson has a 1-year low of $110.76 and a 1-year high of $144.35. The firm has a market capitalization of $378,960.50, a PE ratio of 24.33, a price-to-earnings-growth ratio of 2.87 and a beta of 0.80. The company has a quick ratio of 1.02, a current ratio of 1.32 and a debt-to-equity ratio of 0.36.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 28th were issued a $0.84 dividend. The ex-dividend date of this dividend was Monday, November 27th. This represents a $3.36 annualized dividend and a dividend yield of 2.40%. Johnson & Johnson’s payout ratio is currently 58.33%.
Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Johnson & Johnson by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 200,450,985 shares of the company’s stock valued at $26,517,661,000 after buying an additional 3,023,110 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Johnson & Johnson by 2.6% during the 2nd quarter. BlackRock Inc. now owns 174,073,764 shares of the company’s stock valued at $23,028,219,000 after buying an additional 4,332,612 shares in the last quarter. FMR LLC raised its holdings in shares of Johnson & Johnson by 5.9% during the 2nd quarter. FMR LLC now owns 27,237,648 shares of the company’s stock valued at $3,603,268,000 after buying an additional 1,509,745 shares in the last quarter. Capital World Investors raised its holdings in shares of Johnson & Johnson by 4.1% during the 2nd quarter. Capital World Investors now owns 26,510,007 shares of the company’s stock valued at $3,507,009,000 after buying an additional 1,050,000 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Johnson & Johnson by 4.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 17,860,047 shares of the company’s stock valued at $2,363,788,000 after buying an additional 771,039 shares in the last quarter. 65.70% of the stock is currently owned by hedge funds and other institutional investors.
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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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