Johnson & Johnson (JNJ) Shares Bought by Aureus Asset Management LLC
Aureus Asset Management LLC lifted its stake in Johnson & Johnson (NYSE:JNJ) by 8.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,161 shares of the company’s stock after acquiring an additional 1,876 shares during the quarter. Aureus Asset Management LLC’s holdings in Johnson & Johnson were worth $3,329,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in JNJ. Pachira Investments Inc. grew its stake in shares of Johnson & Johnson by 12.2% in the first quarter. Pachira Investments Inc. now owns 4,424 shares of the company’s stock worth $551,000 after acquiring an additional 480 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI grew its position in Johnson & Johnson by 0.5% during the first quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 114,681 shares of the company’s stock valued at $14,283,000 after buying an additional 544 shares during the period. Cedar Wealth Management LLC grew its position in Johnson & Johnson by 5.3% during the first quarter. Cedar Wealth Management LLC now owns 3,294 shares of the company’s stock valued at $410,000 after buying an additional 167 shares during the period. Usca Ria LLC grew its position in Johnson & Johnson by 4.7% during the first quarter. Usca Ria LLC now owns 49,607 shares of the company’s stock valued at $6,179,000 after buying an additional 2,244 shares during the period. Finally, Willingdon Wealth Management grew its position in Johnson & Johnson by 11.8% during the first quarter. Willingdon Wealth Management now owns 12,958 shares of the company’s stock valued at $1,614,000 after buying an additional 1,372 shares during the period. Hedge funds and other institutional investors own 65.90% of the company’s stock.
Shares of Johnson & Johnson (JNJ) traded up $0.58 during trading hours on Friday, reaching $140.59. 5,100,000 shares of the company’s stock traded hands, compared to its average volume of 4,754,087. 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 twelve month low of $110.76 and a twelve month high of $144.35. The stock has a market capitalization of $377,697.84, a P/E ratio of 19.69, a P/E/G ratio of 2.86 and a beta of 0.80.
Johnson & Johnson (NYSE:JNJ) last issued its quarterly earnings results on Tuesday, October 17th. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.10. Johnson & Johnson had a net margin of 21.28% and a return on equity of 27.38%. The business had revenue of $19.65 billion for the quarter, compared to the consensus estimate of $19.29 billion. During the same quarter in the previous year, the firm earned $1.68 earnings per share. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. research analysts expect that Johnson & Johnson will post 7.28 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 28th will be issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 2.39%. The ex-dividend date is Monday, November 27th. Johnson & Johnson’s dividend payout ratio is currently 58.33%.
Several analysts recently issued reports on the stock. Piper Jaffray Companies restated a “hold” rating and set a $120.00 target price on shares of Johnson & Johnson in a research report on Wednesday, October 4th. Vetr lowered shares of Johnson & Johnson from a “hold” rating to a “sell” rating and set a $130.49 target price for the company. in a research report on Monday, September 18th. Stifel Nicolaus boosted their target price on shares of Johnson & Johnson from $140.00 to $142.00 and gave the company a “hold” rating in a research report on Wednesday, October 18th. UBS restated a “buy” rating and set a $148.00 target price on shares of Johnson & Johnson in a research report on Thursday, August 31st. Finally, Wells Fargo & Company upgraded shares of Johnson & Johnson from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $140.00 to $149.00 in a research report on Monday, October 9th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $144.59.
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Johnson & Johnson 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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