Johnson & Johnson (JNJ) Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA
Loring Wolcott & Coolidge Fiduciary Advisors LLP MA trimmed its stake in shares of Johnson & Johnson (NYSE:JNJ) by 0.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 596,697 shares of the company’s stock after selling 745 shares during the period. Johnson & Johnson comprises 1.5% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings, making the stock its 24th biggest position. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Johnson & Johnson were worth $77,577,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of JNJ. Harding Loevner LP purchased a new position in shares of Johnson & Johnson in the 2nd quarter worth $106,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake 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 worth $115,000 after buying an additional 200 shares in the last quarter. Lenox Wealth Advisors Inc. grew its stake 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 worth $116,000 after buying an additional 5 shares in the last quarter. Mountain Capital Investment Advisors Inc purchased a new position in shares of Johnson & Johnson in the 2nd quarter worth $124,000. Finally, Shine Investment Advisory Services Inc. purchased a new position in shares of Johnson & Johnson in the 2nd quarter worth $177,000. 65.71% of the stock is owned by institutional investors.
JNJ has been the subject of a number of recent research reports. Goldman Sachs Group cut shares of Johnson & Johnson from a “neutral” rating to a “sell” rating and lifted their price objective for the stock from $125.00 to $130.00 in a research note on Wednesday, September 20th. Vetr raised shares of Johnson & Johnson from a “sell” rating to a “hold” rating and set a $137.71 price objective for the company in a research note on Monday, October 30th. Credit Suisse Group set a $154.00 price objective on shares of Johnson & Johnson and gave the stock an “outperform” rating in a research note on Thursday, October 19th. BMO Capital Markets lifted their price objective on shares of Johnson & Johnson to $161.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 12th. Finally, Zacks Investment Research cut shares of Johnson & Johnson from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $145.94.
Shares of Johnson & Johnson (NYSE JNJ) opened at $145.76 on Monday. The stock has a market cap of $391,587.16, a PE ratio of 25.31, a PEG ratio of 2.75 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. Johnson & Johnson has a twelve month low of $110.76 and a twelve month high of $146.42.
Johnson & Johnson (NYSE:JNJ) last released its earnings results on Tuesday, October 17th. The company reported $1.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.80 by $0.10. The firm had revenue of $19.65 billion during the quarter, compared to analyst estimates of $19.29 billion. Johnson & Johnson had a net margin of 21.28% and a return on equity of 27.38%. The business’s revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the business earned $1.68 EPS. research analysts expect that Johnson & Johnson will post 7.28 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Tuesday, February 27th will be issued a $0.84 dividend. The ex-dividend date of this dividend is Monday, February 26th. This represents a $3.36 annualized dividend and a dividend yield of 2.31%. Johnson & Johnson’s dividend payout ratio (DPR) is presently 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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