Johnson & Johnson (JNJ) Stake Lowered by Sumitomo Mitsui Asset Management Company LTD
Sumitomo Mitsui Asset Management Company LTD decreased its stake in shares of Johnson & Johnson (NYSE:JNJ) by 1.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 267,468 shares of the company’s stock after selling 5,099 shares during the quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in Johnson & Johnson were worth $34,773,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the company. BlackRock Inc. grew its position in Johnson & Johnson by 2.6% in the 2nd quarter. BlackRock Inc. now owns 174,073,764 shares of the company’s stock valued at $23,028,219,000 after purchasing an additional 4,332,612 shares during the period. Janus Henderson Group PLC grew its position in Johnson & Johnson by 717.9% in the 2nd quarter. Janus Henderson Group PLC now owns 3,748,008 shares of the company’s stock valued at $495,837,000 after purchasing an additional 3,289,763 shares during the period. Vanguard Group Inc. grew its position in Johnson & Johnson by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 200,450,985 shares of the company’s stock valued at $26,517,661,000 after purchasing an additional 3,023,110 shares during the period. Parametric Portfolio Associates LLC grew its position in Johnson & Johnson by 47.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 7,970,670 shares of the company’s stock valued at $1,054,433,000 after purchasing an additional 2,581,562 shares during the period. Finally, Harbour Capital Advisors LLC grew its position in Johnson & Johnson by 13,327.8% in the 2nd quarter. Harbour Capital Advisors LLC now owns 2,501,472 shares of the company’s stock valued at $18,909,000 after purchasing an additional 2,482,843 shares during the period. 65.70% of the stock is owned by institutional investors.
Several analysts recently issued reports on JNJ shares. Vetr downgraded shares of Johnson & Johnson from a “hold” rating to a “sell” rating and set a $130.49 price target for the company. in a research report on Monday, September 18th. Goldman Sachs Group cut Johnson & Johnson from a “neutral” rating to a “sell” rating and raised their price objective for the company from $125.00 to $130.00 in a research note on Wednesday, September 20th. Citigroup started coverage on Johnson & Johnson in a research note on Monday, September 25th. They set a “neutral” rating and a $140.00 price objective on the stock. Zacks Investment Research cut Johnson & Johnson from a “hold” rating to a “sell” rating in a research note on Wednesday, September 27th. Finally, UBS Group restated a “buy” rating and set a $148.00 price objective on shares of Johnson & Johnson in a research note on Saturday, September 30th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $145.69.
Shares of Johnson & Johnson (JNJ) opened at $144.79 on Friday. The company has a market capitalization of $388,980.00, a price-to-earnings ratio of 25.14, a PEG ratio of 2.67 and a beta of 0.80. Johnson & Johnson has a 52 week low of $110.76 and a 52 week high of $145.68. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.02 and a current ratio of 1.32.
Johnson & Johnson (NYSE:JNJ) last released its earnings results on Tuesday, October 17th. The company reported $1.90 EPS for the quarter, topping the Zacks’ consensus estimate of $1.80 by $0.10. The company had revenue of $19.65 billion for 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%. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.68 EPS. research analysts predict that Johnson & Johnson will post 7.28 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Tuesday, February 27th will be paid a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Monday, February 26th. Johnson & Johnson’s payout ratio is 58.33%.
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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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