MEMBERS Trust Co Takes Position in Johnson & Johnson (NYSE:JNJ)
MEMBERS Trust Co bought a new position in shares of Johnson & Johnson (NYSE:JNJ) during the first quarter, according to its most recent filing with the SEC. The firm bought 12,606 shares of the company’s stock, valued at approximately $1,570,000. Johnson & Johnson comprises about 0.1% of MEMBERS Trust Co’s investment portfolio, making the stock its 21st largest position.
Other hedge funds have also bought and sold shares of the company. Cpcm LLC acquired a new stake in Johnson & Johnson during the fourth quarter worth about $1,778,000. Baillie Gifford & Co. boosted its stake in Johnson & Johnson by 2.7% in the fourth quarter. Baillie Gifford & Co. now owns 236,626 shares of the company’s stock worth $27,261,000 after buying an additional 6,110 shares during the period. Bristol Advisors LLC acquired a new stake in Johnson & Johnson during the fourth quarter worth about $1,371,000. InterOcean Capital LLC boosted its stake in Johnson & Johnson by 7.0% in the fourth quarter. InterOcean Capital LLC now owns 125,123 shares of the company’s stock worth $14,415,000 after buying an additional 8,150 shares during the period. Finally, Parallel Advisors LLC acquired a new stake in Johnson & Johnson during the fourth quarter worth about $2,685,000. Hedge funds and other institutional investors own 66.06% of the company’s stock.
Shares of Johnson & Johnson (NYSE:JNJ) traded up 0.01% during midday trading on Friday, reaching $133.10. 4,270,571 shares of the company’s stock traded hands. The stock has a market cap of $357.24 billion, a price-to-earnings ratio of 22.52 and a beta of 0.78. The stock has a 50 day moving average of $133.09 and a 200-day moving average of $126.30. Johnson & Johnson has a 52-week low of $109.32 and a 52-week high of $137.08.
Johnson & Johnson (NYSE:JNJ) last issued its quarterly earnings results on Tuesday, July 18th. The company reported $1.83 EPS for the quarter, topping the Zacks’ consensus estimate of $1.79 by $0.04. Johnson & Johnson had a return on equity of 26.76% and a net margin of 22.52%. The company had revenue of $18.84 billion for the quarter, compared to analysts’ expectations of $18.94 billion. During the same quarter last year, the business earned $1.74 earnings per share. Johnson & Johnson’s revenue was up 1.9% on a year-over-year basis. On average, equities research analysts expect that Johnson & Johnson will post $7.18 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Tuesday, August 29th will be given a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend is Friday, August 25th. Johnson & Johnson’s payout ratio is currently 56.76%.
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JNJ has been the subject of a number of analyst reports. Barclays PLC reiterated an “equal weight” rating and issued a $130.00 target price (up from $125.00) on shares of Johnson & Johnson in a research note on Monday, April 17th. BTIG Research reiterated a “hold” rating on shares of Johnson & Johnson in a research note on Wednesday, April 19th. Vetr upgraded shares of Johnson & Johnson from a “hold” rating to a “buy” rating and set a $128.54 target price for the company in a research note on Monday, April 24th. Jefferies Group LLC reiterated a “hold” rating and issued a $135.00 target price (down from $140.00) on shares of Johnson & Johnson in a research note on Sunday, May 14th. Finally, J P Morgan Chase & Co upgraded shares of Johnson & Johnson from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $123.64 to $140.00 in a research note on Monday, May 15th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company’s stock. Johnson & Johnson presently has an average rating of “Hold” and a consensus price target of $133.72.
In related news, VP Paulus Stoffels sold 102,692 shares of the firm’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $133.14, for a total value of $13,672,412.88. Following the transaction, the vice president now owns 230,342 shares in the company, valued at $30,667,733.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Dominic J. Caruso sold 82,591 shares of the firm’s stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $136.72, for a total value of $11,291,841.52. Following the completion of the transaction, the vice president now owns 226,693 shares in the company, valued at approximately $30,993,466.96. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by company insiders.
About Johnson & Johnson
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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